The Global Mini- and Micro-LED Displays Market 2024-2034

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Published August 2023 | 252 pages, 135 figures, 49 tables | Download table of contents

Mini-LED and Micro-LED Displays - Next Generation Display Technology Offering Higher Resolution, Contrast and Energy Efficiency

Mini-LED and Micro-LED displays represent an advanced evolution of LED display technology, providing significant improvements in visual performance, energy efficiency and flexibility.

With sizes less than 100 microns, Micro-LEDs enable ultra-high resolution and brightness owing to their small form factor.

Mini-LEDs are larger than Micro-LEDs but still smaller than conventional LEDs, offering enhanced features at lower cost.

Key Benefits

  • Ultra-high resolution and clarity
  • Greatly improved contrast and colors
  • Higher energy efficiency - up to 70% less power consumption
  • Longer lifespan due to lower heat dissipation
  • Thinner, flexible and transparent displays

Mini-LED and Micro-LED adoption is rising rapidly in products from phones to TVs, wearables, laptops, and automotive displays.

Apple, Samsung, Sony, LG and others already utilize this next-gen technology. Emerging applications include AR/VR displays, smartwatches, and transparent displays.

Mini-LED and Micro-LED Market Drivers

  • Increasing demand for higher resolution displays
  • Need for energy efficiency in electronics
  • Flexible display demand in wearables and foldables
  • Declining manufacturing costs expanding adoption

 

Challenges

  • Production scaling
  • Yield and defect minimization
  • Integration and interconnects
  • Cost reduction

Continued R&D and manufacturing improvements will enable mass market growth. Mini-LEDs also offer a midpoint until Micro-LEDs mature.

Mini-LED and Micro-LED Industry Outlook

The global market will witness robust expansion as the technology penetrates leading consumer and industrial displays.

Key growth factors:

  • Adoption in smartphones, TVs, laptops, automotive
  • Next-gen display demand in AR/VR, wearables, flexible devices
  • Advances in manufacturing, transfer and interconnect
  • Improved yields and cost reductions

Mini-LED and Micro-LEDs represent the display technology of the future, enabling unmatched visual performance along with sustainability benefits. Ongoing innovation will drive broad mainstream adoption.

 

The Global Mini- and Micro-LED Displays Market 2024-2034
The Global Mini- and Micro-LED Displays Market 2024-2034
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The Global Mini- and Micro-LED Displays Market 2024-2034
The Global Mini- and Micro-LED Displays Market 2024-2034
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1              REPORT AIMS AND OBJECTIVES 19

 

2              EXECUTIVE SUMMARY   20

  • 2.1          The Mini-LED market      20
  • 2.2          The Micro-LED market   20
  • 2.3          The global display market             22
    • 2.3.1      Display technologies assessment              24
  • 2.4          Benefits of Mini- and Micro-LEDs               26
  • 2.5          Mini- and Micro-LEDs applications            27
  • 2.6          Market and technology challenges           30
  • 2.7          Industry developments 2020-2023            32
  • 2.8          Recent mini- & micro-LED display innovations     37
  • 2.9          Market activity in China 41
  • 2.10        Global shipment forecasts for Mini-LEDs and Micro-LEDs to 2034                42
    • 2.10.1    Mini-LEDs            42
      • 2.10.1.1                Units     42
      • 2.10.1.2                Revenues            44
    • 2.10.2    Micro-LEDs         44
      • 2.10.2.1                Units     44
      • 2.10.2.2                Revenues            47

 

3              TECHNOLOGY ANALYSIS 48

  • 3.1          Mini-LED (mLED) vs Micro-LED (µLED)     48
    • 3.1.1      Display configurations    48
  • 3.2          Mini-LED displays             49
    • 3.2.1      Comparison to LCD and OLED      50
    • 3.2.2      Advantages and disadvantages  51
    • 3.2.3      Backplane types               52
    • 3.2.4      Costs     54
    • 3.2.5      High dynamic range Mini-LED displays    55
    • 3.2.6      Quantum dot films for Mini-LED displays               55
    • 3.2.7      Perovskite colour enhancement film in Mini-LEDs              56
    • 3.2.8      Market map       57
    • 3.2.9      Market adoption roadmap           57
  • 3.3          Micro-LED displays          58
    • 3.3.1      Development    58
      • 3.3.1.1   Sony      58
    • 3.3.2      Types    59
    • 3.3.3      Production          60
      • 3.3.3.1   Integration         60
      • 3.3.3.2   Transfer technologies    62
    • 3.3.4      Comparison to LCD and OLED      65
    • 3.3.5      Micro-LED display specifications 66
    • 3.3.6      Advantages        67
      • 3.3.6.1   Transparency     68
      • 3.3.6.2   Borderless          69
      • 3.3.6.3   Flexibility             70
    • 3.3.7      Tiled microLED displays 70
    • 3.3.8      Costs     70
    • 3.3.9      Manufacturing  71
      • 3.3.9.1   Epitaxy and Chip Processing        71
        • 3.3.9.1.1               Uniformity          72
      • 3.3.9.2   Assembly Technologies 73
        • 3.3.9.2.1               Monolithic fabrication of micro displays 73
        • 3.3.9.2.2               Mass transfer    74
        • 3.3.9.2.3               Mass Transfer Processes               75
          • 3.3.9.2.3.1           Elastomer Stamp Transfer            77
          • 3.3.9.2.3.2           Roll-to-Roll or Roll-to-Panel Imprinting   78
          • 3.3.9.2.3.3           Laser-induced forward transfer (LIFT)     79
          • 3.3.9.2.3.4           Electrostatic Transfer     80
          • 3.3.9.2.3.5           Micro vacuum-based transfer    81
          • 3.3.9.2.3.6           Adhesive Stamp 81
          • 3.3.9.2.3.7           Fluidically Self-Assembled Transfer          81
      • 3.3.9.3   Full colour conversion    82
        • 3.3.9.3.1               Phosphor Colour Conversion LEDs             83
        • 3.3.9.3.2               Quantum dots colour conversion              84
    • 3.3.10    Market map       85
    • 3.3.11    Market adoption roadmap           85

 

4              THE GLOBAL MARKET FOR MINI- AND MICRO-LEDs           86

  • 4.1          Consumer electronic display market        86
    • 4.1.1      Mini-LED Quantum Dot TV           88
    • 4.1.2      Products              89
  • 4.2          Smartwatches and wearables     91
    • 4.2.1      Apple’s planned microLED smartwatch   92
    • 4.2.2      Samsung              92
  • 4.3          Smartphones     93
  • 4.4          Samsung              93
    • 4.4.1      Wall display        93
    • 4.4.2      Neo QLED TV range         94
    • 4.4.3      MicroLED CX TV line-up 95
  • 4.5          LG           96
    • 4.5.1      LG mini QNED range       96
    • 4.5.2      MAGNIT Micro-LED TV   96
    • 4.5.3      Stretchable 12" microLED touch displays                97
  • 4.6          TCL CSOT             98
    • 4.6.1      8 Series and 6 Series       98
    • 4.6.2      Micro-LED displays          99
  • 4.7          Laptops, monitors and tablets    99
    • 4.7.1      Mini-LED              99
    • 4.7.2      Mini-LED and Micro-LED laptop, monitor and tablet products and prototypes       101

 

5              FLEXIBLE, STRETCHABLE AND FOLDABLE MICRO-LED        108

  • 5.1          The global foldable display market           110
  • 5.2          Foldable Micro-LED displays        110
  • 5.3          Product developers        111

 

6              BIOTECH AND MEDICAL DISPLAYS             112

  • 6.1          The global medical display market            112
  • 6.2          Micro-LEDS         112
    • 6.2.1      Micro-LEDs for medical applications         112
      • 6.2.1.1   Implantable Devices       112
      • 6.2.1.2   Lab-on-a-Chip   113
      • 6.2.1.3   Endoscopy          113
      • 6.2.1.4   Surgical Displays               114
      • 6.2.1.5   Phototherapy    114
      • 6.2.1.6   Biosensing          115
  • 6.3          Product developers        116

 

7              AUTOMOTIVE   117

  • 7.1          Global automotive displays market          117
  • 7.2          Mini-LED              118
    • 7.2.1      Dashboard Displays         118
    • 7.2.2      Head-Up Displays (HUDs)             119
    • 7.2.3      Digital Instrument Clusters          119
    • 7.2.4      Ambient Lighting              120
    • 7.2.5      Exterior Lighting                120
  • 7.3          Micro-LEDs         121
    • 7.3.1      Head-up display (HUD)  123
    • 7.3.2      Headlamps         124
  • 7.4          Product developers        125

 

8              VIRTUAL REALITY (VR), AUGMENTED REALITY (AR) AND MIXED REALITY (MR)        127

  • 8.1          Global market for virtual reality (VR), augmented reality (AR), and mixed reality (MR)       127
  • 8.2          Mini-LEDs            127
  • 8.3          Micro-LEDs         128
    • 8.3.1      AR/VR Smart glasses and head-mounted displays (HMDs)              129
    • 8.3.2      Micro-LED contact lenses             129
    • 8.3.3      Products and prototypes              130

 

9              TRANSPARENT DISPLAYS              134

  • 9.1          Global transparent displays market          134
  • 9.2          Mini-LED and Micro-LED transparent displays applications             134
  • 9.3          Product developers        137

 

10           SUPPLY CHAINS 139

  • 10.1        Mini-LEDs            139
  • 10.2        Micro-LEDs         140

 

11           COMPANY PROFILES       143 (92 company profiles)

 

12           REFERENCES       246

 

List of Tables

  • Table 1. Announced Micro-LED fabs.        22
  • Table 2. Summary of display technologies.            24
  • Table 3. Mini- and Micro-LED applications.            27
  • Table 4. Micro-LED applications. 28
  • Table 5. Market and technology challenges for mini- and micro-LED.         30
  • Table 6. Micro- and Micro-LED industry developments 2020-2023.             32
  • Table 7. Mini- and micro-LED product announcements at CES 2021.           37
  • Table 8. Mini- and micro-LED product announcements at CES 2022 and Display Week 2022.           38
  • Table 9. Mini- and micro-LED product announcements at CES 2023 and Display Week 2023.           39
  • Table 10. Mini- and micro-LED activity in China.  41
  • Table 11. Mini-LEDs backlights global market 2020-2034, by market (Million units).            42
  • Table 12. Global Micro-LED display market (thousands of units) 2020-2034.            44
  • Table 13. Comparison between mini-LED and micro-LED.                49
  • Table 14. Comparison between Mini-LED displays and other display types.             50
  • Table 15. Advantages and disadvantages of Mini-LEDs.    51
  • Table 16. Comparison of AM and PM driving.       52
  • Table 17. Micro-LED backlight costs.        55
  • Table 18. Comparison to conventional LEDs.         59
  • Table 19. Types of Micro-LED.     59
  • Table 20. Summary of monolithic integration, monolithic hybrid integration (flip-chip/wafer bonding), and mass transfer technologies.    61
  • Table 21. Summary of different mass transfer technologies.         62
  • Table 22. Micro-LED Comparison to LCD and OLED.           65
  • Table 23. Schematic comparison to LCD and OLED.            66
  • Table 24. Commercially available Micro-LED products and specifications. 66
  • Table 25. Micro-LED-based display advantages and disadvantages.            68
  • Table 26. Mass transfer methods, by company.  75
  • Table 27. Comparison of various mass transfer technologies.       75
  • Table 28. Comparison of LED TV technologies.    86
  • Table 29. Mini-LED and Micro-LED TVs launched 2022-2023.          87
  • Table 30. Mini-LED and Micro-LED TV products.  89
  • Table 31. Samsung Neo QLED TV range. 95
  • Table 32. LG mini QNED range    96
  • Table 33.TCL range of Mini-LED TVs.        98
  • Table 34. Mini-LED and Micro-LED laptop, monitor and tablet products and prototypes.  101
  • Table 35. Flexible, stretchable and foldable Mini-LED and Micro-LED products.     111
  • Table 36. Medical display Mini-LED and Micro-LED products.        116
  • Table 37. Automotive display & backlight architectures   117
  • Table 38. Applications of Micro-LED in automotive.          122
  • Table 39. Automotive display Mini-LED and Micro-LED products. 125
  • Table 40. Comparison of AR Display Light Engines.             128
  • Table 41. Micro-LED based smart glass products.               130
  • Table 42. Applications of Mini-LED and Micro-LED transparent displays.   134
  • Table 43. Companies developing Micro-LED transparent displays.               137
  • Table 44. Micro-LED supply chain.             140
  • Table 45. LG mini QNED range    189
  • Table 46. Samsung Neo QLED TV range. 217
  • Table 47. San’an Mini and Micro LED Production annual target.   218
  • Table 48. NPQDTM vs Traditional QD based Micro-LEDs. 220
  • Table 49. TCL Mini-LED product range.    230
  •  

List of Figures

  • Figure 1.  Blue GaN Micro-LED arrays with 3um pixel pitch use polychromatic quantum dot integration to achieve full colour AR displays.          21
  • Figure 2. The progress of display technology, from LCD to Micro-LED.       26
  • Figure 3. Video wall.        27
  • Figure 4. Automotive dashboard display.               27
  • Figure 5. Public advertising displays.        28
  • Figure 6. Wearable biomedical devices.  28
  • Figure 7. Head-up displays (HUD).             29
  • Figure 8. Pico-projectors.             29
  • Figure 9. Mojo Vision's 300-mm GaN-on-silicon blue LED wafer for microLED displays.      40
  • Figure 10. Global Mini-LED display gmarket 2020-2034, by market (Million units).               43
  • Figure 11. Global Mini-LED display market 2020-2034, by market (Million USD).   44
  • Figure 12. Global Micro-LED display market (thousands of units) 2020-2034.          46
  • Figure 13. Global Micro-LED display market 2020-2034, by market (Million USD). 47
  • Figure 14. Display system configurations.              49
  • Figure 15. Schematic of LCD with Micro-LED backlight.     50
  • Figure 16. Schematic for configuration of full colour Micro-LED display     51
  • Figure 17. BOE glass-based backplane process.   53
  • Figure 18. MSI curved quantum dot Mini-LED display.      56
  • Figure 19. Nanolumi Chameleon® G Film in LED/LCD Monitor.      56
  • Figure 20. Market map for Mini-LED displays.      57
  • Figure 21. Market adoption roadmap for microLED displays.         58
  • Figure 22. Micro-LED schematic. 58
  • Figure 23. Pixels per inch roadmap of µ-LED displays from 2007 to 2019.  60
  • Figure 24. Mass transfer for µLED chips. 62
  • Figure 25. Schematic diagram of mass transfer technologies.       64
  • Figure 26. Comparison of Micro-LED with other display technologies.       67
  • Figure 27. Lextar 10.6 inch transparent Micro-LED display.             69
  • Figure 28. Transition to borderless design.            69
  • Figure 29. Schematics of a elastomer stamping, b electrostatic/electromagnetic transfer, c laser-assisted transfer and d fluid self-assembly.     77
  • Figure 30. Schematics of Roll-based mass transfer.            79
  • Figure 31. Schematic of laser-induced forward transfer technology.          80
  • Figure 32. Schematic of fluid self-assembly technology.  82
  • Figure 33. Schematic of colour conversion technology.    82
  • Figure 34. Process flow of a full-colour micro display.       83
  • Figure 35. Market map for Micro-LED displays.    85
  • Figure 36. Market adoption roadmap for microLED displays.         85
  • Figure 37. LG QNED Mini-LED TV.              88
  • Figure 38. Micro-LED wearable display prototype.             91
  • Figure 39. APHAEA Watch.           92
  • Figure 40. Samsung Wall display system.               94
  • Figure 41. Samsung Neo QLED 8K.             95
  • Figure 42. Samsung Electronics 89-inch microLED TV.       96
  • Figure 43. MAGNIT Micro-LED TV.             97
  • Figure 44. Stretchable 12" microLED touch displays.         98
  • Figure 45. AUO AmLED. 100
  • Figure 46. laptop ROG Zephyrus Duo 16. 101
  • Figure 47. Acer Predator X32 Mini-LED Gaming Monitor. 101
  • Figure 48. Acer EI491CRG9 curved Mini-LED display.         102
  • Figure 49. AOC 27-inch Mini LED-backlit gaming monitor AG2740GM.       102
  • Figure 50. 12.9-inch iPad Pro.     103
  • Figure 51. Apple Pro Display XDR.             103
  • Figure 52. Asus ProArt PA32UCX.              103
  • Figure 53. ROG Swift PG32UQXE.              104
  • Figure 54. Lenovo ThinkVision Creator Extreme P27.         105
  • Figure 55. Creator 17 gaming laptop.       106
  • Figure 56. Samsung Odyssey G9 Neo gaming monitor.     107
  • Figure 57. AU Optonics Flexible Micro-LED Display.            108
  • Figure 58. Schematic of the TALT technique for wafer-level Micro-LED transferring.           109
  • Figure 59. 55” flexible AM panel.               109
  • Figure 60. Foldable 4K C SEED M1.            110
  • Figure 61. Micro-LEDs for medical applications    115
  • Figure 62. 2023 Cadillac Lyriq EV incorporating mini-LED display. 118
  • Figure 63. Micro-LED automotive display.              121
  • Figure 64. Issues in current commercial automotive HUD.              124
  • Figure 65. Rear lamp utilizing flexible Micro-LEDs.             125
  • Figure 66. Mojo Vision smart contact lens with an embedded Micro-LED display. 130
  • Figure 67. Cellid AR glasses, Exploded version.    130
  • Figure 68. Air Glass.        131
  • Figure 69. Panasonic MeganeX. 131
  • Figure 70. Thunderbird Smart Glasses Pioneer Edition.    132
  • Figure 71. RayNeo X2.    132
  • Figure 72. tooz technologies smart glasses.          133
  • Figure 73. Vuzix Micro-LED micro display Smart Glasses. 133
  • Figure 74. Leopard demo glasses by WaveOptics.              133
  • Figure 75. Different transparent displays and transmittance limitations.   135
  • Figure 76. 7.56" high transparency & frameless Micro-LED display.             136
  • Figure 77. AUO's 13.5-inch transparent RGB microLED display.     136
  • Figure 78. 17.3-inch transparent microLED AI display in a Taiwan Ferry.   137
  • Figure 79. Supply Chain of Mini-LED Backlight.     139
  • Figure 80. WireLED in 12” Silicon Wafer. 144
  • Figure 81. Typical GaN-on-Si LED structure.          145
  • Figure 82. 300 mm GaN-on-silicon epiwafer.       146
  • Figure 83. Micro-LED chiplet architecture.             147
  • Figure 84. Concept Apple Vr Ar Mixed Reality Headset.   148
  • Figure 85. 1.39-inch full-circle Micro-LED display 149
  • Figure 86. 9.4" flexible Micro-LED display.             150
  • Figure 87. BOE Mini-LED display TV.         152
  • Figure 88. BOE Mini-LED automotive display.       152
  • Figure 89. Image obtained on a blue active-matrix WVGA (wide video graphics array) micro display.           154
  • Figure 90. Fabrication of the 10-µm pixel pitch LED array on sapphire.      155
  • Figure 91. A 200-mm wafer with CMOS active matrices for GaN 873 × 500-pixel micro display at 10-µm pitch.        155
  • Figure 92. IntelliPix™ design for 0.26″ 1080p Micro-LED display.  157
  • Figure 93. C Seed 165-inch M1 Micro-LED TV.      159
  • Figure 94. N1 folding Micro-LED TV.         160
  • Figure 95.  C Seed outdoor TV.   160
  • Figure 96. Focally Universe AR glasses.   166
  • Figure 97. Flexible Micro-LED.     175
  • Figure 98. Jade Bird Display micro displays.           178
  • Figure 99. JBD's 0.13-inch panel.               178
  • Figure 100. 0.22” Monolithic full colour Micro-LED panel and inset shows a conceptual monolithic polychrome projector with a waveguide.       179
  • Figure 101. Prototype Micro-LED display.               180
  • Figure 102. APHAEA Micro-LED watch.    181
  • Figure 103. Lextar 2021 micro LED and mini LED products.             187
  • Figure 104. LSAB009 Micro-LED display. 189
  • Figure 105. LG MAGNIT 4K 136-inch TV. 190
  • Figure 106. 12" 100 PPI full-color stretchable microLED display.   190
  • Figure 107. Schematic of Micro Nitride chip architecture.               194
  • Figure 108. Nationstar Mini LED IMD Package P0.5mm.   199
  • Figure 109. 55” flexible AM panel.            202
  • Figure 110. 9.4" flexible Micro-LED display.           203
  • Figure 111. 7.56-inch transparent Micro LED display.        204
  • Figure 112. PixeLED Matrix Modular Micro-LED Display in 132-inch.           204
  • Figure 113. Dashboard - 11.6-inch 24:9 Automotive Micro-LED Display.    205
  • Figure 114. Center Console - 9.38-inch Transparent Micro-LED Display.    205
  • Figure 115. 48 x 36 Passive Matrix Micro-LED display.      207
  • Figure 116. Micro-LED micro display based on a native red InGaN LED.     208
  • Figure 117. Micro-LED stretchable display.            214
  • Figure 118. The Wall.      216
  • Figure 119. Samsung Neo QLED 8K.          217
  • Figure 120. NPQD™ Technology for Micro-LEDs. 219
  • Figure 121. Wicop technology.   222
  • Figure 122.  B-Series and C-Series displays.           227
  • Figure 123.  A micro-display with a stacked-RGB pixel array, where each pixel is an RGB-emitting stacked Micro-LED device (left). The micro-display showing a video of fireworks at night, demonstrating the full-colour capability (right). N.B. Areas around the display/   229
  • Figure 124. TCL Mini-LED TV schematic. 230
  • Figure 125. TCL 8K Mini-LED TV. 231
  • Figure 126. The Cinema Wall Micro-LED display. 231
  • Figure 127. Photo-polymer mass transfer process.            233
  • Figure 128. 7.56” Transparent Display.    234
  • Figure 129. 7.56" Flexible Micro-LED.       235
  • Figure 130. 5.04" seamless splicing Micro LED.    235
  • Figure 131. 7.56" Transparent Micro LED.              236
  • Figure 132. UMini0.9 4K.               237
  • Figure 133. VueReal Flipchip Micro-LED (30x15 um2).      241
  • Figure 134. Vuzix uLED display engine.    242
  • Figure 135. Mi TV Master series.               244

 

The Global Mini- and Micro-LED Displays Market 2024-2034
The Global Mini- and Micro-LED Displays Market 2024-2034
PDF download.

The Global Mini- and Micro-LED Displays Market 2024-2034
The Global Mini- and Micro-LED Displays Market 2024-2034
DF and print edition (including tracked delivery).

Payment methods: Visa, Mastercard, American Express, Paypal. 

To purchase by invoice (bank transfer) or in an alternative currency please contact info@futuremarketsinc.com or select Bank Transfer (Invoice) as a payment method at checkout. 

 

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