Micro-LED market to reach nearly $20B by 2025
The micro-LED market is expected to be worth $19.9 billion by 2025 with a compound annual growth rate of 54.7 percent between 2019 and 2025, according to a report by Marketsandmarkets.
Demand for brighter and more efficient displays, increased adoption of near-to-eye devices and interest from big players such as Apple and Sony are the key drivers of this market. Consumer electronics will hold the largest share of the market during the forecasted period, with smartphones seeing the most growth specifically, according to the report
North America is expected to hold the largest market share, but there are considerable opportunities for growth in the Asia Pacific region, according to the report.