Micro LED display market to reach 34.6 million units by 2031 reports Omdia

Micro LED Display Market Overview - Shipments of micro LED displays are projected to reach 1.7 million units by 2027, driven by LEDoS technology in ultra-small-sized devices like XR smart-glasses [1] - By 2031, XR devices are expected to account for 24.4% of the micro LED display market [1] - Micro LED display shipments are forecasted to surge to 34.6 million units by 2031, though they will represent only 0.9% of the total display market [6] Technology and Product Development - Smart-glasses require lightweight designs, low-power consumption, and high readability under sunlight, making LEDoS technology with diagonal sizes as small as 0.15-inch particularly suitable [2] - In 2024, numerous display manufacturers unveiled micro LED display prototypes targeting automotive, public displays, and virtual studios, indicating a focus on niche applications [2] - Display suppliers are focusing on product segments where OLED or LCD struggle to meet specific size and performance demands, leveraging micro LED's cost competitiveness [3] Market Trends and Forecasts - Omdia's 'Micro LED Display Market Tracker – 4Q 2024' provides insights into technology trends, market growth forecasts, cost analyses, and technical outlooks across the supply chain [3] - Following Apple's postponement of its micro LED display project for its watch in February 2024, some set brands and suppliers have slowed development, leading to a significant revision in Omdia's market forecast [6] Industry Players and Strategies - Several component and equipment suppliers are introducing advanced technologies to enhance micro LED display manufacturing [3] - LEDoS suppliers have achieved significant advancements in miniaturization, making the technology more competitive for lightweight applications like smart-glasses [2]