Micro LED market to grow with focus on cost optimization and new applications, TrendForce Reports

TrendForce’s report, “2025 Micro LED Display and Non-Display Application Market Analysis,” states that Micro LED technology development in the display sector is addressing manufacturing cost optimization and niche market identification. The chip market value for Micro LED display applications is projected to reach US$740 million by 2029, with a compound annual growth rate of 93% from 2024 to 2029.
For large-sized displays, Samsung leads the market, which drives most of Micro LED’s display-related value. Growth depends on manufacturing process improvements and collaborations between Chinese chipmakers and brand manufacturers to advance chip miniaturization for cost reduction. Demand for head-mounted devices and advanced automotive displays, driven by AI and smart driving ecosystems, is expected to support market growth.
Micro LED large-sized displays typically target 4K resolution or higher, with a current mass-producible pixel pitch of 0.5 mm. Efforts continue to reduce pixel pitch to distinguish Micro LED from Mini LED video walls, addressing challenges like low driver connection yield rates and panel seam issues. Cost optimization focuses on simplifying backplane manufacturing to improve yields and reducing assembly steps by minimizing seams.
In transparent display applications, Micro LED is used in direct-view and micro-projection systems,...