Micro LED display market to reach 34.6 million units by 2031 reports Omdia
Omdia forecasts that micro LED display shipments will reach 34.6 million units by 2031, representing only 0.9% of the total display market. Following Apple's postponement of its micro LED watch display project in February 2024, some brands have slowed their component development, leading Omdia to revise its market projections.
The market is expected to reach 1.7 million units by 2027, primarily driven by LEDoS technology in XR devices, particularly smart-glasses designed for outdoor use. By 2031, XR devices are projected to represent 24.4% of the micro LED display market.
In 2024, manufacturers showcased new micro LED prototypes targeting automotive, public displays, and virtual studios. Display suppliers are focusing on market segments where OLED or LCD technologies face limitations in meeting specific size and performance requirements.
Omdia prevede che le spedizioni di display micro LED raggiungeranno 34,6 milioni di unità entro il 2031, rappresentando solo lo 0,9% del mercato totale dei display. A seguito del rinvio da parte di Apple del suo progetto di display micro LED per orologi a febbraio 2024, alcuni marchi hanno rallentato lo sviluppo dei componenti, portando Omdia a rivedere le sue previsioni di mercato.
Si prevede che il mercato raggiunga 1,7 milioni di unità entro il 2027, principalmente grazie alla tecnologia LEDoS nei dispositivi XR, in particolare occhiali intelligenti progettati per l'uso all'aperto. Entro il 2031, si prevede che i dispositivi XR rappresentino il 24,4% del mercato dei display micro LED.
Nel 2024, i produttori hanno presentato nuovi prototipi di micro LED destinati all'automotive, ai display pubblici e agli studi virtuali. I fornitori di display si stanno concentrando su segmenti di mercato dove le tecnologie OLED o LCD affrontano limitazioni nel soddisfare requisiti specifici di dimensioni e prestazioni.
Omdia pronostica que los envíos de pantallas micro LED alcanzarán 34,6 millones de unidades para 2031, lo que representa solo el 0,9% del mercado total de pantallas. Tras el aplazamiento de Apple de su proyecto de pantalla micro LED para relojes en febrero de 2024, algunas marcas han ralentizado su desarrollo de componentes, lo que ha llevado a Omdia a revisar sus proyecciones de mercado.
Se espera que el mercado alcance 1,7 millones de unidades para 2027, impulsado principalmente por la tecnología LEDoS en dispositivos XR, especialmente gafas inteligentes diseñadas para uso al aire libre. Para 2031, se proyecta que los dispositivos XR representen el 24,4% del mercado de pantallas micro LED.
En 2024, los fabricantes presentaron nuevos prototipos de micro LED dirigidos a la automoción, pantallas públicas y estudios virtuales. Los proveedores de pantallas se están concentrando en segmentos de mercado donde las tecnologías OLED o LCD enfrentan limitaciones para cumplir con requisitos específicos de tamaño y rendimiento.
Omdia는 마이크로 LED 디스플레이 출하량이 2031년까지 3,460만 대에 이를 것이라고 예상하며, 이는 전체 디스플레이 시장의 0.9%에 불과합니다. 2024년 2월 애플이 마이크로 LED 시계 디스플레이 프로젝트를 연기하면서 몇몇 브랜드가 부품 개발 속도를 늦췄고, 이로 인해 Omdia는 시장 예측을 수정하게 되었습니다.
시장 규모는 2027년까지 170만 대에 이를 것으로 예상되며, 이는 주로 XR 기기에서 LEDoS 기술에 의해 주도됩니다. 특히 야외 사용을 위해 설계된 스마트 안경이 포함됩니다. 2031년까지 XR 기기가 마이크로 LED 디스플레이 시장의 24.4%를 차지할 것으로 예상됩니다.
2024년에는 제조업체들이 자동차, 공공 디스플레이 및 가상 스튜디오를 겨냥한 새로운 마이크로 LED 프로토타입을 선보였습니다. 디스플레이 공급업체들은 OLED 또는 LCD 기술이 특정 크기와 성능 요구 사항을 충족하는 데 한계가 있는 시장 세그먼트에 집중하고 있습니다.
Omdia prévoit que les expéditions de panneaux micro LED atteindront 34,6 millions d'unités d'ici 2031, représentant seulement 0,9 % du marché total des affichages. Suite au report par Apple de son projet d'affichage micro LED pour montres en février 2024, certaines marques ont ralenti le développement de leurs composants, ce qui a conduit Omdia à revoir ses prévisions de marché.
On s'attend à ce que le marché atteigne 1,7 million d'unités d'ici 2027, principalement grâce à la technologie LEDoS dans les appareils XR, en particulier les lunettes intelligentes conçues pour une utilisation en extérieur. D'ici 2031, les appareils XR devraient représenter 24,4 % du marché des affichages micro LED.
En 2024, les fabricants ont présenté de nouveaux prototypes de micro LED ciblant les automobiles, les affichages publics et les studios virtuels. Les fournisseurs d'affichages se concentrent sur des segments de marché où les technologies OLED ou LCD rencontrent des limitations dans la satisfaction de exigences spécifiques en taille et en performance.
Omdia prognostiziert, dass die Sendungen von Mikro-LED-Displays bis 2031 34,6 Millionen Einheiten erreichen werden, was nur 0,9% des gesamten Display-Marktes ausmacht. Nach Apples Verschiebung seines Mikro-LED-Uhren-Display-Projekts im Februar 2024 haben einige Marken die Entwicklung ihrer Komponenten verlangsamt, was Omdia dazu veranlasste, seine Marktprognosen zu überarbeiten.
Es wird erwartet, dass der Markt bis 2027 1,7 Millionen Einheiten erreichen wird, wobei die LEDoS-Technologie in XR-Geräten, insbesondere in für den Außeneinsatz konzipierten Smart-Brillen, hauptsächlich treibend ist. Bis 2031 wird prognostiziert, dass XR-Geräte 24,4% des Mikro-LED-Display-Marktes ausmachen.
Im Jahr 2024 haben Hersteller neue Mikro-LED-Prototypen vorgestellt, die auf Automobile, öffentliche Displays und virtuelle Studios abzielen. Die Display-Zulieferer konzentrieren sich auf Marktsegmente, in denen OLED- oder LCD-Technologien an ihre Grenzen stoßen, wenn es darum geht, spezifische Größen- und Leistungsanforderungen zu erfüllen.
- Projected significant market growth to 34.6M units by 2031
- Expected 1.7M unit shipments by 2027
- Strong potential in XR devices segment (24.4% market share by 2031)
- Successful development of small form factor (0.15-inch) displays for smart-glasses
- market penetration (only 0.9% of total display market by 2031)
- Development slowdown following Apple's project postponement
- Low cost-competitiveness compared to existing technologies
- Market forecast significantly revised downward
Insights
The projected 34.6 million units by 2031 represents a significant market opportunity, though the
The 0.15-inch diagonal achievements in LEDoS technology mark a important technical milestone, particularly for the XR segment where form factor and outdoor visibility are critical differentiators. The shift toward niche applications in automotive and public displays indicates a pragmatic market approach, focusing on segments where premium pricing can be justified by specific performance requirements that traditional LCD and OLED cannot meet effectively.
This market evolution presents both opportunities and risks for investors in the display technology sector. The reduced growth trajectory following Apple's postponement demonstrates the market's dependence on major OEM adoption. However, the diversification into multiple niche segments reduces single-player risk exposure. The 1.7 million unit forecast by 2027 suggests a measured but promising growth path, particularly valuable for companies positioned in the XR and automotive supply chains.
The focus on specialized applications where traditional displays underperform indicates potential for higher margins, despite lower volumes. Investors should watch for companies developing critical manufacturing technologies and components, as these could become acquisition targets or dominant suppliers in this expanding ecosystem. The emphasis on solving specific technical challenges in niche markets suggests a more sustainable growth path than pursuing immediate mass-market adoption.
Following reports in February 2024 that Apple postponed its micro LED display project for its watch, some set brands and related suppliers have slowed their development of associated components and equipment. As a result, Omdia has significantly revised its market forecast compared to projections made earlier in 2024.
Despite some delays, many industry players continue to aggressively develop micro LED display technology. Omdia forecasts that shipments in the micro LED display market will reach 1.7 million by 2027, driven primarily by light-emitting diode on-silicon backplane (LEDoS) in ultra small sized display device such as extended reality (XR) devices, particularly smart-glasses designed for outdoor. By 2031, XR devices are expected to account for
"Smart-glasses require light-weight designs, low-power consumption and high readability under sunlight," said Jerry Kang, Senior Research Manager at Omdia. "A few LEDoS suppliers have already achieved diagonal sizes as small as 0.15-inch, making them more suitable for lightweight on smart-glasses compared to other display technologies."
In 2024, numerous display manufacturers unveiled new micro LED display prototypes, that mainly targeted automotive, public displays, and virtual studios. This trend suggests that suppliers are anticipating greater adoption of micro LED displays in niche applications.
"Due to the low -cost competitiveness, many display suppliers are focusing on penetrating product segments where OLED or LCD struggle to meet customer demands for specific display sizes and performance," said Kang. "Simultaneously, several component and equipment suppliers are proactively introducing advanced technologies to enhance the manufacturing of micro LED displays."
Omdia's 'Micro LED Display Market Tracker – 4Q 2024' provides valuable insights into technology trends and market developments in the micro LED display industry. The report covers market growth forecasts, cost analyses, and technical outlooks across the supply chain, panel manufacturers, and set brands.
ABOUT OMDIA
Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.
Contact
Fasiha Khan: fasiha.khan@omdia.com
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SOURCE Omdia
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