TrendForce Says Potential Scale of Micro-LED Market Could Reach US$30~40 Billion If It Was to Supplant the Current Display Chain

TAIPEI, Taiwan–(BUSINESS WIRE)–#Apple–Following LCD and OLED, micro-LED is now one of the next-generation
display technologies that are in the spotlight. Besides companies
working in the global display supply chain, major technology brands
including Apple and Sony are increasingly involved in the development of
micro-LED as they are drawn to its possibilities. Currently, those that
are engaged in this field aim to bring down the production cost. The
latest research from LEDinside, a division of TrendForce, finds that the
potential scale of the future micro-LED market – one that would replace
the entire current LCD display chain including BLU, polarizer and other
components – could reach US$30~40 billion.

Roger Chu, research director of LEDinside, said that it is still too
early to determine the size of the micro-LED market because of
differences among specification standards and manufacturing techniques.
There are a lot uncertainties related to the size of micro-LED chips,
driver solutions and the mass transfer processes. “At the same time, the
scale of the micro-LED market is potentially enormous if this technology
is going to replace LCD and all its related components,” Chu noted.

Looking at activities of major interested parties, Sony has made a
significant step in the commercialization of the technology with its
CLEDIS (Crystal LED Integrated Structure) displays. The latest CLEDIS
display that was shown at this year’s CES performed impressively across
all important indicators including resolution, brightness and contrast.

Still, the manufacturing cost of micro-LED-based products on average can
be three to four times as much as products based on traditional display
technologies, according to LEDinside’s analysis. Therefore, developers
of micro-LED displays will have to devise effective cost-cutting (or
yield-raising) solutions in chip production and mass transfer. At the
same time, they also need to consider the additional values that can be
extracted out this technology and the related manufacturing processes.
Taking account of the various challenges, LEDinside believes that it
will take around three to five years before micro-LED display products
can replace the current generation of LCD counterparts.

Roger Chu pointed to mass transfer as the most difficult technology
bottleneck that prevents the general production cost of micro-LEDs from
going down. “Creating mass transfer solutions requires efforts across
different industries including LED, semiconductor devices and the entire
display supply chain,” said Chu. “Also, new solutions could lead to
different specifications for processing equipment, testing equipment,
chip products, raw materials and etc. New specification standards will
raise the technology barrier for market entrants. The need for
cross-industry collaboration will also prolong the R&D period for
developers of micro-LED displays.”

In addition to cost reduction efforts, entrants in the micro-LED display
market will need to generate additional value for the technology. “Once
established, mass transfer solutions may be used to pick and place LEDs
or electronic components of similar sizes – take sensor chips for
example,” said Chu. “Micro-LED itself has a lot of potentials and could
one day shine in lots of applications including VR devices, AR
projection, optical sensors and fingerprint recognition.”

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About TrendForce (

TrendForce is a global provider of market intelligence on the technology
industries. Having served businesses for over a decade, the company has
built up a strong membership base of 500,000 subscribers residing the
technology and financial services sectors. TrendForce has established a
reputation as an organization that offers insightful and accurate
analysis of the technology industry through five major research
divisions: DRAMeXchange, WitsView, LEDinside, EnergyTrend and Topology
Research Institute. Founded in Taipei, Taiwan in 2000, TrendForce has
extended its presence in China since 2004 with offices in Shenzhen and


Ms. Pinchun Chou, +886-2-8978-6488 ext. 669
Sean Lin, +886-2-8978-6488 ext. 667