True MicroLED large format display market primed to break billion-dollar annual barrier by 2027
The True MicroLED display market for pro AV and consumer televisions is set to skyrocket. According to a newly released report from Futuresource Consulting, it will accelerate from just $24.0 million in 2023, to reach annual revenues of $26.2 billion in 2032, despite expected aggressive price erosion.
The LED Market Witnesses High Growth and Major Power Shifts
The total LED marketplace, including monochrome/tri-colour LED and LED video displays, is set to reach $19.5 billion by 2026. A compound annual growth rate of 21% is expected, with some significant market evolutions and power shifts in the pipeline.
Global LED Market Undergoes Rapid Recovery, Surpassing Pre-Pandemic Performance
The professional LED display market sustained serious damage through the pandemic, shedding nearly 13% of its value in 2020. Yet a new report from Futuresource Consulting shows that market recovery has been a lot faster than many expected.
How MicroLED is Set to Change Screen Technology in the Home – The Emerging $50 Billion Opportunity
MicroLED is on track to displace LCD and OLED in consumer TV applications. That’s according to a new MicroLED report from Futuresource Consulting, which predicts global players will invest more than $10 billion into the technology over the next few years, creating a $50 billion + cumulative market opportunity over the next decade.