According to a report by Display Supply Chain Consultants (DSCC), MicroLED TV revenue is expected to grow from $25 million in 2020 to around $228 million by 2026.
While this may sound like a massive growth, but the fact is that MicroLED adoption and market share is expected to be very small in the next few year. To put these numbers in a better perspective, OLED TV revenue in 2019 was estimated at $2.5 billion.
Just as OLEDs, MicroLEDs is also self-emissive technology, but the individual pixels don’t use organic material and can thus avoiding aging-related drawbacks of OLED TV panels while retaining other OLED benefits like thin profile and excellent contrast. These LEDs also shine brighter while consuming lesser power, resulting in higher peak brightness.
The MicroLEDs, however, need to be individually placed on the panel while manufacturing and this is quite expensive. There is also a limit to high tightly these LEDs can be packed and thus microLED TVs need a much larger panel size for equivalent resolution.
MicroLED TVs that we have today like Sony’s Crystal LED, Samsung’s Wall or the recently launched LG Magnit are all actually modular TVs that combine smaller microLED boards into humongous 4k Resolution signage.
MicroLED displays are expected to initially find applications in high-end wearables, some AR headsets, and in luxury TVs. As the manufacturing simplifies, these could ultimately emerge as upcoming TV technology.