Micro LED market forecast: scale will reach US$1.46 billion in 2028, with broad prospects for applications such as smart watches

The latest market research shows that Micro LED technology is developing rapidly and is expected to grow significantly in the next few years. Recently, a well-known display industry research institution released a new Micro LED market forecast report, revealing the future market trends and potential applications of this technology.

A report predicts in detail that by 2028, Micro LED display The market size will increase significantly, reaching US$1.46 billion, approximately RMB 10.42 billion. The report points out that as the technology matures and applications expand, Micro LED will be widely used in smart watches, augmented reality glasses, automotive displays and other devices. Nonetheless, the report also mentioned that due to the slowdown in the promotion of augmented reality and virtual reality applications, as well as potential delays in a well-known technology company's Micro LED watch project, the research institution has lowered its latest forecast to a certain extent

The report further revealed that the first model equipped with Micro Smartwatches with LED technology are expected to be available next year. Although this product is positioned in the high-end market, specific manufacturer information has not yet been made public. According to the editor's understanding, this market dynamic has triggered widespread concern and discussion in the industry.

The report points out that wearable devices, especially smart watches, will become the main application market for Micro LED displays. Wearable devices will benefit from Micro LED technology due to its advantages in brightness and efficiency. In addition, the relatively small display size and low pixel count help mitigate low-yield issues that may be encountered in the early stages of production.

Jeff Pu mentioned in a research report released at the end of September that a well-known technology company plans to launch the first high-end smart watch equipped with a microLED screen in the fall of 2025, and is expected to start mass production in early 2026. According to Jeff Pu's prediction, one of the company's high-end smartwatches will be the first to use microLED screens, and plans to upgrade existing micro-OLED screens to microLED materials in future advanced head-mounted display products.

Compared with traditional LEDs When it comes to displays, microLED technology has many advantages. It not only saves more power, but also has almost no risk of screen burn-in and has a longer service life. In addition, microLED displays perform well in terms of contrast and response time, and each pixel is equipped with an independent light source, making colors more vivid and bright. These characteristics make microLED an important trend in future display technology

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