2024 Micro LED chip market size, patent number and development trend analysis

Micro Led is composed ofmicro LEDdot matrix display panel, with high contrast, high brightness and customizable characteristics, common in Led Transparent screen, carpet screen, curved screen, LED movie screen and other high-end display applications. Micro LED technology is regarded as an important development direction of the future display technology, many LED companies at home and abroad, display panel companies have increased investment to explore its commercial application, of which 2023 global Micro LED chip market size increased by 92.9%, It is expected that the global Micro LED chip market size will increase 129.6% year-on-year in 2024.

2022-2027年全球Micro LED芯片市场规模及增速

Source: Joint Research Industry Consulting (Joint Research Network)

The most active regions for the research and innovation of Micro LED technology are mainly concentrated in South Korea, Japan, mainland China, the United States, and the European Union. The patent right holders mainly include LG Innotek, Samsung Electronics, Japan Semiconductor Energy Laboratory, Samsung Display, and Jingdongfang.

Number of Micro LED chip related patents worldwide

Source: Joint Research Industry Consulting (Joint Research Network)

With the continuous maturity of technology and cost reduction, Micro LED is expected to be widely used in large-size displays, wearable devices, in-vehicle displays, augmented reality (AR) and other fields, and the Micro LED chip market continues to grow.

Micro LED industry development prospects

Source: Joint Research Industry Consulting (Joint Research Network)