What They Say
MicroLED-Info reported that market researcher Trendforce had said that the market for the LED chips used in microLED displays will grow from just $23 million this year to over $3.4 billion by 2025.
What We Think
The forecast is clearly based on a significant adoption of microLEDs in 2025. That’s some way away. What’s not clear is whether this is based on a specific project or adoption (e.g. Apple using the technology in a smartwatch – often forecast as the first volume consumer microLED application) or just a feeling that by 2025, the different challenges of microLED will have been substantially overcome. A value of $3.4 billion for the chips alone would suggest a market for a lot higher value of the finished products. BR)
