News Release

Dramatic Cost Reductions Set to Transform MicroLED Displays into Mass-Market Products, IHS Markit Says

Dramatic Cost Reductions Set to Transform MicroLED Displays into Mass-Market Products, IHS Markit Says

June 17, 2019

Shipments set to rise to nearly 16 million in 2026, as manufacturing expenses drop

LONDON (June 18, 2019) – Rising from negligible levels this year, the global market for microLED displays is expected to grow to 15.5 million units in 2026 as steep declines in manufacturing costs make the emerging technology suitable for the mass market, according to the recently released IHS Markit Micro LED Display Technology & Market report.

MicroLED shipments in 2019 and 2020 are expected to total less than 1,000, according to business information provider IHS Markit (Nasdaq: INFO). However, with manufacturing costs plunging during the coming years, microLED pricing will drop as well, allowing the technology to gradually find acceptance in applications including smart watches, televisions, augmented-reality systems and smartphones.

“Despite their extremely high price tag compared to conventional LCD and OLED panels, microLED displays offer advantages in brightness and energy efficiency that make them an attractive alternative for ultra-small and ultra-large applications,” said Jerry Kang, associate director at IHS Markit. “The manufacturing process for microLED will allow suppliers to reduce their production costs over time. Once the process matures, microLED sales will begin to rise.”

Cost Collapse

Illustrating this trend, the manufacturing cost of a 1.5-inch microLED display for use in smart watches is expected to fall to one tenth of the current cost by 2026. Meanwhile, the manufacturing cost of a 75-inch display for televisions will drop to one-fifth of its current expense during the same time period.

Technological advantages

Like OLEDs, microLEDs are an emissive display technology, meaning they generate their own light and thus that don’t require a backlight. By eliminating the power-hungry backlight, they can achieve superior power efficiency compared to LCDs. Moreover, microLCDs are much brighter than OLEDs.

MicroLED displays are composed of arrays of microscopic LEDs, each of which represents an individual pixel. Manufacturing these displays involves picking up massive numbers of LED chips from epitaxial wafers and placing them on target substrates, a process known as mass transfer.

Manufacturing is expected to reach the maturity threshold in 2024.

“Despite the growth in acceptance, microLED shipments in 2026 will still amount to just 0.4 percent of the global flat-panel display market,” Kang said. “However, with shipments of nearly 16 million units that year, microLED will have entered mass-market territory, setting the stage for much wider acceptance during the following years.”

Micro LED Display Technology & Market – 2019

This IHS Markit report features the market demand forecast for microLED displays, based on three estimations of manufacturing costs and supply capacity that are needed to meet market demand. It also focuses on the latest technologies and the supply chain for microLED displays, including suppliers, panel manufactures and device brands.


About IHS Markit ( )

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2019 IHS Markit Ltd. All rights reserved.


All Industries
IHS Media Relations, +1 303 305 8021

Technology; Aerospace, Defense & Security
SungHa Park, +82 31 8039 8771

Multimedia Files:

News powered by iR Direct —
Copyright © 2023 Issuer Direct Corporation.
All Rights Reserved.