104 West Partners Joins The Next Practices Group, Boosts Holding Company's B2B Tech Footprint | Business
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TAIPEI, Taiwan, August 10, 2023--TrendForce predicts the Micro LED market to reach $580 million by 2027.
Mass production of large displays and wearable devices is propelling the Micro LED market. TrendForce predicts that the market value of Micro LED chips will reach 27 million in 2023 indicating a YoY growth of 92. With the scaling of existing application shipments and the introduction of new applications its projected that the market value of Micro LED chips will approach 580 million in 2027 representing a CAGR of approximately 136 from 2022 to 2027.
Japanese watchmakers and Western auto-makers to drive 136% CAGR to $580m in 2027