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TrendForce: Micro LED Display Market Size Expected to Surpass $461 Million by 2029

Optronics Industry | 2025-09-19

In recent years, with the gradual improvement of the Micro LED supply chain and continuous technological advances, its penetration into consumer electronics has accelerated. Following Samsung’s launch of a 140-inch Micro LED TV in 2023, Garmin has now partnered with AUO to introduce the world’s first Micro LED smartwatch. Meanwhile, Sony Honda is expected to equip its Afeela vehicle with a 30-inch Micro LED display by the end of this year. These moves highlight that Micro LED is increasingly being adopted in key consumer electronic products. TrendForce forecasts that the Micro LED market size will surpass USD 461 million by 2029.

Trendforce Micro LED Market Value Forecast

Trendforce forecasts that Micro LED display market value is expected to surpass $461 million by 2029 (image source: Trendforce)

 

Although industry experts still note challenges such as high cost and power consumption, Micro LED’s ultra-high brightness and superior sensor integration potential make it especially promising for outdoor smart sports watches.

 

In Garmin’s earlier launch of the Fenix 8 Pro smartwatch, the maturity of the Micro LED ecosystem was already evident. AUO played a crucial role, with its image calibration technology significantly enhancing the performance of the 1.4-inch Micro LED display. Supporting partners include PlayNitride, which supplied Micro LED chips sized around 15×30 μm, and Raydium Semiconductor, which provided driver IC solutions.

enix 8 Pro - world's first Micro LED smartwatch

Recently launched Garmin Fenix 8 Pro smartwatch features a 1.4 inch micro LED display

 

This collaboration demonstrates that the Micro LED ecosystem is steadily improving. Its application in consumer electronics is expected to expand further, driving technological maturity and cost competitiveness.

 

From televisions to smartwatches and in-vehicle displays, Micro LED has been gaining wider market recognition. The introduction of flagship products also signals new breakthroughs in the technology. Moreover, thanks to its high brightness and contrast, Micro LED is being adopted by some startup companies in the smart glasses sector.

Samsung Micro LED TV

Samsung Micro LED TV – micro LED TV is believed to be another driving force of micro LED display market growth.

 

In conclusion, with global tech giants entering the space and the supply chain becoming increasingly mature, Micro LED applications in near-eye displays and other consumer devices will continue to grow, fueling the broader expansion of Micro LED in the end-user market.