India, May 29 -- TrendForce's latest report, "2025 Micro LED Display and Non-Display Application Market Analysis," reveals that the current development of MicroLED technology in the display sector focuses on two key challenges: optimizing manufacturing costs through design and production improvements, and identifying unique niche markets.

TrendForce forecasts that the chip market value for Micro LED display applications will reach US$740 million by 2029, with a CAGR of 93% from 2024 to 2029.

Cost improvements continue for large-sized displays

Presently, the bulk of MicroLED's display-related market value is driven by large-sized displays, where Samsung holds a leading position. Future growth will rely not only on breakthroughs across s...