Lucintel's latest market report analyzed that micro LED in the global near-to-eye device provides attractive opportunities in the consumer, medical, aerospace & defense, and automotive markets. The micro LED in the global near-to-eye device market is expected to reach $34.0 billion by 2028 with a CAGR of 69.5%. In this market, VR devices is the largest segment by device type, whereas medical is largest by end use industry.

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Based on device type, the micro LED in the global near-to-eye device market is segmented into AR devices and VR devices. The VR devices segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, because this device is more affordable and helps in providing fully digital experience by stimulating a three-dimensional environment in the real world.

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The Micro LED in the Global Near-to-Eye Device Market is marked by the presence of several big and small players. Some of the prominent players offering micro LED in the global near-to-eye device include Sony Group, Himax Technologies, Kopin Corporation, eMagin Corporation, MICROOLED Technologies, BOE Technology, Syndiant, Plessey, JBD Xianyao Display Technology, and TriLite Technologies.

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