Laser equipment maker Coherent says that it saw a "significant increase" in the level of investment and bookings related to MicroLED displays. These tools are going to be used for process development, as a precursor to mass production.

Coherent reveals that its MicroLED customer base includes almost all current OLED and LCD manufacturers and many well-known MicroLED specific startups and display industry integrators. Coherent is offering multiple UV solutions for four separate MicroLED processes - CLA for high performance low power consumption back planes, laser lift-off for customers using sapphire carrier, laser transfer and laser repair.

DSCC says that the microLED TV is going to grow quite fast in the next few years, from around $25 million in 2020 to $228 million by 2026:

While this sounds impressive, it means that according to DSCC MicroLED technology penetration will remain very small into the TV market (which is estimated at over $200 billion in 2020) - around 0.1% in 2026. Just for comparison, six years after being commercialization, in 2019 OLED TV revenues were estimated at $2.5 billion. The high retail price of microLED TVs will hinder faster growth.

In 2019 San'an Optoelectronics announced that it aiming to build a $1.78 billion Mini-LED and Micro-LED production site in Hubei. The project will include a LED production plant, an R&D center and also a sales offices.

The plant construction was said to take up to 3 years, and production to begin a year later. According to a news report from China, construction was delayed due to the COVID pandemic, but Sanan now resumed construction the new facility.