Micro LED technology has shown great promise in delivering stunning picture quality and display performance. However, its high cost has been a major barrier to its widespread adoption. According to industry analysts Omdia, the price of Micro LED panels is expected to drop to around one-quarter of their current prices by 2027. This would make Micro LED TVs more affordable for consumers, but it may still take several more years before they become a mainstream option.
Currently, mid-sized Micro LED panels (10.1 to 14.6 inches) are priced between $5,800 and $10,000 per panel. By 2027, it is expected that the price for the smallest sizes will be around $1,200, making them more accessible to a wider audience.
However, larger panels required for bigger TVs are likely to remain expensive even with the price drop. Ultra-premium TVs like Samsung’s 76-inch, 101-inch, and 114-inch Micro LED models are still expected to have high price tags, making them a luxury item for most consumers.
As with any new display technology, early adopters often pay a premium, but as manufacturing processes improve, yields increase, and economies of scale come into play, prices tend to come down. Just like with OLED technology, which took about a decade to become more affordable, Micro LED is on a faster track to becoming accessible to a broader market.
While Micro LED TVs offer incredible picture quality and other benefits, it may take a few more years for them to become a feasible option for the average consumer’s budget. In the meantime, consumers can still enjoy excellent display performance from other display technologies, such as OLED and QLED, which are more widely available and competitively priced.
