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A Market Set to Soar
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Here’s the reality: The MicroLED market is growing rapidly. (6)
It’s expected to skyrocket from $623.6 million in 2023 to an eye-popping $25.65 billion by 2030, with a massive
CAGR of 77.4%. (6)
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Consumers are demanding displays that are brighter, thinner, and more energy-efficient across smartphones, AR/VR headsets, and smart devices.Â
This is where Smartkem (Nasdaq: SMTK) is uniquely positioned to participate in the expected growth of this market..
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How Smartkem (Nasdaq: SMTK) is Setting Itself
Apart
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🌟 World-First Innovation
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This year, Smartkem (Nasdaq: SMTK) made history with the creation of the first monolithic MicroLED display using its patented OTFT (organic thin-film transistor) technology. (2)(3)(5)
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Ultra-bright displays (150K nits), high resolution (254ppi), and a significant step toward
making MicroLED technology more cost-effective for smartphones, TVs, and AR/VR .
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🤝 Game-Changing Partnerships
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Smartkem (Nasdaq: SMTK) has teamed up with Chip Foundation to co-develop MicroLED backlights for LCDs. This collaboration could transform how displays are made—cutting costs, increasing efficiency, and putting . (2)(3)(5)
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🌳 High-Growth Markets
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⌚ Wearables: The smartwatch market is expected to grow at a CAGR of 144.5%, driven by consumers demanding energy-efficient, high-clarity screens. (2)(3)(5)
📱 Consumer Electronics: With a 50% revenue share in 2023, this is the
biggest slice of the MicroLED market. (2)(3)(5)
🚗 Automotive & 🏥 Healthcare: High-res displays for advanced driver-assistance systems and surgical tools? (2)(3)(5)
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Why Now? The Smartkem (Nasdaq: SMTK) Advantage
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MicroLED technology isn’t just a trend—it’s a revolution. Industries like
AR/VR and electric vehicles are adopting it because it’s brighter, more durable, and more efficient than OLED or LCD. (2)(3)(5)
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And Smartkem (Nasdaq: SMTK) isn’t just riding this wave—they’re redefining how it’s done.Â
Smartkem (Nasdaq: SMTK)’s OTFT technology simplifies existing manufacturing processes using lower processing temperatures and higher efficiency, making MicroLED
production more efficient and commercially viable. (2)(3)(5)