MicroLED is a strong candidate for the display technology that will make the best TVs of the future. Currently, however, it is prohibitively expensive to produce MicroLED display panels, let alone MicroLED TVs. But that is changing, according to a new report. [According to Business Korea, research firm Omdia predicts that MicroLED display panels will become dramatically cheaper. Currently, MicroLED display panels are manufactured in 10.1-inch to 14.6-inch panels and cost between $5,800 and $10,000. MicroLED TVs typically cost in excess of $100,000.

However, Omdia now predicts that the cost of the same 10.1" to 14.6" MicroLED panels will be a fraction of their current cost by 2027. At that point, the cost of a 10.1-inch panel could be just $1,277 and the cost of a larger 14.6-inch panel just $2,400 for TV manufacturers. In other words, costs could be reduced by about 75%, a truly staggering figure.

We are already seeing the cost of MicroLED TVs drop, though not by much compared to Omdia's prediction. Samsung has just announced an 89-inch MicroLED TV that costs almost $100,000 ($102,000). This is a big step forward for MicroLED TVs, given that its competition is a 110-inch $149,000 TV named "The Wall" and C-Seed's 137-inch $200,000 N1 outdoor MicroLED TV. Compared to these, an 89-inch TV seems ordinary, even if the cost is astronomical.

Given the cost of such small MicroLED panels, it is fair to ask why so many manufacturers bother to make MicroLED TVs. After all, even at $2,400 for a 14.6-inch panel, it is more expensive than the average TV.

However, MicroLED has some significant advantages. First, MicroLED panels produce peak brightness equal to or better than MiniLED displays, which are the brightest TV displays commonly available. They are also more power efficient than MiniLED displays, which is advantageous to monthly utility costs.

However, MicroLED has some advantages over other display technologies: OLED displays typically degrade over time, even if today's best OLED TVs are significantly better than the first generation of OLED TVs, not suffer from this degradation of displays. Therefore, if TV manufacturers could incorporate this into smaller TV displays at a (relatively) affordable price, it would be a logical candidate for the next superior display technology.