MicroLED displays are exciting to many, as the technology seems to be the front runner for the next-generation display of choice in many market segments - from AR/VR glasses through wearables to TVs and IT displays.

The MicroLED industry though, even after billions of dollars spent on R&D, is still at a very early stage. Production costs are high, processes are not reliable enough, and there are several technical challenges to overcome before production can begin (except for some niche areas such as ultra large-size premium TVs).
If we assume these challenges will be overcome in the future, and reliable and low-cost production processes will emerge, how will microLED displays far against OLEDs?
The main advantages of microLED displays will be the high power efficiency and high brightness, and long lifetime of the LEDs and the ability to create very small pixels. In addition, the technology enables unique business models, and sometimes unique designs which may enable it to succeed in certain applications.
MicroLEDs: high brightness and power efficiency
High brightness and power efficiency are key to the success of microLEDs in many applications - especially in mobile devices, wearables and AR/VR solutions. In fact most AR developers believe microLEDs could be very successful as the extreme high brightness potential is very useful.
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Comments
Yes, we don't discuss it here. It is likely that MicroLEDs and OLEDs will share pretty much the same (excellent) contrast.
Technically the same contrast ratio (infinity to one), but practically speaking, MicroLED can have much greater actual contrast. They both have absolute zero black levels, which gives them that ratio, but MicroLED has a higher maximum brightness.
Absent from this article is MicroLEDs contrast performance.