Micro LED Market

Micro-LED Market by Applications (Display and Lighting), Panel Size (Micro Display, Small and Medium-sized Panel, and Large Panel), Verticals (Consumer Electronics, Automotive, Advertising (Digital Signage), Aerospace & Defense, and Others), Regions (North America, Europe, Asia Pacific, Latin America, and Middle Eat & Africa), Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3458
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 48
  • No. Of Pages: 198
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The global micro-LED market was valued at USD 409 Million in 2020 and is projected to expand at a CAGR of 89.3% during the forecast period from 2021 to 2028. Micro-LED is considered as an emerging display and lighting technology, which potentially disrupted the traditional LCD display and LED lighting industries. A majority of display panels are commonly used in range of devices, such as TVs, notebooks, smartphones, and smartwatches.

Micro-LED technology offers high brightness and low power consumption, and these are divided broadly into the micro-LED displays and micro-LED lighting. Increase in the demand for enhanced quality display is a major factor fueling the market.

Global Micro LED Market Summary

Micro LED Market COVID-19 Analysis

COVID-19 crisis disrupted the global supply chain and affected economies. It has profoundly impacted the micro-LED market worldwide along with other businesses. The worldwide lockdown measures restrained the Coronavirus spread, which resulted in depletion of inventories and shortage of raw materials and led to sudden decline in revenue of market players including small business across the globe.

Market Dynamics (Trends, Drivers, Restraints, and Opportunities)

  • Rising demand for power efficient display panels for smartwatches, televisions, smartphones, and AR/VR devices is fueling the market.
  • Increasing developments and commercialization of technology in micro-LED display is driving the market.
  • Growing preference of researchers for fabrication of high power and high efficiency GaN-based LEDs technology and LEDs, is propelling the market.
  • Increasing number of patents is expected to augment the market during the forecast period.
  • Rising cost of micro-LED display technology due to features of OLEDs and LCDs for high power and brightness impede the market.
  • Lack of strong supply chain and distributed patent portfolio are restraining the market.
  • Miniaturization of micro-LED display results in high power consumption leading to the power leakage, which is expected to hamper the market.
  • Developments in cutting edge technological to make micro-LEDs are creating opportunities in the market.
  • Surge in demand of wearable displays for smartwatches and head mounted displays (HMDs) is projected to create lucrative opportunities in the market in the near future.
  • Trends such as virtual reality headgear and development of GaN-on-sapphire technology pose to be attractive opportunities during the forecasted period.

Scope of Micro LED Market Report

The report on the global micro-LED market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report that throws light on the different market segments for a comprehensive understanding.

Attributes

Details

Report Title

Micro-LED Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2016 to 2019

Forecast Period

2021–2028

Segmentation

Applications (Display and Lighting), Panel Size (Micro Display, Small and Medium-sized Panel, and Large Panel), Verticals (Consumer Electronics, Automotive, Advertising (Digital Signage), Aerospace & Defense, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Aledia, Apple Inc., eLux, Inc., Glo AB, LG Display, PlayNitride Inc., Rohinni LLC, Samsung Electronics Co. Ltd., Sony Corporation, VueReal, Oculus VR (InfiniLED) (US), and Epistar Corporation (Taiwan)

Micro LED Market Segment Overview:

Based on applications, the global micro-LED market is bifurcated into display and lighting.

The display segment is further divided into smartwatch, near-to-eye (NTE) device, television, smartphone and tablet, head-up display (HUD), laptop and monitor, and digital signage. The lighting segment is categorized as general lighting and automotive lighting. The smartphone and tablet sub-segment hold a key share of the market and is projected to grow in the near future.

Global Micro LED Market Taxonomy

On the basis of panel sizes, the market is trifurcated into micro display, small & medium-sized panel and large panel. The micro display segment accounts for a dominant share of the market, followed by large panel segment, which is expected to expand at a significant CAGR during forecasted period.

In terms of verticals, the micro-LED market is segregated into consumer electronics, automotive, advertising (digital signage), aerospace & defense, and others. The consumer electronics segment is projected to dominate the market by 2028 owing to rising adoption of micro-LED displays panels in electronic devices.

Based on regions, the global micro-LED market is segmented into North America Europe, Asia Pacific, Latin America, and Middle East & Africa. The market Asia Pacific is anticipated to expand at a high CAGR during the forecasted period owing the presence of global market players such as LED Foundries. Rising number of display panel manufacturers and consumers, and growing technological advancements due to increased R&D activities fuel the market in the region.

Micro LED Market Recent Developments

  • In January 2020, Samsung Electronics launched modular micro-LED TVs for size ranges such as 75", 88", 93", 110", 146", 150", 219", and 292".
  • In February 2020, Samsung Electronics announced partnership with Niioto and launch of an open-call visual art competition to promote Samsung’s micro-LED displays.
  • In October 2019, Apple plans to establish a facility for developing micro-LED technology for Apple products in collaboration with local supply chain in Taiwan.

Segments

By Applications

  • Display
    • Smartwatch
    • Near-to-Eye (NTE) Device
    • Television
    • Smartphone and Tablet
    • Head-up Display (HUD)
    • Laptop and Monitor
    • Digital Signage
  • Lighting
    • General Lighting
    • Automotive Lighting

By Panel Sizes

  • Micro Display
  • Small and Medium-sized Panel
  • Large Panel

By Verticals

  • Consumer Electronics
  • Automotive
  • Advertising (Digital Signage)
  • Aerospace & Defense
  • Others

By Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

By Key Players

  • Aledia
  • Apple Inc.
  • eLux, Inc.
  • Glo AB
  • LG Display
  • PlayNitride Inc.
  • Rohinni LLC
  • Samsung Electronics Co. Ltd.
  • Sony Corporation
  • VueReal
  • Oculus VR (InfiniLED) (US)
  • Epistar Corporation (Taiwan)

Competitive Landscape

Major players in the global micro-LED market include Aledia, Apple Inc., eLux, Inc., Glo AB, LG Display, PlayNitride Inc., Rohinni LLC, Samsung Electronics Co. Ltd., Sony Corporation, VueReal, Oculus VR (InfiniLED) (US), and Epistar Corporation (Taiwan).

Global Micro LED Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro-LED Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Micro-LED Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Micro-LED Market - Supply Chain
  4.5. Global Micro-LED Market Forecast
     4.5.1. Micro-LED Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Micro-LED Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Micro-LED Market Absolute $ Opportunity
5. Global Micro-LED Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Micro-LED Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Micro-LED Demand Share Forecast, 2019-2026
6. North America Micro-LED Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Micro-LED Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Micro-LED Demand Share Forecast, 2019-2026
7. Latin America Micro-LED Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Micro-LED Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Micro-LED Demand Share Forecast, 2019-2026
8. Europe Micro-LED Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Micro-LED Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Micro-LED Demand Share Forecast, 2019-2026
9. Asia Pacific Micro-LED Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Micro-LED Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Micro-LED Demand Share Forecast, 2019-2026
10. Middle East & Africa Micro-LED Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Micro-LED Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Micro-LED Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Micro-LED Market: Market Share Analysis
  11.2. Micro-LED Distributors and Customers
  11.3. Micro-LED Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Aledia
     11.4.2. Apple Inc.
     11.4.3. eLux, Inc.
     11.4.4. Glo AB
     11.4.5. LG Display
     11.4.6. PlayNitride Inc.
     11.4.7. Rohinni LLC
     11.4.8. Samsung Electronics Co. Ltd.
     11.4.9. <

By Applications

  • Display
    • Smartwatch
    • Near-to-Eye (NTE) Device
    • Television
    • Smartphone and Tablet
    • Head-up Display (HUD)
    • Laptop and Monitor
    • Digital Signage
  • Lighting
    • General Lighting
    • Automotive Lighting

By Panel Sizes

  • Micro Display
  • Small and Medium-sized Panel
  • Large Panel

By Verticals

  • Consumer Electronics
  • Automotive
  • Advertising (Digital Signage)
  • Aerospace & Defense
  • Others

By Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

By Key Players

  • Aledia
  • Apple Inc.
  • eLux, Inc.
  • Glo AB
  • LG Display
  • PlayNitride Inc.
  • Rohinni LLC
  • Samsung Electronics Co. Ltd.
  • Sony Corporation
  • VueReal
  • Oculus VR (InfiniLED) (US)
  • Epistar Corporation (Taiwan)

Major players in the global micro-LED market include Aledia, Apple Inc., eLux, Inc., Glo AB, LG Display, PlayNitride Inc., Rohinni LLC, Samsung Electronics Co. Ltd., Sony Corporation, VueReal, Oculus VR (InfiniLED) (US), and Epistar Corporation (Taiwan).

Global Micro LED Market Key Players

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