![Micro-LED Market Size, Industry Analysis By Display Size (Large Display, Small & Medium Display, Micro Display), By Application (Display [Smartwatch, NTE Device, Smartphone & Tablet, Television, Digital Signage, Monitor & Laptop, Others], Lighting [General Lighting, Automotive Lighting]) – Global, Trends, Share And Forecast 2023-2030](https://www.infinitivedataexpert.com/assets/img/infinitive-Report-Cover.png)
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The size of the global micro-LED market is anticipated to reach USD 35,470 million by 2030, growing at a CAGR of 81.8% from 2023 to 2030. The anticipated widespread use of micro-LED technology in NTE devices and high-end smartphones is one of the key reasons driving the micro-LED market forward throughout the anticipated period. Additionally, the market competition for micro-LED products would certainly benefit from the growing popularity of wearable gadgets like smartwatches and head-mounted displays (HMDs).
A new flat-panel display technology called micro-LED, often known as mLED or LED, uses arrays of small LEDs to produce the individual colour pixel components. In comparison to today's high-end OLED displays, micro-LED displays offer the benefit of manufacturing incredibly effective and artistically flexible displays. In addition, micro-LED displays offer better resolution, less latency, and energy efficiency than conventional LCD technology.
Micro-LED displays offer high-resolution light control and a high contrast ratio while using significantly less energy than conventional LCD displays. Due to their inorganic makeup, micro-LEDs last longer than OLEDs, enabling devices to display brighter images with a lower risk of screen fire. Despite the sale of micro-LED display walls by Sony, Samsung, and Konka as of 2021, micro-LED displays were not yet mass-produced. LG, Tianma, PlayNitride, Jasper Display, Plessey Semiconductors Ltd., Ostendo Technologies, Inc., and Jade Bird Display are the companies working on it; it is still in the early phases. The superior eye comfort it offers compared to other display technologies is the main factor driving the rising demand for this display technology. This is achieved by using surface light, which enables flat light-ray scattering.
Driving Factors
The market for micro-LEDs is expanding as a result of rising consumer demand for high-end, technologically advanced audio and visual products, energy-efficient displays, as well as electronic devices made by major manufacturers like Apple, Sony, LG, and Panasonic. It helps manufacturers succeed in the traditional manufacturing methods for display technologies. Current technologies like OLED and LCD require enormous glass foundations, which all other materials must be put upon in turn. The wider the foundation used, the more economically viable the application.
Restraining Factors
However, the price of micro-LED displays is significantly higher than that of current display technologies like OLEDs and LEDs, which is anticipated to restrain market growth. Additionally, the energy loss brought on by the miniaturisation of micro-LED displays results in higher electricity prices, which limits market expansion.
Report Coverage
Global Micro-LED research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Micro-LED report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Micro-LED competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Micro-LED market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Micro-LED market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Micro-LED market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aledia SA, Mikro Mesa, Apple Inc., VueReal Inc, Sony Corporation, Samsung Electronics, X-Celeprint, Nanosys, eLux, Inc., Oculus VR, PlayNitride Inc., VueReal, Ostendo Technologies, Inc., MICLEDI, Avicena, Microluce, Epistar Corporation, Innolux Corporation, Jade bird display, Verlase Technologies, Rohinni, Nanosys, Inc., LG Display Co. Ltd, Allos Semiconductors, Plessey Semiconductors Ltd., Nanosys, Lumens.com, Inc.,
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Micro-LED market based on the below-mentioned segments:
Global Micro-LED Market, Size Analysis
Display
Lighting
Global Micro-LED Market, By End User
Global Micro-LED market, Regional Analysis
A new flat-panel display technology called micro-LED, often known as mLED or LED, uses arrays of small LEDs to produce the individual colour pixel components. In comparison to today's high-end OLED displays, micro-LED displays offer the benefit of manufacturing incredibly effective and artistically flexible displays. In addition, micro-LED displays offer better resolution, less latency, and energy efficiency than conventional LCD technology.
Micro-LED displays offer high-resolution light control and a high contrast ratio while using significantly less energy than conventional LCD displays. Due to their inorganic makeup, micro-LEDs last longer than OLEDs, enabling devices to display brighter images with a lower risk of screen fire. Despite the sale of micro-LED display walls by Sony, Samsung, and Konka as of 2021, micro-LED displays were not yet mass-produced. LG, Tianma, PlayNitride, Jasper Display, Plessey Semiconductors Ltd., Ostendo Technologies, Inc., and Jade Bird Display are the companies working on it; it is still in the early phases. The superior eye comfort it offers compared to other display technologies is the main factor driving the rising demand for this display technology. This is achieved by using surface light, which enables flat light-ray scattering.
Driving Factors
The market for micro-LEDs is expanding as a result of rising consumer demand for high-end, technologically advanced audio and visual products, energy-efficient displays, as well as electronic devices made by major manufacturers like Apple, Sony, LG, and Panasonic. It helps manufacturers succeed in the traditional manufacturing methods for display technologies. Current technologies like OLED and LCD require enormous glass foundations, which all other materials must be put upon in turn. The wider the foundation used, the more economically viable the application.
Restraining Factors
However, the price of micro-LED displays is significantly higher than that of current display technologies like OLEDs and LEDs, which is anticipated to restrain market growth. Additionally, the energy loss brought on by the miniaturisation of micro-LED displays results in higher electricity prices, which limits market expansion.
Report Coverage
Global Micro-LED research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Micro-LED report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Micro-LED competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Micro-LED market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Aledia SA, Mikro Mesa, Apple Inc., VueReal Inc, Sony Corporation, Samsung Electronics, X-Celeprint, Nanosys, eLux, Inc., Oculus VR, PlayNitride Inc., VueReal, Ostendo Technologies, Inc., MICLEDI, Avicena, Microluce, Epistar Corporation, Innolux Corporation, Jade bird display, Verlase Technologies, Rohinni, Nanosys, Inc., LG Display Co. Ltd, Allos Semiconductors, Plessey Semiconductors Ltd., Nanosys, Lumens.com, Inc., |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Micro-LED Market from 2021 to 2030.
- Market Forecast for Micro-LED Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Micro-LED competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Micro-LED
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Micro-LED market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Micro-LED market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aledia SA, Mikro Mesa, Apple Inc., VueReal Inc, Sony Corporation, Samsung Electronics, X-Celeprint, Nanosys, eLux, Inc., Oculus VR, PlayNitride Inc., VueReal, Ostendo Technologies, Inc., MICLEDI, Avicena, Microluce, Epistar Corporation, Innolux Corporation, Jade bird display, Verlase Technologies, Rohinni, Nanosys, Inc., LG Display Co. Ltd, Allos Semiconductors, Plessey Semiconductors Ltd., Nanosys, Lumens.com, Inc.,
Primary Target Market
- Market Players of Micro-LED
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Micro-LED market based on the below-mentioned segments:
Global Micro-LED Market, Size Analysis
Display
- Smartwatch
- NTE Device
- Smartphone & Tablet
- Television
- Digital Signage
- Monitor & Laptop
- Other
Lighting
- General Lighting
- Automotive Lighting
Global Micro-LED Market, By End User
- Consumer Electronics
- Entertainment & Advertisement
- Retail
- Automotive
- Aerospace & Defense
- Others
Global Micro-LED market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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