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Global Micro-LED Market- By Product (Large Scale Display, Small & Medium-sized Display, and Micro Display), By Application (Smartphone & Tablet, PC & Laptop, TV, Smartwatch, and Others), By Industry Vertical (Consumer Electronics, Entertainment & Sports, Automotive, Retail, Government & Defense, and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2022-2030.
Global Micro-LED Market Overview:
The global micro-LED market is estimated to increase market value by USD 25,456.46 million in 2030, with an exponential CAGR of 76.9% in the forecast period from 2022-2030, and it was valued at USD 819.83 million in 2022. Micro-LED is a flat panel display technology. Micro-LED displays consist of arrays of microscopic LEDs forming the individual pixel elements. Micro-LED exhibitions propose better contrast, response times, and energy efficiency than universal LCD technology. It mainly offers less energy and infinite contrast ratio requirements than conventional LCD systems.Global Micro-LED Market Insights
The market demand for micro-LED is fueling due to the commercial potential of micro LEDs in key application areas, including AR/ VR, reminder displays, smartwatches, mobile phones, and tablets. The factor driving the growth of the global miniature light-emitting diode (LED) market is the integration of miniature LEDs in televisions. Some TV manufacturers have begun to develop TV prototypes of micro LEDs that provide higher brightness and incredibly deep HDR tones. These LEDs are expected to have a longer lifespan than OLED panels because there is no effect of natural degradation. These advantages are expected to increase the adoption of micro LEDs for TVs. The demand for miniature LED displays with small sizes and excellent visual effects is booming worldwide. Global display manufacturers choose micro-LED solutions to improve the consumer experience. The high pixel resolution of micro-LED displays can bring a unique image quality. Besides, the demand for display size reduction is more conducive to developing the micro-LED display market. However, the growth in demand for flexible and foldable display technologies has hindered the expansion of the micro-LED display market. The micro-LED display can provide higher contrast and performance through the micro-LED array. It uses gallium nitride (GaN) technology principles to ensure superior brightness, even brighter than OLED displays. Compared with traditional OLED displays, micro-LED displays provide 30 times the intensity and efficiency, and the response time is also faster. Moreover, the development of GaN-on-Si technology and other factors, such as the rapid development of technology and more and more strategic partnerships and cooperation, will significantly impact the growth of the microelectronic light-emitting diode (LED) market.Growth Driver
The Superior Performance of micro-LED
Extensive evaluation of working prototypes proves that micro-LED technology is superior to LCD and OLED. This is mainly due to the micro-LED applications having the advantages of small size, low weight, ultra-high resolution, and ultra-high brightness. Therefore, it will be favorable for applications such as near-eye AR / VR projectors and car reminder displays.Demand for Bright Display
Due to the dramatic increase in the production cost of LCD and OLED panels at more than 100 inches at this stage, the Micro LED TV allowed it to cut in. When the technology and production process of Micro LED mature, there will be opportunities to cut into mainstream sizes. In addition to increasing brightness and contrast, JDC pixel-by-pixel pulse width modulation technology is very suitable for Micro LEDs as digital switching allows accurate coloring. Besides, a single on-state current will provide a single stable color.By Product Type Segmental Analysis
Based on the Product type, the global micro-LED market is segmented into Large Scale Display, Small & Medium-sized Display, and Micro Display. The microdisplay segment is estimated to dominate the maximum share of the global micro-LED market. The global commercialization of micro-LED displays is still in the emerging stage. The demand for brighter and more energy-efficient displays is expected to drive market development within the forecast period. The implementation of micro-LED arrays is currently at its peak, providing higher pixel resolution and energy efficiency. Display manufacturers are likely choosing micro-LED solutions to improve the overall consumer experience. The high transmittance of micro-LED displays is also due to their high pixel resolution and image quality.By Application Segmental Analysis
Based on the application, the global micro-LED market is classified into Smartphones & tablets, PCs & laptops, TVs, smartwatches, and Others. The smartwatch segment dominated the largest market share in the global micro-LED market. It is mainly due to deficient power consumption and ultra-bright brightness, making micro LEDs the best choice for wearable displays such as smartwatchesBy Industry Vertical Segmental Analysis
Based on the industry vertical, the global micro-LED market segmented into Consumer Electronics, Entertainment & Sports, Automotive, Retail, Government & Defense, and Others. The consumer electronic segment contributes the largest share in the global micro-LED market. It is mainly due to the use of micro-LED in various consumer electronic goods such as smartphones, smartwatches, TVs, laptop. Therefore, growing micro-LED adoption is a rising market share and propelling the market demand for consumer electronics in the global micro-LED market.By Region Segmental Analysis
Based on geography, the global micro-LED market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is the world’s fastest-growing global micro-LED market, accounting for the largest share. This is mainly due to the emerging disposable income of the consumer and the rising adoption of electric devices such as smartphones, TVs, and other electronic gadgets. Moreover, emerging technology advancement also contributes to the increasing market value of micro-LED in the Asia Pacific.Competitor Analysis
Companies such as Apple Inc. (LuxVue), Oculus VR (InfiniLED), Sony Corp., Samsung Electronics Co., Ltd., X-Celeprint Ltd., Epistar Corporation, GLO AB, VerLASE Technologies LLC, JBD Inc. (JB-Display), Aledia, Uniqarta, Inc., ALLOS Semiconductors GmbH Plessey Semiconductors Ltd, PlayNitride Inc., Mikro Mesa Technology Co., Ltd, VueReal Inc, Ostendo Technologies, Inc., Sharp Corporation (eLux Inc.), University of Sheffield (EpiPix Ltd.), Micledi, Microluce, Tianma, Visionox, and others are key players in the global micro-LED market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global micro-LED manufacturing companies
- Research organizations and consulting companies’ micro-LED
- Regulatory bodies
- In July 2023, Marelli Holdings Co. Ltd., an automotive parts supplier, presented the H-Digi Micro LED, a creative digital front lighting solution for many automobiles. The development delivers improved safety and adaptability, showcasing Marelli’s focus on further development of vehicle lighting technology.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Product- Large-scale Display
- Small- & Medium-sized Display
- Micro Display
- Smartphone & Tablet
- TV
- PC & laptop
- Smartwatch
- Others
- Consumer Electronics
- Entertainment & Sports
- Automotive
- Retail
- Government & Defense
- Others
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10. PESTEL Analysis
- Global Micro-LED Market, 2017-2030
5.1. Market size & Forecast, 2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Product
5.2.1.1. Large-scale Display
5.2.1.2. Small- & Medium-sized Display
5.2.1.3. Micro-Display
5.2.2. By Application
5.2.2.1. Smartphone & Tablet
5.2.2.2. TV
5.2.2.3. PC & laptop
5.2.2.4. Smartwatch
5.2.2.5. Others
5.2.3. By Industry Vertical
5.2.3.1. Consumer Electronics
5.2.3.2. Entertainment & Sports
5.2.3.3. Automotive
5.2.3.4. Retail
5.2.3.5. Government & Defense
5.2.3.6. Others
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. The Middle East & Africa
5.2.4.5. South America
- North America Micro-LED Market, 2017-2030
6.1. North America Micro-LED Market size & Forecast, 2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.2. North America Micro-LED Market Share & Forecast, 2017-2030
6.2.1. By Product
6.2.1.1. Large-scale Display
6.2.1.2. Small- & Medium-sized Display
6.2.1.3. Micro-Display
6.2.2. By Application
6.2.2.1. Smartphone & Tablet
6.2.2.2. TV
6.2.2.3. PC & laptop
6.2.2.4. Smartwatch
6.2.2.5. Others
6.2.3. By Industry Vertical
6.2.3.1. Consumer Electronics
6.2.3.2. Entertainment & Sports
6.2.3.3. Automotive
6.2.3.4. Retail
6.2.3.5. Government & Defense
6.2.3.6. Others
6.2.4. By Country
6.2.4.1. U.S
6.2.4.2. Canada
6.2.4.3. Mexico
6.2.5. By Price Point Analysis
6.2.6. Company Market Share (Top 3-5)
6.2.7. Manufacturer & Distributor List (Top 5)
6.2.8. Economic Impact Study on North America Micro-LED Market
- Europe Micro-LED Market, 2017-2030
7.1. Europe Micro-LED Market size & Forecast, 2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.2. Europe Micro-LED Market Share & Forecast, 2017-2030
7.2.1. By Product
7.2.1.1. Large-scale Display
7.2.1.2. Small- & Medium-sized Display
7.2.1.3. Micro-Display
7.2.2. By Application
7.2.2.1. Smartphone & Tablet
7.2.2.2. TV
7.2.2.3. PC & laptop
7.2.2.4. Smartwatch
7.2.2.5. Others
7.2.3. By Industry Vertical
7.2.3.1. Consumer Electronics
7.2.3.2. Entertainment & Sports
7.2.3.3. Automotive
7.2.3.4. Retail
7.2.3.5. Government & Defense
7.2.3.6. Others
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. UK
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Rest of Europe
7.2.5. By Price Point Analysis
7.2.6. Company Market Share (Top 3-5)
7.2.7. Manufacturer & Distributor List (Top 5)
7.2.8. Economic Impact Study on Europe Micro-LED Market
- Asia Pacific Micro-LED Market, 2017-2030
8.1. Asia Pacific Micro-LED Market size & Forecast, 2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.2. Asia Pacific Micro-LED Market Share & Forecast, 2017-2030
8.2.1. By Product
8.2.1.1. Large-scale Display
8.2.1.2. Small- & Medium-sized Display
8.2.1.3. Micro-Display
8.2.2. By Application
8.2.2.1. Smartphone & Tablet
8.2.2.2. TV
8.2.2.3. PC & laptop
8.2.2.4. Smartwatch
8.2.2.5. Others
8.2.3. By Industry Vertical
8.2.3.1. Consumer Electronics
8.2.3.2. Entertainment & Sports
8.2.3.3. Automotive
8.2.3.4. Retail
8.2.3.5. Government & Defense
8.2.3.6. Others
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia pacific
8.2.5. By Price Point Analysis
8.2.6. Company Market Share (Top 3-5)
8.2.7. Manufacturer & Distributor List (Top 5)
8.2.8. Economic Impact Study on Asia-Pacific Micro-LED Market
- The Middle East & Africa Micro-LED Market, 2017-2030
9.1. The Middle East & Africa Micro-LED Market size & Forecast, 2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.2. The Middle East & Africa Micro-LED Market Share & Forecast, 2017-2030
9.2.1. By Product
9.2.1.1. Large-scale Display
9.2.1.2. Small- & Medium-sized Display
9.2.1.3. Micro-Display
9.2.2. By Application
9.2.2.1. Smartphone & Tablet
9.2.2.2. TV
9.2.2.3. PC & laptop
9.2.2.4. Smartwatch
9.2.2.5. Others
9.2.3. By Industry Vertical
9.2.3.1. Consumer Electronics
9.2.3.2. Entertainment & Sports
9.2.3.3. Automotive
9.2.3.4. Retail
9.2.3.5. Government & Defense
9.2.3.6. Others
9.2.4. By Country
9.2.4.1. Saudi Arabia
9.2.4.2. UAE
9.2.4.3. South Africa
9.2.4.4. Rest of The Middle East & Africa
9.2.5. By Price Point Analysis
9.2.6. Company Market Share (Top 3-5)
9.2.7. Manufacturer & Distributor List (Top 5)
9.2.8. Economic Impact Study on The Middle East & Africa Micro-LED Market
- South America Micro-LED Market, 2017-2030
10.1. South America Micro-LED Market size & Forecast, 2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.2. South America Micro-LED Market Share & Forecast, 2017-2030
10.2.1. By Product
10.2.1.1. Large-scale Display
10.2.1.2. Small- & Medium-sized Display
10.2.1.3. Micro-Display
10.2.2. By Application
10.2.2.1. Smartphone & Tablet
10.2.2.2. TV
10.2.2.3. PC & laptop
10.2.2.4. Smartwatch
10.2.2.5. Others
10.2.3. By Industry Vertical
10.2.3.1. Consumer Electronics
10.2.3.2. Entertainment & Sports
10.2.3.3. Automotive
10.2.3.4. Retail
10.2.3.5. Government & Defense
10.2.3.6. Others
10.2.4. By Country
10.2.4.1. Brazil
10.2.4.2. Argentina
10.2.4.3. Rest of South America
10.2.5. By Price Point Analysis
10.2.6. Company Market Share (Top 3-5)
10.2.7. Manufacturer & Distributor List (Top 5)
10.2.8. Economic Impact Study on South America Micro-LED Market
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company profile
11.7.1. Apple Inc. (LuxVue)
11.7.2. Oculus VR (InfiniLED)
11.7.3. Sony Corp
11.7.4. Samsung Electronics Co., Ltd
11.7.5. X-Celeprint Ltd.
11.7.6. Epistar Corporation
11.7.7. GLO AB
11.7.8. VerLASE Technologies LLC
11.7.9. JBD Inc. (JB-Display)
11.7.10. Aledia
11.7.11. Uniqarta, Inc.
11.7.12. ALLOS Semiconductors GmbH Plessey Semiconductors Ltd
11.7.13. PlayNitride Inc.
11.7.14. Mikro Mesa Technology Co., Ltd
11.7.15. VueReal Inc
11.7.16. Ostendo Technologies, Inc.
11.7.17. Sharp Corporation (eLux Inc.)
11.7.18. University of Sheffield (EpiPix Ltd.)
11.7.19. Micledi
11.7.20. Microluce
11.7.21. Tianma
11.7.22. Visionox
11.7.23. Other players
Frequently Asked Questions(FAQ)
The microdisplay segment is estimated to dominate the maximum share of the global micro-LED market.
The Asia Pacific is the world’s fastest-growing global micro-LED market, accounting for the largest share.
Companies such as Apple Inc. (LuxVue), Oculus VR (InfiniLED), Sony Corp., Samsung Electronics Co., Ltd., X-Celeprint Ltd., Epistar Corporation, GLO AB, VerLASE Technologies LLC, JBD Inc. (JB-Display), Aledia, Uniqarta, Inc., ALLOS Semiconductors GmbH Plessey Semiconductors Ltd, PlayNitride Inc., Mikro Mesa Technology Co., Ltd, VueReal Inc, Ostendo Technologies, Inc., Sharp Corporation (eLux Inc.), University of Sheffield (EpiPix Ltd.), Micledi, Microluce, Tianma, Visionox, and others are key players in the global micro-LED market.
The global micro-LED market was valued at USD 819.83 million in 2022, and it is expected to increase market value by USD 25,456.46 million in 2030 with an exponential CAGR of 76.9% in the forecast period from 2022 to 2030
