Micro Led Light Emitting Diode Market
Micro-LED (Light-Emitting Diode) Market Forecasts to 2028 – Global Analysis By Product (Large Sized Display, Microdisplay), Application (Display, Lighting System), End User (Electronics, Entertainment) and By Geography
According to Stratistics MRC, the Global Micro-LED (Light Emitting Diode) Market is accounted for $409.00 million in 2020 and is expected to reach $61,947.74 million by 2028 growing at a CAGR of 87.3% during the forecast period. The growing interest of electronics giants and increasing demand for brighter and more power-efficient display panels are driving the market growth. However, no established supply chain and the distributed patent portfolio may hamper the market growth.
Micro-LED (Light Emitting Diode) is a technology used in a display that consists of a microscopic light-emitting diode, it is arranged to form an individual pixel element. Each micro pixel of micro-LED emits light to produce the picture and add a different color.
Based on end-user, the consumer electronics segment is going to have lucrative growth during the forecast period due to the increasing adoption of micro-light emitting diode display panels in various consumer electronic devices, such as televisions, smartwatches, smartphones, laptops, and NTE devices.
By geography, Asia Pacific is going to have high growth during the forecast period due to the presence of display panel manufacturers, leading light-emitting diode foundries, and customers in the region. Recent technological advancements in micro-LED have led to an increased interest in leading APAC-based display panel manufacturers, such as Samsung, LG Display, AU Optronics, and BOE Technology.
Some of the key players profiled in the Micro-LED include ALLOS Semiconductors GmbH, Apple Inc, Cooledge Lighting Inc., Epistar Corporation, JBD Inc, Mikro Mesa Technology Co., Ltd, PlayNitride Inc, Plessey Semiconductors Ltd, PRP Optoelectronics, Samsung Electronics Co., Ltd., Sharp Corporation, Sony Corp., VerLASE Technologies LLC, Visionox, and X-Celeprint Ltd.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 409.00 million |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
87.3% |
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Predicted 2028 Value: |
USD 61,947.74 million |
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Forecast Years: |
2021-2028 |
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Tables, Graphs & Figures |
289 |
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Chapters Covered: |
Type, Product, Resolution and Brightness, Sector, Panel Size, Application, End User and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Types Covered:
• RGB (Red, Blue, Green ) Micro LED (Light-Emitting Diode)
• Blue Micro LED (Light-Emitting Diode)
• UV (Ultraviolet) Micro LED (Light-Emitting Diode)
Products Covered:
• Large Sized Display
• Microdisplay
• Small and Medium-Sized Display
Resolution and Brightness’s Covered:
• Brightness
• Resolution
Sectors Covered:
• Commercial
• Industrial
• Residential
Panel Sizes Covered:
• Below 2 inch
• 2-12 inch
• 12-55 inch
• 55-100 inch
• Above 100 inch
Applications Covered:
• Micro-LED (Light-Emitting Diode) Display
• Micro-LED (Light-Emitting Diode) Lighting System
End Users Covered:
• Advertising (Digital Signage)
• Aerospace & Defense
• Architecture & Construction
• Automotive
• Consumer Electronics
• Education
• Energy & Power
• Entertainment & Sports
• Residential
• Retail & Banking, Financial Services and Insurance (BFSI)
• Government
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Micro-LED (Light-Emitting Diode) Market is majorly driven by increasing interest of electronics giants, emergence of MEMS technology, and increasing adoption of advanced displays in head-up displays.
The consumer electronics segment is growing at a highest CAGR due to the adoption of micro-LED display panels in various consumer electronic devices.
North America dominated with a significant market share due to the increasing penetration of consumer electronic devices and creating lucrative opportunities for market players to launch products with micro-LED display technology.
Asia Pacific market is growing at a highest CAGR due to the presence of display panel manufacturers, leading light-emitting diode foundries and customers in the region.
Key players in Micro-LED (Light-Emitting Diode) Market include ALLOS Semiconductors GmbH, Apple Inc, Cooledge Lighting Inc., Epistar Corporation, JBD Inc, Mikro Mesa Technology Co., Ltd, PlayNitride Inc, Plessey Semiconductors Ltd, PRP Optoelectronics, Samsung Electronics Co., Ltd., Sharp Corporation, Sony Corp., VerLASE Technologies LLC, Visionox, and X-Celeprint Ltd.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Micro-LED (Light-Emitting Diode) Market, By Type
5.1 Introduction
5.2 RGB (Red, Blue, Green ) Micro LED (Light-Emitting Diode)
5.3 Blue Micro LED (Light-Emitting Diode)
5.4 UV (Ultraviolet) Micro LED (Light-Emitting Diode)
6 Global Micro-LED (Light-Emitting Diode) Market, By Product
6.1 Introduction
6.2 Large Sized Display
6.3 Microdisplay
6.4 Small and Medium-Sized Display
7 Global Micro-LED (Light-Emitting Diode) Market, By Resolution and Brightness
7.1 Introduction
7.2 Brightness
7.3 Resolution
8 Global Micro-LED (Light-Emitting Diode) Market, By Sector
8.1 Introduction
8.2 Commercial
8.3 Industrial
8.4 Residential
9 Global Micro-LED (Light-Emitting Diode) Market, By Panel Size
9.1 Introduction
9.2 Below 2 inch
9.3 2-12 inch
9.4 12-55 inch
9.5 55-100 inch
9.6 Above 100 inch
10 Global Micro-LED (Light-Emitting Diode) Market, By Application
10.1 Introduction
10.2 Micro-LED (Light-Emitting Diode) Display
10.2.1 Smartwatch
10.2.2 Near-to-Eye (NTE) Device
10.2.2.1 AR HMD (Augmented Reality Head-Mounted Display)/Mixed Reality
10.2.2.2 VR HMD (Virtual Reality Head-Mounted Display)
10.2.3 Television
10.2.3.1 <65” TVs (Televisions)
10.2.3.2 >65” TVs (Televisions) and video walls
10.2.4 Head-up Display (HUD)
10.2.5 Smartphone and Tablet
10.2.6 Laptop and PC (Personal Computer)/ Monitor
10.2.7 Digital Signage Display
10.2.8 Commercial Billboards
10.3 Micro-LED (Light-Emitting Diode) Lighting System
10.3.1 General Lighting
10.3.2 Automotive Lighting
11 Global Micro-LED (Light-Emitting Diode) Market, By End User
11.1 Introduction
11.2 Advertising (Digital Signage)
11.3 Aerospace & Defense
11.4 Architecture & Construction
11.5 Automotive
11.6 Consumer Electronics
11.7 Education
11.8 Energy & Power
11.9 Entertainment & Sports
11.10 Residential
11.11 Retail & Banking, Financial Services and Insurance (BFSI)
11.12 Government
12 Global Micro-LED (Light-Emitting Diode) Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 ALLOS Semiconductors GmbH
14.2 Apple Inc
14.3 Cooledge Lighting Inc.
14.4 Epistar Corporation
14.5 JBD Inc
14.6 Mikro Mesa Technology Co., Ltd
14.7 PlayNitride Inc
14.8 Plessey Semiconductors Ltd
14.9 PRP Optoelectronics
14.10 Samsung Electronics Co., Ltd.
14.11 Sharp Corporation
14.12 Sony Corp.
14.13 VerLASE Technologies LLC
14.14 Visionox
14.15 X-Celeprint Ltd
List of Tables
1 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Region (2019-2028) ($MN)
2 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Type (2019-2028) ($MN)
3 Global Micro-LED (Light-Emitting Diode) Market Outlook, By RGB (Red, Blue, Green )Micro LED (Light-Emitting Diode) (2019-2028) ($MN)
4 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Blue Micro LED (Light-Emitting Diode) (2019-2028) ($MN)
5 Global Micro-LED (Light-Emitting Diode) Market Outlook, By UV (Ultraviolet) Micro LED (Light-Emitting Diode) (2019-2028) ($MN)
6 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Product (2019-2028) ($MN)
7 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Large Sized Display (2019-2028) ($MN)
8 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Microdisplay (2019-2028) ($MN)
9 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Small and Medium-Sized Display (2019-2028) ($MN)
10 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Resolution and Brightness (2019-2028) ($MN)
11 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Brightness (2019-2028) ($MN)
12 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Resolution (2019-2028) ($MN)
13 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Sector (2019-2028) ($MN)
14 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Commercial (2019-2028) ($MN)
15 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Industrial (2019-2028) ($MN)
16 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Residential (2019-2028) ($MN)
17 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Panel Size (2019-2028) ($MN)
18 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Below 2 inch (2019-2028) ($MN)
19 Global Micro-LED (Light-Emitting Diode) Market Outlook, By 2-12 inch (2019-2028) ($MN)
20 Global Micro-LED (Light-Emitting Diode) Market Outlook, By 12-55 inch (2019-2028) ($MN)
21 Global Micro-LED (Light-Emitting Diode) Market Outlook, By 55-100 inch (2019-2028) ($MN)
22 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Above 100 inch (2019-2028) ($MN)
23 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Application (2019-2028) ($MN)
24 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Micro-LED (Light-Emitting Diode) Display (2019-2028) ($MN)
25 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Smartwatch (2019-2028) ($MN)
26 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Near-to-Eye (NTE) Device (2019-2028) ($MN)
27 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Television (2019-2028) ($MN)
28 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Head-up Display (HUD) (2019-2028) ($MN)
29 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Smartphone and Tablet (2019-2028) ($MN)
30 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Laptop and PC (Personal Computer)/ Monitor (2019-2028) ($MN)
31 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Digital Signage Display (2019-2028) ($MN)
32 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Commercial Billboards (2019-2028) ($MN)
33 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Micro-LED (Light-Emitting Diode) Lighting System (2019-2028) ($MN)
34 Global Micro-LED (Light-Emitting Diode) Market Outlook, By General Lighting (2019-2028) ($MN)
35 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Automotive Lighting (2019-2028) ($MN)
36 Global Micro-LED (Light-Emitting Diode) Market Outlook, By End User (2019-2028) ($MN)
37 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Advertising (Digital Signage) (2019-2028) ($MN)
38 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Aerospace & Defense (2019-2028) ($MN)
39 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Architecture & Construction (2019-2028) ($MN)
40 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Automotive (2019-2028) ($MN)
41 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Consumer Electronics (2019-2028) ($MN)
42 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Education (2019-2028) ($MN)
43 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Energy & Power (2019-2028) ($MN)
44 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Entertainment & Sports (2019-2028) ($MN)
45 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Residential (2019-2028) ($MN)
46 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Retail & Banking, Financial Services and Insurance (BFSI) (2019-2028) ($MN)
47 Global Micro-LED (Light-Emitting Diode) Market Outlook, By Government (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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