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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

4.1 (58 reviews)
Published: June 2021 ID: SMRC20601
4.1 (58 reviews)
Published: June 2021 ID: SMRC20601

This report covers the impact of COVID-19 on this global market
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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.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 409.00 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

87.3%

Predicted 2028 Value:

USD 61,947.74 million

Forecast Years:

2021-2028

Tables, Graphs & Figures

289

Chapters Covered:

Type, Product, Resolution and Brightness, Sector, Panel Size, Application, End User and Region

Core Drivers and Opportunities:

  • Increasing interest of electronics giants
  • Growing demand for brighter and more power-efficient display panels
  • Growing demand for wearable displays

Restraining Factors & Market Threats:

  • Rising demand for OLED
  • Requirement of huge investments


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.

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.

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