Micro-LED (Light-Emitting Diode) - Global Market Outlook (2020-2028)
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.
Estimated Market Size in 2020:
USD 409.00 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 61,947.74 million
Tables, Graphs & Figures
Type, Product, Resolution and Brightness, Sector, Panel Size, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• RGB (Red, Blue, Green ) Micro LED (Light-Emitting Diode)
• Blue Micro LED (Light-Emitting Diode)
• UV (Ultraviolet) Micro LED (Light-Emitting Diode)
• Large Sized Display
• Small and Medium-Sized Display
Resolution and Brightness’s Covered:
Panel Sizes Covered:
• Below 2 inch
• 2-12 inch
• 12-55 inch
• 55-100 inch
• Above 100 inch
• Micro-LED (Light-Emitting Diode) Display
• Micro-LED (Light-Emitting Diode) Lighting System
End Users Covered:
• Aerospace & Defense
• Architecture & Construction
• Consumer Electronics
• Energy & Power
• Entertainment & Sports
• Retail & Banking, Financial Services and Insurance (BFSI)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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.
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