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.
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