Micro-LED Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

  • Single User License $3500

Micro-LED Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : November, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Global Micro-LED Market: Overview

Micro-LED aka as mLED is a leap over widely used LCD technology. This is with respect to its greater contrast, faster response time, and less energy consumption. The mLED display consists of an array of microscopic LEDs that form the individual pixel elements.

Invented in 2000 by a group of researchers from the Texas Tech University, micro-LED is currently in a nascent stage and does not account for a mass production of displays. Nevertheless, micro-LED technology has the potential to challenged established technologies such as OLED and plasma.

Global Micro-LED Market: Key Trends

The rising demand for brighter and energy efficient display panel for a host of applications is the primary factor driving the micro-LED market. For example, micro-LED technology is suitable for small, low-energy devices such as smartphones and smartwatches. Micro LED is also used in lighting applications. The increasing applications of micro-LED technology, ceaseless penetration of near-to-eye devices, and rising interest of electronics giants such as Apple and Sony in micro-LED technology are some other factors driving the micro-LED market. Smartphones are expected to the leading contributor to the revenue of the micro-LED market over the forecast period. Furthermore, application of micro-LED in other industry sectors such as consumer electronics, automotive, retail, and education is also expected to benefit the micro-LED market.

Increasing demand for OLED displays, high adoption of flexible displays and increasing demand for folded displays for smartphones, and saturation in the shipment of TV and PC monitors are key restraints of the micro-LED market. Factors such as the need for micro-LED technology developers to adapt to a number of manufacturing processes so as to improve the mass transfer of micro-LEDs are further slowing the development of this market.

In terms of offering, the micro-LED market is segmented into micro-LED lighting and micro-LED display. The micro-LED display segment is further sub-segmented into micro display, small and medium size display, and large scale display. On the basis of type, display and lighting are the segments into which the micro-LED market is divided. The display segment is further sub-segmented into automotive, sports and entertainment, consumer electronics, defense, BFSI, retail, and education.

Global Micro-LED Market: Market Potential

Micro-LED technology, the newest of self-emitting display technology has come into the spotlight after Apple and Oculus both acquired Micro-LED companies. Furthering the move, Apple is set for a trial production run of micro-LED devices as it plans to roll out a small volume of micro LED products from its Taiwan-based plant by the end of the year. Apple Watch is the first in a line of products that are expected to be switched to micro-LED displays by the end of 2017. This is to be followed by iPhones and iPads or TVs as it looks beyond OLED displays.

Global Micro-LED Market: Regional Outlook

North America is expected to hold the leading share in the micro-LED market during the forecast period due to early adoption of newer display and lighting technology especially in the U.S. However Asia Pacific is expected to display the leading growth rate in the coming years as the region is home to key panel, LED, and brand product manufacturers. This, along with a large consumer base attracts companies to launch novel displays and lighting products in this region.

Global Micro-LED Market: Competitive Landscape

Major companies operating in the micro-LED market include Apple Inc., Oculus VR, and Sony Corp. Some other companies operating in the micro-LED market are VerLASE Technologies LLC, Ostendo Technoloies Inc., Aledia, Rohinni LLC, X-Celeprint Ltd., Cooledge Lighting Inc., GLO AB, and Epistar Corp. among others.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?