Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global GaN Micro LED Market by Type (Low Power (0.15 to 0.7W), Mid Power (0.7 to 1W), High Power (1 to 6W), Ultra-High Power (Above6W)), By Application (Consumer Electronics, Automotive, Aerospace & Defense, Sports & Entertainment, Healthcare, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global GaN Micro LED Market by Type (Low Power (0.15 to 0.7W), Mid Power (0.7 to 1W), High Power (1 to 6W), Ultra-High Power (Above6W)), By Application (Consumer Electronics, Automotive, Aerospace & Defense, Sports & Entertainment, Healthcare, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 155965 3300 Machinery & Equipment 377 234 Pages 4.9 (43)
                                          

Market Overview:


The global GaN micro LED market is expected to grow at a CAGR of over 36% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and high-performance displays across different applications. Additionally, the growing demand for miniaturized and lightweight displays is also contributing to the growth of this market. Based on type, low power (0.15 to 0.7W), mid power (0.7 to 1W), high power (1 to 6W), and ultra-high power (>6W) are some of the segments in this market. Among these, low power segment is expected witness highest CAGR during forecast period owing its adoption in consumer electronics application such as smartphones, tablets, laptops etc.


Global GaN Micro LED Industry Outlook


Product Definition:


A GaN micro LED is a tiny light-emitting diode (LED) that is made of gallium nitride (GaN). These LEDs are often used in displays and sensors. Compared to other types of LEDs, GaN micro LEDs have the potential to offer higher brightness, longer life spans and lower power consumption.


Low Power (0.15 to 0.7W):


Low power (0.15 to 0.7W) is the current level which can be achieved with a single LED in GaN micro lightening market and it's expected to grow at a CAGR of XX% from 2018 to 2025. The growth factor for this segment is due to the fact that these LEDs are used in numerous applications such as traffic signals, decorative lighting, general illumination etc.


Mid Power (0.7 to 1W):


The global mid power (0.7 to 1W) and low power ( below 0.3W) LED market size was valued at USD 3, both in terms of volume and revenue, in 2018. The growth is attributed to the increasing adoption of LEDs across various applications such as automotive & transportation, consumer electronics, industrial lighting among others owing to their longer lifespan & lower operational costs as compared to conventional lamps along with reduced energy consumption levels.


Application Insights:


The consumer electronics segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing demand for LED products in smartphones, wearable devices, televisions and digital appliances has been a major factor driving product demand. Increasing penetration of smart home systems is also projected to have a positive impact on industry growth over the next eight years.


The automotive sector was one of the fastest-growing application segments owing to increasing adoption of advanced safety features such as adaptive front lighting, headlamp beam assistant and lane departure warning system with micro LEDs. In addition, these lights are used for providing information regarding battery level through an indicator light which provides better visibility during night time drives thereby boosting product demand across all applications globally.


Regional Analysis:


North America dominated the global market in 2017, with a revenue share of over 35.0%. The regional growth is attributed to the presence of major companies such as Cree, Inc.; Texas Instruments Inc.; and Infineon Technologies along with high adoption rate for advanced technology products. Moreover, increasing demand for energy-efficient lighting solutions coupled with growing awareness regarding environmental impacts associated with conventional lighting solutions is expected to drive industry growth over the forecast period.


Asia Pacific region accounted for a significant revenue share in 2017 owing to rising product demand from countries such as China and India. Rapid industrialization along with increasing government initiatives towards infrastructure development has led to an increase in construction activities across Asia Pacific which will further propel product usage across various applications including signboards, street lights, and building exteriors among others leading to increased sales volume of micro LED devices within Asia Pacific region over the forecast period.


Growth Factors:


  • Increasing demand for miniaturization in consumer electronics
  • Rising demand for energy-efficient lighting solutions
  • Growing adoption of micro LEDs in automotive applications
  • Proliferation of augmented reality and virtual reality applications
  • Advances in GaN LED technology

Scope Of The Report

Report Attributes

Report Details

Report Title

GaN Micro LED Market Research Report

By Type

Low Power (0.15 to 0.7W), Mid Power (0.7 to 1W), High Power (1 to 6W), Ultra-High Power (Above6W)

By Application

Consumer Electronics, Automotive, Aerospace & Defense, Sports & Entertainment, Healthcare, Others

By Companies

Plessey, Google, Microsoft, Samsung, Aledia, Leti(CEA), Apple

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

234

Number of Tables & Figures

164

Customization Available

Yes, the report can be customized as per your need.


Global GaN Micro LED Market Report Segments:

The global GaN Micro LED market is segmented on the basis of:

Types

Low Power (0.15 to 0.7W), Mid Power (0.7 to 1W), High Power (1 to 6W), Ultra-High Power (Above6W)

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Consumer Electronics, Automotive, Aerospace & Defense, Sports & Entertainment, Healthcare, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Plessey
  2. Google
  3. Microsoft
  4. Samsung
  5. Aledia
  6. Leti(CEA)
  7. Apple

Global GaN Micro LED Market Overview


Highlights of The GaN Micro LED Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Low Power (0.15 to 0.7W)
    2. Mid Power (0.7 to 1W)
    3. High Power (1 to 6W)
    4. Ultra-High Power (Above6W)
  1. By Application:

    1. Consumer Electronics
    2. Automotive
    3. Aerospace & Defense
    4. Sports & Entertainment
    5. Healthcare
    6. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the GaN Micro LED Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global GaN Micro LED Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


GaN Micro LED is a type of LED that uses gallium nitride (GaN) as the semiconductor material. GaN Micro LEDs are smaller and more efficient than traditional LEDs, making them ideal for applications such as lighting, displays, sensors, and communication devices.

Some of the major companies in the gan micro led market are Plessey, Google, Microsoft, Samsung, Aledia, Leti(CEA), Apple.

The gan micro led market is expected to register a CAGR of 36%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. GaN Micro LED Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. GaN Micro LED Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. GaN Micro LED Market - Supply Chain
   4.5. Global GaN Micro LED Market Forecast
      4.5.1. GaN Micro LED Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. GaN Micro LED Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. GaN Micro LED Market Absolute $ Opportunity

5. Global GaN Micro LED Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. GaN Micro LED Market Size and Volume Forecast by Type
      5.3.1. Low Power (0.15 to 0.7W)
      5.3.2. Mid Power (0.7 to 1W)
      5.3.3. High Power (1 to 6W)
      5.3.4. Ultra-High Power (Above6W)
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global GaN Micro LED Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. GaN Micro LED Market Size and Volume Forecast by Application
      6.3.1. Consumer Electronics
      6.3.2. Automotive
      6.3.3. Aerospace & Defense
      6.3.4. Sports & Entertainment
      6.3.5. Healthcare
      6.3.6. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global GaN Micro LED Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. GaN Micro LED Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global GaN Micro LED Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. GaN Micro LED Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global GaN Micro LED Demand Share Forecast, 2019-2026

9. North America GaN Micro LED Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America GaN Micro LED Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America GaN Micro LED Market Size and Volume Forecast by Application
      9.4.1. Consumer Electronics
      9.4.2. Automotive
      9.4.3. Aerospace & Defense
      9.4.4. Sports & Entertainment
      9.4.5. Healthcare
      9.4.6. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America GaN Micro LED Market Size and Volume Forecast by Type
      9.7.1. Low Power (0.15 to 0.7W)
      9.7.2. Mid Power (0.7 to 1W)
      9.7.3. High Power (1 to 6W)
      9.7.4. Ultra-High Power (Above6W)
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America GaN Micro LED Demand Share Forecast, 2019-2026

10. Latin America GaN Micro LED Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America GaN Micro LED Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America GaN Micro LED Market Size and Volume Forecast by Application
      10.4.1. Consumer Electronics
      10.4.2. Automotive
      10.4.3. Aerospace & Defense
      10.4.4. Sports & Entertainment
      10.4.5. Healthcare
      10.4.6. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America GaN Micro LED Market Size and Volume Forecast by Type
      10.7.1. Low Power (0.15 to 0.7W)
      10.7.2. Mid Power (0.7 to 1W)
      10.7.3. High Power (1 to 6W)
      10.7.4. Ultra-High Power (Above6W)
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America GaN Micro LED Demand Share Forecast, 2019-2026

11. Europe GaN Micro LED Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe GaN Micro LED Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe GaN Micro LED Market Size and Volume Forecast by Application
      11.4.1. Consumer Electronics
      11.4.2. Automotive
      11.4.3. Aerospace & Defense
      11.4.4. Sports & Entertainment
      11.4.5. Healthcare
      11.4.6. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe GaN Micro LED Market Size and Volume Forecast by Type
      11.7.1. Low Power (0.15 to 0.7W)
      11.7.2. Mid Power (0.7 to 1W)
      11.7.3. High Power (1to 6W)
      11.7.4. Ultra-High Power (Above6W)
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe GaN Micro LED Demand Share, 2019-2026

12. Asia Pacific GaN Micro LED Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific GaN Micro LED Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific GaN Micro LED Market Size and Volume Forecast by Application
      12.4.1. Consumer Electronics
      12.4.2. Automotive
      12.4.3. Aerospace & Defense
      12.4.4. Sports & Entertainment
      12.4.5. Healthcare
      12.4.6. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific GaN Micro LED Market Size and Volume Forecast by Type
      12.7.1. Low Power (0.15 to 0.7W)
      12.7.2. Mid Power (0.7 to 1W)
      12.7.3. High Power (1 to 6W)
      12.7.4. Ultra-High Power (Above6W)
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific GaN Micro LED Demand Share, 2019-2026

13. Middle East & Africa GaN Micro LED Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa GaN Micro LED Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa GaN Micro LED Market Size and Volume Forecast by Application
      13.4.1. Consumer Electronics
      13.4.2. Automotive
      13.4.3. Aerospace & Defense
      13.4.4. Sports & Entertainment
      13.4.5. Healthcare
      13.4.6. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa GaN Micro LED Market Size and Volume Forecast by Type
      13.7.1. Low Power (0.15 to 0.7W)
      13.7.2. Mid Power (0.7 to 1W)
      13.7.3. High Power (1 to 6W)
      13.7.4. Ultra-High Power (Above6W)
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa GaN Micro LED Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global GaN Micro LED Market: Market Share Analysis
   14.2. GaN Micro LED Distributors and Customers
   14.3. GaN Micro LED Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Plessey
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Google
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Microsoft
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Samsung
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Aledia
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Leti(CEA)
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Apple
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. COMPANY8
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. COMPANY9
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. COMPANY 10
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. COMPANY 11
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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