Market Overview:
Micro LED-based displays are anticipated to witness a significant growth over the forecast period. Increasing demand for miniaturization and higher pixel density in various applications is expected to drive the market growth. These displays offer advantages such as high brightness, contrast ratio, and viewing angles. They are also energy efficient and have a longer life span as compared to other display technologies. The global micro LED-based display market is segmented on the basis of type, application, and region. On the basis of type, it is classified into small sized display, medium sized display, and large size display. The small sized displays segment dominated the market in 2017 owing to their widespread use in smartphones and tablets. However, with increasing demand for larger screen sizes in televisions and other applications; the large size displays segment is projected to grow at a higher CAGR during 2018-2030. On the basis of application, it is divided into smartphone & tablet PC’s; TV’s; PC & laptop monitors; smartwatches; automotive head-up displays (HUD); medical devices such as endoscopes & microscopes; industrial equipment such as barcode readers & scanners etc.; retail signage ;and others including military/aerospace applications etc.
Product Definition:
Micro LED-based Display is a display technology that uses microscopic light-emitting diodes (LEDs) to create images. Micro LED-based Displays are important because they offer high resolution, low power consumption, and fast response times.
Small Sized Display:
Small-sized displays are expected to gain traction in the Micro LED-based display market owing to their advantages such as low power consumption, flexible form factor and high resolution. The technology is anticipated to replace OLED microdisplays in wearable devices and other IoT applications.
The growth of IoT has been explosive over the last few years with a massive rise in number of connected devices generating data that needs analytics.
Medium Sized Display:
Micro LED-based displays are expected to be used in various applications including signage, advertising, and digital screens. One of the major challenges in manufacturing such displays is controlling the light output from micro-LEDs as they are smaller than a wavelength of visible light. To overcome this challenge, researchers have developed a new approach that can control the size and shape of individual micro LEDs by changing their temperature.
Application Insights:
Based on application, the global market has been segmented into smartphone & tablet, TV, PC & laptop, smartwatch and others. The smartphone & tablet segment accounted for the largest share in 2017 owing to increasing demand from end-use applications such as smartphones and tablets. Moreover, growing demand for small size displays with high resolution is expected to drive the growth of this segment over the forecast period.
The smartwatch application is projected to witness significant growth during the forecast period owing to rising demand for wearable devices across various end-use industries such as healthcare and sports. Micro LED display offers a compact form factor that can be integrated easily into small wrist sizes without compromising with display quality or performance benefits offered by larger sized displays. Smartwatches are primarily driven by technological innovation coupled with advanced user interface which provides enhanced functionality compared to traditional watches available in the market at present times (2017).
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising disposable income, increasing smartphone penetration, and growing adoption of digital services. Rising demand for smartphones with high-quality displays is anticipated to drive regional market growth over the forecast period.
The Asia Pacific region has witnessed a significant increase in investments from foreign players such as LG Electronics Inc.; Samsung Group; Sony Corporation; Panasonic Corporation; and others owing to low production costs coupled with easy availability of labor, raw material, etc., which has driven down manufacturing cost per unit significantly in this region as compared to developed regions such as North America or Europe. This trend is expected to continue over the next eight years thereby driving industry expansion across this region during the same period.
Growth Factors:
- Increasing demand for miniaturized and energy-efficient displays
- Rising adoption of Micro LED technology in various applications
- Growing demand for transparent and flexible displays
- Proliferation of digital signage and augmented reality/virtual reality applications
- Technological advancements and innovations in the Micro LED display market
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro LED-based Display Market Research Report
By Type
Small Sized Display, Medium Sized Display, Large Size Display
By Application
Smartphone & Tablet, TV, PC & Laptop, Smartwatch, Others
By Companies
Samsung Electronics, Apple, Sony, Jbd, Lumens, LG Display, Innolux Corporation, VueReal, Plessey Semiconductors, AU Optronics, Lumiode, eLux, Inc.
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Micro LED-based Display Market Report Segments:
The global Micro LED-based Display market is segmented on the basis of:
Types
Small Sized Display, Medium Sized Display, Large Size Display
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
Smartphone & Tablet, TV, PC & Laptop, Smartwatch, 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:
- Samsung Electronics
- Apple
- Sony
- Jbd
- Lumens
- LG Display
- Innolux Corporation
- VueReal
- Plessey Semiconductors
- AU Optronics
- Lumiode
- eLux, Inc.
Highlights of The Micro LED-based Display Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small Sized Display
- Medium Sized Display
- Large Size Display
- By Application:
- Smartphone & Tablet
- TV
- PC & Laptop
- Smartwatch
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Micro LED-based Display 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
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Micro LED-based displays are a type of display technology that uses very small LEDs to create images. They are often used in devices like watches and smartwatches because they are thin and lightweight, which makes them easier to use than traditional displays. Micro LED-based displays also have high resolution, which means they can produce detailed images.
Some of the key players operating in the micro led-based display market are Samsung Electronics, Apple, Sony, Jbd, Lumens, LG Display, Innolux Corporation, VueReal, Plessey Semiconductors, AU Optronics, Lumiode, eLux, Inc..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro LED-based Display Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Micro LED-based Display Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro LED-based Display Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Micro LED-based Display Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Micro LED-based Display Market Size & Forecast, 2018-2028
4.5.1 Micro LED-based Display Market Size and Y-o-Y Growth
4.5.2 Micro LED-based Display Market Absolute $ Opportunity
Chapter 5 Global Micro LED-based Display Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Micro LED-based Display Market Size Forecast by Type
5.2.1 Small Sized Display
5.2.2 Medium Sized Display
5.2.3 Large Size Display
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Micro LED-based Display Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Micro LED-based Display Market Size Forecast by Applications
6.2.1 Smartphone & Tablet
6.2.2 TV
6.2.3 PC & Laptop
6.2.4 Smartwatch
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro LED-based Display Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Micro LED-based Display Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Micro LED-based Display Analysis and Forecast
9.1 Introduction
9.2 North America Micro LED-based Display Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Micro LED-based Display Market Size Forecast by Type
9.6.1 Small Sized Display
9.6.2 Medium Sized Display
9.6.3 Large Size Display
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Micro LED-based Display Market Size Forecast by Applications
9.10.1 Smartphone & Tablet
9.10.2 TV
9.10.3 PC & Laptop
9.10.4 Smartwatch
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Micro LED-based Display Analysis and Forecast
10.1 Introduction
10.2 Europe Micro LED-based Display Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Micro LED-based Display Market Size Forecast by Type
10.6.1 Small Sized Display
10.6.2 Medium Sized Display
10.6.3 Large Size Display
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Micro LED-based Display Market Size Forecast by Applications
10.10.1 Smartphone & Tablet
10.10.2 TV
10.10.3 PC & Laptop
10.10.4 Smartwatch
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Micro LED-based Display Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Micro LED-based Display Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Micro LED-based Display Market Size Forecast by Type
11.6.1 Small Sized Display
11.6.2 Medium Sized Display
11.6.3 Large Size Display
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Micro LED-based Display Market Size Forecast by Applications
11.10.1 Smartphone & Tablet
11.10.2 TV
11.10.3 PC & Laptop
11.10.4 Smartwatch
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Micro LED-based Display Analysis and Forecast
12.1 Introduction
12.2 Latin America Micro LED-based Display Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Micro LED-based Display Market Size Forecast by Type
12.6.1 Small Sized Display
12.6.2 Medium Sized Display
12.6.3 Large Size Display
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Micro LED-based Display Market Size Forecast by Applications
12.10.1 Smartphone & Tablet
12.10.2 TV
12.10.3 PC & Laptop
12.10.4 Smartwatch
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Micro LED-based Display Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Micro LED-based Display Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Micro LED-based Display Market Size Forecast by Type
13.6.1 Small Sized Display
13.6.2 Medium Sized Display
13.6.3 Large Size Display
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Micro LED-based Display Market Size Forecast by Applications
13.10.1 Smartphone & Tablet
13.10.2 TV
13.10.3 PC & Laptop
13.10.4 Smartwatch
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Micro LED-based Display Market: Competitive Dashboard
14.2 Global Micro LED-based Display Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung Electronics
14.3.2 Apple
14.3.3 Sony
14.3.4 Jbd
14.3.5 Lumens
14.3.6 LG Display
14.3.7 Innolux Corporation
14.3.8 VueReal
14.3.9 Plessey Semiconductors
14.3.10 AU Optronics
14.3.11 Lumiode
14.3.12 eLux, Inc.
