Market Overview:
Micro LED lighting is a new technology which is used to produce light. It is a type of solid-state lighting that uses micro-LEDs arrays as the light source. These arrays are much smaller than traditional LEDs, and can be produced on a variety of substrates including silicon, glass, and plastic. Micro LED lighting has many advantages over traditional incandescent and fluorescent lights. They are more energy efficient, have a longer lifespan, and produce less heat. The global micro LED lighting market was valued at .1 billion in 2017 and is expected to reach .8 billion by 2030, growing at a CAGR of 24% from 2018 to 2030.
Product Definition:
Micro LED lighting is a new technology that uses tiny light-emitting diodes (LEDs) to create illumination. Micro LEDs are much smaller than traditional LEDs, which makes them ideal for use in devices such as smartphones, tablets, and wearable technology. Their small size also allows them to be used in innovative ways to create displays and lighting effects that were not possible with traditional LEDs.
Microdisplay:
Microdisplay is a display with a screen size below one inch. It can be used in various applications such as smartwatches, head-mounted displays (HMD), and virtual reality (VR) headsets. Microdisplays are expected to gain traction in the micro LED lighting market owing to their compact size, low power consumption, and high resolution.
Small and Medium-sized Panel:
Small and medium-sized panel are used in micro LED lighting market. Small panels are generally square shaped and have size up to 100x100 mm, medium-sized panel has size between 100x100mm to 1mx1m. These panels can be used as backlighting for LED or LCD display devices or they can be directly connected with an electronic device using a cable.
Application Insights:
The consumer electronics segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growing demand for LED-based displays in smartphones, televisions, set-top boxes (STB), and other smart devices is expected to drive growth over the coming years. MicroLEDs offer high picture quality, brightness, color rendering capabilities as well as a thin display panel size that can be mounted on flexible substrates such as plastic and glass. These characteristics are particularly beneficial for television sets where space scarcity is an important factor driving product adoption.
MicroLEDs have several potential applications across various end-use segments including automotive lighting systems, digital signage/screening rooms/theaters/exhibitions etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to increasing demand for digital signage, advertising, and retail displays in countries such as China and Japan. Furthermore, rising investments by companies such as Samsung Electronics Co., Ltd.; LG Display Co., Ltd.; TCL Corporation; Panasonic Corporation; Sony Corporation; and others are expected to drive the growth over the forecast period.
Europe accounted for more than 25% of revenue share in 2017 on account of high adoption rate of advanced technologies across major economies including Germany, U.K., France, Italy among other Eastern and Central European countries.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Proliferation of micro LED displays in consumer electronics products
- Growing demand for high-quality and durable lighting fixtures
- Technological advancements in micro LED technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro LED lighting Market Research Report
By Type
Microdisplay, Small and Medium-sized Panel, Large Panel
By Application
Consumer Electronics, Automotive, Advertising (Digital Signage), Aerospace and Defense
By Companies
Apple Inc., Oculus VR, Sony Corp., Samsung Electronics Co., Ltd., Epistar Corporation, GLO AB, VerLASE Technologies LLC, JBD Inc., Aledia, Uniqarta, Inc, ALLOS Semiconductors GmbH, Plessey Semiconductors Ltd., PlayNitride Inc., VueReal Inc., Konka, Visionox, Sharp Corporation
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Micro LED lighting Market Report Segments:
The global Micro LED lighting market is segmented on the basis of:
Types
Microdisplay, Small and Medium-sized Panel, Large Panel
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, Advertising (Digital Signage), Aerospace and Defense
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:
- Apple Inc.
- Oculus VR
- Sony Corp.
- Samsung Electronics Co., Ltd.
- Epistar Corporation
- GLO AB
- VerLASE Technologies LLC
- JBD Inc.
- Aledia
- Uniqarta, Inc
- ALLOS Semiconductors GmbH
- Plessey Semiconductors Ltd.
- PlayNitride Inc.
- VueReal Inc.
- Konka
- Visionox
- Sharp Corporation
Highlights of The Micro LED lighting 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:
- Microdisplay
- Small and Medium-sized Panel
- Large Panel
- By Application:
- Consumer Electronics
- Automotive
- Advertising (Digital Signage)
- Aerospace and Defense
- 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 lighting 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 lighting is a type of LED lighting that is smaller than traditional LEDs. They are often used in products like flashlights, headlamps, and micro-USB chargers because they are more efficient and last longer than traditional LEDs.
Some of the major players in the micro led lighting market are Apple Inc., Oculus VR, Sony Corp., Samsung Electronics Co., Ltd., Epistar Corporation, GLO AB, VerLASE Technologies LLC, JBD Inc., Aledia, Uniqarta, Inc, ALLOS Semiconductors GmbH, Plessey Semiconductors Ltd., PlayNitride Inc., VueReal Inc., Konka, Visionox, Sharp Corporation.
The micro led lighting market is expected to grow at a compound annual growth rate of 24%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro LED lighting 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 lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro LED lighting 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 lighting 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 lighting Market Size & Forecast, 2018-2028
4.5.1 Micro LED lighting Market Size and Y-o-Y Growth
4.5.2 Micro LED lighting Market Absolute $ Opportunity
Chapter 5 Global Micro LED lighting 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 lighting Market Size Forecast by Type
5.2.1 Microdisplay
5.2.2 Small and Medium-sized Panel
5.2.3 Large Panel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Micro LED lighting 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 lighting Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Automotive
6.2.3 Advertising (Digital Signage)
6.2.4 Aerospace and Defense
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro LED lighting 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 lighting 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 lighting Analysis and Forecast
9.1 Introduction
9.2 North America Micro LED lighting 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 lighting Market Size Forecast by Type
9.6.1 Microdisplay
9.6.2 Small and Medium-sized Panel
9.6.3 Large Panel
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 lighting Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Automotive
9.10.3 Advertising (Digital Signage)
9.10.4 Aerospace and Defense
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 lighting Analysis and Forecast
10.1 Introduction
10.2 Europe Micro LED lighting 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 lighting Market Size Forecast by Type
10.6.1 Microdisplay
10.6.2 Small and Medium-sized Panel
10.6.3 Large Panel
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 lighting Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Automotive
10.10.3 Advertising (Digital Signage)
10.10.4 Aerospace and Defense
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 lighting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Micro LED lighting 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 lighting Market Size Forecast by Type
11.6.1 Microdisplay
11.6.2 Small and Medium-sized Panel
11.6.3 Large Panel
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 lighting Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Automotive
11.10.3 Advertising (Digital Signage)
11.10.4 Aerospace and Defense
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 lighting Analysis and Forecast
12.1 Introduction
12.2 Latin America Micro LED lighting 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 lighting Market Size Forecast by Type
12.6.1 Microdisplay
12.6.2 Small and Medium-sized Panel
12.6.3 Large Panel
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 lighting Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Automotive
12.10.3 Advertising (Digital Signage)
12.10.4 Aerospace and Defense
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 lighting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Micro LED lighting 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 lighting Market Size Forecast by Type
13.6.1 Microdisplay
13.6.2 Small and Medium-sized Panel
13.6.3 Large Panel
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 lighting Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Automotive
13.10.3 Advertising (Digital Signage)
13.10.4 Aerospace and Defense
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 lighting Market: Competitive Dashboard
14.2 Global Micro LED lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple Inc.
14.3.2 Oculus VR
14.3.3 Sony Corp.
14.3.4 Samsung Electronics Co., Ltd.
14.3.5 Epistar Corporation
14.3.6 GLO AB
14.3.7 VerLASE Technologies LLC
14.3.8 JBD Inc.
14.3.9 Aledia
14.3.10 Uniqarta, Inc
14.3.11 ALLOS Semiconductors GmbH
14.3.12 Plessey Semiconductors Ltd.
14.3.13 PlayNitride Inc.
14.3.14 VueReal Inc.
14.3.15 Konka
14.3.16 Visionox
14.3.17 Sharp Corporation
