Market Overview:
Micro LED market is expected to witness a CAGR of over 50% during the forecast period 2018-2030. The growth in the micro LED market can be attributed to various factors such as technological advancements, miniaturization of LEDs, and increase in demand for energy-efficient lighting solutions. In terms of type, the micro LED display segment is expected to account for a major share of the global micro LED market during the forecast period. This can be attributed to increasing demand for high-resolution displays across different applications. In terms of application, consumer electronics is expected to account for a major share of the global micro LED market during the forecast period. This can be attributed to increasing demand for small form factor displays and lighting solutions from consumers across different regions.
Product Definition:
Micro LED is a type of LED that is very small in size. It is often used in displays and lighting applications. Micro LEDs are important because they offer high brightness, efficiency, and reliability. They can be used for a variety of applications, including televisions, smartphones, and automotive headlights.
Micro LED Display:
Micro LED display is a technology that involves the use of micro-sized light-emitting diodes (LEDs) as an alternative to the traditional LCD and plasma displays. The technology provides several benefits over these traditional display technologies, including higher contrast ratio, faster response time, energy efficiency and better viewing angle quality. Micro LED can be used in various applications such as digital signage, mobile devices & wearable electronics among others.
Micro LED Lighting:
Micro LED lighting is a new technology that has evolved from the research and development in the area of micro-LED (milli-LED) lighting. The technology provides various benefits such as high brightness, low power consumption, and longer life span compared to conventional LEDs. These benefits have increased its adoption rate across various industries including automotive, aerospace & defense, consumer electronics among others.
Application Insights:
The application segment includes consumer electronics, automotive, aerospace & defense, advertisement and others. The consumer electronics segment is expected to emerge as the fastest growing application over the forecast period owing to increasing demand for LED-based TVs and other gadgets. Micro LED display offers high contrast ratio, which makes it suitable for displaying images on a screen. This technology also provides better color rendering than conventional LCD/LED displays.
Micro LEDs have numerous applications in automobile lighting systems; they are used as indicators or turn indicators in front of vehicles or along with rear lights known as reverse lamps or back-up lamps (RLL).
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 region is home to several emerging economies, including China, India, South Korea and Taiwan. Rapidly expanding consumer electronics industry in these countries coupled with growing demand for energy-efficient products from consumers at large has been fueling the growth of micro LED display market in this region.
North America also held a significant share of global revenue owing to high adoption of advanced technologies across various industries including automotive, aerospace & defense and others. Moreover, presence of prominent players such as Cree Inc.; Signify Holdings; Opto 22; Lumentra Holdings Ltd.;and OSRAM GmbH are contributing significantly toward regional growth by introducing new product lines and distribution channels catering to U.S.
Growth Factors:
- Increasing demand for miniaturization in displays
- Development of new display architectures and technologies
- Proliferation of augmented reality and virtual reality applications
- Growing demand for transparent and flexible displays
- Emergence of micro LED-based televisions
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro LED Market Research Report
By Type
Micro LED Display, Micro LED Lighting
By Application
Consumer Electronics, Automotive, Advertisement, Aerospace & Defense, Others
By Companies
Apple (Luxvue), Sony, X-Celeprint, Samsung Electronics, Oculus VR (Infiniled), Epistar, Glo AB, Verlase Technologies, JBD Inc., Aledia, Apple (Luxvue), Uniqarta, Allos Semiconductors
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Micro LED Market Report Segments:
The global Micro LED market is segmented on the basis of:
Types
Micro LED Display, Micro LED Lighting
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, Advertisement, Aerospace & Defense, 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:
- Apple (Luxvue)
- Sony
- X-Celeprint
- Samsung Electronics
- Oculus VR (Infiniled)
- Epistar
- Glo AB
- Verlase Technologies
- JBD Inc.
- Aledia
- Apple (Luxvue)
- Uniqarta
- Allos Semiconductors
Highlights of The Micro LED 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:
- Micro LED Display
- Micro LED Lighting
- By Application:
- Consumer Electronics
- Automotive
- Advertisement
- Aerospace & Defense
- 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 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 is a type of LED that is smaller than traditional LEDs. They are often used in products that need to be small, such as lights and displays.
Some of the major players in the micro led market are Apple (Luxvue), Sony, X-Celeprint, Samsung Electronics, Oculus VR (Infiniled), Epistar, Glo AB, Verlase Technologies, JBD Inc., Aledia, Apple (Luxvue), Uniqarta, Allos Semiconductors.
The micro led market is expected to register a CAGR of 50%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro LED 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro LED 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 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 Market Size & Forecast, 2018-2028
4.5.1 Micro LED Market Size and Y-o-Y Growth
4.5.2 Micro LED Market Absolute $ Opportunity
Chapter 5 Global Micro LED 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 Market Size Forecast by Type
5.2.1 Micro LED Display
5.2.2 Micro LED Lighting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Micro LED 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 Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Automotive
6.2.3 Advertisement
6.2.4 Aerospace & Defense
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro LED 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America Micro LED 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 Market Size Forecast by Type
9.6.1 Micro LED Display
9.6.2 Micro LED Lighting
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 Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Automotive
9.10.3 Advertisement
9.10.4 Aerospace & Defense
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 Analysis and Forecast
10.1 Introduction
10.2 Europe Micro LED 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 Market Size Forecast by Type
10.6.1 Micro LED Display
10.6.2 Micro LED Lighting
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 Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Automotive
10.10.3 Advertisement
10.10.4 Aerospace & Defense
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Micro LED 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 Market Size Forecast by Type
11.6.1 Micro LED Display
11.6.2 Micro LED Lighting
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 Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Automotive
11.10.3 Advertisement
11.10.4 Aerospace & Defense
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America Micro LED 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 Market Size Forecast by Type
12.6.1 Micro LED Display
12.6.2 Micro LED Lighting
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 Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Automotive
12.10.3 Advertisement
12.10.4 Aerospace & Defense
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 Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Micro LED 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 Market Size Forecast by Type
13.6.1 Micro LED Display
13.6.2 Micro LED Lighting
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 Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Automotive
13.10.3 Advertisement
13.10.4 Aerospace & Defense
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 Market: Competitive Dashboard
14.2 Global Micro LED Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple (Luxvue)
14.3.2 Sony
14.3.3 X-Celeprint
14.3.4 Samsung Electronics
14.3.5 Oculus VR (Infiniled)
14.3.6 Epistar
14.3.7 Glo AB
14.3.8 Verlase Technologies
14.3.9 JBD Inc.
14.3.10 Aledia
14.3.11 Apple (Luxvue)
14.3.12 Uniqarta
14.3.13 Allos Semiconductors
