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Micro-LED Market (Application - Smartwatch, Smartphone, Tablet, Laptop, and Others; Product - Small Micro-LED Display, Medium Micro-LED Display, and Large Micro-LED Display; End User - Consumer Electronics, Automotive, Aerospace, Defense, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : January, 2022

  • Rep Id : ICT003049

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the micro-LED market provides in-depth analysis of segments and sub-segments in the global as well as the regional micro-LED market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional micro-LED market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global micro-LED market. According to the report, the global micro-LED market is projected to reach USD 21723.8 million by 2027 from USD 600.5 million in 2021, growing at a CAGR of 81.86% over the forecast period of 2021-2027.

 

Market Insight

The fourth-generation display technology is evolving greatly over the past few years due to the advancements in technology. The players in the electronic industry are offering new products catering to various demands of consumers. The Micro-LED display products have gathered significant attention from the consumers. Moreover, with increasing modular technology, the demand for Micro-LED has also increased in which the installs are flexible, offering the ability to customize the display to a variety of sizes and designs which offers eye-comfort to the consumer that comes with a Micro LED display. The market players in Micro-LED Market are offering micro-LED displays in a wide range of products including smartphones & tablets, TV, Smartwatches, PC and Laptops, and many others. Furthermore, the market players are also giving options in display through different products which are having Large-scale Display, Small- & Medium-sized Display, and Micro Display

 

The rising awareness regarding the health concern benefits among the consumers is the major driving factor for the market growth of Micro LED. Micro LED offers perfect blacks, excellent color, and near-perfect off-angle viewing, just like OLED. Micro-LED has excellent properties in technology which are enhanced with color saturation, ultra-definition, and ultimate picture quality, Lighting with higher brightness is possible which is lower costs has changed the buying behavior of the consumers across the world. A large number of electronic manufacturers prefer micro-LED display technology. For smartphones, cameras, television, and AR/VR devices as the use of micro-LED displays are increasing. LED displays are used in high-cost consumer electronics which can slightly increase the market price which will make the product expensive. Nevertheless, the development in Micro-LED products is expected to provide growth opportunities to the electronic market in the upcoming future

 

Asia Pacific generated the largest revenue in the global micro-LED market in 2020 and is expected to remain the leading market over the forecast years. The increasing interest of electronic giants in APAC in adopting micro-LED technology is majorly driving the growth of the Asia Pacific region. The cost of the micro-LED display is considerably high as compared to the conventional display technologies such as OLEDs and LEDs is further augmenting the growth of the Micro-LED market. Incandescent lights are replaced by LED lighting in emerging economies such as India and China, which contributes significantly to the region's market. Furthermore, the North American region is expected to grow at the fastest rate in the Micro-LED market over the forecast period. The growing number of advanced smartphones in Latin America has been attributed to the compact size and high micro-LED display resolutions as well as immense investments made by various smartphone manufacturers to integrate micro-LED displays


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Segment Covered

The report on global micro-LED market covers segments such as application, product, and end user. On the basis of application, the sub-markets include smartwatch, smartphone, tablet, laptop, and others. On the basis of product, the sub-markets include small micro-LED display, medium micro-LED display, and large micro-LED display. On the basis of end user, the sub-markets include consumer electronics, automotive, aerospace, defense, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as ALEDia, Apple Inc., eLux Inc, LG Display’s, Sony, Jade Bird Display, Oculus VR, Samsung Electronics, Nanosys, and Epistar Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the micro-LED market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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