Micro-LED (Light-Emitting Diode) Market was valued at USD 1.06 billion in 2022 and is expected to reach USD 119.99 billion by 2030, and grow at a CAGR of 80.5% over the forecast period 2023-2030.
The light-emitting diode is denoted by the LED. When electrical energy passes through a semiconductor device, it emits light. LEDs are considered cutting-edge technology and are employed in energy-efficient lighting. When compared to halogen or incandescent bulbs, LED lighting helps to save money by reducing energy consumption by roughly 80%. They also include lifespan, high light quality, and endurance, making them useful in industries and living spaces such as modular lighting, work illumination, under-cabinet lighting, refrigerated case lighting, and recessed lamps.
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Micro-LED displays are advanced flat display technology that uses microscopic LED arrays to produce unmatched brightness and high-power efficiency. It uses gallium nitride to achieve exceptional brightness that extends beyond the OLED display. Micro-LED screens are 30 times brighter and more energy efficient than traditional OLED panels. The Micro-LED display also has other advantages, such as a larger integrated display, higher brightness, and a faster response time. Micro-LED display demand is still in its early stages around the world. Over time, the Micro-LED display market is likely to be driven by an increase in demand for energy-efficient and bright displays. Compact micro-LED screens with good viewing angles are in high demand around the world.
Brighter and power-efficient display
Increasing urban population
Inadequate supply chain
Head-mounted displays (hmds)
Different manufacturing process.
Over the years, the Micro-LED market has experienced phenomenal expansion. The sudden outbreak of the COVID-19 epidemic has had an influence on demand for micro-LED devices, particularly in 2020 and 2021. Companies have been obliged to adopt remote operations because of the outbreak. Work restrictions in practically all major countries to combat the spread of COVID-19 impacted the supply chain, interrupted manufacturing, and contributed to research and development, causing production delays.
BASED ON APPLICATION The market is segmented into Display and Lighting, according to the app. Half of the display received a significant portion of the Micro-LED market revenue in 2020. The growing rental of LED displays on numerous digital gadgets is driving market expansion. Micro-Led displays are now used in a variety of products, including smartwatches and smartphones.
BASED ON INDUSTRY Consumer electronics, advertising, automotive, aerospace and defense, and other industries make up the market. The Micro-LED market contributed a substantial amount of income to the Consumer Electronics segment. People's incomes are rising rapidly over the world, allowing them to purchase a variety of entertainment products such as televisions, smartphones, and a few more items. As a result, rising human income is predicted to propel this market segment forward.
BASED ON PANEL SIZE The market is split into Small and Medium Panels, Large Panels, and Micro Display. A major portion of the panel acquired a share of the Micro-LED market. Micro-LED technology's wide-area versatility is likely to enhance the use of very big displays. Furthermore, many micro-LED market participants provide the large-screen industry with the capacity to combine other functionalities and align with transparent and flexible display designs. Additionally, as the public's interest in movies and photography grows, so will the use of enormous display panels in movie theatres. As a result, during the projection period, this category is expected to increase significantly.
Aerospace and Defense
BY PANEL SIZE
Small and Medium-sized Panel
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North America, Europe, Asia Pacific, and Latin America, the Middle East, and Africa are the regions in which the market is divided. With the biggest revenue share, Asia-Pacific has emerged as the leading region in the Micro-LED market. Micro-LEDs are increasingly being used in goods by major electronics companies such as Samsung around the region. Furthermore, the presence of a substantial quantum dot market in the region will help the micro-LED industry flourish.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The top players in the Micro-LED (Light-Emitting Diode) Market are examined in this analysis, including their company strategy, financial status, and future products. Some key participants include: Apple, Oculus VR, Sony, Samsung Electronics, X-Celeprint, Nanosys, Jade bird display, Aledia, mikro mesa, verlase technologies, allos semiconductors and Other Players.
Apple-Company Financial Analysis
|Market Size in 2022
|US$ 1.06 Billion
|Market Size by 2030
|US$ 119.99 Billion
|CAGR of 80.5% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• By Application (Display, Lighting)
• By Industry (Consumer Electronics, Advertising, Automotive, Aerospace And Defense, Others)
• By Panel Size (Micro Display, Small And Medium-Sized Panel, Large Panel)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Apple , Oculus VR, Sony, Samsung Electronics, X-Celeprint, Nanosys, Jade bird display, Aledia, mikro mesa, verlase technologies, allos semiconductors and Other Players.
|• Brighter and power-efficient display
• Increasing urban population
|• Limited patents
• Inadequate supply chain
The Micro-LED (Light-Emitting Diode) Market size was valued at 591.5 million in 2021 at a CAGR of 80.5%.
The top players in the Micro-LED (Light-Emitting Diode) Market are examined in this analysis, including their company strategy, financial status, and future products. Some key participants include: Apple , Oculus VR, Sony, Samsung Electronics, X-Celeprint, Nanosys, Jade bird display, Aledia, mikro mesa, verlase technologies, allos semiconductors and Other.
Brighter and power-efficient display and Increasing urban population are the drivers of the Micro-LED (Light-Emitting Diode) Market.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Micro-LED (Light-Emitting Diode) Market Segmentation, by application.
9. Global Micro-LED (Light-Emitting Diode) Market Segmentation, by Industry
9.2 Consumer Electronics
9.5 Aerospace and Defense
10. Global Micro-LED (Light-Emitting Diode) Market Segmentation, By panel size
10.2 Micro Display
10.3 Small and Medium-sized Panel
10.4 Large Panel
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1 Oculus VR.
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.4 Samsung Electronics
12.7 Jade bird display
12.9 mikro mesa
12.10 verlase technologies
12.11 allos semiconductors
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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Step 1: Secondary Research:
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Step 2: Primary Research
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