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Micro-LED Market

Micro-LED Market Size, Share & Segmentation By Product (Small And Medium-Sized Panel, Micro Display, Large Panel) By Application (Display, Lighting) By Industry Vertical (Consumer Electronics, Retail, Aerospace And Defense, Advertising, Automotive, Others), By Regions And Global Forecast 2023-2030

Report Id: SNS/SEMI/1885 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Micro-LED Market Size was valued at USD 1.06 billion in 2022, and expected to reach USD 122.40 billion by 2030, and grow at a CAGR of 80.9% over the forecast period 2023-2030.

micro-LEDs are a display class where individual pixels are composed of a series of microscopic light-emitting diodes (LEDs). The Micro-LED display provides high-resolution uniformity for fine pixel pitch display. In addition, it added the benefits of low power consumption, increased brightness, ultrahigh-defined image quality, improved color complement, and faster response rate compared to OLEDs and LCDs.

Micro-LED Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Electronics giants are showing an increasing interest in micro-LED technology.

  • Micro-LED displays are becoming more popular in premium smartphones.

RESTRAINTS:

  • The flexible display market will experience rapid growth, as will the adoption of folded displays for smartphones.

  • Limited patents and an insufficient supply chain

OPPORTUNITIES:

  • Wearable displays for smartwatches and head-mounted displays are becoming increasingly popular (HMDs).

  • Micro-LED-based products have a high market penetration in the display panel market.

  • Micro-LED fabrication on large silicon wafers.

CHALLENGES: 

  • Low yield, high cost, and the need to improve micro-LED manufacturing and mass transfer processes.

  • High investment requirements, as well as the need for various manufacturing processes and equipment computability.

IMPACT OF COVID-19: 

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption. 

The Micro-LED market has been seeing tremendous growth over the years. The sudden outbreak of the COVID-19 epidemic has impacted the demand for micro-LED products, especially in 2020 and 2021. The epidemic has forced companies to pursue remote operations. Restrictions on work in almost all major countries to curb the spread of COVID-19 disrupted the supply chain, halted production activities, and contributed to research and development activities, leading to delays in production.

Based on Industry vertical, the micro-LED market is segmented into Consumer Electronics, Retail, Aerospace and Defense, Advertising, Automotive and Others. Among all of this Consumer Electronics is expected to grow at a very high CAGR at the time of forecasting. The consumer electronics market has seen the emergence of a large initial, and high R&D investment. Such developments are likely to result in significant growth in the micro-LED market.

COMPETITIVE LANDSCAPE:

The key players in micro-LED market are Apple, Sony, X-Celeprint, Jade bird display, mikro mesa, allos semiconductors, PlayNitride Inc., VueReal, Oculus VR, Samsung Electronics, Nanosys, Aledia, verlase technologies, LG Display, Rohinni LLC and other companies.

MARKET SEGMENT:

BY PRODUCT

  • Small and Medium-sized Panel

  • Micro Display

  • Large Panel

BY APPLICATION

  • Display

  • Lighting

BY INDUSTRY VERTICAL

  • Consumer Electronics

  • Retail

  • Aerospace and Defense

  • Advertising

  • Automotive

  • Others

Micro-LED Market Segment Chart

REGIONAL ANALYSIS:

APAC is expected to grow at the highest CAGR in the entire Micro-LED market. The rapid growth of the APAC micro-LED market is expected to drive the growing interest of APAC electronic giants in adopting micro-LED technology. For instance, Samsung, one of the electronics giants, has sold a number of products into digital signage. Samsung's "The Wall" is one of the premium micro products: LED Digital signage (advertising). Also, Sony has introduced a number of products that use micro-LED technology in the market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Micro-LED Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 1.06 Billion
Market Size by 2030 US$ 122.40 Billion
CAGR CAGR of 80.9% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Small And Medium-Sized Panel, Micro Display, Large Panel)
• By Application (Display, Lighting)
• By Industry Vertical (Consumer Electronics, Retail, Aerospace And Defense, Advertising, Automotive, Others)
Regional Analysis/Coverage 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)
Company Profiles Apple, Sony, X-Celeprint, Jade bird display, mikro mesa, allos semiconductors, PlayNitride Inc., VueReal, Oculus VR, Samsung Electronics, Nanosys, Aledia, verlase technologies, LG Display, Rohinni LLC and other companies.
Key Drivers • Electronics giants are showing an increasing interest in micro-LED technology.
• Micro-LED displays are becoming more popular in premium smartphones.
Restraints • The flexible display market will experience rapid growth, as will the adoption of folded displays for smartphones.
• Limited patents and an insufficient supply chain


Frequently Asked Questions (FAQ) :

The market value will be expected to reach USD 37.9 billion by 2028.

The market has been segmented with respect to product, industry vertical and application.

The Micro-LED market has been seeing tremendous growth over the years. The sudden outbreak of the COVID-19 epidemic has impacted the demand for micro-LED products, especially in 2020 and 2021.

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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

4.3 Impact of Recession

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Micro-LED Market Segmentation, by product

8.1Introduction

8.2 Small and Medium-sized Panel

8.3 Micro Display

8.4 Large Panel

 

9. Micro-LED Market Segmentation, by application

9.1 Introduction

9.2 Display

9.3 Lighting

 

10. Micro-LED Market Segmentation, by industry vertical

10.1 Introduction

10.2 Consumer Electronics

10.3 Retail

10.4 Aerospace and Defense

10.5 Advertising

10.6 Automotive

10.7 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 LG Display

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Apple

12.3 Sony

12.4 X-Celeprint

12.5 Jade bird display

12.6 mikro mesa

12.7 allos semiconductors

12.8 PlayNitride Inc.

12.9 VueReal

12.10 Oculus VR

12.11 Samsung Electronics

12.12 Nanosys

12.13 Aledia

12.14 verlase technologies

12.15Rohinni LLC

12.16 Other

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share Analysis

13.3 Recent Developments

 

14.Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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