0
2022
Micro-led Display Market

Micro-LED Display Market

by Product (Large scale Display, Small and Medium-sized Display, Micro Display), by Application (Smartphone and Tablet, PC and Laptop, TV, Smartwatch, Others), by Industry Vertical (Consumer Electronics, Entertainment and Sports, Automotive, Retail, Government and Defense, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030

Report Code: A01991
Pages: 260
Tables: 147
Charts: 60
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

The global micro-LED display market size was valued at $56.00 million in 2020, and is projected to reach $23.4 billion by 2030, growing at a CAGR of 77.1% from 2021 to 2030. 

Micro-LEDs are a class of displays in which individual pixels are formed by an array of microscopic light-emitting diodes (LEDs). Micro-LED display provides high wavelength uniformity for fine pixel pitch display. In addition, it has added advantages of less power consumption, increased brightness, ultrahigh definition picture quality, improved color saturation, and faster response rate as compared to OLEDs and LCDs.

The retail and automotive segment has been negatively impacted by the COVID-19 pandemic outbreak.

The global micro-LED display market growth is driven by rise in demand for bright and power-efficient display panels and increase in preference of electronic giants such as Sony and Apple toward micro-LEDs display. However, high cost of these displays is expected to restrain the market growth. On the contrary, rise in demand for consumer electronics is anticipated to provide lucrative growth opportunities for the market.

Micro-LED Display Market

SEGMENT OVERVIEW

The micro-LED display market analysis is provided on the basis of product, application, industry vertical, and region. On the basis of product, the market is divided into small- & large-scale display, small- & medium-sized display, and micro display. By application, it is categorized into smartphone & tablet, TV, PC & laptop, smartwatch, and others.

Micro-LED Display Market

Depending on industry vertical, it is fragmented into consumer electronics, entertainment & sports, automotive, retail, government & defense, and others. Region wise, the micro-LED display market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Micro-LED Display Market

TOP IMPACTING FACTORS

The significant impacting factors in the micro-LED display market include rise in demand for bright and power-efficient display panels and increase in preference for electronic giants toward micro-LED displays, which fuels the growth of the market. However, high cost of micro-LED display is expected to hinder the growth of the micro-LED display market. Conversely, upsurge in demand for the consumer electronics is projected to offer remunerative micro-LED display market opportunity. Each of these factors is anticipated to have a definite impact on the market during the forecast period.

Rise in demand for bright and power-efficient display panels

Micro-LED display is an emerging technology, which is a collection of microscopic LEDs that form an individual pixel element. It offers enhanced contrast over the traditional OLED and LED display technologies. In addition, the consumption of the power by micro-LED display is less as compared to the other technologies such as LEDs and OLEDs. Thus, rise in demand for such brighter and power-efficient devices fuels the growth of the micro-LED display industry.

Upsurge in demand for consumer electronics

Significant rise in demand for consumer electronics has been witnessed especially in the developing countries such as India, China, and others. Factors such as rise in disposable income and improvement in standard of living among middle class population propel the demand for consumer electronics. In addition, microLED display applications such as smartphones, microLED TV, laptops, smartwatches, and others in the consumer electronics segment are expected to rise rapidly during the forecast period. Thus, the emergence of such applications is projected to fuel the need of micro displays in the future.

COVID-19 IMPACT ANALYSIS

COVID-19 pandemic has adversely impacted the micro-LED display market as huge workforce of enterprises across the globe is working from home. This has LED to decline in advertising expenditure, which, in turn, reduced the demand for micro-LED displays. Although the COVID-19 pandemic has forced field work of several major projects to pause temporarily, the market is expected to remain robust with cumulative number of shipments being marginally unaffected in the next three-year period from 2020.

The global micro-LED display industry has been impacted by the COVID-19 outbreak. New projects throughout the world have been stalled, which, in turn, have affected demand in several industries including manufacturing, industrial, and retail. Although market players faced minimal impact on procuring raw materials, time and shipping costs was still a major concern.

Moreover, rise in investments in development of smart cities have gained importance during the pandemic, subsequently, the demand for micro-LED display is anticipated to gain momentum post-pandemic.

COMPETITIVE ANALYSIS

The key players profiled in the report include Aledia, Apple Inc., eLux, Inc., Glo AB, LG Display, PlayNitride Inc., Rohinni LLC, Samsung Electronics Co. Ltd., Sony Corporation, and VueReal. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their position in the micro-LED display market.

KEY BENEFITS FOR STAKEHOLDERS

  • This study comprises analytical depiction of the global micro-LED display size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall micro-LED display market outlook is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The micro-LED display market forecast is quantitatively analyzed from 2021 to 2030to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
  • The report includes the micro-LED display market share of key vendors and market trends.

Micro-LED Display Market Report Highlights

Aspects Details
By Product
  • Micro Display
  • Large scale Display
  • Small and Medium-sized Display
By Application
  • Smartphone and Tablet
  • PC and Laptop
  • TV
  • Smartwatch
  • Others
By Industry Vertical
  • Consumer Electronics
  • Entertainment and Sports
  • Automotive
  • Retail
  • Government and Defense
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (U.K., France, Germany, Russia, Rest of Europe)
  • Asia-Pacific  (China, South Korea, India, Japan, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Apple Inc., eLux Inc., Glo AB, VueReal, Aledia, Samsung Electronics Co. Ltd., Rohinni LLC, LG Display, Sony Corporation, PlayNitride Inc.
 

Loading Table Of Content...


 
 

The micro-LED display market holds high growth potential. This is attributed to the fact that in the current business scenario, there has been an increase in demand for brighter and more power-efficient display panels for several applications such as smartphones, TVs, PCs, and smartwatches. Companies in this industry have adopted various innovative techniques to provide customers with advanced and innovative product offerings.

The global micro-LED display market is expected to witness high growth rate in the future due to high efficiency offered by LEDs display and increase in preference of electronic giants towards micro-LED displays. However, high cost of micro-LED display impede the market growth.

Considering the regional trends of the micro-LED display market, North America is expected to account for the highest revenue in the global market throughout the forecast period. However, Asia-Pacific is expected to grow at a higher growth rate, predicting a lucrative market growth for micro-LED display industry.

The key players profiled in the report include Aledia, Apple Inc., eLux, Inc., Glo AB, LG Display, PlayNitride Inc., Rohinni LLC, Samsung Electronics Co. Ltd., Sony Corporation, and VueReal.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
Published Date :
Mar 2022
Author(s) : Asavari P , Vineet K
FREQUENTLY ASKED QUESTIONS?

A. The global micro-LED display market growth is driven by rise in demand for bright and power-efficient display panels and increase in preference of electronic giants such as Sony and Apple toward micro-LEDs display

A. By end user, consumer electronics segment is expected to dominate the global micro-LED display market.

A. North America is the largest regional market for Micro-LED Display Market.

A. The global micro-LED display market size was valued at $56 million in 2020.

A. The key players profiled in the report include Aledia, Apple Inc., eLux, Inc., Glo AB, LG Display, PlayNitride Inc., Rohinni LLC, Samsung Electronics Co. Ltd., Sony Corporation, and VueReal.

A. The key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their position in the micro-LED display market.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Sample
Related Tags

Purchase Full Report of
Micro-led Display Market

Start reading instantly.
This Report and over 71,231+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers