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Micro-LED Display Market by Manufacturing Material (Gallium Nitride, Sapphire, and Indium Gallium Nitride), Manufacturing Method (Chip Bonding, Wafer Bonding, and Transfer of Thin Film), Industry Vertical (Military, Healthcare, Electronics, and Others), Application (Smart Watches & Wearable, Virtual Reality: Augmented: Mixed Reality, Automotive HUD, and TV/Laptops & Convertibles) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Micro-LEDs are a class of displays in which individual pixels are formed by an array of microscopic light emitting diodes. Each of the self-emissive micro-LED display unit functions as a driving force to emit light, where the modules become smaller and brighter. Micro-LEDs are preferred to TFT LCD and OLED displays, owing to the quality of image and the improvement in the speed of response. Moreover, these LEDs d develop brighter and more efficient lighting as compared to OLEDs and LCDs.

Hypothetically, micro-LED displays can be produced in various sizes as per the consumer demand, but due to negative relation between yield rates and display resolution demands, they are being applied only to small-scale setups. This is substantiated by the announcement of micro-LED display production in the smart watches by Apple, probably by the end of 2017 and virtual reality application based Micro-LED displays by Samsung. Moreover, these displays have added advantages of less power consumption, increased brightness, ultrahigh definition picture quality, improved color saturation, and faster response rate. These displays, which are still to begin production on a mass scale, are expected to provide 25-40x reduction in the power consumption, thus providing a viable option as the ultimate end product in the smart displays industry. Presently, display manufacturers have focused on decreasing DPPM (defective parts per million) while manufacturing products. Moreover, it is not practically possible to manufacture products, including major subprocesses of displays manufacturers such as heteroepitaxy, chip manufacturing, and mass transfer, with zero defect rate. Thus, this factor is expected to hamper the market growth.

The market is segmented based on manufacturing material, manufacturing method, application, industry vertical, and geography. On the basis of manufacturing material, the market is categorized into gallium nitride, sapphire, and indium gallium nitride. By manufacturing method, it is classified into chip bonding, wafer bonding, and transfer of thin film. Based on industry vertical, it is divided into military, healthcare, electronics, and others. Applications covered in the study include smart watches & wearable, VR: augmented: mixed reality, automotive HUD, TV/laptops, and convertibles. The prominent companies operating in the market are Apple, Samsung, PlayNitride, VueReal, Oculus, LUXVue, SONY, mLED, X-Celeprint, and eLUX.

Key Benefits

  • The study provides an in-depth analysis of the micro-LED displays market with current and future trends to elucidate the imminent investment pockets in the market.
  • The report provides information about the key drivers, restraints, and opportunities with impact analysis.
  • Quantitative analysis of the current trends and future estimations from 2017 to 2023 are provided to showcase the financial caliber of the market.
  • Porters Five Forces model analysis of the industry illustrates the potency of the buyers & suppliers participating in the market.

Micro-LED Display Market Key Segmentation

By Manufacturing Material

  • Gallium Nitride
  • Sapphire
  • Indium Gallium Nitride

By Manufacturing Method

  • Chip Bonding
  • Wafer Bonding
  • Transfer of Thin Film

By Application

  • Smart Watches & Wearable
  • Virtual Reality: Augmented: Mixed Reality
  • Automotive HUD
  • TV/Laptops & Convertibles

By Industry Vertical

  • Defense
  • Healthcare
  • Electronics
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific

Key Players

  • Apple Inc.
  • Samsung
  • PlayNitride
  • VueReal Inc.
  • Oculus VR, LLC
  • LUXVue Technology Corporation
  • SONY Corporation
  • mLED Ltd.
  • X-Celeprint Ltd.
  • eLUX
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