Micro LED Market, By Application (Display and Lighting), By End- User (Consumer Electronics, Automotive, Aerospace and Defense, Advertisement, and Other End Users), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI389320 | Publish Date: November 2023 | No. of Pages: 163

Global Micro Led Market By Overview

Introduction:

Micro LED is the emerging flat-panel display technology which is consist of the microscopic led arrays forms the individual pixel elements. Micro led offers better response times, energy efficiency and contrast while comparing with the widespread LCD technology. Further, the micro led can be integrated easily to sensors and circuits and increase the sensing capacity such as to the identification of the fingerprint and control over the gesture. 

Drivers and Restraints:

The rise in demand for bright and power-efficient display which is the major driving factor for the growth of the global market. Additionally, growth in consumer electronics which is the boosting factor for the growth of the target market. Also, the new and advanced development in the micro led electronics which is the propelling factor for the growth of the target market. For instance, in 2019, the apple launch future smartwatch. Moreover, the longer lifespan and the longer response time is another fueling factor for the growth of the global market. However, the increase in popularity of folded display in tabs and smartphones decreases the popularity of the micro led which is the major restraining factor for the global micro led market. Furthermore, the rise in demand for OLED gives tough competition to the micro led which is another hampering factor for the growth of the target market. 

Segmentation:

The global micro led market is segmented based on application, end-user, and region.

Based on application, the global market is classified into the display and alighting. The display is the dominating segment for the global micro led market due to the use of smartphone, smartwatches and near- to- eye devices have been increased in the population. Based on end-user, the target market is bifurcated into consumer electronics, automotive, aerospace and defence, advertisement, and other end users. Consumer electronics is the dominating segment for the target market due to more sales of electronics direct to the customers during the forecast period. 

Based on the region the global micro led market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is dominating region in micro led the market due to the high CAGR registration in the base year. The growing continuous demand for smartphones in the Asia-Pacific region. North America region shows significant growth during the forecast period. 

Key Players:                                                                                                  

The key players operating the global micro led market involves Apple, Inc. (Luxvue), Sony Corporation, LG Display Co. Ltd Intuitive Surgical, Inc., Aledia SA, Epistar Corporation, VerLASE Technologies, Rohinni LLC, Samsung Electronics Co. Ltd., JBD Inc., and Glo AB. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in 2018, Apple was reportedly working on micro-LED with the partnership with Taiwan Semiconductor Manufacturing Company, to introduce future Apple smartwatches.

Detailed Segmentation:

Global Micro Led Market, By Application:

  • Display
  • Lighting

Global Micro Led Market, By End- User:

  • Consumer Electronics
  • Automotive
  • Aerospace and Defense
  • Advertisement
  • Other End Users

Global Micro Led Market, By Region:

      • North America
        • North America Micro Led Market, By Application
        • North America Micro Led Market, By End- User
        • North America Micro Led Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Micro Led Market, By Application
        • Europe Micro Led Market, By End- User
        • Europe Micro Led Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Micro Led Market, By Application
        • Asia Pacific Micro Led Market, By End- User
        • Asia Pacific Micro Led Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
        • Latin America Micro Led Market, By Application
        • Latin America Micro Led Market, By End- User
        • Latin America Micro Led Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Micro Led Market, By Application
        • Middle East & Africa Micro Led Market, By End- User
        • Middle East & Africa Micro Led Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Company Profile:

  • Apple, Inc. (Luxvue)
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategy
  • Sony Corporation
  • LG Display Co. Ltd Intuitive Surgical, Inc.
  • Aledia SA
  • Epistar Corporation
  • VerLASE Technologies
  • Rohinni LLC
  • Samsung Electronics Co. Ltd
  • JBD Inc.
  • Glo AB

 “*” marked represents similar segmentation in other categories in the respective section

Key Issues Addressed

  • What is the total revenue potential of the global micro led market?
  • How that market is expected to grow during the study period?
  • What are some of the major growth opportunities in the micro led market?
  • Which companies are the major players in the micro led market?
  •  

Global Micro Led Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Micro Led Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Application
      • Market Snippet, By End- User
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Micro Led Market, By Application, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Display
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Lighting
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Micro Led Market, By End- User, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Consumer Electronics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Automotive
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Aerospace and Defense
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Advertisement
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other End- Users
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Micro Led Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End- User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End- User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End- User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End- User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End- User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
      • Apple, Inc. (Luxvue)
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategy
      • Sony Corporation
      • LG Display Co. Ltd Intuitive Surgical, Inc.
      • Aledia SA
      • Epistar Corporation
      • VerLASE Technologies
      • Rohinni LLC
      • Samsung Electronics Co. Ltd
      • JBD Inc.
      • Glo AB
  10. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The market report has been segmented based on application, end-user, and region.

The Micro LED Market is driven by factors such as the increasing demand for high-quality displays with superior brightness and energy efficiency, advancements in display technologies, the adoption of Micro LED in smartphones, TVs, and smartwatches, and the potential for flexible and transparent display applications.

The high manufacturing costs associated with Micro LED technology, technical challenges in mass production, competition from other display technologies, and the complexity of integrating Micro LED into various consumer electronic devices, acting as restraints for the Micro LED Market globally.

North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific, particularly Taiwan and South Korea, is expected to dominate the Micro LED Market, driven by the presence of major semiconductor and display manufacturers, significant investments in research and development, and the early adoption of Micro LED in consumer electronics.

The prominent player operating in the global micro led market includes Apple, Inc. (Luxvue), Sony Corporation, LG Display Co. Ltd Intuitive Surgical, Inc., Aledia SA, Epistar Corporation, VerLASE Technologies, Rohinni LLC, Samsung Electronics Co. Ltd., JBD Inc., and Glo AB.