Micro LED Market: Trends, Opportunities and Competitive Analysis [2024-2030]
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Micr%li%LED Market Trends and Forecast
The future of the global micr%li%LED market looks attractive with opportunities in the consumer electronics, automotive, advertisement, and aerospace & defense industries. The global micr%li%LED market is expected t%li%reach an estimated $54.5 billion by 2030 with a CAGR of 66.4% from 2024 t%li%2030. The major drivers for this market are growth in smartphones and wearable devices and increasing demand for brighter and better display solutions.
A total of 87 figures / charts and 87 tables are provided in this 183-page report t%li%help in your business decisions. A sample figure with insights is shown below.
Micr%li%LED Market by Segment
In this market, large panel is the largest by panel size, whereas consumer electronics is the largest market by end use industry. Growth in various segments of the micr%li%LED market is given below:
The study includes trends and forecast for the global micr%li%LED market by application, panel size, end use industry, and region as follows:
By End Use Industry [$M shipment analysis from 2018 t%li%2030]:
? VR HMD
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies micr%li%LED companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the micr%li%LED companies profiled in this report includes.
Q1. What is the micr%li%LED market size?
Answer:The global micr%li%LED market is expected t%li%reach an estimated $54.5 billion by 2030 .
Q2. What is the growth forecast for micr%li%LED market?
Answer:The micr%li%LED market is expected t%li%grow at a CAGR of 64.4% from 2024 t%li%2030.
Q3. What are the major drivers influencing the growth of the micr%li%LED market?
Answer: The major drivers for this market are growth in smartphones and wearable devices and increasing demand for brighter and better display solutions.
Q4. What are the major applications or end use industries for micr%li%LED?
Answer:Display will remain the largest application and it is als%li%expected t%li%witness the highest growth over the forecast period as increasing demand for better display solutions in smartphones, smartwatches, and AR/VR devices.
Q5. What are the emerging trends in micr%li%LED market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include use of hyaluronic acid and retinols for anti-aging properties, micellar waters for water management, cannabis skincare as antioxidants, and probiotic skincare for delivering good bacteria t%li%the skin.
Q6. Wh%li%are the key micr%li%LED companies?
Answer:Some of the key micr%li%LED companies are as follows:
Answer:Asia Pacific is expected t%li%remain the largest region and witness the highest growth over next 5 years.
Q8. D%li%we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising, high-growth opportunities for the global micr%li%LED market by micr%li%LED end use industry (consumer electronics, automotive, advertisement, aerospace & defense, and others), Panel Size (micro-displays, small-sized & medium-sized, and large panels), Application (display and lighting) by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats t%li%the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Wh%li%are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat d%li%they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
For any questions related t%li%micr%li%LED market or related t%li%micr%li%LED market share, micr%li%LED market analysis, and micr%li%LED market size, write t%li%Lucintel analysts at [email protected]. We will be glad t%li%get back t%li%you soon.
Micr%li%LED Market Trends and Forecast
The future of the global micr%li%LED market looks attractive with opportunities in the consumer electronics, automotive, advertisement, and aerospace & defense industries. The global micr%li%LED market is expected t%li%reach an estimated $54.5 billion by 2030 with a CAGR of 66.4% from 2024 t%li%2030. The major drivers for this market are growth in smartphones and wearable devices and increasing demand for brighter and better display solutions.
A total of 87 figures / charts and 87 tables are provided in this 183-page report t%li%help in your business decisions. A sample figure with insights is shown below.
Micr%li%LED Market by Segment
In this market, large panel is the largest by panel size, whereas consumer electronics is the largest market by end use industry. Growth in various segments of the micr%li%LED market is given below:
The study includes trends and forecast for the global micr%li%LED market by application, panel size, end use industry, and region as follows:
By End Use Industry [$M shipment analysis from 2018 t%li%2030]:
- Consumer Electronics
- Automotive
- Advertisement
- Aerospace and Defense
- Others
- Micro-Display
- Small Sized and Medium Sized Panel
- Large Panel
- Display
- Near t%li%Eye Devices
? VR HMD
- Smartphones & Tablets
- Smartwatches
- Televisions
- Head-up display
- Monitors and Laptops
- Digital Signage
- Lighting
- General Lighting
- Automotive Lighting
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- Italy
- Asia Pacific
- Japan
- China
- India
- The Rest of the World
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies micr%li%LED companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the micr%li%LED companies profiled in this report includes.
- Apple Inc
- Samsung Electronics
- Sony Corporation
- Epistar Corporation
- Lumens
- Plessy Semiconductor
- X-Celeprint
- PlayNitride
- VerLASE Technologies LLC
- Plessey Semiconductor Ltd.
- JBD Inc.
- Ostend%li%Technologies, Inc.
- MICLEDI
- Microluce
- Lucintel forecasts that display will remain the largest application and it is als%li%expected t%li%witness the highest growth over the forecast period as increasing demand for better display solutions.
- Large panel will remain the largest segment by panel size and micr%li%display segment is als%li%expected t%li%witness the highest growth over the forecast period due t%li%increasing demand for smart phone and wearables devices.
- Asia Pacific will remain the largest region due t%li%increasing investment by electronics giants in global micr%li%led market. APAC is expected t%li%witness the highest growth over the forecast period supported by increasing demand for consumer electronics devices such as smartwatches, smart devices, and AR/VR devices, smartphones, televisions, and laptops.
- Market Size Estimates: Micr%li%LED market size estimation in terms of value ($M)
- Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis: Market size by various segments, such as end use industry, application, panel size, and regions in terms of value.
- Regional Analysis: Micr%li%LED market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different end use industries, application, panel size, and regions for the micr%li%LED market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the micr%li%LED market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Q1. What is the micr%li%LED market size?
Answer:The global micr%li%LED market is expected t%li%reach an estimated $54.5 billion by 2030 .
Q2. What is the growth forecast for micr%li%LED market?
Answer:The micr%li%LED market is expected t%li%grow at a CAGR of 64.4% from 2024 t%li%2030.
Q3. What are the major drivers influencing the growth of the micr%li%LED market?
Answer: The major drivers for this market are growth in smartphones and wearable devices and increasing demand for brighter and better display solutions.
Q4. What are the major applications or end use industries for micr%li%LED?
Answer:Display will remain the largest application and it is als%li%expected t%li%witness the highest growth over the forecast period as increasing demand for better display solutions in smartphones, smartwatches, and AR/VR devices.
Q5. What are the emerging trends in micr%li%LED market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include use of hyaluronic acid and retinols for anti-aging properties, micellar waters for water management, cannabis skincare as antioxidants, and probiotic skincare for delivering good bacteria t%li%the skin.
Q6. Wh%li%are the key micr%li%LED companies?
Answer:Some of the key micr%li%LED companies are as follows:
- Apple Inc
- Samsung Electronics
- Sony Corporation
- Epistar Corporation
- Lumens
- Plessy Semiconductor
- X-Celeprint
- PlayNitride
- VerLASE Technologies LLC
- Plessey Semiconductor Ltd.
- JBD Inc.
- Ostend%li%Technologies, Inc.
- MICLEDI
- Microluce
Answer:Asia Pacific is expected t%li%remain the largest region and witness the highest growth over next 5 years.
Q8. D%li%we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising, high-growth opportunities for the global micr%li%LED market by micr%li%LED end use industry (consumer electronics, automotive, advertisement, aerospace & defense, and others), Panel Size (micro-displays, small-sized & medium-sized, and large panels), Application (display and lighting) by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats t%li%the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Wh%li%are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat d%li%they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
For any questions related t%li%micr%li%LED market or related t%li%micr%li%LED market share, micr%li%LED market analysis, and micr%li%LED market size, write t%li%Lucintel analysts at [email protected]. We will be glad t%li%get back t%li%you soon.
1. EXECUTIVE SUMMARY
2. MICRO LED MARKET BACKGROUND AND CLASSIFICATION
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030
3.1: Macroeconomic Trends and Forecast
3.2: Global Micro LED Market Trends and Forecast
3.3: Global Micro LED Market by End Use Industry
3.3.1: Consumer Electronics
3.3.2: Automotive
3.3.3: Advertisement
3.3.4: Aerospace & Defense
3.3.5: Others
3.4: Global Micro LED Market by Panel Size
3.4.1: Micro Display
3.4.2: Small-Sized and Medium-Sized Panels
3.4.3: Large Panel
3.5: Global Micro LED Market by Application
3.5.1: Display
3.5.1.1: Near-to-Eye (NTE) Devices
3.5.1.1.1: AR HMD:
3.5.1.1.2: VR HMD:
3.5.1.2: Smartwatches
3.5.1.3: Televisions
3.5.1.4: Head-up-Displays (HUD)
3.5.1.5: Smartphones & Tablets
3.5.1.6: Monitor & Laptop
3.5.1.7: Digital Signage
3.5.2: Lighting
3.5.2.1: General Lighting
3.5.2.2: Automotive Lighting
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION
4.1: Global Micro LED Market by Region
4.2: North American Micro LED Market
4.2.1: Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others
4.2.2: Market by Panel Size: Micro-Display, Small Sized and Medium Sized Panel, and Large Panel
4.2.3: Market by Application: Near-to-Eye Devices, Smartwatches, Televisions, Head-Up Displays, Smartphones and Tablets, Monitors and Laptops, Digital Signage, General Lighting, and Automotive Lighting
4.2.4: United States Micro LED Market
4.2.5: Mexican Micro LED Market
4.2.6: Canadian Micro LED Market
4.3: European Micro LED Market
4.3.1: Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others
4.3.2: Market by Panel Size: Micro-Display, Small Sized and Medium Sized Panel, and Large Panel
4.3.3: Market by Application: Near-to-Eye Devices, Smartwatches, Televisions, Head-Up Displays, Smartphones and Tablets, Monitors and Laptops, Digital Signage, General Lighting, and Automotive Lighting
4.3.4: German Micro LED Market
4.3.5: Italian Micro LED Market
4.3.6: United Kingdom Micro LED Market
4.4: APAC Micro LED Market
4.4.1: Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others
4.4.2: Market by Panel Size: Micro-Display, Small Sized and Medium Sized Panel, and Large Panel
4.4.3: Market by Application: Near-to-Eye Devices, Smartwatches, Televisions, Head-Up Displays, Smartphones and Tablets, Monitors and Laptops, Digital Signage, General Lighting, and Automotive Lighting
4.4.4: Chinese Micro LED Market
4.4.5: Japanese Micro LED Market
4.4.6: Indian Micro LED Market
4.5: ROW Micro LED Market
4.5.1: Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others
4.5.2: Market by Panel Size: Micro-Display, Small Sized and Medium Sized Panel, and Large Panel
4.5.3: Market by Application: Near-to-Eye Devices, Smartwatches, Televisions, Head-Up Displays, Smartphones and Tablets, Monitors and Laptops, Digital Signage, General Lighting, and Automotive Lighting
5. COMPETITIVE ANALYSIS
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITY AND STRATEGIC ANALYSIS
6.1: Growth Opportunities Analysis
6.1.1: Growth Opportunities for the Global Micro LED Market by End-Use Industry
6.1.2: Growth Opportunities for the Global Micro LED Market by Panel Size
6.1.3: Growth Opportunities for the Global Micro LED Market by Application
6.1.4: Growth Opportunities for the Global Micro LED Market by Region
6.2: Emerging Trends in Global Micro LED Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Micro LED Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Micro LED Market
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Apple Inc.
7.2: Samsung Electronics Co. Ltd
7.3: Sony Corp
7.4: Oculus VR
7.5: Epistar Corporation
7.6: Lumens
7.7: Glo AB
7.8: X-Celeprint
7.9: PlayNitride
7.10: VerLASE Technologies LLC
7.11: Plessey Semiconductor Ltd.
7.12: JBD Inc.
7.13: Ostendo Technologies, Inc.
7.14: MICLEDI
7.15: Microluce
2. MICRO LED MARKET BACKGROUND AND CLASSIFICATION
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030
3.1: Macroeconomic Trends and Forecast
3.2: Global Micro LED Market Trends and Forecast
3.3: Global Micro LED Market by End Use Industry
3.3.1: Consumer Electronics
3.3.2: Automotive
3.3.3: Advertisement
3.3.4: Aerospace & Defense
3.3.5: Others
3.4: Global Micro LED Market by Panel Size
3.4.1: Micro Display
3.4.2: Small-Sized and Medium-Sized Panels
3.4.3: Large Panel
3.5: Global Micro LED Market by Application
3.5.1: Display
3.5.1.1: Near-to-Eye (NTE) Devices
3.5.1.1.1: AR HMD:
3.5.1.1.2: VR HMD:
3.5.1.2: Smartwatches
3.5.1.3: Televisions
3.5.1.4: Head-up-Displays (HUD)
3.5.1.5: Smartphones & Tablets
3.5.1.6: Monitor & Laptop
3.5.1.7: Digital Signage
3.5.2: Lighting
3.5.2.1: General Lighting
3.5.2.2: Automotive Lighting
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION
4.1: Global Micro LED Market by Region
4.2: North American Micro LED Market
4.2.1: Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others
4.2.2: Market by Panel Size: Micro-Display, Small Sized and Medium Sized Panel, and Large Panel
4.2.3: Market by Application: Near-to-Eye Devices, Smartwatches, Televisions, Head-Up Displays, Smartphones and Tablets, Monitors and Laptops, Digital Signage, General Lighting, and Automotive Lighting
4.2.4: United States Micro LED Market
4.2.5: Mexican Micro LED Market
4.2.6: Canadian Micro LED Market
4.3: European Micro LED Market
4.3.1: Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others
4.3.2: Market by Panel Size: Micro-Display, Small Sized and Medium Sized Panel, and Large Panel
4.3.3: Market by Application: Near-to-Eye Devices, Smartwatches, Televisions, Head-Up Displays, Smartphones and Tablets, Monitors and Laptops, Digital Signage, General Lighting, and Automotive Lighting
4.3.4: German Micro LED Market
4.3.5: Italian Micro LED Market
4.3.6: United Kingdom Micro LED Market
4.4: APAC Micro LED Market
4.4.1: Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others
4.4.2: Market by Panel Size: Micro-Display, Small Sized and Medium Sized Panel, and Large Panel
4.4.3: Market by Application: Near-to-Eye Devices, Smartwatches, Televisions, Head-Up Displays, Smartphones and Tablets, Monitors and Laptops, Digital Signage, General Lighting, and Automotive Lighting
4.4.4: Chinese Micro LED Market
4.4.5: Japanese Micro LED Market
4.4.6: Indian Micro LED Market
4.5: ROW Micro LED Market
4.5.1: Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others
4.5.2: Market by Panel Size: Micro-Display, Small Sized and Medium Sized Panel, and Large Panel
4.5.3: Market by Application: Near-to-Eye Devices, Smartwatches, Televisions, Head-Up Displays, Smartphones and Tablets, Monitors and Laptops, Digital Signage, General Lighting, and Automotive Lighting
5. COMPETITIVE ANALYSIS
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITY AND STRATEGIC ANALYSIS
6.1: Growth Opportunities Analysis
6.1.1: Growth Opportunities for the Global Micro LED Market by End-Use Industry
6.1.2: Growth Opportunities for the Global Micro LED Market by Panel Size
6.1.3: Growth Opportunities for the Global Micro LED Market by Application
6.1.4: Growth Opportunities for the Global Micro LED Market by Region
6.2: Emerging Trends in Global Micro LED Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Micro LED Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Micro LED Market
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Apple Inc.
7.2: Samsung Electronics Co. Ltd
7.3: Sony Corp
7.4: Oculus VR
7.5: Epistar Corporation
7.6: Lumens
7.7: Glo AB
7.8: X-Celeprint
7.9: PlayNitride
7.10: VerLASE Technologies LLC
7.11: Plessey Semiconductor Ltd.
7.12: JBD Inc.
7.13: Ostendo Technologies, Inc.
7.14: MICLEDI
7.15: Microluce
