Consumer & Retail

According to a market report by Lucintel, the future of full color lighting technology in the global micro LED market looks promising with opportunities in the general lighting and automotive lighting markets. The global micro LED market in terms of full color lighting technology is expected to reach an estimated $48.9 billion by 2028 with a CAGR of 67.9% from 2023 to 2028. The major drivers for this market are increasing demand for high quality and energy-efficient lighting technology with wider color gamut and higher contrast ration.



In this market, general lighting and automotive lighting are the major application segments. Lucintel forecasts that automotive lighting will witness a higher growth over the forecast period due to its increasing application in intelligent headlamp, central tunnel taillight, HDR automotive display, and ambient light applications.



APAC will remain the largest region due to economic expansion, improved standard of living, urbanization, and ongoing numerous technology advancements in the region.

Sony Corporation, Epistar Corporation, Lumens, Plessy Semiconductor, X-Celeprint, PlayNitride, Plessey Semiconductor, JBD Inc., Ostendo Technologies, and Micledi are the major suppliers for full color lighting technology in the global micro LED market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for full color lighting technology in the global micro LED market by application and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Full Color Lighting Technology in the Global Micro LED Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for full color lighting technology in the global micro LED market by application and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for full color lighting technology in the global micro LED market by application (general lighting and automotive lighting) and 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 region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of 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. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?