According to a new market report published by Lucintel, the future of the global micro LED market looks attractive with opportunities in the consumer electronics, automotive, advertisement, and aerospace & defense industries. The global micro LED market is expected to reach an estimated $14.7 billion by 2027 with a CAGR of 80% from 2021 to 2027. The major drivers for this market are growth in smartphones and wearable devices and increasing demand for brighter and better display solutions.
Browse 87 market data tables and 87 figures spread through 183 pages and in-depth TOC on “Global Micro LED Market"
In this market, display and lighting are the two applications of micro LED system. On the basis of comprehensive research, Lucintel forecasts that display will remain the largest application and it is also expected to witness the highest growth over the forecast period as increasing demand for better display solutions in smartphones, smartwatches, and AR/VR devices.
Asia Pacific will remain the largest region supported by increasing demand for consumer electronics devices, such as smartwatches, AR/VR devices, smartphones, televisions, and laptops.
Apple, Samsung Electronics, Sony Corporation, Epistar Corporation Lumens, Plessy Semiconductor, are among the major micro LED manufacturer.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global micro LED market by end use industry, application, panel size, and region and has come up with a comprehensive research report titled “Growth Opportunities in the Global Micro LED Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trend and forecast for the global micro LED market by application, panel size, end use industry, and region as follows:
By End Use Industry [$M shipment analysis from 2019 to 2027]:
•Consumer Electronics
•Automotive
•Advertisement
•Aerospace and Defense
•Others
By Panel Size [$M shipment analysis from 2019 to 2027]:
•Micro-Display
•Small Sized and Medium Sized Panel
•Large Panel
By Application [$M shipment analysis from 2019 to 2027]:
•Display
•Near to Eye Devices
•AR HMD
•VR HMD
•Smartphones & Tablets
•Smartwatches
•Televisions
•Head-up display
•Monitors and Laptops
•Digital Signage
•Lighting
•General Lighting
•Automotive Lighting
By Region [$M shipment analysis for 2019 – 2027]:
•North America
–United States
–Canada
–Mexico
•Europe
–United Kingdom
–Germany
–Italy
•Asia Pacific
–Japan
–China
–India
•The Rest of the World
This 183-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 click on this link https://www.lucintel.com/micro-led-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It 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.
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global micro LED by 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 to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some 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 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 do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?