Consumer & Retail

According to a market report by Lucintel, the future of large panels in the global micro LED market looks promising with opportunities in the consumer electronic, advertising, automotive, and aerospace and defense industries. The global micro LED in terms of large panel usage is expected to reach an estimated $0.57 billion by 2028 with a CAGR of 68.4% from 2023 to 2028. The major drivers for this market are growing demand for high-end technologically advanced audio and visual products and increasing use of the technology in the digital signage, particularly in indoor panel resolutions.



In this market, 4K and 8K are the two major segments of large panels in the micro LED market by panel resolution. Lucintel forecasts that 8K will remain the larger panel resolution segment over the forecast period due to its increasing usage in TVs, cameras, and projectors as it ensures enhanced picture quality and image depth.



Within this market, advertising is expected to remain the largest end use segment due to growing demand for screens that are energy efficient and consume a comparatively low amount of electricity.



APAC will remain the largest region due to the growing demand from various end use industries, such as consumer electronics, automotive, entertainment, and sports panel resolution, and significant technological advancements in the region.

Aledia SA, Sony Corporation, Samsung Electronics, X-Celeprint, and Nanosys are the major suppliers for global large panels in the micro LED market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for global large panels in the micro LED market by panel resolution, end use, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Large Panels 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 large panels in the global micro LED market by panel resolution, end use, 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 large panels in the micro LED market by panel resolution (4K, 8K, and others), end use (consumer electronics, advertising, automotive, aerospace and defense, and others), 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 5 years and what has its impact been on the industry?