Consumer & Retail

According to a market report by Lucintel, the future of lighting technology in the global micro LED market looks promising with opportunities in the consumer electronic, advertising, automotive, and aerospace and defense markets. The global micro LED market in terms of lighting technology consumption is expected to reach an estimated $259.9 billion by 2028 with a CAGR of 66.9% from 2023 to 2028. The major drivers for this market are growing demand for brighter and energy efficient lights in the automotive and consumer electronic industries across the globe.



In this market, micro display, small and medium-sized panel, and large panel are the major vertical segments. Lucintel forecasts that large panel will witness the highest growth segment over the forecast period due to growing demand of new switch-mode LED drivers, which can be integrated with high-power LEDs.



Within this market, automotive is expected to witness the highest growth due to increasing application of lights in vehicles.



APAC will remain the largest region due to increasing number of start-ups and growing interest of electronic giants in adopting micro-LED technology in the region.

Sony Corp., Epistar Corporation, JBD Inc., Aledia, ALLOS Semiconductors GmbH, Plessey Semiconductors, PlayNitride Inc., and VueReal Inc are the major suppliers for lighting technology in the global micro LED market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for lighting technology in the global micro LED market by vertical, panel size, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for 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 lighting technology in the global micro LED market by vertical, panel size, 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 the lighting technology in Micro LED market by panel size (micro display, small and medium-sized panel, and large panel), vertical (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 five years and what has its impact been on the industry?