Consumer & Retail

According to a market report by Lucintel, the future of the micro-display panel in the global micro LED market looks promising with opportunities in the consumer electronic, automotive, advertisement, aerospace and defense markets. Micro led within the micro display panel market is expected to reach an estimated $0.35 billion by 2028 with a CAGR of 72% from 2023 to 2028. The major drivers for this market are growing demand for bright and power-efficient display panels and increased trend for miniaturization of electronic device that has shifted the preference of electronic giants toward micro display panels.  



In this market, near to eye devices, smartphones & tablets, smartwatches, televisions, head-up display, monitors and laptops, and digital signage are the major segments of micro-display panel in the global micro LED market by product. Lucintel forecasts that smartphones & tablets will remain the largest segment over the forecast period due to increasing application of brighter and power-efficient display panels for smartphones and tablets.



Within this market, consumer electronics is expected to remain the largest segment due to the growing disposable income, improvement in standard of living among middle class population, and increasing adoption of this display panels in various consumer electronic devices.



Asia-Pacific will remain the largest region due to presence of electronic giants and availability of cheap raw material in the region. 

Aledia, LG Display, PlayNitride Inc, Rohinni LLC, Samsung Electronics Co, Sony Corporation, and VueReal are the major suppliers for micro-display panel in the global micro LED market.   



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for micro-display panel in the global micro LED market by application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Micro-Display Panel 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 a forecast for micro-display panel in the global micro LED market by application, end use industry, 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 micro display panel in the global micro LED market by application (near to eye devices, smartphones & tablets, smartwatches, televisions, head-up display, monitors and laptops, and digital signage), end use industry (consumer electronics, automotive, advertisement, 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?