Technology & Telecommunications

According to a market report by Lucintel, the future of micro LED in the global advertising market looks promising with opportunities in the advertising LED display board, tricolor advertisement display board, LED display, tri color LED display board, and outdoor ip67 cabinet screens sized 320 x 1280 centimetres markets. Micro LED in the global advertising market is expected to reach an estimated $0.11 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major drivers for this market are increasing investment by electronics giants, growing demand for better display solutions and energy efficient LEDs, and rising consumer spending as well as expanding advertising sector.



In this market, Lucintel forecasts that advertising LED display boards will remain the largest segment due to its increasing usage for mass advertising purposes as it is convenient in transporting and installing and provides an opportunity to communicate to masses.



North America will remain the largest region during the forecast period due to increase in consumer spending and expansion of advertisement industry and increasing adoption of micro LED among consumers in the region.

Sony Corporation, Samsung Electronics, Nanosys, Apple Inc, Epistar Corporation, Lumens, X-Celeprint, Verlase Technologies, Verlase Technologies, and Oculus VR are the major suppliers in the micro LED in the global advertising market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for micro LED in the global advertising market by application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities for Micro LED in the Global Advertising 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 micro LED in the global advertising 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 the micro LED in the global advertising market by application (advertising LED display boards, tricolor advertisement display boards, LED displays, tri color LED display boards, and outdoor ip67 cabinet screens sized 320 x 1280 centimetres), 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 did occur in the last five years and how did they impact the industry?