According to a market report by Lucintel, the future of micro LED in the global automotive market looks promising with opportunities in the dashboard, center stack, HUD (head-up display), passenger entertainment displays, camera mirror system (CMS) integrations, in-vehicle infotainment systems, and rearview mirror display markets. Micro LED in the global automotive market is expected to reach an estimated $0.17 billion by 2028 with a CAGR of 5.0% from 2023 to 2028. The major drivers for this market are growing IoV penetration, increasing demand of car with new energy sources, and autonomous vehicles, and growing requirement for higher contrast and brightness than OLED display.
In this market, Lucintel forecasts that HUD (head-up display) will witness the highest growth due to increasing penetration of micro LED in autonomous and semi-autonomous vehicles owing to its capability of delivering enough brightness to yield the contrast that is necessary to clearly see an image against a bright sun-lit background and also helps the driver in tracking key information like speed and navigation while keeping their eyes on the road.
APAC will remain the largest region during the forecast period due to growing adoption of micro Led in the luxury vehicles and presence of major automotive OEMs in countries like China, Japan, South Korea, and India.
Aledia, Samsung Electronics, Sony Corporation, Rohinni LLC, Apple Inc, and LG Display are the major suppliers in the micro LED in the global automotive market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for micro LED in the global automotive market by application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities for Micro LED in the Global Automotive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for micro LED in the global automotive market by application, and region, as follows:
Micro LED in the Automotive Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Dashboard
Center Stack
HUD (Head-Up Display)
Passenger Entertainment Displays
Camera Mirror System (CMS) Integrations
In-Vehicle Infotainment Systems
Rearview Mirror Display
Micro LED in the Automotive Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
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.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the micro LED in the global automotive market by application (dashboard, center stack, HUD (head-up display), passenger entertainment displays, camera mirror system (CMS) integrations, in-vehicle infotainment systems and rearview mirror display), 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?