According to a market report by Lucintel, the future of micro LED in the global consumer electronics market looks promising with opportunities in the smartphone & tablet, smart watch, television, laptop, digital signage, and NTE device markets. The micro LED in the global consumer electronics market is expected to reach an estimated $0.56 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major drivers for this market are increasing adoption of Micro LED display panels in smartphones and wearable devices, growing demand for brighter and better display solutions, and rising number of large number of start-ups with strong R&D investments.
In this market, large display, small & medium display, and micro display are different segments of micro LED in the global consumer electronics market by display size. Lucintel forecasts that micro display will remain the largest segment due to its increasing usage in various applications, such as smart watches, smartphones, and near-to-eye gadgets, along with growing popularity of smart display systems, which provides fast response time of a few milliseconds.
Within this market, smartphones & tablets will remain the largest segment over the forecast period due to increase disposable income of consumers and growing trend of miniaturization of electronic devices coupled with rising investments by smartphone and tablet manufactures to develop innovative product as per changing customer preferences.
APAC will remain the largest region during the forecast period due to increasing adoption of smartphone and growing interest of electronics giants in the region.
Sony Corporation, Samsung Electronics, Nanosys, Apple Inc, Epistar Corporation, Lumens, Plessy Semiconductor, X-Celeprint, Verlase Technologies, and Oculus VR are the major suppliers in the micro LED in the global consumer electronics market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for micro LED in the global consumer electronics market by display size, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities for Micro LED in the Global Consumer Electronics 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 consumer electronics market by display size, application, and region, as follows:
Micro LED in the Consumer Electronics Market by Display Size [Value ($B) Shipment Analysis from 2017 to 2028]:
Large Display
Small & Medium Display
Micro Display
Micro LED in the Consumer Electronics Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Smartphones & Tablets
Smart Watches
Televisions
Laptops
Digital Signage
NTE Devices
Others
Micro LED in the Consumer Electronics Market by Region [Value ($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 consumer electronics market by display size (large display, small & medium display, and micro display), application (smartphones & tablets, smart watches, televisions, laptops, digital signage, NTE devices, 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 did occur in the last five years and how did they impact the industry?