According to a market report by Lucintel, the future of micro LED in the global smartphone and tablet market looks promising with opportunities in the OEMs, retail, and e-commerce markets. The usage of micro LED in the global smartphone and tablet market is expected to reach an estimated $0.53 billion by 2028 with a CAGR of 84.2% from 2023 to 2028. The major drivers for this market are increasing disposable income, ongoing development of telecom infrastructure, and growing demand and supply of reasonably priced android mobile phones across the globe.
In this market, Lucintel forecasts that e-commerce is expected to remain the largest segment from 2023 to 2028 due to increasing consumer preference for online shopping, growing trend of e-commerce and m-commerce, and rising penetration of marketing activities by smartphone and tablet vendors.
APAC will remain the largest region during the forecast period due to increasing consumer awareness regarding mobile and tablet device usage and presence of major consumer electronic manufacturers in the region.
Sony Group, Oculus VR, Samsung Electronics, X-Celeprint, Nanosys, Aledia, Verlase Technologies, and Jade Bird Display are the major suppliers of micro LED in the global smartphone and tablet market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for micro LED in the global smartphone and tablet market by distribution channel, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities for Micro LED in the Global Smartphone and Tablet Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for micro LED in the global smartphone and tablet market by distribution channel, and region, as follows:
Micro LED in Smartphone and Tablet Market by Distribution Channel [Value ($B) Shipment Analysis from 2017 to 2028]:
Micro LED in Smartphone and Tablet 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 micro LED in the global smartphone and tablet market by distribution channel (OEMs, retail, and e-commerce), 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?