Consumer & Retail

According to a market report by Lucintel, the future of micro LED in the global television market looks promising with opportunities in the construction, automotive, transportation, electrical and electronics consumer products, medical devices, packaging, machinery, and equipment markets. Micro LED in the global television market is expected to reach an estimated $0.09 billion by 2028 with a CAGR of 67.0% from 2023 to 2028. The major drivers for this market are growing demand for brilliant and strength display screens among population and increasing shift from current LCD and OLED display technologies to micro LEDs.



In this market, 30 to 40 inches, 41 to 50 inches, 51 to 60 inches, and 61 to 65 inches are different segments of micro LED in the global television by operational size type. Lucintel forecasts that 41 to 50 inches will remain the largest segment over the forecast period due to growing trend of purchasing bigger TVs for a theatre-like viewing experience, declining prices of products, and quick incorporation of technology with appealing features encourages consumers to acquire televisions with larger screens.



Within this market, electrical and electronics industry will remain the largest segment from 2023 to 2028 due to growing trend for brilliant and strength display screens and the predilection of electronics behemoths including Sony and Apple towards micro-LED displays.



APAC will remain the largest region during the forecast period due to improving  living standards of people, increasing adoption of smart TV in countries like India and China, and growing customer preference towards higher picture quality and sleeker design.

Alpedia, Apple In., eLux, Inc, Glo AB, LG Display, PlayNitride Inc., Samsung Electronics, and Sony Corporation are the major suppliers in the micro LED in the global television market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for micro LED in the global television market by application, product type, material type, operational size type, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities for Micro LED in the Global Television 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 television market by application, product type, material type, operational size type, 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 micro LED in the global television market by application (construction industry, automotive industry, transportation industry, electrical and electronics industry, consumer products industry, medical devices industry, packaging industry, machinery industry, and equipment industry), product type (LED wafer, LED substarte, LED epitaxy, and hybrid LED product), material type (large scale display TVs, small and medium display TVs, and micro display TVs), operational size type (30 to 40 inches, 41 to 50 inches, 51 to 60 inches, and 61 to 65 inches), 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?