As per the assessment by Market Research Future Reports (MRFR), the global micro-LED display market is estimated to value USD 2,782.5 million and grow at a CAGR of 82.7% during the assessment period. The rising demand for efficient display panels is the major factor driving the global micro-LED display market. 2020. The micro-LED display consumes lesser power as compared to the LEDs and OLEDs and therefore, has a longer life span. The micro-LED offers high wavelength uniformity which is suitable for fine pitch panels. These attributes of micro-LED are motivating the manufacturers to increase the deployment of the component in the devices. However, the low yield, expensive cost, the demand to improve micro-LED production and mass transfer process are some of the elements impeding the market growth. Besides, the lack of standard procedures for the production of components is another restraining factor.
Moreover, the outbreak of coronavirus has resulted in a halt in daily business operations. The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Also, a precise study of factors augmenting and impeding the market in the post-COVID-19 period has been evaluated. We will provide COVID-19 impact analysis with the report.
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Key Players
The competitors of the global Micro-LED Display market are Oculus VR (InfiniLED) (US), Apple Inc. (LuxVue) (US), LG Electronics Inc. (South Korea) Sony, Samsung (South Korea), Corporation (Japan), Epistar Corporation (Taiwan), X-Celeprint (Ireland), VerLASE Technologies (US), GLO AB (Sweden), JBD (China), and Aledia (France), among a few more.
Intended Audience
• LED manufacturers
• Sapphire makers
• MOCVD suppliers
• Display panel manufacturers
• Brand customers/OEMs/ODMs
• OSAT and foundries
• Display-related service providers
• Display-related associations, organizations, forums, and alliances
• Venture capitalists, financial and strategic investors, and start-ups
• Semiconductor component suppliers
• Distributors and sales firms of display panels and devices
• Technology standards organizations, forums, alliances, and associations
• Universities and research organizations
Market Research
The worldwide micro-LED display market can be classified on the basis of panel size, application, vertical, and region.
On the basis of panel size, the worldwide micro-LED display market can be segmented into small- and medium-sized panel and large panel, and microdisplay.
On the basis of application, the worldwide micro-LED display market can be segmented into NTE devices, smartwatch, television, smartphone and tablet, a head-up display, monitor and laptop and digital signage
On the basis of vertical, the worldwide micro-LED display market can be segmented into entertainment & advertisement, consumer electronics, automotive, aerospace & defence and others.
On the basis of region, the worldwide micro-LED display market can be segmented into North America, Europe, Asia-Pacific and the Rest of the World (RoW).
Regional Analysis
The regional study of North America, Europe, Asia-Pacific and the Rest of the World (RoW) had been conducted. The global market is likely to expand at a significant rate during the review period from 2018 to 2023. Among all, the APAC region is estimated to be the fastest expanding region due to the presence of notable micro-LED market players and the display manufacturers in the region. Among all nations of APAC, the emerging nations like China, South Korea, and Japan are estimated to make the most significant contribution in expanding the market. Besides, the high demand for smart electronic equipment from countries like India is additionally propelling market growth. Moreover, there have been massive investments of multinational companies in evolving the market in the APAC region. The analysis reveals the second position has been obtained by North America, followed by Europe. North America is estimated to dominate the market due to the growing demand for electronic devices such as tablets, smartphones, and smartwatches. Besides, the application of micro-LED in wearables is augmenting the market size in the region.
The outbreak of COVID-19 is likely to change the market mechanism of several regions. Several markets have been influenced significantly due to the observation of nationwide lockdown in various countries
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Micro-LED Market
5 Industry Overview Of Global Micro-LED Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
Continued………..
LIST OF TABLES
Table 1 Global Micro-LED Market, By Region, 2018–2023
Table 2 North America: Micro-LED Market, By Country, 2018–2023
Table 3 Europe: Micro-LED Market, By Country, 2018–2023
Table 4 Asia-Pacific: Micro-LED Market, By Country, 2018–2023
Table 5 Middle East & Africa: Micro-LED Market, By Country, 2018–2023
Table 6 Latin America: Micro-LED Market, By Country, 2018–2023
Table 7 Global Micro-LED Application Market, By Region, 2018–2023
Continued………..
LIST OF FIGURES
FIGURE 1 Global Micro-LED Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Micro-LED Market
FIGURE 4 Value Chain Of Global Micro-LED Market
FIGURE 5 Share Of Global Micro-LED Market In 2017, By Country (In %)
FIGURE 6 Global Micro-LED Market, 2018–2023
FIGURE 7 Global Micro-LED Market Size, By Application, 2018
Continued…………
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