Global Micro Led Market By Overview
Micro LED is the emerging flat-panel display technology which is consist of the microscopic led arrays forms the individual pixel elements. Micro led offers better response times, energy efficiency and contrast while comparing with the widespread LCD technology. Further, the micro led can be integrated easily to sensors and circuits and increase the sensing capacity such as to the identification of the fingerprint and control over the gesture.
Global Micro Led Market By Drivers & Restraints
The rise in demand for bright and power-efficient display which is the major driving factor for the growth of the global market. Additionally, growth in consumer electronics which is the boosting factor for the growth of the target market. Also, the new and advanced development in the micro led electronics which is the propelling factor for the growth of the target market. For instance, in 2019, the apple launch future smartwatch. Moreover, the longer lifespan and the longer response time is another fueling factor for the growth of the global market. However, the increase in popularity of folded display in tabs and smartphones decreases the popularity of the micro led which is the major restraining factor for the micro led market. Furthermore, the rise in demand for OLED gives tough competition to the micro led which is another hampering factor for the growth of the target market.
Global Micro Led Market By Segmentations & Regional Insights
Micro led market is segmented based on application, end-user, and region.
Based on application, the global market is classified into the display and alighting. The display is the dominating segment for the micro led market due to the use of smartphone, smartwatches and near- to- eye devices have been increased in the population. Based on end-user, the target market is bifurcated into consumer electronics, automotive, aerospace and defence, advertisement, and other end users. Consumer electronics is the dominating segment for the target market due to more sales of electronics direct to the customers during the forecast period.
Based on the region the micro led market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is dominating region in micro led the market due to the high CAGR registration in the base year. The growing continuous demand for smartphones in the Asia-Pacific region. North America region shows significant growth during the forecast period.
Micro Led Market, By Application:
- Display
- Lighting
Micro Led Market, By End- User:
- Consumer Electronics
- Automotive
- Aerospace and Defense
- Advertisement
- Other End Users
Micro Led Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa Micro Led Market, By Application
- Middle East & Africa Micro Led Market, By End- User
- Middle East & Africa Micro Led Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America Micro Led Market, By Application
- Latin America Micro Led Market, By End- User
- Latin America Micro Led Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific Micro Led Market, By Application
- Asia Pacific Micro Led Market, By End- User
- Asia Pacific Micro Led Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Micro Led Market, By Application
- Europe Micro Led Market, By End- User
- Europe Micro Led Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Micro Led Market, By Application
- North America Micro Led Market, By End- User
- North America Micro Led Market, By Country
- U.S.
- Canada
- Middle East & Africa
Global Micro Led Market By Competitive Landscape & Key Players
The key players operating the micro led market involves Apple, Inc. (Luxvue), Sony Corporation, LG Display Co. Ltd Intuitive Surgical, Inc., Aledia SA, Epistar Corporation, VerLASE Technologies, Rohinni LLC, Samsung Electronics Co. Ltd., JBD Inc., and Glo AB. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in 2018, Apple was reportedly working on micro-LED with the partnership with Taiwan Semiconductor Manufacturing Company, to introduce future Apple smartwatches.
Global Micro Led Market By Company Profile
- Apple, Inc. (Luxvue)
- Sony Corporation
- LG Display Co. Ltd Intuitive Surgical, Inc.
- Aledia SA
- Epistar Corporation
- VerLASE Technologies
- Rohinni LLC
- Samsung Electronics Co. Ltd
- JBD Inc.
- Glo AB
FAQs
The market report has been segmented based on application, end-user, and region.
The Micro LED Market is driven by factors such as the increasing demand for high-quality displays with superior brightness and energy efficiency, advancements in display technologies, the adoption of Micro LED in smartphones, TVs, and smartwatches, and the potential for flexible and transparent display applications.
The high manufacturing costs associated with Micro LED technology, technical challenges in mass production, competition from other display technologies, and the complexity of integrating Micro LED into various consumer electronic devices, acting as restraints for the Micro LED Market globally.
North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific, particularly Taiwan and South Korea, is expected to dominate the Micro LED Market, driven by the presence of major semiconductor and display manufacturers, significant investments in research and development, and the early adoption of Micro LED in consumer electronics.
The prominent player operating in the global micro led market includes Apple, Inc. (Luxvue), Sony Corporation, LG Display Co. Ltd Intuitive Surgical, Inc., Aledia SA, Epistar Corporation, VerLASE Technologies, Rohinni LLC, Samsung Electronics Co. Ltd., JBD Inc., and Glo AB.