Market Research Report
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 137 Pages
Delivery time: 1-2 business days
Global Micro-LED Market to Reach $30.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Micro-LED estimated at US$585.3 Million in the year 2020, is projected to reach a revised size of US$30.2 Billion by 2027, growing at aCAGR of 75.7% over the period 2020-2027. Display, one of the segments analyzed in the report, is projected to record 77.8% CAGR and reach US$26.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lighting segment is readjusted to a revised 65.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $179.9 Million, While China is Forecast to Grow at 71.6% CAGR
The Micro-LED market in the U.S. is estimated at US$179.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2027 trailing a CAGR of 71.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 68.3% and 64.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 50.9% CAGR.
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