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PUBLISHER: IMARC | PRODUCT CODE: 1370490
PUBLISHER: IMARC | PRODUCT CODE: 1370490
Micro-LED Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 148 Pages
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Abstract
Market Overview:
The global micro-LED display market size reached US$ 248.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 8,825.3 Million by 2028, exhibiting a growth rate (CAGR) of 83.2% during 2023-2028.
A micro-light emitting diode (LED) display is a screen with microscopic LEDs of different colors arranged in an array. It is manufactured using gallium nitride, which allows the scattering of red, green, and blue (RGB) LED lights to glow brighter for a prolonged period. It offers high wavelength uniformity, increased brightness, ultra-high definition (UHD) picture quality, and improved color saturation. It also aids in reducing power consumption and offering a longer lifespan and better contrast and response time compared to other conventional technologies. As a result, micro-LED is widely used in smartwatches, micro-projectors, and ultra-high-definition (UHD) televisions (TVs).
Micro-LED Display Market Trends:
At present, improving standards of living and inflating disposable income levels of individuals represent one of the key factors positively influencing the market. In addition, the escalating demand for consumer electronics and shifting consumer preferences toward bright power-efficient display panels for high-quality lighting and minimal maintenance and energy cost are increasing the sales of micro-LED displays. Apart from this, favorable government initiatives to promote electronic manufacturing are currently supporting the market growth. In line with this, due to low power consumption characteristics, micro-LEDs are gaining immense attention in visible light communication (VLC) technology for marine exploration and underwater connectivity, which is offering lucrative growth opportunities to manufacturers. Besides this, leading manufacturers are extensively investing in research and development (R&D) activities to resolve the high-cost and complicated manufacturing processes. They are also focusing on miniaturizing size and minimizing inspection and repair time to enhance production yield. In addition, the adoption of highly efficient micro-LEDs suitable for augmented reality (AR) and virtual reality (VR) is anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global micro-LED display market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application and industry vertical.
Breakup by Product:
Micro Display
Large Scale Display
Small and Medium-sized Display
Breakup by Application:
Smartphone and Tablets
PC and Laptop
TV
Smartwatch
Others
Breakup by Industry Vertical:
Consumer Electronics
Entertainment and Sports
Automotive
Retail
Government and Defense
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aledia, eLux Inc., Innolux Corporation, Jade Bird Display, LG Display Co. Ltd. (LG Electronics Inc.), Lumens Co. Ltd., Nanosys Inc., PlayNitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co. Ltd., Sony Group Corporation and VueReal.
Key Questions Answered in This Report
- 1. What was the size of the global micro-LED display market in 2022?
- 2. What is the expected growth rate of the global micro-LED display market during 2023-2028?
- 3. What are the key factors driving the global micro-LED display market?
- 4. What has been the impact of COVID-19 on the global micro-LED display market?
- 5. What is the breakup of the global micro-LED display market based on the product?
- 6. What is the breakup of the global micro-LED display market based on the application?
- 7. What is the breakup of the global micro-LED display market based on industry vertical?
- 8. What are the key regions in the global micro-LED display market?
- 9. Who are the key players/companies in the global micro-LED display market?
Product Code: SR112023A6401
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Micro-LED Display Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Micro Display
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Large Scale Display
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Small and Medium-sized Display
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Smartphone and Tablets
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 PC and Laptop
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 TV
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Smartwatch
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Industry Vertical
- 8.1 Consumer Electronics
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Entertainment and Sports
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Automotive
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Retail
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Government and Defense
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Aledia
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 eLux Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Innolux Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Jade Bird Display
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 LG Display Co. Ltd. (LG Electronics Inc.)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Lumens Co. Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Nanosys Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 PlayNitride Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Plessey Semiconductors Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Samsung Electronics Co. Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Sony Group Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 VueReal
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Aledia
Product Code: SR112023A6401
List of Figures
- Figure 1: Global: Micro-LED Display Market: Major Drivers and Challenges
- Figure 2: Global: Micro-LED Display Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Micro-LED Display Market: Breakup by Product (in %), 2022
- Figure 5: Global: Micro-LED Display Market: Breakup by Application (in %), 2022
- Figure 6: Global: Micro-LED Display Market: Breakup by Industry Vertical (in %), 2022
- Figure 7: Global: Micro-LED Display Market: Breakup by Region (in %), 2022
- Figure 8: Global: Micro-LED Display (Micro Display) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Micro-LED Display (Micro Display) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Micro-LED Display (Large Scale Display) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Micro-LED Display (Large Scale Display) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Micro-LED Display (Small and Medium-sized Display) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Micro-LED Display (Small and Medium-sized Display) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Micro-LED Display (Smartphone and Tablets) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Micro-LED Display (Smartphone and Tablets) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Micro-LED Display (PC and Laptop) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Micro-LED Display (PC and Laptop) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Micro-LED Display (TV) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Micro-LED Display (TV) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Micro-LED Display (Smartwatch) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Micro-LED Display (Smartwatch) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Micro-LED Display (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Micro-LED Display (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Micro-LED Display (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Micro-LED Display (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Micro-LED Display (Entertainment and Sports) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Micro-LED Display (Entertainment and Sports) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Micro-LED Display (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Micro-LED Display (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Micro-LED Display (Retail) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Micro-LED Display (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Micro-LED Display (Government and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Micro-LED Display (Government and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Micro-LED Display (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Micro-LED Display (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: North America: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: North America: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: United States: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: United States: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Canada: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Canada: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Asia-Pacific: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Asia-Pacific: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: China: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: China: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Japan: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Japan: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: India: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: India: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: South Korea: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: South Korea: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Australia: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Australia: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Indonesia: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Indonesia: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Europe: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Europe: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Germany: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Germany: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: France: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: France: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: United Kingdom: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: United Kingdom: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Italy: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Italy: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Spain: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Spain: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Russia: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Russia: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Latin America: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Latin America: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Brazil: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Brazil: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Mexico: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Mexico: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Middle East and Africa: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Middle East and Africa: Micro-LED Display Market: Breakup by Country (in %), 2022
- Figure 84: Middle East and Africa: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Global: Micro-LED Display Industry: SWOT Analysis
- Figure 86: Global: Micro-LED Display Industry: Value Chain Analysis
- Figure 87: Global: Micro-LED Display Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Micro-LED Display Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Micro-LED Display Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Micro-LED Display Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Micro-LED Display Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
- Table 5: Global: Micro-LED Display Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Micro-LED Display Market: Competitive Structure
- Table 7: Global: Micro-LED Display Market: Key Players
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