PUBLISHER: Lucintel | PRODUCT CODE: 1272755
PUBLISHER: Lucintel | PRODUCT CODE: 1272755
The future of micro LED in the global automotive market looks promising with opportunities in the dashboard, center stack, HUD (head-up display), passenger entertainment displays, camera mirror system (CMS) integrations, in-vehicle infotainment systems, and rearview mirror display markets. The micro LED in the global automotive market is expected to reach an estimated $0.17 billion by 2028 with a CAGR of 5.0% from 2023 to 2028. The major drivers for this market are growing IoV penetration, increasing demand of car with new energy sources, and autonomous vehicles, and growing requirement for higher contrast and brightness than OLED display.
A more than 150-page report is developed to help in your business decisions.
The study includes trends and forecast for micro LED in the global automotive market by application, and region, as follows.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, micro LED in the automotive companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the companies for micro LED in the global automotive market profiled in this report include-
FAQ
Q1. What is the micro LED in the automotive market size?
Answer: The micro LED in the global automotive market is expected to reach an estimated $0.17 billion by 2028.
Q2. What is the growth forecast for micro LED in the automotive market?
Answer: The micro LED in the global automotive market is expected to grow with a CAGR of 5.0% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of micro LED in the automotive market?
Answer: The major drivers for this market are raising IoV penetration, increasing demand of car with new energy sources, and autonomous vehicles, and growing requirement for higher contrast and brightness than OLED display.
Q4. What are the major segments for micro LED in the automotive market?
Answer: The future of micro LED in the global automotive market looks promising with opportunities in the dashboard, center stack, HUD (head-up display), passenger entertainment displays, camera mirror system (CMS) integrations, in-vehicle infotainment systems and rearview mirror display markets.
Q4. Who is the key micro LED in the automotive companies?
Answer: Some of the key micro LED in the automotive companies are as follows:
Q6. Which micro LED in the automotive segment will be the largest in future?
Answer: Lucintel forecasts that HUD (head-up display) will witness the highest growth due to increasing penetration of micro LED in autonomous and semi-autonomous vehicles owing to its capability of delivering enough brightness to yield the contrast that is necessary to clearly see an image against a bright sun-lit background and also helps the driver in tracking key information like speed and navigation while keeping their eyes on the road.
Q7. In micro LED in the automotive market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region during the forecast period due to growing adoption of micro Led in the luxury vehicles and presence of major automotive OEMs in countries like China, Japan, South Korea, and India.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.