Micro LED Lighting Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Micro LED Lighting Market Trends and Forecast

The future of the micro LED lighting market looks promising with opportunities in the near to eye devices, smartphones & tablets, smartwatches, televisions, head-up display, monitors and laptops, and digital signage. The global micro LED lighting market is expected to reach an estimated $0.26 billion by with a CAGR of 66.9% from 2023 to 2028. The major drivers for this market are increasing use of these drivers for different LED lighting in automobiles and growing awareness towards adoption of energy-efficient products in the commercial and residential applications.

Micro LED Lighting Market

A more than 150-page report is developed to help in your business decisions.

Micro LED Lighting Market by Segments

The study includes a forecast for the global micro LED lighting market by application, supply type, and region, as follows:

Micro LED Lighting Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

• General Lighting
• Automotive Lighting

Micro LED Lighting Market by Supply Type [Value ($B) Shipment Analysis from 2017 to 2028]:

• Constant Current
• Constant Voltage

Micro LED Lighting Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Micro LED Lighting Companies

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 lighting companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the micro LED lighting companies profiled in this report include.

• Sony
• X-Celeprint
• Nanosys
• Jade bird display
• Aledia

Micro LED Lighting Market Insights

Lucintel forecasts that constant current will remain the largest segment over the forecast period due to bypassing of the highest current selected for the LEDs and evading thermal runaway/burnout.

Automotive lighting is expected to remain the largest segment due to increasing usage in various applications, such as front/headlamps, rear lighting, interior lighting, and headlights so as to provide value added, safer, and pleasing experience to customers.

APAC will remain the largest region due to the escalating demand for high brightness LED drivers for general lighting and availability of affordable LED lighting in the region.

Features of the Micro LED Lighting Market

• Market Size Estimates: Micro LED lighting market size estimation in terms of value ($B)

• Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.

• Segmentation Analysis: Micro LED lighting market size by various segments, such as by application, supply type, and region

• Regional Analysis: Micro LED lighting market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.

• Growth Opportunities: Analysis on growth opportunities in different by application, supply type, and regions for the micro LED lighting market.

• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the micro LED lighting market.

• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

• Q1. What is the micro LED lighting market size?
• Answer: The global micro LED lighting market is expected to reach an estimated $0.26 billion by 2028.
• Q2. What is the growth forecast for micro LED lighting market?
• Answer: The global micro LED lighting market is expected to grow with a CAGR of 66.9% from 2023 to 2028.
• Q3. What are the major drivers influencing the growth of the micro LED lighting market?
• Answer: The major drivers for this market are increasing use of these drivers for different LED lighting in automobiles and growing awareness towards adoption of energy-efficient products in the commercial and residential applications.
• Q4. What are the major segments for micro LED lighting market?
• Answer: The future of the micro LED lighting market looks promising with opportunities in the near to eye devices, smartphones & tablets, smartwatches, televisions, head-up display, monitors and laptops, and digital signage.
• Q5. Who are the key micro LED lighting companies?
• Answer: Some of the key micro LED lighting companies are as follows:
• Sony
• X-Celeprint
• Nanosys
• Jade bird display
• Aledia
• Q6. Which micro LED lighting segment will be the largest in future?
• Answer: Lucintel forecasts that constant current will remain the largest segment over the forecast period due to the bypassing the highest current selected for the LEDs and evading thermal runaway/burnout.
• Q7. In micro LED lighting market, which region is expected to be the largest in next 5 years?
• Answer: APAC will remain the largest region due to the escalating demand for high brightness LED drivers for general lighting and availability of affordable LED lighting in the region.
• Q8. Do we receive customization in this report?
• Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the micro LED lighting market by application (general lighting and automotive lighting), supply type (constant current and constant voltage), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?