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Pulished Date April, 2021
ID: 9896
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Micro LED Market Segmentation By Application (VR Headsets, AR Headsets, Smartphone, Smart Watches, Tablet, TV, Laptop, HUD, Digital Signage), By Product (Large-scale Display, Small- & Medium-sized Display, and Micro Display), by Type (RGB Micro LED, Blue Micro LED, and UV Micro-LED), By Panel Size (Below 2 inch, 2-12 inch, 12-55 inch, 55-100 inch, and Above 100 inch), and By Vertical (Consumer Electronics, Advertisement, Automotive, Aerospace & Defense, Energy & Power, Architecture & Construction, Entertainment & Sports, Retail, Residential, and Others) Industry Forecast | 2021 to 2026

Pulished: April, 2021
ID: 9896
Pages: 175

Market Overview

The Global Micro LED market was estimated at USD 2588 million in 2021 and is anticipated to get valued around USD 20,501 Million by 2026, registering a CAGR of about 80.1% over the forecast period (2021 - 2026). MicroLEDs are the emerging flat-panel display technology, which consists of arrays of microscopic LEDs forming the individual pixel elements. They are also known as mLED, micro-LED, or µLED. These microLED displays offer better response times, contrast, and energy efficiency in response time.

The rising demand for brighter & more power-efficient display panels for mobile devices, smartwatches, and AR/VR devices, the growing interest of electronics giants include Samsung, Apple, Google and Sony and the attentiveness shown by input/component suppliers in the supply chain are the primary driver for the growth of the Global Micro LED Market. 

Recent Developments

• Almae Technologies is acquiring III-V Lab's facilities, a private R&D organization jointly established by Nokia, Thales and the CEA under the French "Economic Interest Group", at Marcoussis, which is sited on the Plateau de Saclay.

• BOE Technology Group Co., Ltd and Qualcomm Technologies, Inc. have announced their plans which is to establish a strategic collaboration for developing an innovative display product featuring Qualcomm 3D Sonic ultrasonic fingerprint Micro LED.

Drivers and Restraints of Micro LED Market

The growing demand for the brighter and energy-efficient displays and the demand for micro-LED shows that are extensively compact in size with excellent viewing angle are the factors that are supporting the market expansion during the review period, and this is likely to continue in the outlook period.

In addition, the high penetration rate of micro-LED displays because of their high pixel resolutions & exclusive image quality and the never-ending demand for display size reduction are the other factors that are driving the growth of the target market. Also, the factors such as growing demand for wearable displays for smart watches and AR/VR HMDs, manufacturing of micro-LEDs on large silicon wafers, and increasing penetration of micro-LED technology-based products in the display panel market are creating lucrative opportunities for the growth of the target market during the forecast period.

However, the tremendous popularity and demand for flexible & foldable display technology are hampering the growth of the Global Micro LED Market.

Market Segmentation of Micro LED Market

Based on the application segmentation, the global Micro-LED market is segmented into VR Headsets, AR Headsets, Smartphone, Smart Watches, Tablet, TV, Laptop, HUD, and Digital Signage.

And based on the product outlook, the global Micro-LED market is segmented into Large-scale Display, Small- & Medium-sized Display, and Micro Display.

On the type segmentation, the global Micro-LED market is segmented into RGB Micro LED, Blue Micro LED, and UV Micro LED.

In the outlook of panel-size, the global Micro-LED market is segmented as Below 2 inch, 2-12 inch, 12-55 inch, 55-100 inch, and Above 100 inch.

And on the vertical outlook, the global Micro-LED market is segmented into Consumer Electronics, Advertisement, Automotive, Aerospace & Defense, Energy & Power, Architecture & Construction, Entertainment & Sports, Retail, Residential, and Others.

Micro LED Market Region-wise analysis

• North America

• Europe

• Asia Pacific

• South America

• Middle East & Africa

In the regional analysis of the Global Micro LED Market, the North America market held for the significant share of the revenue. It is also estimated that the target market in this region is growing at a higher CAGR. The reason for the growth of the area in this market is the presence of a country like the U.S., which has the trend that is the early adoption of newer display and lighting technology.

Also, the market in the Asia Pacific is likely to witness a rapid market growth during the forecast period. The growth of the target market owes to the flourishing consumer electronics industry, and conventional light is being replaced by LED lighting in emerging economies such as India and China, which is contributing significantly toward the region's market. Further, growing awareness about the benefits offered by micro-LED displays is attracting the lighting manufacturers of this region. And the increasing investments for technological enhancements of LED screens that are made by LED lighting manufacturers are further boosting the growth of the Micro LED Market in the Asia Pacific.

Key Players of Micro LED Market

Some of the key players of the Global Micro-LED Market include Aledia, ALLOS Semiconductors GmbH, Apple, Inc., AU Optronics Corporation, BOE Technology Group Co., Ltd., CEA-Leti, Changchun Institute Of Applied Chemistry, Crystalwise Technology Inc., Epistar Corporation, Glo AB, Himax Display, Inc., Hon Hai Precision Industry Co., Ltd. (Foxconn), Hong Kong University of Science and Technology, Iii-V LAB, Industrial Technology Research Institute, Jasper Display Corporation, Jbd Inc., LG Display Co., Ltd., Lumens, Luminit, LLC., Lumiode, Inc., Macroblock, Inc, Nichia Corporation, Oculus VR LLC, Ostendo Technologies, Inc., PlayNitride Inc., Plessey Semiconductors Ltd., Rohinni LLC., Samsung Electronics Co., Ltd., Sony Corporation, Unimicron Technology Corporation, Uniqarta, Inc., VerLASE Technologies LLC, and Vuereal.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Micro LED Market, By Application               

                    6.1.1 VR Headsets  

                    6.1.2 AR Headsets  

                    6.1.3 Smartphone   

                    6.1.4 Smart Watches         

                    6.1.5 Tablet 

                    6.1.6 TV       

                    6.1.7 Laptop

                    6.1.8 HUD    

                    6.1.9 Digital Signage        

                    6.1.10 Market Size Estimations & Forecasts (2019-2024)      

                    6.1.11 Y-o-Y Growth Rate Analysis       

                    6.1.12 Market Attractiveness Index       

          6.2 Micro LED Market, By Type              

                    6.2.1 RGB Micro LED         

                    6.2.2 Blue Micro LED        

                    6.2.3 UV Micro-LED

                    6.2.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 Micro LED Market, By Product          

                    6.3.1 Large-scale Display  

                    6.3.2 Small- & Medium-sized Display    

                    6.3.3 Micro Display 

                    6.3.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

          6.4 Micro LED Market, By Panel Size                

                    6.4.1 Below 2 inch  

                    6.4.2 2-12 inch      

                    6.4.3 12-55 inch    

                    6.4.4 55-100 inch  

                    6.4.5 Above 100 inch       

                    6.4.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.7 Y-o-Y Growth Rate Analysis         

                    6.4.8 Market Attractiveness Index         

          6.5 Micro LED Market, By Vertical          

                    6.5.1 Consumer Electronics         

                    6.5.2 Advertisement          

                    6.5.3 Automotive    

                    6.5.4 Aerospace & Defense         

                    6.5.5 Energy & Power        

                    6.5.6 Architecture & Construction          

                    6.5.7 Entertainment & Sports      

                    6.5.8 Retail  

                    6.5.9 Residential     

                    6.5.10 Market Size Estimations & Forecasts (2019-2024)      

                    6.5.11 Y-o-Y Growth Rate Analysis       

                    6.5.12 Market Attractiveness Index       

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Application

                    7.2.3 By Type         

                    7.2.4 By Product     

                    7.2.5 By Panel Size 

                    7.2.6 By Vertical     

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Application

                    7.3.3 By Type         

                    7.3.4 By Product     

                    7.3.5 By Panel Size 

                    7.3.6 By Vertical     

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Application

                    7.4.3 By Type         

                    7.4.4 By Product     

                    7.4.5 By Panel Size 

                    7.4.6 By Vertical     

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Application

                    7.5.3 By Type         

                    7.5.4 By Product     

                    7.5.5 By Panel Size 

                    7.5.6 By Vertical     

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Application

                    7.6.3 By Type         

                    7.6.4 By Product     

                    7.6.5 By Panel Size 

                    7.6.6 By Vertical     

8. Key Player Analysis                           

          8.1 Aledia              

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 ALLOS Semiconductors GmbH                   

          8.3 Apple, Inc                   

          8.4 BOE Technology Group Co., Ltd                 

          8.5 Crystalwise Technology Inc.            

          8.6 Himax Display, Inc                

          8.7 Jasper Display Corporation              

          8.8 LG Display Co., Ltd.              

          8.9 Ostendo Technologies, Inc              

          8.10 Samsung Electronics Co., Ltd                  

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Micro LED Market By Region, From 2021-2026 ( USD Billion )
  2. Global Micro LED Market By Application, From 2021-2026 ( USD Billion )
  3. Global VR Headsets Market By Region, From 2021-2026 ( USD Billion )
  4. Global AR Headsets Market By Region, From 2021-2026 ( USD Billion )
  5. Global Smartphone Market By Region, From 2021-2026 ( USD Billion )
  6. Global Smart Watches Market By Region, From 2021-2026 ( USD Billion )
  7. Global Tablet Market By Region, From 2021-2026 ( USD Billion )
  8. Global TV Market By Region, From 2021-2026 ( USD Billion )
  9. Global Laptop Market By Region, From 2021-2026 ( USD Billion )
  10. Global HUD Market By Region, From 2021-2026 ( USD Billion )
  11. Global Digital Signage Market By Region, From 2021-2026 ( USD Billion )
  12. Global Micro LED Market By Type, From 2021-2026 ( USD Billion )
  13. Global RGB Micro LED Market By Region, From 2021-2026 ( USD Billion )
  14. Global Blue Micro LED Market By Region, From 2021-2026 ( USD Billion )
  15. Global UV Micro-LED Market By Region, From 2021-2026 ( USD Billion )
  16. Global Micro LED Market By Product, From 2021-2026 ( USD Billion )
  17. Global Large-scale Display Market By Region, From 2021-2026 ( USD Billion )
  18. Global Small- & Medium-sized Display Market By Region, From 2021-2026 ( USD Billion )
  19. Global Micro Display Market By Region, From 2021-2026 ( USD Billion )
  20. Global Micro LED Market By Panel Size, From 2021-2026 ( USD Billion )
  21. Global Below 2 inch Market By Region, From 2021-2026 ( USD Billion )
  22. Global 2-12 inch Market By Region, From 2021-2026 ( USD Billion )
  23. Global 12-55 inch Market By Region, From 2021-2026 ( USD Billion )
  24. Global 55-100 inch Market By Region, From 2021-2026 ( USD Billion )
  25. Global Above 100 inch Market By Region, From 2021-2026 ( USD Billion )
  26. Global Micro LED Market By Vertical, From 2021-2026 ( USD Billion )
  27. Global Consumer Electronics Market By Region, From 2021-2026 ( USD Billion )
  28. Global Advertisement Market By Region, From 2021-2026 ( USD Billion )
  29. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  30. Global Aerospace & Defense Market By Region, From 2021-2026 ( USD Billion )
  31. Global Energy & Power Market By Region, From 2021-2026 ( USD Billion )
  32. Global Architecture & Construction Market By Region, From 2021-2026 ( USD Billion )
  33. Global Entertainment & Sports Market By Region, From 2021-2026 ( USD Billion )
  34. Global Retail Market By Region, From 2021-2026 ( USD Billion )
  35. Global Residential Market By Region, From 2021-2026 ( USD Billion )

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