Micro-LED Display Market By Product (Large scale Display, Small and Medium-sized Display, Micro Display), By Application (Smartphone and Tablet, PC and Laptop, TV, Smartwatch, Others), By Industry Vertical (Consumer Electronics, Entertainment and Sports, Automotive, Retail, Government and Defense, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global Micro-LED Display Market size was valued at $56.0 million in 2020, and is projected to reach $23.38 billion by 2030, growing at a CAGR of 77.1% from 2021to 2030. Micro-LED display is an emerging technology, which provides high luminance in a small format. This display is preferred over TFT, LCD, and OLED displays, owing to the quality of image offered by it. Moreover, it offers reduced energy consumptions as compared to the conventional LCD and OLED display systems. In addition, micro-LED display is considered to have innate potential performance advantages over OLED and LCD displays such as lower latency, high contrast ratio, and high color saturation
Rise in demand for bright and power-efficient display panels and increase in preference of electronic giants towards micro-LED displays are the significant factors that impact the growth of the global micro-LED display market. High price of micro LED display are expected to hinder the market growth. On the contrary, rise in demand for consumer electronics is anticipated to provide lucrative growth opportunities for the market.
The market is segmented based on product, application, industry vertical, and region. On the basis of product, the market is divide into small - & large-scale display, small - & medium-sized display, and micro display. By application, it is categorized into smartphone & tablet, TV, PC & laptop, smartwatch, and others. Depending on industry vertical, it is fragmented into consumer electronics, entertainment & sports, automotive, retail, government & defense, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Aledia, Apple Inc., eLux, Inc., Glo AB, LG Display, PlayNitride Inc., Rohinni LLC, Samsung Electronics Co. Ltd., Sony Corporation, and VueReal.
KEY BENEFITS FOR STAKEHOLDERS
This study comprises analytical depiction of the global micro-LED display size along with the current trends and future estimations to depict the imminent investment pockets.
The overall micro-LED display market outlook is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The micro-LED display market forecast is quantitatively analyzed from 2021 to 2030to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
The report includes the micro-LED display market share of key vendors and market trends.
Key Market Segments
Large scale Display
Small and Medium-sized Display
Smartphone and Tablet
PC and Laptop
By Industry Vertical
Entertainment and Sports
Government and Defense
Rest of Europe
Rest of Asia-Pacific
Key Market Players
Samsung Electronics Co. Ltd.
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