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Global Micro Light-Emitting Diode (LED) Market 2019-2023

Global Micro Light-Emitting Diode (LED) Market 2019-2023

Global Micro Light-Emitting Diode (LED) Market: About this market:MicroLEDs are light-emitting diodes that produce light without the help of any external light source and are used in lighting and displays. MicroLEDs offer higher brightness and contrast and consume less power than other technologies such as organic light-emitting diode (OLED). Technavio’s micro light-emitting diode (led) market analysis considers sales from both display and lighting. Our analysis also considers the sales of micro light-emitting diode (led)in APAC, EMEA, and the Americas. In 2018, the display segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for brighter and more energy-efficient displays for augmented reality/virtual reality (AR/VR) devices, smartphones, smartwatches, smart TVs, interactive displays, and digital signages will play a significant role in the display segment to maintain its market position. Also, our global micro light-emitting diode (led)market report also looks at factors such as increasing investment in MicroLEDs, increasing number of patents being registered, integration of MicroLEDs in TVs. However, challenges in manufacturing, high market penetration of other display technologies, distributed patent portfolio may hamper the growth of the micro light-emitting diode (LED) industry over the forecast period.

Global Micro Light-Emitting Diode (LED) Market: Overview

Integration of MicroLED in TVs

Several Tv manufacturers have started developing MicroLED based TV prototypes as MicroLEDs offer greater brightness and an incredible wide HDR color palette. These LEDs have a longer lifespan than OLED panels since there is no natural degradation. These advantages have increased the adoption of micro LEDs. This demand for MicroLEDs TVs will lead to the expansion of the global micro light-emitting diode (LED) market at a CAGR of over 398% during the forecast period.

Development of GaN-on-Si technology

LED production is based on a sapphire substrate. However, with the increasing market traction for MicroLEDs, vendors are shifting to Gallium nitride-on-silicon (GaN-on-Si) technology for MicroLEDs production. Many vendors are working toward the development of this technology. The advantage of using GaN-on-Si instead of sapphire substrate is higher yield. With this technology, larger wafer size can be achieved, which is beneficial for Micro LEDs because of the use of transfer stamps that allow maximum wafer surface area utilization and ensure cost savings. Owing to these advantages, vendors are concentrating on the development of MicroLEDs displays based on Ga-on-Si. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global micro light-emitting diode (LED) market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few major players, the global micro light-emitting diode (LED) market is concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading milk chocolate manufacturers, that include LG Electronics Inc., PlayNitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co. Ltd., and Tianma Microelectronics Co. Ltd.

Also, the micro light-emitting diode (led) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


Companies Mentioned

LG Electronics Inc., PlayNitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co. Ltd., and Tianma Microelectronics Co. Ltd.

  • Executive summary
  • Scope of the report
    • Preface
      • Table Key Market Offering
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global electronics market
      • Table Segments of global electronics market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Comparison of various display and lighting technologies
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Type - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Display - Market size and forecast 2018-2023
      • Table Display - Market size and forecast 2018-2023 ($ millions)
      • Table Display - Year-over-year growth 2019-2023 (%)
    • Lighting - Market size and forecast 2018-2023
      • Table Lighting - Market size and forecast 2018-2023 ($ millions)
      • Table Lighting - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Development of GaN-on-Si technology
    • Rapid technological advances
    • Increasing number of strategic partnerships and collaborations in the market
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • LG Electronics Inc.
      • Table LG Electronics Inc. - Vendor overview
      • Table LG Electronics Inc. - Business segments
      • Table LG Electronics Inc. - Organizational developments
      • Table LG Electronics Inc. - Geographic focus
      • Table LG Electronics Inc. - Segment focus
      • Table LG Electronics Inc. - Key offerings
    • PlayNitride Inc.
      • Table PlayNitride Inc. - Vendor overview
      • Table PlayNitride Inc. - Organizational developments
      • Table PlayNitride Inc. - Key offerings
    • Plessey Semiconductors Ltd.
      • Table Plessey Semiconductors Ltd. - Vendor overview
      • Table Plessey Semiconductors Ltd. - Organizational developments
      • Table Plessey Semiconductors Ltd. - Key offerings
    • Samsung Electronics Co. Ltd.
      • Table Samsung Electronics Co. Ltd. - Vendor overview
      • Table Samsung Electronics Co. Ltd. - Business segments
      • Table Samsung Electronics Co. Ltd. - Organizational developments
      • Table Samsung Electronics Co. Ltd. - Geographic focus
      • Table Samsung Electronics Co. Ltd. - Segment focus
      • Table Samsung Electronics Co. Ltd. - Key offerings
    • Tianma Microelectronics Co. Ltd.
      • Table Tianma Microelectronics Co. Ltd. - Vendor overview
      • Table Tianma Microelectronics Co. Ltd. - Organizational developments
      • Table Tianma Microelectronics Co. Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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