Micro LED Display Market Size, Share & Analysis to 2028 (2024)

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Micro LED Display Market Trends and Forecast

The future of the global micro LED display market looks promising with opportunities in the consumer electronic, automotive, advertisement, and aerospace and defence markets. The global micro LED display market is expected to reach an estimated $0.8 billion by 2028 with a CAGR of 70.4% from 2023 to 2028. The major drivers for this market are growing demand for energy-efficient display solutions and increasing preference of electronic giants towards micro-LEDs display across the globe.


A more than 150-page report is developed to help in your business decisions.Sample figures with some insights are shown below.

Micro LED Display Market by Segment

The study includes a forecast for the global micro LED display market by application, end use industry, and region, as follows:

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

  • General Lighting
  • Automotive Lighting

Micro LED Display Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Consumer Electronics
  • Automotive
  • Advertisement
  • Aerospace and Defense
  • Others

Micro LED Display 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 Display 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 display 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 display companies profiled in this report include.

Micro LED Display Market Insights

  • Lucintel forecasts that automotive lighting will remain the largest segment over the forecast period due to extensive use of LEDs as rear lighting in vehicles due to their power efficiency.
  • Consumer electronics is expected to remain the largest segment due to the growing disposable income and increasing investments by smartphone and tablet manufacturers in developing innovative products as per the changing customer preferences.
  • APAC will remain the largest region due to increasing acceptance of wearable devices like smart watches and head-mounted displays and presence of major display screen manufacturers in the region.

Features of the Micro LED Display Market

  • Market Size Estimates: Micro LED display 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 display market size by various segments, such as by application, end use industry, and region
  • Regional Analysis: Micro LED display market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by application, end use industry, and regions for the micro LED display market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the micro LED display market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the micro LED display market size?
Answer:The global micro LED display market is expected to reach an estimated $0.8 billion by 2028.
Q2. What is the growth forecast for micro LED display market?
Answer:The global micro LED display market is expected to grow with a CAGR of 70.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the micro LED display market?
Answer:The major drivers for this market are growing demand for energy-efficient display solutions and increasing preference of electronic giants towards micro-LEDs display across the globe.
.Q4. What are the major segments for micro LED display market?
Answer:The future of the micro LED display market looks promising with opportunities in the consumer electronics, automotive, advertisement, and aerospace and defense.
Q5. Who are the key micro LED display companies?
Answer:Some of the key micro LED display companies are as follows:

  • Aledia
  • LG Display
  • PlayNitride Inc.
  • Rohinni LLC
  • Nanosys

Q6. Which micro LED display segment will be the largest in future?
Answer: Lucintel forecasts that automotive lighting will remain the largest segment over the forecast period due to extensive use of LEDs as rear lighting in vehicles due to their power efficiency.
Q7. In micro LED display market, which region is expected to be the largest in next 5 years?
Answer:APAC will remain the largest region due to increasing acceptance of wearable devices like smart watches and head-mounted displays and presence of major display screen manufacturers 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 display market by application(general lighting and automotive lighting), end use industry(consumer electronics, automotive, advertisement, aerospace and defense, and others), 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?

For any questions related to micro LED display market or related to micro LED display companies, micro LED display market size, micro LED display market share, micro LED display analysis, micro LED display market growth, micro LED display market research, write Lucintel analyst at email:

helpdesk@lucintel.com we will be glad to get back to you soon.

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Table of Contents

1. Executive Summary

2. Global Micro LED Display Market: Market Dynamics

2.1: Introduction, Background, and Classifications

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2017 to 2028

3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)

3.2: Global Micro LED Display Market Trends (2017-2022) and Forecast (2023-2028)

3.3: Global Micro LED Display Market by Application

3.3.1: General Lighting

3.3.2: Automotive Lighting

3.4: Global Micro LED Display Market by End Use Industry

3.4.1: Consumer Electronics

3.4.2: Automotive

3.4.3: Advertisement

3.4.4: Aerospace and Defense

3.4.5: Others

4. Market Trends and Forecast Analysis by Region from 2017 to 2028

4.1: Global Micro LED Display Market by Region

4.2: North American Micro LED Display Market

4.2.1: North American Micro LED Display Market by Application: General Lighting and Automotive Lighting

4.2.2: North American Micro LED Display Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others

4.3: European Micro LED Display Market

4.3.1: European Micro LED Display Market by Application: General Lighting and Automotive Lighting

4.3.2: European Micro LED Display Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others

4.4: APAC Micro LED Display Market

4.4.1: APAC Micro LED Display Market by Application: General Lighting and Automotive Lighting

4.4.2: APAC Micro LED Display Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others

4.5: ROW Micro LED Display Market

4.5.1: ROW Micro LED Display Market by Application: General Lighting and Automotive Lighting

4.5.2: ROW Micro LED Display Market by End Use Industry: Consumer Electronics, Automotive, Advertisement, Aerospace and Defense, and Others

5. Competitor Analysis

5.1: Application Portfolio Analysis

5.2: Operational Integration

5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.1.1: Growth Opportunities for the Global Micro LED Display Market by Application

6.1.2: Growth Opportunities for the Global Micro LED Display Market by End Use Industry

6.1.3: Growth Opportunities for the Global Micro LED Display Market by Region

6.2: Emerging Trends in the Global Micro LED Display Market

6.3: Strategic Analysis

6.3.1: New Application Development

6.3.2: Capacity Expansion of the Global Micro LED Display Market

6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Micro LED Display Market

6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

7.1: Aledia

7.2: LG Display

7.3: PlayNitride Inc.

7.4: Rohinni LLC

7.5: Nanosys

.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.

Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.

Micro LED Display Market Size, Share & Analysis to 2028 (3)

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.

Micro LED Display Market Size, Share & Analysis to 2028 (4)

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Micro LED Display Market Size, Share & Analysis to 2028 (2024)

FAQs

Micro LED Display Market Size, Share & Analysis to 2028? ›

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Micro LED Display estimated at USD 950 million in the year 2022, is projected to reach a revised size of USD 6618.7 million by 2028, growing at a CAGR of 38.2Percent during the forecast period 2022-2028.

What is the market forecast for microLED? ›

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Micro LED Display estimated at USD 950 million in the year 2022, is projected to reach a revised size of USD 6618.7 million by 2028, growing at a CAGR of 38.2Percent during the forecast period 2022-2028.

How big is the mini LED display market? ›

What is the global market size of Mini LED Market? Global Mini LED Market size was valued at USD 411.2 million in 2021 and is poised to grow from USD 594.1 million in 2022 to USD 16297.85 million by 2030, growing at a CAGR of 44.48% in the forecast period (2023-2030).

How big is the LED display market? ›

The Global Outdoor LED Display Market Size was valued at USD 7.58 Billion in 2022 and the worldwide outdoor LED display market size is expected to reach USD 29.87 Billion by 2032, according to a research report published by Spherical Insights & Consulting.

What is the CAGR of the microLED market? ›

The Micro-LED Market Size is Expected to reach USD 21,169 million by 2027 from USD 592 million in 2021 and , at a CAGR of 81.5% between 2021 and 2027.

What is the future of LED display technology? ›

LED is Here to Stay

As you can see, the future of LED displays is bright, and there is still a lot of potential for growth and innovation in the years to come. From higher resolutions to curved and flexible displays to more advanced interactive capabilities, there are many exciting developments on the horizon.

Why is MicroLED better than OLED? ›

MicroLED prototype displays have been shown to offer up to 10 times more brightness than the best OLED panel while being significantly more power efficient, making them an exciting new technology in the world of displays.

What is the future of Mini LED TV? ›

MiniLED QD TVs have increased shares and shipments with higher display performance, higher resolutions (4K and 8K), larger screen sizes up to 98 inches (higher production from 10.5 Gen fabs), and more product options in 2022. They are expected to increase shares and shipments in 2023 and beyond.

Who is the biggest LED screen manufacturer? ›

List of Top Display Companies in the world:
  • Innolux Corporation. ...
  • Leyard Optoelectronic Co., Ltd. ...
  • LG Display Co. Ltd. ...
  • Qisda Corporation. Establishment: 1984. ...
  • Samsung Electronics Co. Ltd. ...
  • Seiko Epson Corporation. Establishment: 1942. ...
  • Sharp Corporation. Establishment: 1912. ...
  • Sony Group Corporation. Establishment: 1946.

Is Mini LED close to OLED? ›

While Mini LEDs do improve upon standard LED technology, it doesn't match the complete overall that OLED offers. That said, OLED TVs are generally more expensive, and those looking for the best 8K TV will find a greater selection in Mini LED than they will with OLED.

How big is the display technology market? ›

According to Precedence Research, the global displays market size was valued at USD 168.43 billion in 2022 and it is projected to hit around USD 297.1 billion by 2030, expanding growth at a CAGR of 7.35% from 2022 to 2030.

What is the value of the display market? ›

Display Market Size And Forecast. Display Market size was valued at USD 131.49 Billion in 2021 and is projected to reach USD 182.90 Billion by 2030, growing at a CAGR of 3.81% from 2023 to 2030.

What is the size of the display industry? ›

Scope of the Report
Report MetricDetails
Estimated Market SizeUSD 157.8 billion in 2023
Projected Market SizeUSD 187.8 billion by 2028
Growth RateCAGR of 3.5%
Market size available for years2019–2028
7 more rows

What is a good CAGR for market growth? ›

A good CAGR for an industry is 8% to 12% for large companies, while for high-risk companies, a good CAGR is between 15% to 25%. CAGR stands for Compound Annual Growth Rate, a ratio to extrapolate a constant rate of return over several years. In other words, the constant growth rate over multiple years.

What is the refresh rate of Microled? ›

Spec-wise, the Micro LED CX outputs 20-bit black detail at a 240Hz refresh rate – most TV panels are 60Hz – with a two-nanosecond response time, all of which enhances motion smoothness.

How big is the global LED market? ›

The LED lighting market size was USD 77.79 billion in 2021 and is projected to grow from USD 85.02 billion in 2022 to USD 264.08 billion by 2029, exhibiting a CAGR of 17.6%. Based on the analysis, the global market exhibited a decline of -2.6% in 2020 as compared to 2019.

What is the refresh rate of microLED? ›

Spec-wise, the Micro LED CX outputs 20-bit black detail at a 240Hz refresh rate – most TV panels are 60Hz – with a two-nanosecond response time, all of which enhances motion smoothness.

What are the disadvantages of microLED? ›

The requirement of specific machinery and facilities make it expensive to manufacture micro LEDs. ➨It requires some time for mass transfer technology to get mature. This makes it difficult for micro LEDs to become commercial products.

Why are microLED TVs so expensive? ›

That means each pixel needs to be manufactured and installed one at a time. Even with the latest in robotic manufacturer, this makes manufacturing microLED TVs a very time-consuming and costly process.

What brands are microLED? ›

The top developers or manufacturers of Micro LED display are Apple, LG display, AU Optronics, Oculus, Sony, PRP Optoelectronics, Plessey Semiconductor etc.

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