Micro-LED Market worth 19,921.3 Million USD by 2025 at a CAGR of 54.7%

Micro-LED Market worth 19,921.3 Million USD by 2025

According to the new research report Micro-LED Market by Offering (Display Panel and Lighting Device), Application (Smartwatch, NTE Device, Smartphone & Tablet, Laptop & PC Monitor, TV, HUD, Digital Signage Display, Lighting), Vertical, aqnd Geography – Global Forecast to 2025″, the micro-LED market, the market is expected to reach USD 19,921.3 Million by 2025 from USD 254.1 Million in 2017, at a CAGR of 54.7% between 2019 and 2025.

Browse 32 market data tables and 93 figures spread through 164 pages and in-depth TOC on “Micro-LED Market – Global Forecast to 2025”



Early buyers will receive 10% customization on reports.

Increasing demand for brighter and more power efficient display panels for several applications, increase in applications as well as adoption rate of near-to-eye (NTE) devices, and increasing interests from electronics giants Apple and Sony are the major drivers for the market growth. As of 2017, large format digital signage displays based on fine pixels are already commercialized.

Consumer electronics to hold the largest share of the micro-LED market between 2019 and 2025

Devices such as TV, smartphone, tablet, laptop, PC monitor, and smart wearables come under consumer electronics. These applications account for a significant share of the micro-LED market, thereby the consumer electronics industry. Rising demand for attractive and high specification display products is the main driver for the high growth and large market share of the consumer electronics vertical.

Smartphone devices to achieve highest market growth between 2021 and 2025

Smartphone is a high-volume application in terms of display panel shipments. Smartphones enabled with micro-LED displays are expected to be commercialized by 2021. Between 2021 and 2025, the shipment for micro-LED technology-based smartphones is expected to be largest compared to any other application. The adoption rate of micro-LED displays in premium smartphones is expected to rapidly increase over time, which is expected to drive the growth of the micro-LED market in smartphones. However, micro-LED display manufacturers are expected to face challenges to meet the demand–supply ratio, mainly due to the limited manufacturing capabilities during commercialization.

North America to hold the major market share of the micro-LED market between 2017 and 2025

North America, comprising the U.S., Canada, and Mexico, is expected to hold the largest share of the micro-LED market between 2017 and 2025. The U.S. is a major contributor to the growth of the North American market. Large market share in North America can be attributed to the fast adoption of the latest display and lighting technologies in consumer electronics, retail, and education industries, especially in the US.  Due to the large population in economies, such as Japan, South Korea, China, and India, coupled with the thriving consumer electronics and retail sectors, there are immense opportunities for high growth of the micro-LED market in the APAC region. Presence of various display panel manufacturers, LED foundries, and brand customers are also likely to propel e the growth of market in APAC in the near future.

Major players in the market are Apple, Inc. (U.S.), Sony Corp. (Japan), and Oculus VR (U.S.). The other leading players in the micro-LED market include VerLASE Technologies LLC (U.S.), X-Celeprint Ltd. (Ireland), Ostendo Technologies Inc. (U.S.), Cooledge Lighting Inc. (Canada), Aledia (France), GLO AB (Sweden), Rohinni LLC (U.S.), and Epistar Corp. (Taiwan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:


Mr. Rohan

MarketsandMarkets™

UNIT no 802, Tower no. 7, SEZ

Magarpatta city, Hadapsar

Pune, Maharashtra 411013, India

1-888-600-6441

Email: sales@marketsandmarkets.com

Abhimanyu Gunjal is a corporate communications associate For ICT and Cyber security at MarketsandMarkets.