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Micro-LED Market by Application, and Lighting ), Display Panel Size, Vertical And Geography - Global Forecast to 2025

Micro-LED Market: Global Forecast until 2025

  • May 2018
  • 155 pages
  • ID: 4837044
In this report:
The market for NTE devices such as VR HMDs is expected to witness a shipment of ~## million units by 2023, at a high CAGR of ##.##% between 2018 and 2023.
The micro-LED display market for smartphones and tablets is expected to register a shipment of ##.## million units during the commercialization year, which is expected to reach ##.## million units by 2025, at a CAGR of ##.##% between 2021 and 2025.

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Micro-LED market forecasted to grow at a Compound annual growth rate of 80.10 percent during forecast period

The micro-LED market is forecasted to grow from ~$0.6B in 2019 to ~$20.5B by 2025, at a compound annual growth rate (CAGR) of 80.10 percent between 2019 and 2025. Growing demand for brighter and more power-efficient display panels for smartwatches, mobile devices, and NTE devices is a main factor for the increase ot the market. The growing interest of electronic giants-Apple, Samsung, and Sony-and interest shown by input/component suppliers in the supply chain also contribute to the market rise. Increasing demand for OLED displays and the lack of established supply chain for micro-LED, together with distributed patent portfolios, are the main restraints for the increase ot the micro-LED market.

Micro-LED market for NTE devices to grow at topmost cagr during forecast horizon

Considering the current manufacturing capabilities, prototype development, and the involvement of leading actors, micro-LED-based smartwatches and NTE devices may enter the commercial phase in 2019.The micro-LED market for NTE devices is anticipated to grow at the highest compound annual growth rate (CAGR) between 2019 and 2025.

The luminosity and resolution of micro-LED technology would be the main driving force for the adoption of the technology in NTE devices.AR devices need high resolution and brightness to match the real-world visibility.

The quick response time of micro-LED displays is also suited for AR applications. Micro-LED display-based VR solutions can be implemented for diverse end uses, including entertainment, gaming, training, and analysis.

Asia-Pac to lead micro-LED market during projection period

Asia-Pacific is forecasted to dominate the micro-LED display market during the outlook period with the presence of leading brand product manufacturers, LED foundries, and display panel manufacturers in the territory. Samsung, LG, Sony, Sharp, Panasonic, and various others will account for main demand for micro-LED display panels by 2025.

Extensive primary audit sessions have been managed with industry leaders to determine and verify the market size of different segments and sub-segments collected by secondary research.

The breakup of the profiles of primary members taking part has been provided below:

• By Company category: Tier 1 - 25.0 percent, Tier 2 - 15.0 percent, and Tier 3 - 60.0 percent

• By Description: C-suite executives - 55.0 percent, Directors - 35.0 percent, and Others - 10.0 percent

• By Area: Asia-Pac - 25.0 percent, North America continent - 30.0 percent, and Europe (EU) - 45.0 percent

The report profiles the top actors in the sector.Main firms operating in this industry are Apple, Oculus VR, Sony, Samsung, X-Celeprint, Epistar, GLO AB, VerLASE Technologies, JBD, and Aledia, among others.

Some of the main innovators in the micro-LED market contain Mikro Mesa Technology, VueReal, Uniqarta, ALLOS Semiconductors, Plessey Semiconductors, PlayNitride, and Ostendo Technologies. Some other prominent actors in the micro-LED market contain Lumens, Lumiode, Rohinni, Cooledge Lighting, and Nichia.

Some of the prominent research institutes undertaking research in the micro-LED market are Industrial Technology Research Institute, Changchun Institute, III-V Lab, CEA Leti, Hong Kong University of Science and Technology, and Fraunhofer-Gesellschaft. Some of the input suppliers developing related materials and components in micro-LED market contain Jasper Display, Crystalwise Technology, Unimicron, Luminit, Macroblock, and Max Technologies.

Segment Research

This market research classifies the industry by application, display panel size, vertical, and area. This business report comprises drivers, industry restraints, possibilities, and opportunities pertaining to the micro-LED market; and patent review, extensive value chain study, review of the current manufacturing capability and technology status, commercialization potential in distinct devices, together with market size forecasts until 2025.

Key Benefits of Buying This Report

The analysis is expected to benefit competitors/new sector entrants in this sector in these ways:

1. This document breaks down the micro-LED market comprehensively and offers the closest industry size estimation for main applications across localities.

2. The market research is expected to benefit partners comprehend the pulse of the sector through info on drivers, market restraints, opportunities, and alternatives for the sector.

3. This industry report is likely to help partners better comprehend their players and obtain business insights on ways to enhance their rank in the business sector. The competitive outlook section includes the competitor ecosystem, with an overview of the strategies approved by key players in terms of new product or prototype developments, strategic agreements, business developments, market investments, and mergers and acquisitions.

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