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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

Micro-LED Market: Global Forecast until 2025

  • April 2017
  • 166 pages
  • ID: 4837044
In this report:
The market for smartwatches is expected to witness a shipment of ## million units by 2020, at a high CAGR of ##.##% between 2016 and 2020, and the total market is expected to be valued at more than USD ## billion by 2020.
The market for other smart wearables such as smart bands and NTE devices is expected to witness a shipment of more than ## million units by 2020, at the highest CAGR of ##.##% between 2016 and 2020.

Summary

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"Growing demand for brighter and more power efficient display panels for different applications, growth in applications as well as adoption rate of near-to-eye devices, and growing interests from electronics giants-Apple and Sony are the top drivers for the micro-LED market increase."

The micro-LED market is projected to be valued at USD 254.1 mmillion in 2017 and is likely to reach $19921.30M by 2025, at a compound annual growth rate (CAGR) of 54.70 percent between 2019 and 2025. Growing demand for brighter and more power efficient display panels for various applications and rise in applications as well as adoption rate of near-to-eye devices are the main drivers for the market increase. Elements such as growing demand for OLED displays, high increase of the flexible display market, and adoption of folded displays for smartphones in the upcoming future are selecting the market increase.

"Smartphones are anticipated to grow at the maximal rate in the micro-LED market"

There is a huge market potential for micro-LED display devices in the consumer electronics vertical due to the growing demand for devices including smartphones and smart wearables. Smartphones are forecasted to witness high increase in shipments between 2021 and 2025. Premium smartphones in the display market usually incorporate the latest available display technology owing to superior quality pictures that it affords. Micro-LED technology, once commercialized for smartphones, is anticipated to penetrate into the premium smartphone market at an important rate.

"North America continent to hold the biggest industry size, and APAC to witness the more significant rise in the micro-LED market"

North America (NA) is forecasted to hold the biggest share of the micro-LED market due to the high adoption rate of the latest display and lighting technologies, especially in the consumer electronics and retail verticals. The industry in the APAC area is forecast to grow at the more important rate due to the presence of main display panel manufacturers, LED foundries, and brand product manufacturers in the region-companies usually launch their new products or technologies in their native regions. Early exposure to the latest display and lighting products is anticipated to be the driving factor for the increase ot the market in the consumer electronics and other sectors in Asia-Pacific.

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

The breakup of the primary participants has been shown below:

• By Company category: Tier 1 - 10 %, Tier 2 - 48.0 percent, and Tier 3 - 42.0 percent

• By Description: C-suite executives - 65.0 percent, Directors - 24.0 percent, and Others - 11.0 percent

• By Area: North America continent - 45.0 percent, Europe (EU) - 30.0 percent, Asia-Pac - 20.0 percent, and rest of the world - 5.0 percent

The report profiles the main actors in the sector. The main players decribed in this business report are Apple, Incorporated, Sony Corp., and Oculus VR, VerLASE Technologies LLC, X-Celeprint Ltd., Ostendo Technologies Inc., Cooledge Lighting Inc., Aledia, GLO AB, Rohinni LLC, and Epistar Corp..

Segment Research

This market research classifies the industry by offering, vertical, application, and area. It offers patent study and possible market value chain of the micro-LED market. The study also considers main drivers, industry restraints, opportunities, and possibilities for the sector. Top players have been strategically profiled across the value chain. Report also offers the competitive review of Top 25 actors in the industry with their product offering and strategic management.

Main highlights

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 industry verticals and applications across several areas.

2. The market research is anticipated to allow partners to comprehend the pulse of the sector through the 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, overview of the business strategies of Top 25 actors and respective product offerings, new product or prototype developments, alliances, and mergers and acquisitions.

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