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Micro LED Display Market: Top Growth Pockets Promising Industy Dominance 2020-2024

Author : Ronak Bora | Published Date : 2020-09-08 

Micro LED display market has witnessed a massive growth over the recent years. Renowned technology heavyweights have been increasingly deploying micro LED display panels in smartphones, smart watches, tablets and laptops to ensure a high wavelength uniformity suitable for fine pixel pitch LED displays. For instance, South Korean electronics giant LG Electronics, has recently announced its plan of introducing a new line of micro LED displays in the industry. Christened as XLµLED, XµLED, and SµLED, LG is finalizing the paperwork to trademark these displays in the EU.

In recent times, micro LED display market has received quite a slew of investments from consumer industry giants. Apple is reported to have developed an advanced micro LED display technology for its next generation of smartwatches. Samsung too made its way to the headlines recently with its introduction of a micro LED TV at the 2018 Consumer Electronic Show.

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Micro LED display industry is remnant of tech behemoths striving hard to include small micro LED components in devices which could lead to potential reduction in size of the wearable devices. With the increasing popularity of near-to-eye devices like smartphones and smartwatches, small micro LED display market is forecast to record an enormous CAGR of 105% over 2018-2024.

Not only do small micro LEDs fit the suitability criteria in terms of size, but their properties such as high brightness, quick response time and self-illumination also contribute toward their popularity, by extension, augmenting the commercialization potential of small micro LED display market

Top Key Players In Micro LED Display Market are Apple, Inc., Cooledge, Epistar, Glo AB, Lumens, Mikro Mesa Technology, Oculus VR, Ostendo Technologies, Plassey Semiconductors, Samsung Electronics, Sony, Uiqarta, VueReal Technologies, X-Celeprint

The U.S. has emerged as a lucrative growth ground for micro LED display industry, given the robust demand for smart wearables in this region. As per reliable statistics, in 2017 alone, smartphone shipments in North America were valued at over 200 million units. Smartphone users in the U.S. are expected to grow to a staggering 230 million by the end of 2018.

 This would substantially necessitate the requirement of advanced micro LED displays, leaving an impact on the regional micro LED display industry share. Global Market Insights, Inc. projects U.S. micro LED display industry to exceed USD 7 billion by 2024.

Table Of Content:

Chapter 4.   Micro LED Display Market, By Application (Revenue, Shipment)

4.1.  Key trends in micro LED display industry by application

4.2.  AR headsets

4.2.1. Market estimates and forecast, 2018 – 2024

4.3.  VR headsets

4.3.1. Market estimates and forecast, 2018 – 2024

4.4.  HUD

4.4.1. Market estimates and forecast, 2018 – 2024

4.5.  Smartwatch

4.5.1. Market estimates and forecast, 2018 – 2024

4.6.  Smartphone

4.6.1. Market estimates and forecast, 2018 – 2024

4.7.  TV

4.7.1. Market estimates and forecast, 2018 – 2024

4.8.  Digital signage

4.8.1. Market estimates and forecast, 2018 – 2024

4.9.  Tablet

4.9.1. Market estimates and forecast, 2018 – 2024

4.10.       Laptops & desktops

4.10.1. Market estimates and forecast, 2018 – 2024

Chapter 5.   Micro LED Display Market, By Panel Size (Revenue, Shipment)

5.1.  Key trends in micro LED display market display by panel size

5.2.  Small (less than 10.5”)

5.2.1. Market estimates and forecast, 2018 – 2024

5.3.  Medium (between 10.5” and 65”)

5.3.1. Market estimates and forecast, 2018 – 2024

5.4.  Large (more than 65”)

5.4.1. Market estimates and forecast, 2018 – 2024

Chapter 6.   Micro LED Display Market, By Region (Revenue, Shipment)

6.1    Key trends by region

6.2    North America

6.2.4   U.S.

6.2.5   Canada

6.3    Europe

6.3.3   UK

6.3.4   Germany

6.3.5   France

6.3.6   Italy

6.3.7   Spain

6.4    Asia Pacific

6.4.3   China

6.4.4   India

6.4.5   Japan

6.5    Latin America

6.5.3   Brazil

6.5.4   Mexico

6.6    MEA

6.6.3   GCC

6.6.4   South Africa

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/micro-led-display-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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