Micro LED Display Market By 2024 Top Key Players: LG Display, Apple, Samsung Electronics, Sony, Sharp Electronics, Epistar, Oculus VR, AU Optronics, X-Celeprint, JBD, VerLASE Technologies, Aledia, ALLOS Semiconductors, Mikro Mesa Technologies, PlayNitride

Market Overview: -

According to a new research report by Global Market Insights, Inc., Global Micro LED Display Market size is set to exceed USD 14 billion by 2024. 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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Top Key Players: -

The key players in the micro LED display market are LG Display, Apple, Inc., Samsung Electronics, Sony, Sharp Electronics, Epistar, Oculus VR, AU Optronics, X-Celeprint, JBD, VerLASE Technologies, and Aledia. The newness of the industry is encouraging investments from innovators such as ALLOS Semiconductors, Mikro Mesa Technologies, PlayNitride, Plessey Semiconductors, VueReal, and Ostendo Technologies.

Market share calculation in this report is not done based on companies covered in it. The calculation of micro LED display market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

Germany micro LED display market growth will witness a surge over the forecast timespan due to the increasing usage of wearable devices in the country. The consumers are demanding technologically-advanced and visually-appealing gadgets as wearable devices. Wearable device manufacturers are continuously innovating to develop the product according to the consumer requirements. Micro LED allow manufacturers to develop products, such as smartwatches, making them lightweight, compact, and energy-efficient.

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.

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Partial Chapter of the Table of Content

Chapter 3. Micro LED Display Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2018 – 2024
3.2.1. Evolution of LED displays
3.2.2. LED industry landscape, 2013 – 2024
3.2.2.1. North America
3.2.2.2. Europe
3.2.2.3. Asia Pacific
3.2.2.4. Latin America
3.2.2.5. MEA
3.2.3. AR/VR headsets industry landscape, 2013 – 2024
3.2.3.1. North America
3.2.3.2. Europe
3.2.3.3. Asia Pacific
3.2.3.4. Latin America
3.2.3.5. MEA
3.2.4. Smartwatch industry landscape, 2013 – 2024
3.2.4.1. North America
3.2.4.2. Europe
3.2.4.3. Asia Pacific
3.2.4.4. Latin America
3.2.4.5. MEA
3.2.5. Smartphone industry landscape, 2013 – 2024
3.2.5.1. North America
3.2.5.2. Europe
3.2.5.3. Asia Pacific
3.2.5.4. Latin America
3.2.5.5. MEA
3.2.6. LED TV industry landscape, 2013 – 2024
3.2.6.1. North America
3.2.6.2. Europe
3.2.6.3. Asia Pacific
3.2.6.4. Latin America
3.2.6.5. MEA
3.2.7. Digital signage industry landscape, 2013 – 2024
3.2.7.1. North America
3.2.7.2. Europe
3.2.7.3. Asia Pacific
3.2.7.4. Latin America
3.2.7.5. MEA
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.2. Display manufacturers
3.3.3. Electronic device manufacturers
3.3.4. Service providers
3.3.5. Distributors
3.3.6. Vendor matrix
3.4. Technology and innovation landscape
3.5. Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Increasing demand for brighter and power-efficient displays for electronic devices
3.6.1.2. Increasing penetration of near-to-eye devices in the U.S.
3.6.1.3. Increasing usage of near-to-eye devices in healthcare and corporate sectors
3.6.1.4. Adoption of advanced displays in HUD in automobile industry
3.6.1.5. Growing penetration of technology in digital signage applications in Germany
3.6.1.6. Increasing usage of wearable devices in France and Italy
3.6.1.7. Increasing investment for technological advancements in Asia Pacific
3.6.1.8. Penetration of smartphones in MEA
3.6.1.9. Increasing use of AR/VR headsets in gaming in Latin America
3.6.2. Industry pitfalls & challenges
3.6.2.1. High costs for mass production
3.6.2.2. Lack of awareness among electronic component manufacturers
3.6.2.3. Lack of standardization and patent registrations
3.6.2.4. High costs required to manufactures large panel displays
3.7. Growth potential analysis
3.8. Porter's analysis
3.8.1. Supplier power
3.8.2. Buyer power
3.8.3. Threat of new entrants
3.8.4. Threat of substitutes
3.8.5. Internal rivalry
3.9. Competitive landscape, 2018
3.9.1. Strategy dashboard
3.9.2. Investment landscape
3.10. PESTEL analysis

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MicroLED 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.

Small panel size in micro LED display market is anticipated to grow rapidly to reach revenue share of over 30% by 2024 due to the surging demand for small devices such as smartphones, near-to-eye devices and smartwatches. These components have several advantages over currently used OLED technology such as high degree of luminance, powerful contrast, and low operating temperatures. Furthermore, these devices owing to their low power consumption run for longer a life-span as compared to the traditional components. This is encouraging the manufacturers of handheld devices to increasingly implement these components in the devices.

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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