MicroLED Display Market Global Analysis 2018 Statistics Forecast 2024 | Manufacturers: Apple, Cooledge, Epistar, Lumens, Oculus VR, Ostendo Technologies, Plessey Semiconductors, Samsung Electronics, Sony, VueReal Inc., X-Celeprint

The Asia Pacific MicroLED display market is anticipated to ship over 250 thousand units in 2018 grow due to the manufacturers of electronic devices rapidly switching to these components from the traditional LED or OLED components. Furthermore, the presence of a large number of electronic device manufacturers encourages the display manufacturers in the region to adopt newer versions of technology to remain competitive in the industry.

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Germany MicroLED 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 key players in the micro-LED display market include Apple, Inc., Cooledge, Epistar, Glo AB, Lumens, Mikro Mesa Technology, Oculus VR, Ostendo Technologies, Plessey Semiconductors, Samsung Electronics, Sony, Uniqarta, VueReal Technologies, X-Celeprint.

The industry is characterized by intense competition among the players for product development such as Apple and Sony. For instance, Leyard Optoelectronics launched a micro LED wall super small pitch of about P0.9. The main application of these components is projected to be indoor surveillance displays, unlike Sony and Apple that are focusing on wearable devices applications.

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The trend of electronics miniaturization is allowing manufacturers to reduce the size of the display panels that are used in several handheld devices such as tablets & smartphones, and near-to-eye devices including AR/VR headsets. The reduction in size between each pixel lowers the total cost of displays when compared with their traditional counterparts. This increases the usability of these components in small electronic devices, such as smartwatches and smartphones, thereby propelling the MicroLED display market growth.

Small size and low power consumption ability of these devices make them suitable for the adoption in wearable devices, propelling the MicroLED display market growth. These devices are being largely adopted in AR/VR devices due to the factors such as low weight, small size, and high brightness. These benefits also encourage the adoption of the technology in devices such as smartwatches and smartphones.

The lack of standardization and design issues pertaining to small size are restraining the microdisplay LED market. Due to this, the manufacturers are facing issues in the mass manufacturing of large-size displays. The manufacturers and research entities in the industry are working on correcting the issues by developing flexible displays that can be adjusted in terms of the panel size.

MicroLED display market in digital signage applications is projected to grow significantly due to the increasing demand for the equipment in the retail sector. These components are suitable for digital signages due to their low cost and low power consumption. Digital signage demand is increasing in retail and advertising sectors. High demand from small retailers with low budgets is contributing towards the MicroLED display market growth.

Browse key industry insights spread across 270 pages with 204 market data tables & 22 figures & charts from the report, “Micro LED Display Market Size By Panel Size (Small [65”]), By Application (AR Headsets, VR Headsets, HUD, Smartwatch, Smartphone, TV, Digital Signage, Tablet, Laptop), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, Japan, South Korea, India, Taiwan, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/micro-led-display-market

Small panel size in MicroLED 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.

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https://www.gminsights.com/industry-analysis/infrared-ir-led-market

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