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Micro LED Display Market Opportunity By 2024 - Apple, Cooledge Lighting Inc., EPISTAR, Oculus VR, Ostendo Technologies, Plessey Semiconductors Ltd, Samsung Electronics and Sony

11-13-2018 10:31 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Micro LED Display Market

Micro LED Display Market

Micro LED Display Market size is set to exceed USD 14 billion by 2024. Increasing demand for high-performance display solutions in advanced applications, such as wearable devices and automotive, will drive the micro LED display market growth. These energy-efficient devices potentially reduce the size of the wearable devices, thus encouraging the device manufacturers to adopt these components. Furthermore, the technology allows modifications, such as transparency and flexibility, in display systems, increasing the market share.

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Some of the major companies in the micro LED display market include Apple, Cooledge Lighting Inc., EPISTAR, GLO AB, Lumens.com, Micro Mesa Technology, Oculus VR, Ostendo Technologies, Plessey Semiconductors Ltd, Samsung Electronics, Sony, Uniqarta, Inc., VueReal Technologies and 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.

By Panel Size

• Small (65”)

By Application

• AR headsets
• VR headsets
• HUD
• Smartwatch
• Smartphone
• Digital signage
• Tablet
• Laptop & desktop

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The manufacturers are increasingly investing in the technology development to enhance the functionality of these components, thus aiding the micro LED display market size. For instance, to produce these components, gallium nitride LED wafers are grown on sapphire substrates. However, some of the manufacturers are investing in research for developing gallium nitride on silicon technology to increase the uniformity in wavelength and lower the inspection costs. This will aid in the industry growth.

The development of hybrid OLED technology is expected to hamper the industry growth. In February 2018, Samsung announced that it is developing a hybrid QD OLED technology for TV panels. The technology, according to the company is highly efficient for mid-sized video panels such as TV screens. OLED micro display companies, such as eMagin, are also investing in research in this field. This will restrict the growth of the large micro LED display market.

The Asia Pacific micro LED 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.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/micro-led-display-market

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.

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

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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