Micro LED Display Market Size and Growth Analysis by Top Key Players Apple, Oculus VR,Ostendo Technologies, Plessey Semiconductors Ltd, Samsung Electronics, Sony, Cooledge Lighting Inc. and EPISTAR

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.

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.

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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 major players operating in the market-

1. Apple Inc.
2. Oculus VR
3. Ostendo Technologies
4. Plassey Semiconductors
5. Samsung Electronics
6. Sony
7. Cooledge
8. Epistar

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.

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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.

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.

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Some of the major companies in the micro LED display market include Apple Inc., Oculus VR, Ostendo Technologies, Plassey Semiconductors, Samsung Electronics, Sony and Cooledge, Epistar. 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.

Related Report: Wearable Display Market Size, Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2018 – 2024

Link: https://www.marketwatch.com/press-release/wearable-display-market-2018---2024-revenue-opportunity-segment-and-key-trends-2018-11-16

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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

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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