Micro-LED Display Market by Product, Application, Industry Vertical and Region, 2018-2025

Micro-LED display is an emerging technology, which provides high luminance in a small format. Micro-LEDs are preferred over TFT, LCD, and OLED displays, owing to lower latency, high contrast ratio, high color saturation, and high quality of image. Moreover, micro-LED offers reduced energy consumptions as compared to the conventional LCD and OLED display systems.

By product, large-scale display segment was the dominant segment in 2018, and is anticipated to continue this trend during the forecast period. By application, smartwatch is anticipated to witness highest growth rate during forecasted period.

Asia-Pacific is expected to dominate the global micro-LED display market during the forecast period owing to the rise in demand for consumer electronics. In 2018, China is projected to dominate the Asia-Pacific market. The U.S. is anticipated to lead the market in North America, whereas the UK is anticipated to lead the European market in 2018.

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According to a recent report published by Allied Market Research, titled, Micro-LED Display Market by Product, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global micro-LED display market was valued at $22.9 million in 2018, and is projected to reach at $1,945.6 million by 2025, growing at a CAGR of 89.2% from 2018 to 2025.

Micro-LEDs are a class of displays in which individual pixels are formed by an array of microscopic light-emitting diodes (LEDs). Micro-LED display provides high wavelength uniformity for fine pixel pitch display. In addition, it has added advantages of less power consumption, increased brightness, ultrahigh definition picture quality, improved color saturation, and faster response rate as compared to OLEDs and LCDs.

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The growth of the micro-LED market is driven by rise in demand for bright and power-efficient display panels and increase in preference of electronic giants such as Sony and Apple towards micro-LEDs display. However, high cost of these displays is expected to restrain the market growth. On the contrary, rise in demand for consumer electronics is anticipated to provide lucrative growth opportunities for the market.

Key Findings of the Micro-LED Display Market:
On the basis of product type large-scale display is expected to generate the highest revenue in 2018.
In 2018, the consumer electronics on the basis of industry vertical segment is projected to account the highest revenue in the micro-LED display market.
LAMEA is anticipated to exhibit the highest CAGR during the forecast period.

Apple Inc., Samsung, Sony Corporation, Oculus, VueReal, LG Display, Play Nitride, eLUX, Rohinni LLC and Aledia are some of the key players operating in the global micro-LED display market.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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