Press release
Micro-LED Display Market is Anticipated to Grow at a CAGR of 8.8% from 2021 to 2030 | Samsung Electronics Co., Ltd., Sony Corporation, Apple Inc., Plessey, LG Electronics Inc., Epistar Corp
Micro-LED Display Market
The Global Micro-LED Display Market is estimated to value USD 561.4 million in 2021 and is projected to grow with a CAGR of XX% during the forecast period till 2030. The increase in the demand for the fine pitch panel is expected to boost the growth of the global micro LED display market in the forecasted period. These pitch panels are mainly used in applications such as outdoor displays and for business application owing to their properties such as self illuminations, vivid colours and high brightness. Whereas the high cost that is involved with the product are likely to limit the growth of the micro-LED display. But the rise in the need of home electronics is few major factors which fuel the growth of this market in the near future. On the basis of panels the micro LED display market is going to register significant growth throughout the forecast period. Due to the increasing use of the micro LED display market in smart watches, smartphones and close to eye devices. These components are significantly lower as compared to the device and this allows their adoption in smartphones and smartphone.
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Important players profiled in the Global Micro-LED Display Market include:
1. Samsung Electronics Co., Ltd.
2. Sony Corporation
3. Apple Inc.
4. Plessey
5. LG Electronics Inc.
6. Epistar Corp.
7. Ostendo Technologies
8. X-CELEPRINT
9. ALEDIA, ALLOS Semiconductors
10. Glo AB
11. Lumens
12. VueReal Technologies.
Global Micro LED Display Market Report Provides:
● Detailed overview of global micro-LED display market and materials technologies.
● Research and Analysis of the latest trend along with the annual growth rate estimates for yearly assessments.
● Market analysis of global micro LED display market demand and its application with the help of newly invented technologies and breakdown.
● Insights of market opportunities help to implement targeted customer marketing strategies for the global micro LED display market.
● Global players that are dominating the global micro LED display market with detailed insights.
Global Micro LED display Market Dynamics
With a significant CAGR over the forecast period, the global market is expected to grow. Including the product category, market analysis based on applications, region-based analysis, and the presence of the global market is presented. The study presents a thorough overview of emerging trends and competitive scenarios. The research keeps you up-to-date with major developments in the industry and lets you improve your competitor study. For example, distribution, type capability, production, benefit, demand, price, promotion forecast, and development speed were analyzed for the global industrial market requirements. The report also analyses the future growth prospects of the global market on a worldwide as well as regional basis.
In January 2021, Sony Electronics, one of the leaders in consumer and advanced display technology, launched the latest breakthrough in premium direct-view LED display – the modular Crystal LED C-series (ZRD-C12A/C15A) with high contrast and B-series (ZRD-B12A/B15A) with high brightness. Both new displays are available in two-pixel pitch sizes (P1.26mm and P1.58mm) to meet a variety of installation requirements, and they extend Sony's Crystal LED product line-up for various applications, such as corporate showrooms, lobbies, and manufacturing sites. They integrate high image quality, installation versatility, and scalability with a lower overall cost of ownership.
Global Micro LED Display Market Trends
The increasing demand for power efficient and bright display panel is also expected to boost growth of this market in the near future. Apart from this the increasing preferences of the electronic based company. The power consumption in micro LED display is less when compared to other products like LED display technologies and OLED. This is another factor which positively boost the growth of the global micro LED display market.
Regional Analysis Of Global Micro LED Display Market
The countries covered in the global micro LED display market report are the United States, Mexico, and Canada, in North America, France, Germany, UK, Netherlands, Russia, Belgium, Switzerland, Turkey, Spain, Italy, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Rest of Asia Pacific in the Asia Pacific, Saudi Arabia, South Africa, Egypt, Israel, Rest of the Middle East and Africa as a part of the Middle East and Africa Argentina, Brazil and Rest of the parts of South America as a part of South America. The Asia Pacific region is likely to grow owing to the increased shipping process for the micro LED display has increased.
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Competitive Landscape
The leading market players are adopting significant initiatives to reinforce their market presence and maintain the competition level in the global market. Not only this but also the market players play a huge role in product development, collaboration, geographical expansion, partnership models as well as agreement strategies in untapped regions.
Key market players are introducing large-scale micro-LED displays for digital signage and television applications, which is expected to drive the large-scale display segment growth. When used in display screens, the size and nature of micro-LEDs have several advantages. Their color gamut is exceptional, with perfect blacks and brightness levels exceeding one million nits. A micro-LED screen can be extremely slim, with a resolution of up to 6,000 pixels per inch (PPI) and a wide viewing angle. Micro-LED displays often have a long lifetime and can be versatile and/or transparent, which has spurred popularity in large-scale display applications.
Market Segmentation:
By Product
• Large-scale Display
• Small and Medium-sized Display
• Micro-Display
By Application
• AR/VR Headsets
• Head-up Display (HUD)
• Smartphone and Tablet
• Television
• Smartwatch
• Digital Signage
• Monitor and Laptop
By Industry Vertical
• Consumer Electronics
• Automotive
• Retail
• Government and Defense
• Advertising (Digital Signage)
• Others
By Region:
North America Micro-LED Display Market
• North America, by Country
o The U.S.
o Canada
o Mexico
• North America, by Product
• North America, by Application
• North America, by Industry Vertical
Europe Micro-LED Display Market
• Europe, by Country
o Germany
o The U.K.
o France
o Italy
o Spain
o Russia
o The Rest of Europe
• Europe, by Product
• Europe, by Application
• Europe, by Industry Vertical
Asia-Pacific Micro-LED Display Market
• Asia-Pacific, by Country
o China
o India
o Japan
o South Korea
o Australia
o The Rest of Asia-Pacific
• Asia-Pacific, by Product
• Asia-Pacific, by Application
• Asia-Pacific, by Industry Vertical
Middle East and Africa Micro-LED Display Market
• Middle East and Africa, by Country
o The UAE
o Saudi Arabia
o Qatar
o South Africa
o The Rest of Middle East and Africa
• Middle East and Africa, by Product
• Middle East and Africa, by Application
• Middle East and Africa, by Industry Vertical
South America Micro-LED Display Market
• South America, by Country
• Brazil
• Argentina
• Colombia
• The Rest of South America
• South America, by Product
• South America, by Application
• South America, by Industry Vertical
Reasons to Buy This Report:
• Market size estimation of the micro-LED display market on a regional and global basis
• Unique research usage for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market
Contact:
Quince Market Insights
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 121 364 6144
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com
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