Press release
Micro-LED Market Anticipated to grow at a CAGR 38.2% by 2027
In 2020, the global Micro-LED market size was US$ 6 million and it is expected to reach US$ 6618.7 million by the end of 2027, with a CAGR of 38.2% during 2021-2027.The Market Research on the “Micro-LED Market 2021-2027”, now available with Market Insights Reports, Introduces systematic details in terms of market valuation, market size, revenue estimation, and geographical spectrum of the business vertical. The Micro-LED market report offers an overview of top company profiles with the business value and demand status of the industry. The report also helps the user to understand the market in terms of its definition, segmentation, market potential, influential trends, and therefore the challenges that the market is facing. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Micro-LED investments from 2021 till 2027.
The prominent players in the Global Micro-LED Market:
Samsung Electronics, Apple, Sony, Jbd, Lumens, LG Display, Innolux Corporation, VueReal, Plessey Semiconductors, AU Optronics, Lumiode, eLux, Inc. and Others.
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Market Overview: -
Micro-LED, also known as microLED, mLED or LED, is an emerging flat panel display technology. Micro-LED displays consist of arrays of microscopic LEDs forming the individual pixel elements. When compared to the widespread LCD technology, Micro-LED displays offer better contrast, response times, and energy efficiency.
Along with OLEDs, Micro-LED are primarily aimed at small, low-energy devices such as smartwatches and smartphones. OLED and Micro-LED both offer greatly reduced energy requirements compared to conventional LCD systems. Unlike OLED, Micro-LED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.
Japan is the largest Micro-LED market with about 39% market share. North America is follower, accounting for about 3% market share.
The key players are Samsung Electronics, Apple, Sony, Jbd, Lumens, LG Display, Innolux Corporation, VueReal, Plessey Semiconductors, AU Optronics, Lumiode, eLux, Inc. etc. Top 3 companies occupied about 96% market share.
Industry News: -
Samsung MICRO LED Opens a New Era of Breathtaking Picture Quality and Design
Samsung Electronics announced the launch and pre-sale of the groundbreaking 110” Samsung MICRO LED beginning today in Korea. Unlike any other displays currently available on the market, Samsung MICRO LED delivers astonishing color vibrancy and brightness with self-emissive LED display technology.
(Source: - news.samsung.com)
Based on Types, The Micro-LED Market is segmented into:
Small Sized Panels
Medium Sized Panels
Large Size Panels
Based on Application, The Micro-LED Market is segmented into:
Cellphone
Wearable Watch Device
AR/VR
TV
Others (Automotive Display, etc.)
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Micro-LED Market these regions, from 2021 to 2027 (forecast), covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia–Pacific (China, Japan, Korea, India, and Southeast).
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Major Highlights of TOC
Chapter 1: Report Overview
Chapter 2: Global Growth Trends
Chapter 3: Competition Landscape by Key Players
Chapter 4: Industry Analysis by Regions
Chapter 5: Industry Analysis by Type
Chapter 6: Industry Analysis by Applications
Chapter 7: Key Companies Profiled
Chapter 8: Industry Manufacturers Cost Analysis
Chapter 9: Marketing Channel, Distributors, and Customers
Chapter 10: Market Dynamics
Chapter 11: Industry Forecast
Chapter 12: Research Findings and Conclusion
Chapter 13: Methodology and Data Source
Finally, the Micro-LED market report offers a complete and detailed study of the global Micro-LED market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter’s five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except this, market insight reports will provide customization as per specific demands.
The report has 150+ tables and figures browse the full report description and TOC:
https://www.marketinsightsreports.com/reports/07303127017/global-micro-led-market-size-manufacturers-supply-chain-sales-channel-and-clients-2021-2027?Mode=18
Customization of the Report: This report will be customized as per your needs for extra data up to 3 companies or 3 countries or nearly 40 analyst hours.
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides US and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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