Press release
MicroLED Display Market Size, Growth, Trends, Insights, Outlook, Industry Analysis, Demand, Business Scenario and Forecasts Report 2030
MicroLED Display Market | Emergen Research
MicroLED display entails use of miniaturized LEDs with a matrix. This is a next-generation display technology composed of microscopic LEDs that self-illuminate per display pixel in the same way that an Organic Light Emitting Diode (OLED) panel does. Individual microLEDs ranging in size from one to 10 micron meters (µm) are transferred in large quantities onto an Integrated Circuit (IC) substrate, which can be rigid, flexible, transparent, or opaque. Each pixel in this LED unit is individually addressed and driven to emit light.
In addition, microLEDs are based on inorganic materials such as Gallium Nitrate (GaN), which are self-emitting and do not require a backlight. Moreover, when this LED is forward biased, electrons from semiconductor conduction band recombine with holes from valence band to produce photons that emit monochromatic colored light. MicroLEDs are gaining traction across various industries such as automotive, electronics, and others, and manufacturers are investing significantly and collaborating with other companies to develop solutions that fit into all of their respective display products.
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However, high cost associated with manufacturing microLED displays is a major challenge to market revenue growth. MicroLED displays are primarily manufactured utilizing techniques such as epitaxy, photolithography, chip fabrication, substrate interconnection, and various others. These processes as well as technologies involved necessitate a substantial amount of time and investment. In addition, global semiconductor shortage has been a major impediment to market revenue growth, and a number of major companies are engaged in development of technologies that aid in better inspection, image enhancement, light management, and others.
Competitive Terrain:
The Global MicroLED Display Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Some major companies in the global market report include Apple Inc., Sony Corporation, Aledia, eLux, Inc., LG Electronics, EPISTAR Corporation, PlayNitride Inc., VueReal, Samsung Electronics, Rohinni, Nanosys, Inc., and Jade Bird Display.
Key Highlights From the Report
The large-scale display segment accounted for moderate revenue share in 2021. Increasing application of digital flat screens for commercial purposes such as for displaying advertisements and real-time messages in retail shops, corporate offices, and public places is a key factor driving revenue growth of this segment. End-use companies prefer to install large-scale displays in their showrooms to attract and engage with potential customers and visitors more effectively. In addition, this type of display is popular due to high performance, extensive functionality, and increased durability.
The head-up display segment is expected to register a rapid revenue growth rate over the forecast period. Increasing demand from gaming and entertainment industries plays a major role in driving revenue growth of this segment. A head-up display is used in gaming and entertainment industries to enable provide users a more realistic experience. In addition, major companies are investing significantly for developing prototypes of head-up displays that can readily incorporate microLEDs and other high-end display technologies.
The consumer electronics segment accounted for a significantly large revenue share in 2021. Rapid adoption of electronic devices such as smartphones, tablets, televisions, and others, is a key factor driving revenue growth of this segment. In addition, microLED displays have longer life cycle and durability and as a result are being incorporated for various smart and connected devices such as smartphones and others.
North America market accounted for largest revenue share in 2021. Widespread application of digital screens in shopping malls, corporate showrooms, and indoor & outdoor stadiums is a major factor driving market revenue growth in this region. MicroLED enables display of high-quality images for realistic expression and also has a deep black coating that provides users with a truly immersive experience.
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The global MicroLED Display market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the MicroLED Display sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented the global microLED market based on product, application, industry, and region:
Product Outlook (Revenue, USD Million; 2019-2030)
Large-Scale Display
Small & Medium-Sized Display
Micro Display
Application Outlook (Revenue, USD Million; 2019-2030)
Smartwatches
Televisions
Head-Up Display
Smartphones & Tablets
Monitors & Laptops
Digital Signage
Industry Outlook (Revenue, USD Million; 2019-2030)
Consumer Electronics
Entertainment & Advertisement
Retail
Automotive
Aerospace & Defense
Others
Regional Outlook (Revenue, USD Million; 2019-2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
Key Benefits of Buying the Global MicroLED Display Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global MicroLED Display Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global MicroLED Display Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global MicroLED Display Market
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