MicroLED market size is estimated to be worth US$ 950 million in 2022 and is forecast to a readjusted size of US$ 6618.7 million by 2028 with a CAGR of 38.2% - Valuates Reports

Due to the COVID-19 pandemic, the global MicroLED market size is estimated to be worth US$ 950 million in 2022 and is forecast to a readjusted size of US$ 6618.7 million by 2028 with a CAGR of 38.2% during the review period.

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Fully considering the economic change by this health crisis, Small Sized Panels accounting for % of the MicroLED global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While Cellphone segment is altered to an % CAGR throughout this forecast period.

Micro-LED, also known as microLED, mLED or µLED, 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.

MicroLED Market Analysis and Insights
Increasing demand for brighter and more power-efficient display panels for smartwatches, mobile devices, and NTE (AR/VR) devices is a major factor for the growth of the market. The rising interest of electronic giants Apple, Samsung, and Sony and interest shown by input/component suppliers in the supply chain also contribute to the market growth.

In terms of production side, this report researches the MicroLED capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of MicroLED by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

MicroLED Market Scope and Segment
MicroLED market is segmented by Type and by Application. Players, stakeholders, and other participants in the global MicroLED market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

MicroLED Market Segment by Type
Small Sized Panels
Medium Sized Panels
Large Size Panels

MicroLED Market Segment by Application
Cellphone
Wearable Watch Device
AR/VR
TV
Others

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