Press release
Micro LED Market is Forecasted to Reach US$ 34.94 Billion in 2028, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global micro LED market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2453/Micro-LED-Market.html#form
Report Highlights:
Market Size in 2028: US$ 34.94 billion
Growth (CAGR): 79.5% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Micro LED Market:
The global micro LED market is segmented based on application type, end-use type, and region.
Based on application type - The micro LED market has been classified into display & lighting. Display is expected to be the largest application segment in the market during the forecast period. Increasing demand for smart phone and wearables devices, increasing demand for better display solutions are some of the factors driving the growth of the segment in the market.
Based on end-use type - The micro LED market has been classified into consumer electronics, automotive, aerospace and defense, and others. The consumer electronics segment accounted for the largest market share in 2021. This is mainly attributed to the introduction of a large number of start-ups, with strong R&D investments as well growing sales of consumer electronics among millennials.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/2453/Micro-LED-Market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North American market accounted for the largest share in 2021 and is expected to grow at a significant CAGR during the review period. This growth outlook is majorly attributed to the following-
• The market growth is mainly propelled by increasing penetration of smartphones, tablets, and laptops, which will increase the adoption of the micro-LED. Also, increasing consumer spending as well as expanding the advertising sector further boosts the regional market growth.
• Asia-Pacific is expected to grow at a healthy CAGR during the review period. The regional growth is ascribed to the growing interest of major consumer electronic giants in APAC in adopting micro-LED technology. For instance, Samsung commercialized a few products into the digital signage vertical. Samsung's "The Wall" is one of the key products in the micro-LED digital signage vertical.
Micro LED Market Drivers:
Some of the key drivers listed in the report are given below.
• The growing penetration of micro-LED displays in NTE devices and premium smartphones.
• The rising demand for brighter & more power-efficient display panels for mobile devices, smartwatches, and AR / VR products and robust interest in electronics giants and interest shown by suppliers in the supply chain.
• The benefits of micro-LED such as improved brightness, lower power consumption, enhanced color saturation, ultrahigh definition picture quality, and a faster response time.
Top Companies in the Micro LED Market:
Stratview Research has identified the following companies as the top market players.
• Aledia SA (France)
• Epistar Corporation (Taiwan)
• Innolux Corporation (Taiwan)
• JBD Inc. (US)
• LG Display Co Ltd. (South Korea)
• Optovate Limited (UK)
• Plessey Semiconductors Limited (UK)
• Rohinni LLC (US)
• Samsung Electronics Co. Ltd. (South Korea)
• Semiconductor Wafer Inc (Taiwan)
• Sony Corporation (Japan)
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Micro LED Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Micro Display Market: https://www.stratviewresearch.com/2203/Micro-Display-Market.html
• OLED Display Panel Market: https://www.stratviewresearch.com/2844/oled-display-panel-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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