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Micro LED Market By Lighting (General, Automotive), By Application (AR, VR Smartphone, Television, HUD, Monitor And Laptop, Digital Signage) – Growth, Future Prospects And Competitive Analysis 2019 – 2027

Summary
Table Of Content

Increasing demand from automotive HUDs to bolster the market growth

The Micro LED market worldwide is expected to grow with a CAGR of 81.9% during the forecast period from 2019 to 2027, starting from US$ 0.58 Bn in 2018. Developing flat display technology is called a micro-LED display, which provides invincible contrasts as well as supreme energy efficiency via microscopic LED arrays. It operates on the gallium nitride principle, which delivers extraordinary brightness, even more than an OLED display. The micro-LED display provides 30 times higher brightness and invincible efficiency than conventional OLED displays. Other advantages of micro-LED display include compact display size, improved contrast, and exceeded response time. Micro-LED display global demand is still in its emerging state. It is anticipated that rising demand for energy-efficient and brighter displays will drive the micro-LED display market over the timeframe. There is flourishing worldwide demand for micro-LED displays, which are extensively compact with excellent viewing angles. Micro-LED display implementation is currently at its peak, providing a brighter picture with a high pixel resolution and unsurpassed energy efficiency.

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Market Synopsis

VR headsets to lead the global micro-LED display demand

The demand for highly efficient HMDs and functionality improvements to support the ongoing roll-out of high-quality VR content is pushing the acceptance of micro LEDs in comparison with traditional DLP and LCOS technologies. Increasing this trend has acquired an InfiniLED from Oculus, an Irish micro LED company, the virtual reality headset provider owned by Facebook. As per Intel, the AR / VR market’s revenue opportunity remains strong, with headset hardware sales projected to exceed $48 billion by 2022. Such trends give the market studied over the forecast period a strong growth potential.

The Asia Pacific to Register the Fastest Growth

Because of the flourishing consumer electronics industry, Asia Pacific is projected to witness speedy market growth in the coming years. Conventional light is being replaced by LED lighting in emerging economies such as India and China, which contributes significantly to the region’s market. In addition, awareness of the benefits of micro-LED displays has fascinated many manufacturers of lighting. Therefore, rising investments made by LED manufacturers to improve LED display technology are expected to drive the micro-LED display market significantly.

The growing number of advanced smartphones in Latin America plays a crucial role in driving the display market for micro-LEDs. This regional growth can be attributed to the compact size, high micro-LED display resolutions, and enormous investments made by various smartphone manufacturers to integrate micro-LED displays.

Some of the prominent players operating in the micro-LED market include Sharp Electronics, Samsung Electronics, Sony, LG Display, VerLASE Technologies, AU Optronics, Apple, Inc., Lumiode, Rohini, X-Celeprint, Epistar, Oculus VR, Aledia, Lumens, Nichia, Cooledge Lighting, Plessey Semiconductors, JBD, VueReal, Ostendo Technologies, Uniqarta, ALLOS Semiconductors, PlayNitride and Mikro Mesa Technology among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The micro LED market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global micro-LED market based on application, lighting, and geography. Key segments covered in the report are as follows:

Segmentation Application Segment (2017–2027; US$ Bn)

AR
VR
Smartphone
Television
HUD
Monitor and Laptop
Digital Signage

Lighting Segment (2017–2027; US$ Bn)

General
Automotive

Geography Segment (2017–2027; US$ Bn)

North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (the Middle East & Africa, Latin America)

Unique data points of this report

Major drivers, challenges, restraints, and key trends of the global micro-LED market
Segmentation by application and lighting is provided with its regional shares.
The study provides thorough market size and forecasts for all the above-mentioned segments.
The study comprises the company profiles of key players in the micro-LED market.

Chapter 1. Preface
1.1. Report Description
1.1.1. Purpose of the report
1.1.2. Target Audience
1.1.3. USP & Key Offerings
1.2. Research Scope
1.3. Market Segmentation
1.4. Research Methodology
1.4.1. Phase 1 – Secondary Research
1.4.2. Phase 2 – Primary Research
1.4.3. Phase 3 – Expert Panel Review
1.4.4. Assumptions
1.4.5. Approach Adopted

Chapter 2. Executive Summary
2.1. Market Snapshot: Global Micro LED Market
2.2. Global Micro LED Market, By Lighting, 2018 (US$ Bn)
2.3. Global Micro LED Market, By Application, 2018 (US$ Bn)
2.4. Global Micro LED Market, By Geography, 2018 (US$ Bn)

Chapter 3. Market Dynamics
3.1. Introduction
3.2. Market Drivers
3.3. Market Growth Inhibitors
3.3.1. Impact Analysis of Drivers and Restraints
3.4. Key Market Trends
3.5. Attractive Investment Proposition, by Geography, 2018
3.6. Competitive Analysis
3.6.1. Market Positioning of Key Micro LED Vendors, 2018
3.6.2. Key Strategies Adopted by Leading Players

Chapter 4. Global Micro LED Market, By Lighting, 2017-2027 (US$ Bn)
4.1. Overview
4.2. General
4.3. Automotive

Chapter 5. Global Micro LED Market, by Application, 2017-2027 (US$ Bn)
5.1. Overview
5.2. AR
5.3. VR
5.4. Smartphone
5.5. Television
5.6. HUD
5.7. Monitor and Laptop
5.8. Digital Signage

Chapter 6. North America Micro LED Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.2. North America Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America Micro LED Market Analysis, by Country, 2017-2027 (US$ Bn)
6.4.1. U.S.
6.4.1.1. U.S. Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
6.4.1.2. U.S. Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
6.4.2. Rest of North America
6.4.2.1. Rest of North America Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
6.4.2.2. Rest of North America Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)

Chapter 7. Europe Micro LED Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Europe Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe Micro LED Market Analysis, by Country, 2017-2027 (US$ Bn)
7.4.1. Germany
7.4.1.1. Germany Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.4.1.2. Germany Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
7.4.2. UK
7.4.2.1. UK Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.4.2.2. UK Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
7.4.3. France
7.4.3.1. France Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.4.3.2. France Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
7.4.4. Italy
7.4.4.1. Italy Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.4.4.2. Italy Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.4.5.2. Rest of Europe Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)

Chapter 8. Asia-Pacific Micro LED Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.2. Asia-Pacific Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia-Pacific Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia-Pacific Micro LED Market Analysis, by Country, 2017-2027 (US$ Bn)
8.4.1. China
8.4.1.1. China Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
8.4.1.2. China Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
8.4.2. India
8.4.2.1. India Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
8.4.2.2. India Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
8.4.3. Japan
8.4.3.1. Japan Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
8.4.3.2. Japan Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
8.4.4. Rest of Asia-Pacific
8.4.4.1. Rest of Asia-Pacific Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
8.4.4.2. Rest of Asia-Pacific Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)

Chapter 9. RoW Micro LED Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.2. RoW Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. RoW Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. RoW Micro LED Market Analysis, by Country, 2017-2027 (US$ Bn)
9.4.1. MEA
9.4.1.1. MEA Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
9.4.1.2. MEA Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
9.4.2. Latin America
9.4.2.1. Latin America Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
9.4.2.2. Latin America Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)

Chapter 10. Company Profiles
10.1. SHARP ELECTRONICS
10.2. SAMSUNG ELECTRONICS
10.3. Sony
10.4. LG Display
10.5. VerLase Technology
10.6. AU Optronics
10.7. APPLE INC.
10.8. Lumiode
10.9. Rohinni
10.10. Oculus VR

List of Figures

Figure 01: Global Micro LED Market Segmentation
Figure 02: Global Micro LED Market Research Methodology
Figure 03: Top Down and Bottom Up Approach
Figure 04: Global Micro LED, By Lighting, 2018 (US$ Bn)
Figure 05: Global Micro LED, by Application, 2018 (US$ Bn)
Figure 06: Global Micro LED, by Geography, 2018 (US$ Bn)
Figure 07: Global Micro LED Market Value, 2017-2027, (US$ Bn)
Figure 08: Active Investment Proposition, By Geography
Figure 09: Market Positioning of Key Micro LED Vendors, 2018
Figure 10: Global Micro LED Market Value Contribution, By Lighting, 2018 & 2027 (%)
Figure 11: Global Micro LED Market Value Contribution, By Application, 2018 & 2027 (%)
Figure 12: North America Micro LED Market Value, 2017-2027 (US$ Bn)
Figure 13: Europe Micro LED Market Value, 2017-2027 (US$ Bn)
Figure 14: Asia-Pacific Micro LED Market Value, 2017-2027 (US$ Bn)
Figure 15: RoW Micro LED Market Value, 2017-2027 (US$ Bn)

List of Tables

Table 01: Market Snapshot: Global Micro LED Market
Table 02: Impact Indicators
Table 03: Impact Analysis of Drivers and Restraints
Table 04: North America Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 05: North America Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 06: North America Micro LED Market, By Country, 2017-2027 (USD$ Bn)
Table 07: U.S. Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 08: U.S. Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 09: Rest of North America Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 10: Rest of North America Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 11: Europe Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 12: Europe Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 13: Europe Micro LED Market, By Country, 2017-2027 (USD$ Bn)
Table 14: Germany Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 15: Germany Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 16: UK Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 17: UK Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 18: France Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 19: France Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 20: Italy Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 21: Italy Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 22: Rest of Europe Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 23: Rest of Europe Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 24: Asia-Pacific Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 25: Asia-Pacific Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 26: Asia-Pacific Micro LED Market, By Country, 2017-2027 (USD$ Bn)
Table 27: China Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 28: China Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 29: India Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 30: India Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 31: Japan Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 32: Japan Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 33: Rest of Asia-Pacific Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 34: Rest of Asia-Pacific Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 35: RoW Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 36: RoW Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 37: RoW Micro LED Market, By Country, 2017-2027 (USD$ Bn)
Table 38: MEA Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 39: MEA Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 40: Latin America Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 41: Latin America Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 42: SHARP ELECTRONICS: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 43: SAMSUNG ELECTRONICS: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 44: Sony: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 45: LG Display: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 46: VerLase Technology: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 47: AU Optronics: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 48: APPLE INC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 49: Lumiode: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 50: Rohinni: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 51: Oculus VR: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

Frequently asked questions :

What is the size of Micro LED Market?

The market for Micro LED Market is expected to reach US$ XX Bn in 2027.

What is the Micro LED Market CAGR?

The Micro LED Market is expected to see significant CAGR growth over the coming years, at 81.9%

What is the Forecast period considered for Micro LED Market?

The report is forecasted from 2019-2027.

What is the base year considered for Micro LED Market?

The base year of this report is 2018.

Who are the major players in this market?

SHARP ELECTRONICS, SAMSUNG ELECTRONICS, Sony, LG Display, VerLase Technology are some of the major players in the global market.

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