What is Micro LED Display Market Scope?
Micro LED provides various benefits such as improved color saturation and brightness, low power consumption, ultra HD picture quality, among others. MicroLED is also known as mLED, µLED or micro-LED. The micro-led display offers high wavelength uniformity for fine pixel pitch display. Growing demand for brighter & more power-efficient display panels and increasing interest of electronics giants are projected to drive the global micro-LED display market over the forecast period.
Influencing Trend:
Technology Advancement regarding Micro LED Display
Market Growth Drivers:
Increase in Demand for Bright and Power-Efficient Display Panels and Upsurge in Preference of Electronic Giants towards Micro-LED Display
Challenges:
Lack of Massive parallel and High Accuracy Pick & Place Technology and Issue related To Color Conversion and Defect Management & Testing
Restraints:
Rising Demand for OLED and Adoption of Folded Displays for Smartphones in Near Future
Opportunities:
Manufacturing of Micro-LEDs on Large Silicon Wafers and Growing Demand from Emerging Economics such as China, India, among others
The Micro LED Display market study is being classified, by Application and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Micro LED Display market throughout the predicted period.
Apple Inc. (United States), CoolEdge Lighting, Inc. (Canada), Epistar Corporation (Taiwan), GLO AB (Sweden), Lumens.com, Inc. (United States), Mikro Mesa Technology (Taiwan), Oculus VR (United States), Ostendo Technologies (United States), Samsung Electronics (South Korea) and Sony (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Uiqarta (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Micro LED Display market by Type, Application and Region.
On the basis of geography, the market of Micro LED Display has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In April 2024,Google has acquired Raxium, an innovator in single panel MicroLED display technologies, for an undisclosed sum.The acquisition of California-based startup with MicroLED technology will help Google build next generation of augmented/virtual and mixed reality headsets amid the buzz over metaverse.
In March 2019, Apple Inc. (United States) Company has announced the development of MicroLED screens in the United States. Hence, this announcement will affect the growth of the market in the future.
Key Target Audience
LED supply chain and LED manufacturers, Epi houses, Display panel manufacturers, Brand customers/OEMs/ODMs and Others
Micro LED Display Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Micro LED Display Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Micro LED Display industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.