Micro-LED Displays Market Scope
Growth is driven by rise in demand for bright and power-efficient display panels and increase in preference of electronic giants toward micro-LEDs display. MicroLEDs, a display technology, are small light-emitting diodes that come in a variety of colours and are placed in an array. The terms microLED, micro-LED, and mLED are also used. Micro-LEDs are a type of displays where each pixel is made up of an array of tiny light-emitting diodes (LEDs). For fine pixel pitch displays, micro-LED displays offer great wavelength uniformity. In addition, it is more advantageous than OLEDs and LCDs in terms of power efficiency, brightness, ultrahigh definition picture quality, colour saturation, and response time.
Attributes | Details |
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Study Period | 2017-2026 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Samsung (South Korea), Apple (United States), LG (South Korea), AU Optronics (Taiwan), Oculus (United States), Sony (Japan), PRP Optoelectronics (United Kingdom), Plessey Semiconductor (United Kingdom), Tianma (China), VueReal (Canada), X-Celeprint (Ireland), Nanosys (US), Jade bird display (china), aledia (Europe) and mikro mesa (United States) |
CAGR | % |
The market for the MicroLED Display is highly competitive and dominated by few key player such as Apple, Samsung, and Sony. The market has a vendor landscape that is extremely competitive. A number of businesses are also taking part in significant mergers and acquisitions as part of crucial plans to increase their market share globally. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Micro-LED Displays market throughout the predicted period.
Samsung (South Korea), Apple (United States), LG (South Korea), AU Optronics (Taiwan), Oculus (United States), Sony (Japan), PRP Optoelectronics (United Kingdom), Plessey Semiconductor (United Kingdom), Tianma (China), VueReal (Canada), X-Celeprint (Ireland), Nanosys (US), Jade bird display (china), aledia (Europe) and mikro mesa (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Verlase technologies (United States), allos semiconductors (Germany), BOE Pixey (China), eLux (United States) and EpiPix (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Micro-LED Displays market by Type , by Application (Smartphone & Tablet, TV, PC & laptop, Smartwatch and Others) and Region with country level break-up.
On the basis of geography, the market of Micro-LED Displays 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).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On May 2022, Google LLC acquire MicroLED Display startup Raxium for future AR headsets. The acquisition is aim to build google next generation of augmented reality and Virtual reality headset. Raxium will join google devices and services team and On May 2021, Nanosys the provider of quantum dot light emitting materials and technology acquired MicroLED Company glō. The acquisition strengthen the Nanosys capabilities and technological offering
On March 2021, Absen in the spring launch event showcase the new-gen MicroLED display technology and three other innovative new products globally. The products launched areAbsenicon3.0 - One-Key Remote Control for Easy LED Display Use, Aurora Series, Ultra High Brightness LED Display, JadeDragon Series, Discover the hidden beauty and On December 2021, PlayNitride Launch the four new MicroLED Display focused on the AR/VR and Automotive Applications. The four product launched by the company are 37-inch FHD Modular Micro LED Display, 1.58-inch PM Micro LED Display, 11.6-inch Automotive Micro LED Display and 7.56-inch C+QD High-Dynamic-Range Micro LED Display
Influencing Trend:
Smart glasses have given rise to MicroLED Display and is the key trend that will propel the market forward
Market Growth Drivers:
Rising demand for brighter and power efficient display boost the market growth and Rising penetration of smartphone and higher adoption of LED display in smartphones drives the market growth
Challenges:
High capital investment for different manufacturing process and equipment stymie the market growth and Price fluctuation of raw material restrict the market growth
Restraints:
High cost of display hampers the market growth and Lack of skilled workforce and technology
Opportunities:
Higher adoption of MicroLED display in the automotive industry will create lucrative growth opportunities for the market and Rise in demand for consumer electronics creates growth opportunities for the MicroLED Display market
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others