Micro Light Emitting Diode Market

Micro-LED, also known as microLED, mLED or ?LED, 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.
Along with OLEDs, Micro-LED are primarily aimed at small, low-energy devices such as smartwatches and smartphones. OLED and Micro-LED both offer greatly reduced energy requirements compared to conventional LCD systems. Unlike OLED, Micro-LED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.
Micro-LEDs are still too expensive and not ready for mass production yet-even after years of R&D.
Micro Light Emitting Diode Market aims to provide a comprehensive presentation of the global market for Micro Light Emitting Diode (LED), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Micro Light Emitting Diode (LED). Micro Light Emitting Diode Market contains market size and forecasts of Micro Light Emitting Diode (LED) in global, including the following market information:
Global Micro Light Emitting Diode (LED) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Micro Light Emitting Diode (LED) Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Micro Light Emitting Diode (LED) companies in 2022 (%)
The global Micro Light Emitting Diode (LED) market was valued at US$ 977.5 million in 2022 and is projected to reach US$ 8656.1 million by 2029, at a CAGR of 36.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Samsung and Apple have been pushing Micro LED technology, which makes the industry look forward to its development prospects, many companies have entered. For example: Plessey Semiconductors, AU Optronics, LG Display, Lumiode, etc. At present, Samsung technology is relatively leading.
Asia-Pacific is the largest consumption place, with a consumption market share nearly 52% in 2019. Following Asia-Pacific, North America is the second largest consumption place with the consumption market share of 44%.
Nowadays, there are five mainly applications of Micro-LED, including Cellphone, Wearable Watch Device, AR/VR, TV and Others. And Cellphone is the main application for Micro-LED, with 59% of global sales volume.
We surveyed the Micro Light Emitting Diode (LED) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Micro Light Emitting Diode (LED) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Micro Light Emitting Diode (LED) Market Segment Percentages, by Type, 2022 (%)
Small Sized Panels
Medium Sized Panels
Large Size Panels
Global Micro Light Emitting Diode (LED) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Micro Light Emitting Diode (LED) Market Segment Percentages, by Application, 2022 (%)
Cellphone
Wearable Watch Device
AR/VR
TV
Others
Global Micro Light Emitting Diode (LED) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Micro Light Emitting Diode (LED) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Micro Light Emitting Diode (LED) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Micro Light Emitting Diode (LED) revenues share in global market, 2022 (%)
Key companies Micro Light Emitting Diode (LED) sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Micro Light Emitting Diode (LED) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Samsung Electronics
Apple
Sony
Jbd
Lumens
Outline of Major Chapters:
Chapter 1: Introduces the definition of Micro Light Emitting Diode (LED), market overview.
Chapter 2: Global Micro Light Emitting Diode (LED) market size in revenue and volume.
Chapter 3: Detailed analysis of Micro Light Emitting Diode (LED) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Micro Light Emitting Diode (LED) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Micro Light Emitting Diode (LED) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.