Global Micro Light Emitting Diode (LED) Market Growth 2024-2030

Publication ID:

LPI01246623

Publication Date:

January 4, 2024

Pages:

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Semiconductors [2]

Manufacturing (Computing & Electronics) [3]

Computing & Electronics [4]

Description:

The global Micro Light Emitting Diode (LED) market size was valued at US$ 929.3 million in 2023. With growing demand in downstream market, the Micro Light Emitting Diode (LED) is forecast to a readjusted size of US$ 9615.5 million by 2030 with a CAGR of 39.6% during review period.
The research report highlights the growth potential of the global Micro Light Emitting Diode (LED) market. Micro Light Emitting Diode (LED) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Micro Light Emitting Diode (LED). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Micro Light Emitting Diode (LED) market.
Micro-LED, also known as microLED, mLED or 碌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.
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.
Key Features:
The report on Micro Light Emitting Diode (LED) market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Micro Light Emitting Diode (LED) market. It may include historical data, market segmentation by Type (e.g., Small Sized Panels, Medium Sized Panels), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Micro Light Emitting Diode (LED) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Micro Light Emitting Diode (LED) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Micro Light Emitting Diode (LED) industry. This include advancements in Micro Light Emitting Diode (LED) technology, Micro Light Emitting Diode (LED) new entrants, Micro Light Emitting Diode (LED) new investment, and other innovations that are shaping the future of Micro Light Emitting Diode (LED).
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Micro Light Emitting Diode (LED) market. It includes factors influencing customer ' purchasing decisions, preferences for Micro Light Emitting Diode (LED) product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Micro Light Emitting Diode (LED) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Micro Light Emitting Diode (LED) market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Micro Light Emitting Diode (LED) market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Micro Light Emitting Diode (LED) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Micro Light Emitting Diode (LED) market.
Market Segmentation:
Micro Light Emitting Diode (LED) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Small Sized Panels
Medium Sized Panels
Large Size Panels
Segmentation by application
Cellphone
Wearable Watch Device
AR/VR
TV
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Samsung Electronics
Apple
Sony
Jbd
Lumens
Key Questions Addressed in this Report
What is the 10-year outlook for the global Micro Light Emitting Diode (LED) market?
What factors are driving Micro Light Emitting Diode (LED) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Micro Light Emitting Diode (LED) market opportunities vary by end market size?
How does Micro Light Emitting Diode (LED) break out type, application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Micro Light Emitting Diode (LED) Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Micro Light Emitting Diode (LED) by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Micro Light Emitting Diode (LED) by Country/Region, 2019, 2023 & 2030
2.2 Micro Light Emitting Diode (LED) Segment by Type
2.2.1 Small Sized Panels
2.2.2 Medium Sized Panels
2.2.3 Large Size Panels
2.3 Micro Light Emitting Diode (LED) Sales by Type
2.3.1 Global Micro Light Emitting Diode (LED) Sales Market Share by Type (2019-2024)
2.3.2 Global Micro Light Emitting Diode (LED) Revenue and Market Share by Type (2019-2024)
2.3.3 Global Micro Light Emitting Diode (LED) Sale Price by Type (2019-2024)
2.4 Micro Light Emitting Diode (LED) Segment by Application
2.4.1 Cellphone
2.4.2 Wearable Watch Device
2.4.3 AR/VR
2.4.4 TV
2.4.5 Others
2.5 Micro Light Emitting Diode (LED) Sales by Application
2.5.1 Global Micro Light Emitting Diode (LED) Sale Market Share by Application (2019-2024)
2.5.2 Global Micro Light Emitting Diode (LED) Revenue and Market Share by Application (2019-2024)
2.5.3 Global Micro Light Emitting Diode (LED) Sale Price by Application (2019-2024)
3 Global Micro Light Emitting Diode (LED) by Company
3.1 Global Micro Light Emitting Diode (LED) Breakdown Data by Company
3.1.1 Global Micro Light Emitting Diode (LED) Annual Sales by Company (2019-2024)
3.1.2 Global Micro Light Emitting Diode (LED) Sales Market Share by Company (2019-2024)
3.2 Global Micro Light Emitting Diode (LED) Annual Revenue by Company (2019-2024)
3.2.1 Global Micro Light Emitting Diode (LED) Revenue by Company (2019-2024)
3.2.2 Global Micro Light Emitting Diode (LED) Revenue Market Share by Company (2019-2024)
3.3 Global Micro Light Emitting Diode (LED) Sale Price by Company
3.4 Key Manufacturers Micro Light Emitting Diode (LED) Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Micro Light Emitting Diode (LED) Product Location Distribution
3.4.2 Players Micro Light Emitting Diode (LED) Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Micro Light Emitting Diode (LED) by Geographic Region
4.1 World Historic Micro Light Emitting Diode (LED) Market Size by Geographic Region (2019-2024)
4.1.1 Global Micro Light Emitting Diode (LED) Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Micro Light Emitting Diode (LED) Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Micro Light Emitting Diode (LED) Market Size by Country/Region (2019-2024)
4.2.1 Global Micro Light Emitting Diode (LED) Annual Sales by Country/Region (2019-2024)
4.2.2 Global Micro Light Emitting Diode (LED) Annual Revenue by Country/Region (2019-2024)
4.3 Americas Micro Light Emitting Diode (LED) Sales Growth
4.4 APAC Micro Light Emitting Diode (LED) Sales Growth
4.5 Europe Micro Light Emitting Diode (LED) Sales Growth
4.6 Middle East & Africa Micro Light Emitting Diode (LED) Sales Growth
5 Americas
5.1 Americas Micro Light Emitting Diode (LED) Sales by Country
5.1.1 Americas Micro Light Emitting Diode (LED) Sales by Country (2019-2024)
5.1.2 Americas Micro Light Emitting Diode (LED) Revenue by Country (2019-2024)
5.2 Americas Micro Light Emitting Diode (LED) Sales by Type
5.3 Americas Micro Light Emitting Diode (LED) Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Micro Light Emitting Diode (LED) Sales by Region
6.1.1 APAC Micro Light Emitting Diode (LED) Sales by Region (2019-2024)
6.1.2 APAC Micro Light Emitting Diode (LED) Revenue by Region (2019-2024)
6.2 APAC Micro Light Emitting Diode (LED) Sales by Type
6.3 APAC Micro Light Emitting Diode (LED) Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Micro Light Emitting Diode (LED) by Country
7.1.1 Europe Micro Light Emitting Diode (LED) Sales by Country (2019-2024)
7.1.2 Europe Micro Light Emitting Diode (LED) Revenue by Country (2019-2024)
7.2 Europe Micro Light Emitting Diode (LED) Sales by Type
7.3 Europe Micro Light Emitting Diode (LED) Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Micro Light Emitting Diode (LED) by Country
8.1.1 Middle East & Africa Micro Light Emitting Diode (LED) Sales by Country (2019-2024)
8.1.2 Middle East & Africa Micro Light Emitting Diode (LED) Revenue by Country (2019-2024)
8.2 Middle East & Africa Micro Light Emitting Diode (LED) Sales by Type
8.3 Middle East & Africa Micro Light Emitting Diode (LED) Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Micro Light Emitting Diode (LED)
10.3 Manufacturing Process Analysis of Micro Light Emitting Diode (LED)
10.4 Industry Chain Structure of Micro Light Emitting Diode (LED)
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Micro Light Emitting Diode (LED) Distributors
11.3 Micro Light Emitting Diode (LED) Customer
12 World Forecast Review for Micro Light Emitting Diode (LED) by Geographic Region
12.1 Global Micro Light Emitting Diode (LED) Market Size Forecast by Region
12.1.1 Global Micro Light Emitting Diode (LED) Forecast by Region (2025-2030)
12.1.2 Global Micro Light Emitting Diode (LED) Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Micro Light Emitting Diode (LED) Forecast by Type
12.7 Global Micro Light Emitting Diode (LED) Forecast by Application
13 Key Players Analysis
13.1 Samsung Electronics
13.1.1 Samsung Electronics Company Information
13.1.2 Samsung Electronics Micro Light Emitting Diode (LED) Product Portfolios and Specifications
13.1.3 Samsung Electronics Micro Light Emitting Diode (LED) Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Samsung Electronics Main Business Overview
13.1.5 Samsung Electronics Latest Developments
13.2 Apple
13.2.1 Apple Company Information
13.2.2 Apple Micro Light Emitting Diode (LED) Product Portfolios and Specifications
13.2.3 Apple Micro Light Emitting Diode (LED) Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Apple Main Business Overview
13.2.5 Apple Latest Developments
13.3 Sony
13.3.1 Sony Company Information
13.3.2 Sony Micro Light Emitting Diode (LED) Product Portfolios and Specifications
13.3.3 Sony Micro Light Emitting Diode (LED) Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Sony Main Business Overview
13.3.5 Sony Latest Developments
13.4 Jbd
13.4.1 Jbd Company Information
13.4.2 Jbd Micro Light Emitting Diode (LED) Product Portfolios and Specifications
13.4.3 Jbd Micro Light Emitting Diode (LED) Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Jbd Main Business Overview
13.4.5 Jbd Latest Developments
13.5 Lumens
13.5.1 Lumens Company Information
13.5.2 Lumens Micro Light Emitting Diode (LED) Product Portfolios and Specifications
13.5.3 Lumens Micro Light Emitting Diode (LED) Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Lumens Main Business Overview
13.5.5 Lumens Latest Developments
14 Research Findings and Conclusion

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