
The global market for Micro-LED was valued at US$ 1806 million in the year 2024 and is projected to reach a revised size of US$ 16910 million by 2031, growing at a CAGR of 38.2% during the forecast period.
Micro-LED, also known as microLED, mLED or µLED, 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.
Japan is the largest Micro-LED market with about 39% market share. North America is follower, accounting for about 3% market share.
The key players are Samsung Electronics, Apple, Sony, Jbd, Lumens, LG Display, Innolux Corporation, VueReal, Plessey Semiconductors, AU Optronics, Lumiode, eLux, Inc. etc. Top 3 companies occupied about 96% market share.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Micro-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-LED.
The Micro-LED market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Micro-LED market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Micro-LED manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Samsung Electronics
Apple
Sony
Jbd
Lumens
LG Display
Innolux Corporation
VueReal
Plessey Semiconductors
AU Optronics
Lumiode
eLux, Inc.
by Type
Small Sized Panels
Medium Sized Panels
Large Size Panels
by Application
Cellphone
Wearable Watch Device
AR/VR
TV
Others (Automotive Display, etc.)
Production by Region
North America
Europe
China
Japan
South Korea
China Taiwan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Micro-LED manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Micro-LED by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Micro-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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
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1 Micro-LED Market Overview
1.1 Product Definition
1.2 Micro-LED by Type
1.2.1 Global Micro-LED Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Small Sized Panels
1.2.3 Medium Sized Panels
1.2.4 Large Size Panels
1.3 Micro-LED by Application
1.3.1 Global Micro-LED Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Cellphone
1.3.3 Wearable Watch Device
1.3.4 AR/VR
1.3.5 TV
1.3.6 Others (Automotive Display, etc.)
1.4 Global Market Growth Prospects
1.4.1 Global Micro-LED Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Micro-LED Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Micro-LED Production Estimates and Forecasts (2020-2031)
1.4.4 Global Micro-LED Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Micro-LED Production Market Share by Manufacturers (2020-2025)
2.2 Global Micro-LED Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Micro-LED, Industry Ranking, 2023 VS 2024
2.4 Global Micro-LED Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Micro-LED Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Micro-LED, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Micro-LED, Product Offered and Application
2.8 Global Key Manufacturers of Micro-LED, Date of Enter into This Industry
2.9 Micro-LED Market Competitive Situation and Trends
2.9.1 Micro-LED Market Concentration Rate
2.9.2 Global 5 and 10 Largest Micro-LED Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Micro-LED Production by Region
3.1 Global Micro-LED Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Micro-LED Production Value by Region (2020-2031)
3.2.1 Global Micro-LED Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Micro-LED by Region (2026-2031)
3.3 Global Micro-LED Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Micro-LED Production Volume by Region (2020-2031)
3.4.1 Global Micro-LED Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Micro-LED by Region (2026-2031)
3.5 Global Micro-LED Market Price Analysis by Region (2020-2025)
3.6 Global Micro-LED Production and Value, Year-over-Year Growth
3.6.1 North America Micro-LED Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Micro-LED Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Micro-LED Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Micro-LED Production Value Estimates and Forecasts (2020-2031)
3.6.5 South Korea Micro-LED Production Value Estimates and Forecasts (2020-2031)
3.6.6 China Taiwan Micro-LED Production Value Estimates and Forecasts (2020-2031)
4 Micro-LED Consumption by Region
4.1 Global Micro-LED Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Micro-LED Consumption by Region (2020-2031)
4.2.1 Global Micro-LED Consumption by Region (2020-2025)
4.2.2 Global Micro-LED Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Micro-LED Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Micro-LED Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Micro-LED Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Micro-LED Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Micro-LED Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Micro-LED Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Micro-LED Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Micro-LED Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Israel
5 Segment by Type
5.1 Global Micro-LED Production by Type (2020-2031)
5.1.1 Global Micro-LED Production by Type (2020-2025)
5.1.2 Global Micro-LED Production by Type (2026-2031)
5.1.3 Global Micro-LED Production Market Share by Type (2020-2031)
5.2 Global Micro-LED Production Value by Type (2020-2031)
5.2.1 Global Micro-LED Production Value by Type (2020-2025)
5.2.2 Global Micro-LED Production Value by Type (2026-2031)
5.2.3 Global Micro-LED Production Value Market Share by Type (2020-2031)
5.3 Global Micro-LED Price by Type (2020-2031)
6 Segment by Application
6.1 Global Micro-LED Production by Application (2020-2031)
6.1.1 Global Micro-LED Production by Application (2020-2025)
6.1.2 Global Micro-LED Production by Application (2026-2031)
6.1.3 Global Micro-LED Production Market Share by Application (2020-2031)
6.2 Global Micro-LED Production Value by Application (2020-2031)
6.2.1 Global Micro-LED Production Value by Application (2020-2025)
6.2.2 Global Micro-LED Production Value by Application (2026-2031)
6.2.3 Global Micro-LED Production Value Market Share by Application (2020-2031)
6.3 Global Micro-LED Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Samsung Electronics
7.1.1 Samsung Electronics Micro-LED Company Information
7.1.2 Samsung Electronics Micro-LED Product Portfolio
7.1.3 Samsung Electronics Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Samsung Electronics Main Business and Markets Served
7.1.5 Samsung Electronics Recent Developments/Updates
7.2 Apple
7.2.1 Apple Micro-LED Company Information
7.2.2 Apple Micro-LED Product Portfolio
7.2.3 Apple Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Apple Main Business and Markets Served
7.2.5 Apple Recent Developments/Updates
7.3 Sony
7.3.1 Sony Micro-LED Company Information
7.3.2 Sony Micro-LED Product Portfolio
7.3.3 Sony Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Sony Main Business and Markets Served
7.3.5 Sony Recent Developments/Updates
7.4 Jbd
7.4.1 Jbd Micro-LED Company Information
7.4.2 Jbd Micro-LED Product Portfolio
7.4.3 Jbd Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Jbd Main Business and Markets Served
7.4.5 Jbd Recent Developments/Updates
7.5 Lumens
7.5.1 Lumens Micro-LED Company Information
7.5.2 Lumens Micro-LED Product Portfolio
7.5.3 Lumens Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Lumens Main Business and Markets Served
7.5.5 Lumens Recent Developments/Updates
7.6 LG Display
7.6.1 LG Display Micro-LED Company Information
7.6.2 LG Display Micro-LED Product Portfolio
7.6.3 LG Display Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.6.4 LG Display Main Business and Markets Served
7.6.5 LG Display Recent Developments/Updates
7.7 Innolux Corporation
7.7.1 Innolux Corporation Micro-LED Company Information
7.7.2 Innolux Corporation Micro-LED Product Portfolio
7.7.3 Innolux Corporation Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Innolux Corporation Main Business and Markets Served
7.7.5 Innolux Corporation Recent Developments/Updates
7.8 VueReal
7.8.1 VueReal Micro-LED Company Information
7.8.2 VueReal Micro-LED Product Portfolio
7.8.3 VueReal Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.8.4 VueReal Main Business and Markets Served
7.8.5 VueReal Recent Developments/Updates
7.9 Plessey Semiconductors
7.9.1 Plessey Semiconductors Micro-LED Company Information
7.9.2 Plessey Semiconductors Micro-LED Product Portfolio
7.9.3 Plessey Semiconductors Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Plessey Semiconductors Main Business and Markets Served
7.9.5 Plessey Semiconductors Recent Developments/Updates
7.10 AU Optronics
7.10.1 AU Optronics Micro-LED Company Information
7.10.2 AU Optronics Micro-LED Product Portfolio
7.10.3 AU Optronics Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.10.4 AU Optronics Main Business and Markets Served
7.10.5 AU Optronics Recent Developments/Updates
7.11 Lumiode
7.11.1 Lumiode Micro-LED Company Information
7.11.2 Lumiode Micro-LED Product Portfolio
7.11.3 Lumiode Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Lumiode Main Business and Markets Served
7.11.5 Lumiode Recent Developments/Updates
7.12 eLux, Inc.
7.12.1 eLux, Inc. Micro-LED Company Information
7.12.2 eLux, Inc. Micro-LED Product Portfolio
7.12.3 eLux, Inc. Micro-LED Production, Value, Price and Gross Margin (2020-2025)
7.12.4 eLux, Inc. Main Business and Markets Served
7.12.5 eLux, Inc. Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Micro-LED Industry Chain Analysis
8.2 Micro-LED Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Micro-LED Production Mode & Process Analysis
8.4 Micro-LED Sales and Marketing
8.4.1 Micro-LED Sales Channels
8.4.2 Micro-LED Distributors
8.5 Micro-LED Customer Analysis
9 Micro-LED Market Dynamics
9.1 Micro-LED Industry Trends
9.2 Micro-LED Market Drivers
9.3 Micro-LED Market Challenges
9.4 Micro-LED Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Samsung Electronics
Apple
Sony
Jbd
Lumens
LG Display
Innolux Corporation
VueReal
Plessey Semiconductors
AU Optronics
Lumiode
eLux, Inc.
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*If Applicable.
