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Report
Micro-LED Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 148 Pages I IMARC Group
Market Overview:
The global micro-LED display market size reached US$ 248.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 8,825.3 Million by 2028, exhibiting a growth rate (CAGR) of 83.2% during 2023-2028.
A micro-light emitting diode (LED) display is a screen with microscopic LEDs of different colors arranged in an array. It is manufactured using gallium nitride, which allows the scattering of red, green, and blue (RGB) LED lights to glow brighter for a prolonged period. It offers high wavelength uniformity, increased brightness, ultra-high definition (UHD) picture quality, and improved color saturation. It also aids in reducing power consumption and offering a longer lifespan and better contrast and response time compared to other conventional technologies. As a result, micro-LED is widely used in smartwatches, micro-projectors, and ultra-high-definition (UHD) televisions (TVs).
Micro-LED Display Market Trends:
At present, improving standards of living and inflating disposable income levels of individuals represent one of the key factors positively influencing the market. In addition, the escalating demand for consumer electronics and shifting consumer preferences toward bright power-efficient display panels for high-quality lighting and minimal maintenance and energy cost are increasing the sales of micro-LED displays. Apart from this, favorable government initiatives to promote electronic manufacturing are currently supporting the market growth. In line with this, due to low power consumption characteristics, micro-LEDs are gaining immense attention in visible light communication (VLC) technology for marine exploration and underwater connectivity, which is offering lucrative growth opportunities to manufacturers. Besides this, leading manufacturers are extensively investing in research and development (R&D) activities to resolve the high-cost and complicated manufacturing processes. They are also focusing on miniaturizing size and minimizing inspection and repair time to enhance production yield. In addition, the adoption of highly efficient micro-LEDs suitable for augmented reality (AR) and virtual reality (VR) is anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global micro-LED display market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application and industry vertical.
Breakup by Product:
Micro Display
Large Scale Display
Small and Medium-sized Display
Breakup by Application:
Smartphone and Tablets
PC and Laptop
TV
Smartwatch
Others
Breakup by Industry Vertical:
Consumer Electronics
Entertainment and Sports
Automotive
Retail
Government and Defense
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aledia, eLux Inc., Innolux Corporation, Jade Bird Display, LG Display Co. Ltd. (LG Electronics Inc.), Lumens Co. Ltd., Nanosys Inc., PlayNitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co. Ltd., Sony Group Corporation and VueReal.
Key Questions Answered in This Report
1. What was the size of the global micro-LED display market in 2022?
2. What is the expected growth rate of the global micro-LED display market during 2023-2028?
3. What are the key factors driving the global micro-LED display market?
4. What has been the impact of COVID-19 on the global micro-LED display market?
5. What is the breakup of the global micro-LED display market based on the product?
6. What is the breakup of the global micro-LED display market based on the application?
7. What is the breakup of the global micro-LED display market based on industry vertical?
8. What are the key regions in the global micro-LED display market?
9. Who are the key players/companies in the global micro-LED display market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Micro-LED Display Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Product
6.1Micro Display
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Large Scale Display
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Small and Medium-sized Display
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1Smartphone and Tablets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2PC and Laptop
7.2.1 Market Trends
7.2.2 Market Forecast
7.3TV
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Smartwatch
7.4.1 Market Trends
7.4.2 Market Forecast
7.5Others
7.5.1 Market Trends
7.5.2 Market Forecast
8Market Breakup by Industry Vertical
8.1Consumer Electronics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Entertainment and Sports
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Automotive
8.3.1 Market Trends
8.3.2 Market Forecast
8.4Retail
8.4.1 Market Trends
8.4.2 Market Forecast
8.5Government and Defense
8.5.1 Market Trends
8.5.2 Market Forecast
8.6Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Aledia
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2eLux Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3Innolux Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4Jade Bird Display
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5LG Display Co. Ltd. (LG Electronics Inc.)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6Lumens Co. Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7Nanosys Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8PlayNitride Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9Plessey Semiconductors Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10Samsung Electronics Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11Sony Group Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12VueReal
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
Figure 1: Global: Micro-LED Display Market: Major Drivers and Challenges
Figure 2: Global: Micro-LED Display Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Micro-LED Display Market: Breakup by Product (in %), 2022
Figure 5: Global: Micro-LED Display Market: Breakup by Application (in %), 2022
Figure 6: Global: Micro-LED Display Market: Breakup by Industry Vertical (in %), 2022
Figure 7: Global: Micro-LED Display Market: Breakup by Region (in %), 2022
Figure 8: Global: Micro-LED Display (Micro Display) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Micro-LED Display (Micro Display) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Micro-LED Display (Large Scale Display) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Micro-LED Display (Large Scale Display) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Micro-LED Display (Small and Medium-sized Display) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Micro-LED Display (Small and Medium-sized Display) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Micro-LED Display (Smartphone and Tablets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Micro-LED Display (Smartphone and Tablets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Micro-LED Display (PC and Laptop) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Micro-LED Display (PC and Laptop) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Micro-LED Display (TV) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Micro-LED Display (TV) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Micro-LED Display (Smartwatch) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Micro-LED Display (Smartwatch) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Micro-LED Display (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Micro-LED Display (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Micro-LED Display (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Micro-LED Display (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Micro-LED Display (Entertainment and Sports) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Micro-LED Display (Entertainment and Sports) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Micro-LED Display (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Micro-LED Display (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Micro-LED Display (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Micro-LED Display (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Micro-LED Display (Government and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Micro-LED Display (Government and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Micro-LED Display (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Micro-LED Display (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: North America: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: United States: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: United States: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Canada: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Canada: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Asia-Pacific: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Asia-Pacific: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: China: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: China: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Japan: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Japan: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: India: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: India: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: South Korea: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: South Korea: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Australia: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Australia: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Indonesia: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Indonesia: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Others: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Others: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Europe: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Europe: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Germany: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Germany: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: France: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: France: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: United Kingdom: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: United Kingdom: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Italy: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Italy: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Spain: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Spain: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Russia: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Russia: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Latin America: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Latin America: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Brazil: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Brazil: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Mexico: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Mexico: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Middle East and Africa: Micro-LED Display Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Middle East and Africa: Micro-LED Display Market: Breakup by Country (in %), 2022
Figure 84: Middle East and Africa: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Global: Micro-LED Display Industry: SWOT Analysis
Figure 86: Global: Micro-LED Display Industry: Value Chain Analysis
Figure 87: Global: Micro-LED Display Industry: Porter's Five Forces Analysis
Table 1: Global: Micro-LED Display Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Micro-LED Display Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Micro-LED Display Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Micro-LED Display Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 5: Global: Micro-LED Display Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Micro-LED Display Market: Competitive Structure
Table 7: Global: Micro-LED Display Market: Key Players
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