As per the new report added by Value Market Research, the Global Micro LED Display Market was valued USD 0.4 BN (by revenue) in 2018 and is projected to reach USD 17.6 BN by 2025 with a CAGR of 75% between 2019 and 2025. Rising demand for wearable devices along with the advancement in the display technology is predominantly fueling the market growth. Growing usage of smartphone and smart watches coupled with the rising production of advanced smart electronic devices like flat TVs, Pcs, and tablets is further anticipated to propel the market growth. Moreover, the growing demand for high-resolution and energy-efficient flat display is also expected to boost the market demand over the forecast period.
Micro LED display are next-generation flat-panel technology because of its advanced features such as thinner, lightweight, brighter, and low power display. It is energy efficient and has combined features of LCD and OLED, simple in structure but has a complex manufacturing process. Each pixel creates its own light, color, and brightness which can be controlled on the pixel-level. Micro LED displays are widely used across small and low-energy devices such as smart watches, smartphones, and AR systems.
The report "Global Micro-LED Display Market Report By Product (Large Scale Display, Small & Medium Display, Micro Display), Application (Smart Phones & Tablets, PC & laptop, TV, Smart Watch And Others), Industrial Verticals (Consumer Electronics, Entertainment & Sports, Automotive, Retail, Government & Defense, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation, And Forecast, 2018-2025" cover entire current and future market scenario in conjunction with competitive panel.
Market segmentation includes product, application, industrial verticals, and region. Product segment encompasses large scale display, small & medium display, micro display. Small & medium display held the dominant position and is likely to maintain its dominance over the forecast period owing to the rising demand for wearable devices. The application incorporates smart phones & tablets, PC & laptop, TV, smart watch and others. Smartphones and tablets are gaining traction in the market owing to the rising usage of such devices especially among adult and teenagers. Industrial verticals consist of consumer electronics, entertainment & sports, automotive, retail, government & defense, others. Out of which consumer electronics has emerged as the largest end-user owing to the rising application of micro led display for the manufacture of TV, PC's, smart watches, tablets, etc. Regional segmentation covers North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is ruling the overall market and this can be accredited to the rapid adoption of display and lighting technologies in the region.
The Report Segments Global Micro LED Display Market -
Large Scale Display
Small & Medium Display
Smart Phones & Tablets
PC & laptop
By Industrial Vertical
Entertainment & Sports
Government & Defense
Players Profiled In The Report:
Aledia, Apple Inc., eLUX, LG Display, Oculus, Play Nitride, Rohinni LLC, Samsung, Sony Corporation and VueReal.
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