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Micro LED Lighting Market Trends and Forecast

 
The future of the micro LED lighting market looks promising with opportunities in the near to eye devices, smartphones & tablets, smartwatches, televisions, head-up display, monitors and laptops, and digital signage. The global micro LED lighting market is expected to reach an estimated $0.26 billion by with a CAGR of 66.9% from 2023 to 2028. The major drivers for this market are increasing use of these drivers for different LED lighting in automobiles and growing awareness towards adoption of energy-efficient products in the commercial and residential applications.

 
 Micro LED Lighting Market
 
A more than 150-page report is developed to help in your business decisions.  Sample figures with some insights are shown below. 

 
 Micro LED Lighting Market by Segments

Micro LED Lighting Market by Segment

The study includes a forecast for the global micro LED lighting market by application, supply type, and region, as follows:

Micro LED Lighting Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

  • General Lighting
  • Automotive Lighting

Micro LED Lighting Market by Supply Type [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Constant Current
  • Constant Voltage

Micro LED Lighting Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Micro LED Lighting Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies micro LED lighting companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the micro LED lighting companies profiled in this report include. 

Micro LED Lighting Market Insights

  • Lucintel forecasts that constant current will remain the largest segment over the forecast period due to  bypassing of the highest current selected for the LEDs and evading thermal runaway/burnout.
  • Automotive lighting is expected to remain the largest segment due to increasing usage in various applications, such as front/headlamps, rear lighting, interior lighting, and headlights so as to provide value added, safer, and pleasing experience to customers.
  • APAC will remain the largest region due to the escalating demand for high brightness LED drivers for general lighting and availability of affordable LED lighting in the region.

Features of the Micro LED Lighting Market

  • Market Size Estimates: Micro LED lighting market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Micro LED lighting market size by various segments, such as by application, supply type, and region
  • Regional Analysis: Micro LED lighting market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by application, supply type, and regions for the micro LED lighting market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the micro LED lighting market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the micro LED lighting market size?
Answer: The global micro LED lighting market is expected to reach an estimated $0.26 billion by 2028.
Q2. What is the growth forecast for micro LED lighting market?
Answer: The global micro LED lighting market is expected to grow with a CAGR of 66.9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the micro LED lighting market?
Answer: The major drivers for this market are increasing use of these drivers for different LED lighting in automobiles and growing awareness towards adoption of energy-efficient products in the commercial and residential applications.
Q4. What are the major segments for micro LED lighting market?
Answer: The future of the micro LED lighting market looks promising with opportunities in the near to eye devices, smartphones & tablets, smartwatches, televisions, head-up display, monitors and laptops, and digital signage.
Q5. Who are the key micro LED lighting companies?
Answer: Some of the key micro LED lighting companies are as follows:
  • Sony
  • X-Celeprint
  • Nanosys
  • Jade bird display
  • Aledia
Q6. Which micro LED lighting segment will be the largest in future?
Answer: Lucintel forecasts that constant current will remain the largest segment over the forecast period due to the bypassing the highest current selected for the LEDs and evading thermal runaway/burnout.
Q7. In micro LED lighting market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the escalating demand for high brightness LED drivers for general lighting and availability of affordable LED lighting in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
 

This report answers following 11 key questions

Q.1. What are some of the most promising, high-growth opportunities for the micro LED lighting market by application (general lighting and automotive lighting), supply type (constant current and constant voltage), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to micro LED lighting market or related micro LED lighting companies, micro LED lighting market size, micro LED lighting market share, micro LED lighting market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.

Table of Contents
 
1. Executive Summary

2. Global Micro LED Lighting Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Micro LED Lighting Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Micro LED Lighting Market by Application 
3.3.1: General Lighting
3.3.2: Automotive Lighting 
3.4: Global Micro LED Lighting Market by Supply Type 
3.4.1: Constant Current
3.4.2: Constant Voltage  

4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Micro LED Lighting Market by Region
4.2: North American Micro LED Lighting Market
4.2.1: North American Micro LED Lighting Market by Application: General Lighting and Automotive Lighting
4.2.2: North American Micro LED Lighting Market by Supply Type: Constant Current and Constant Voltage
4.3: European Micro LED Lighting Market
4.3.1: European Micro LED Lighting Market by Application: General Lighting and Automotive Lighting 
4.3.2: European Micro LED Lighting Market by Supply Type: Constant Current and Constant Voltage  
4.4: APAC Micro LED Lighting Market 
           4.4.1: APAC Micro LED Lighting Market by Application: General Lighting and Automotive Lighting 
4.4.2: APAC Micro LED Lighting Market by Supply Type: Constant Current and Constant Voltage  
4.5: ROW Micro LED Lighting Market 
4.5.1: ROW Micro LED Lighting Market by Application: General Lighting and Automotive Lighting 
4.5.2: ROW Micro LED Lighting Market by Supply Type: Constant Current and Constant Voltage  

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Micro LED Lighting Market by Application 
6.1.2: Growth Opportunities for the Global Micro LED Lighting Market by Supply Type  
6.1.3: Growth Opportunities for the Global Micro LED Lighting Market by Region
6.2: Emerging Trends in the Global Micro LED Lighting Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Micro LED Lighting Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Micro LED Lighting Market 
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Sony 
7.2: X-Celeprint 
7.3: Nanosys 
7.4: Jade bird display 
7.5: aledi
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.