Lucintel anticipates that Asia Pacific will be the fastest growing region in the micro-LED market

   October 3, 2019
According to a market report by Lucintel, the future of the micro-LED market looks promising with opportunities in the consumer electronics, automotive, advertisement, and aerospace and defense industries. The micro-LED market is expected to grow with a CAGR of 80% from 2019 to 2024. The major drivers for this market are increasing demand for brighter and more power-efficient display panels for smartwatches, mobile devices, and AR/VR devices; and increasing interest of electronics giants on micro LED.

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In this market, near-to-eye (NTE) devices, smartwatch, television, head-up display (HUD), smartphone and tablet, monitor and laptop, digital signage, and lighting are the major applications. Within the micro-LED market, consumer electronics, automotive, advertisement, aerospace and defense are the major end use industries. Micro display, small- and medium-sized panel, and large panel are the major panel type of the micro-LED market.

APAC will remain the largest market over the forecast period.

Apple (Luxvue), Sony, X-Celeprint, Samsung Electronics, Oculus VR (Infiniled), Epistar, Glo AB, Verlase Technologies, JBD Inc., Aledia and others are among the major manufacturers of micro-LED.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the micro-LED market by application, panel size, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Micro-LED Market 2019-2024: Trends, Forecast, and Opportunity Analysis. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the micro-LED market by application, panel size, end use industry, and region as follows:

By Application [$M shipment analysis for 2013 – 2024]:

  • Display

    • Near-to-Eye (NTE) Devices

      • AR HMD

      • VR HMD

    • Smartwatch

    • Television

    • Head-up Display (HUD)

    • Smartphone and Tablet

    • Monitor and Laptop

    • Digital Signage

  • Lighting

    • General Lighting

    • Automotive Lighting

By Panel Size [$M shipment analysis for 2013 – 2024]:

  • Micro display

  • Small- and Medium-sized Panel

  • Large Panel

By End Use Industry [$M shipment analysis for 2013 – 2024]:

  • Consumer Electronics

  • Automotive

  • Advertisement

  • Aerospace & Defense

  • Others

  • Micro-LED Market

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

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