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.

To download report brochure, please go to https://www.lucintel.com/micro-led-market.aspx and click "report brochure" tab

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 https://www.lucintel.com/micro-led-market.aspx or helpdesk@lucintel.com.

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 www.lucintel.com.


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