According to a new market report published by Lucintel, the future of the global micro LED market looks attractive with opportunities in the consumer electronics, automotive, advertisement, and aerospace & defense industries. The global micro LED market is expected to reach an estimated $14.7 billion by 2027 with a CAGR of 80% from 2021 to 2027. The major drivers for this market are growth in smartphones and wearable devices and increasing demand for brighter and better display solutions.
In this market, display and lighting are the two applications of micro LED system. On the basis of comprehensive research, Lucintel forecasts that display will remain the largest application and it is also expected to witness the highest growth over the forecast period as increasing demand for better display solutions in smartphones, smartwatches, and AR/VR devices.
Asia Pacific will remain the largest region supported by increasing demand for consumer electronics devices, such as smartwatches, AR/VR devices, smartphones, televisions, and laptops.
Apple, Samsung Electronics, Sony Corporation, Epistar Corporation Lumens, Plessy Semiconductor, are among the major micro LED manufacturer.
Lucintel, a leading global strategic consulting and
market research firm, has analyzed the global micro LED market by end use industry, application, panel size, and region and has come up with a comprehensive research report titled
“Growth Opportunities in the Global Micro LED Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trend and forecast for the global micro LED market by application, panel size, end use industry, and region as follows:
By End Use Industry [$M shipment analysis from 2019 to 2027]:
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Consumer Electronics
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Automotive
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Advertisement
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Aerospace and Defense
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Others
By Panel Size [$M shipment analysis from 2019 to 2027]:
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Micro-Display
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Small Sized and Medium Sized Panel
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Large Panel
By Application [$M shipment analysis from 2019 to 2027]:
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Near to Eye Devices
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Smartphones & Tablets
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Smartwatches
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Televisions
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Head-up display
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Monitors and Laptops
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Digital Signage
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General Lighting
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Automotive Lighting
By Region [$M shipment analysis for 2019 – 2027]:
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United States
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Canada
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Mexico
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United Kingdom
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Germany
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Italy
This 183-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 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.
