Market Research Future (MRFR) announces the publication of its half-cooked research report micro-LED display market 2018–2023
According to Market Research Future, the market for Micro-LED Display Market is segmented on the basis of application, panel type, vertical and region.
The increasing digital signage applications integrated with micro-LED components is expected to enhance the growth of this market during the forecast period. Most of the manufacturers are continuously investing in the R&D to enhance the functionality of electronic components, thereby boosting the growth of micro LED display market. Moreover, growing trend of miniaturization of electronics such as mobile phones, smart watches among others is encouraging manufacturers to adopt micro-LED component. However, the cost of micro-LED display is high as compared to OLEDs, which in turn is hampering the growth of this market. The micro-LED display market is in its nascent stage and thus lacks standardization in manufacturing procedures. In july 2018, Samsung announced that, it is ready for mass production of micro-LED displays for both commercial and home entertainment use. The Samsung micro-LED display uses flip-chip bonding technology which interconnects semiconductor devices like integrated circuit chips to external circuitry.
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The prominent players in the micro-LED display market are Apple Inc. (LuxVue) (US), Oculus VR (InfiniLED) (US), LG Electronics Inc. (South Korea) Sony Corporation (Japan), Samsung (South Korea), X-Celeprint (Ireland), Epistar Corporation (Taiwan), GLO AB (Sweden), VerLASE Technologies (US), JBD (China), and Aledia (France), among others.
The market is segmented based on application, panel type, vertical and region.
On the basis of application, the market is segmented into smartwatch, NTE devices, television, head-up display, smartphone & tablet, monitor & laptop and digital signage. Among these, NTE devices is expected to be the fastest growing segment as NTE devices require high resolution and brightness to match the real-world visibility. Moreover, fast response time of micro-LED displays is encouraging NTE device manufacturers to adopt micro-LED displays.
Based on panel type, the market is segmented into microdisplay, small- and medium-sized panel and large panel. Among these, small and medium-sized panel is expected to show highest growth in terms of share during the forecast period. Small sized panel helps to reduce the size of the device and thus has application in smartwatches, smartphones, and near-to-eye devices. Large panel segment is dominating the market as micro-LED is being increasing used in digital signages.
On the basis of vertical, the market is segmented into consumer electronics, entertainment & advertisement, automotive, aerospace & defense and others. Among these, consumer electronics segment is dominating the market as micro-LED display is increasingly used in electronic devices such as smartphones, smartwatches, smart TVs, NTE devices among others.
The global market for micro-LED display is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of micro-LED display market is done across North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to be the fastest growing region owing to the presence of major display panel and consumer-electronics manufacturers in this region, especially in the countries such as China, Japan and South Korea. Moreover, the increasing investments of multinational companies in developing their manufacturing facilities in the Asia-Pacific region driving the growth of this market. Also, high demand of smart electronic devices from countries like India is further fueling the growth of this market. North America followed by Europe is dominating the micro-LED display market. Increasing demand of micro-LED enabled wearables in the countries such US is fueling the growth of this market.
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- LED manufacturers
- Sapphire makers
- MOCVD suppliers
- Display panel manufacturers
- Brand customers/OEMs/ODMs
- OSAT and foundries
- Display-related service providers
- Display-related associations, organizations, forums, and alliances
- Venture capitalists, financial and strategic investors, and start-ups
- Semiconductor component suppliers
- Distributors and sales firms of display panels and devices
- Technology standards organizations, forums, alliances, and associations
- Universities and research organizations
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