Micro-LED is a technology used in a display that consists of microscopic light-emitting diode (LEDs) arranged to form an individual pixel element. Each micro pixel of micro-LED emits light (pixel) to produce the picture and add a different color. One of the biggest advantage of microLED is that it is highly power-efficient. The Micro-LED is available in three panel size, including micro display, small & medium sized panel, and large panel. The MicroLED are brighter as compared to the ordinary OLEDS.

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Increasing demand for more power-efficient display screens in smartwatches, smart devices, and AR/VR devices is the key factor contributing to the growth of the global Micro-LED market. Various multinational giants are focusing on technological development to capture the growing demand of the market. In addition to this, the drastic rise in the demand for consumer electronics will further create numerous growth opportunities in the market. The Micro-LED have significantly brighter light, provides ultrahigh definition picture quality, improves color saturation, and consumes less energy as compared to OLEDs and LCDs. Moreover, the increasing penetration of smart devices such as smartphones, iPad, laptops, and television, will further propel the demand for Micro-LED market at the global level. However, the easy availability of cheaper substitute products such as OLED will restraint the growth of the market globally.

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Various notable players in the market includes Sony Corporation, Apple Inc., Philips Lighting N.V., Samsung Electronics Co., Ltd, LG Electronics Co., Ltd, Glo AB, JBD Inc., Aledia, Epistar Corp, X-Celeprint, among others.

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The global Micro-LED market has been segmented on the basis of application, panel size, vertical and region. Based on application, the market is segmented into Display and Lighting. Based on display, the market is segmented into Near-To-Eye (NTE) Devices, Smartwatch, Television, Head-Up Display (HUD), Smartphone & Tablet, Monitor & Laptops and Digital signage. Based on lighting, the market is segmented into General Lighting and Automotive Lighting. Based on the panel size, the market is segmented into microdisplay, small & medium sized panel and large panel. Based on the vertical, the market is segmented into Consumer Electronics, Advertisement, Automotive, Aerospace & Defense, Energy & Power, Architecture & Construction, Entertainment & Sports, Retail, Residential and Others.

Key questions answered in this research report:

At what pace is global Micro-LED market growing? What will be the growth trend in the future?
What are the key drivers and restraints in Micro-LED market? What will be the impact of drivers and restraints in the future?
What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Micro-LED market?
Which vertical generated maximum revenues in 2019 and identify the most promising vertical during the forecast period?
What are the various application areas of global Micro-LED market and how they are poised to grow?
What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

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