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.
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 [$M shipment analysis for 2013 – 2024]:
• Display
o Near-to-Eye (NTE) Devices
 AR HMD
 VR HMD
o Smartwatch
o Television
o Head-up Display (HUD)
o Smartphone and Tablet
o Monitor and Laptop
o Digital Signage
• Lighting
o General Lighting
o Automotive Lighting
By Panel Size [$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
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 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 visit us at [email protected].
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.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the Micro-LED market by application (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), panel size (micro display, small- and medium-sized panel, large panel), end use industry (consumer electronics, automotive, advertisement, aerospace & defense, others), region( America, Europe, APAC, ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the micro-LED market?
Q.5 What are the business risks and threats to the micro-LED market?
Q.6 What are emerging trends in this micro-LED market and the reasons behind them?
Q.7 What are some changing demands of customers in the micro-LED market?
Q.8 What are the new developments in the micro-LED market? Which companies are leading these developments?
Q.9 Who are the major players in this micro-LED market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this micro-LED area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, micro-LED market?