Global Micro Light Emitting Diode (LED) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Micro Light Emitting Diode (LED) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Micro-LED, also known as microLED, mLED or µLED, is an emerging flat panel display technology. Micro-LED displays consist of arrays of microscopic LEDs forming the individual pixel elements. When compared to the widespread LCD technology, Micro-LED displays offer better contrast, response times, and energy efficiency.

Along with OLEDs, Micro-LED are primarily aimed at small, low-energy devices such as smartwatches and smartphones. OLED and Micro-LED both offer greatly reduced energy requirements compared to conventional LCD systems. Unlike OLED, Micro-LED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.

Micro-LEDs are still too expensive and not ready for mass production yet-even after years of R&D.

According to our (Global Info Research) latest study, the global Micro Light Emitting Diode (LED) market size was valued at US$ 1383 million in 2023 and is forecast to a readjusted size of USD 12450 million by 2030 with a CAGR of 37.3% during review period.

Samsung and Apple have been pushing Micro LED technology, which makes the industry look forward to its development prospects, many companies have entered. For example: Plessey Semiconductors, AU Optronics, LG Display, Lumiode, etc. At present, Samsung technology is relatively leading.

Asia-Pacific is the largest consumption place, with a consumption market share nearly 52% in 2019. Following Asia-Pacific, North America is the second largest consumption place with the consumption market share of 44%.

Nowadays, there are five mainly applications of Micro-LED, including Cellphone, Wearable Watch Device, AR/VR, TV and Others. And Cellphone is the main application for Micro-LED, with 59% of global sales volume.

This report is a detailed and comprehensive analysis for global Micro Light Emitting Diode (LED) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Micro Light Emitting Diode (LED) market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Micro Light Emitting Diode (LED) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Micro Light Emitting Diode (LED) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Micro Light Emitting Diode (LED) market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Micro Light Emitting Diode (LED)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Micro Light Emitting Diode (LED) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Samsung Electronics, Apple, Sony, Jbd, Lumens, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Micro Light Emitting Diode (LED) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Small Sized Panels
Medium Sized Panels
Large Size Panels

Market segment by Application
Cellphone
Wearable Watch Device
AR/VR
TV
Others

Major players covered
Samsung Electronics
Apple
Sony
Jbd
Lumens

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Micro Light Emitting Diode (LED) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Micro Light Emitting Diode (LED), with price, sales quantity, revenue, and global market share of Micro Light Emitting Diode (LED) from 2019 to 2024.

Chapter 3, the Micro Light Emitting Diode (LED) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Micro Light Emitting Diode (LED) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Micro Light Emitting Diode (LED) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Micro Light Emitting Diode (LED).

Chapter 14 and 15, to describe Micro Light Emitting Diode (LED) sales channel, distributors, customers, research findings and conclusion.