Global Micro Light-Emitting Diode (LED) Market 2024-2028
The micro light-emitting diode (LED) market is forecasted to grow by USD 12123.6 mn during 2023-2028, accelerating at a CAGR of 71.99% during the forecast period. The report on the micro light-emitting diode (LED) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in microLEDs, increasing number of patents being registered, and integration of microled in TVs.
Technavio's micro light-emitting diode (LED) market is segmented as below:
By Product
By Type
- Micro display
- Small and medium panel
- Large panel
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the development of gan-on-si technology as one of the prime reasons driving the micro light-emitting diode (LED) market growth during the next few years. Also, growing adoption in automotive industry and increasing number of strategic partnerships and collaborations in microLED will lead to sizable demand in the market.
The report on the micro light-emitting diode (LED) market covers the following areas:
- Micro light-emitting diode (LED) market sizing
- Micro light-emitting diode (LED) market forecast
- Micro light-emitting diode (LED) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading micro light-emitting diode (LED) market vendors that include Aledia SA, ALLOS Semiconductors GmbH, Apple Inc., AUO Corp., Beijing BDK Electronics Co. Ltd., eLux Inc., EPISTAR Corp, Innolux Corp., JBD Inc., LG Electronics Inc., Lumens Co. Ltd., Nanosys Inc., Optovate Ltd., OSRAM Licht AG, PlayNitride Inc., Plessey Semiconductors Ltd., Rohinni LLC, Samsung Electronics Co. Ltd., Sony Group Corp., and VueReal Inc.. Also, the micro light-emitting diode (led) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.