Global Micro Light Emitting Diode (LED) Market Growth 2023-2029

Global Micro Light Emitting Diode (LED) Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Micro Light Emitting Diode (LED) Industry Forecast” looks at past sales and reviews total world Micro Light Emitting Diode (LED) sales in 2022, providing a comprehensive analysis by region and market sector of projected Micro Light Emitting Diode (LED) sales for 2023 through 2029. With Micro Light Emitting Diode (LED) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Micro Light Emitting Diode (LED) industry.
This Insight Report provides a comprehensive analysis of the global Micro Light Emitting Diode (LED) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Micro Light Emitting Diode (LED) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Micro Light Emitting Diode (LED) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Micro Light Emitting Diode (LED) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Micro Light Emitting Diode (LED).
The global Micro Light Emitting Diode (LED) market size is projected to grow from US$ 929.3 million in 2022 to US$ 9615.5 million in 2029; it is expected to grow at a CAGR of 9615.5 from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Micro Light Emitting Diode (LED) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Small Sized Panels
Medium Sized Panels
Large Size Panels
Segmentation by application
Cellphone
Wearable Watch Device
AR/VR
TV
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Samsung Electronics
Apple
Sony
Jbd
Lumens

Key Questions Addressed in this Report
What is the 10-year outlook for the global Micro Light Emitting Diode (LED) market?
What factors are driving Micro Light Emitting Diode (LED) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Micro Light Emitting Diode (LED) market opportunities vary by end market size?
How does Micro Light Emitting Diode (LED) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.