List of FiguresFigure 1: Global Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 2: Global Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 3: Global Micro-LED Market Share By Panel Size (2016, 2021 & 2027F)
Figure 4: North America Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 5: North America Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 6: North America Micro-LED Market Share By Panel Size (2016, 2021 & 2027F)
Figure 7: US Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 8: US Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 9: Canada Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 10: Canada Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 11: Mexico Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 12: Mexico Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 13: Europe Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 14: Europe Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 15: Europe Micro-LED Market Share By Panel Size (2016, 2021 & 2027F)
Figure 16: Germany Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 17: Germany Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 18: UK Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 19: UK Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 20: France Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 21: France Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 22: Italy Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 23: Italy Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 24: Spain Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 25: Spain Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 26: Russia Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 27: Russia Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 28: Asia-Pacific Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 29: Asia-Pacific Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 30: Asia-Pacific Micro-LED Market Share By Panel Size (2016, 2021 & 2027F)
Figure 31: China Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 32: China Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 33: Japan Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 34: Japan Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 35: India Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 36: India Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 37: Australia Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 38: Australia Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 39: South Korea Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 40: South Korea Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 41: Latin America, Middle East & Africa Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 42: Latin America, Middle East & Africa Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 43: Latin America, Middle East & Africa Micro-LED Market Share By Panel Size (2016, 2021 & 2027F)
Figure 44: Latin America Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 45: Latin America Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 46: Middle East & Africa Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 47: Middle East & Africa Micro-LED Market Share By End User (2016, 2021 & 2027F)
Figure 48: Market Attractiveness Index, 2021
Figure 49: Market Attractiveness Index, 2027F
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Micro-LED Market Share By Region (2016, 2021 & 2027F)
Table 5: Global Micro-LED Market Share By Country
Table 6: Global Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 7: Global Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 8: North America Micro-LED Market Share By Country (2016, 2021 & 2027F)
Table 9: North America Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 10: North America Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 11: US Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 12: US Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 13: Canada Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 14: Canada Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 15: Mexico Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 16: Mexico Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 17: Europe Micro-LED Market Share By Country (2016, 2021 & 2027F)
Table 18: Europe Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 19: Europe Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 20: Germany Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 21: Germany Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 22: UK Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 23: UK Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 24: France Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 25: France Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 26: Italy Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 27: Italy Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 28: Spain Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 29: Spain Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 30: Russia Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 31: Russia Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 32: Asia-Pacific Micro-LED Market Share By Country (2016, 2021 & 2027F)
Table 33: Asia Pacific Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 34: Asia Pacific Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 35: China Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 36: China Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 37: Japan Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 38: Japan Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 39: India Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 40: India Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 41: Australia Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 42: Australia Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 43: South Korea Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 44: South Korea Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 45: Latin America, Middle East & Africa Micro-LED Market Share By Region (2016, 2021 & 2027F)
Table 46: Latin America, Middle East & Africa Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 47: Latin America, Middle East & Africa Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 48: Latin America Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 49: Latin America Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 50: Middle East & Africa Micro-LED Market Share By Application (2016 - 2021 & 2022E - 2027F)
Table 51: Middle East & Africa Micro-LED Market Share By Display Application (2016 - 2021 & 2022E - 2027F)
Table 52: Key Facts of LuxVue Technology (Apple Inc.)
Table 53: Key Facts of Oculus VR Inc. (Meta Inc.)
Table 54: Key Facts of Sony Corporation
Table 55: Key Facts of Samsung Electronics Co., Limited
Table 56: Key Facts of LG Display Co. Limited
Table 57: Key Facts of Innolux Corporation
Table 58: Key Facts of Epistar Corporation
Table 59: Key Facts of Ostendo Technologies, Inc.
Table 60: Key Facts of JBD Inc.
Table 61: Key Facts of Rohinni LLC
Table 62: Key Facts of Optovate Limited
Table 63: Key Facts of Aledia SA
Table 64: Key Facts of Plessey Semiconductors Limited
Table 65: Key Facts of VueReal Inc.
Table 66: Key Facts of ALLOS Semiconductors GmbH
Featured Companies
1. Samsung Electronics Co., Limited
2. Sony Corporation
3. LuxVue Technology (Apple Inc.)
4. Oculus VR Inc. (Meta Inc.)
5. LG Display Co. Limited
6. Innolux Corporation
7. Epistar Corporation
8. Ostendo Technologies, Inc.
9. JBD Inc.
10. Rohinni LLC
11. Optovate Limited
12. Aledia SA
13. Plessey Semiconductors Limited
14. VueReal Inc.
15. ALLOS Semiconductors GmbH
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Featured Companies
1. Samsung Electronics Co., Limited
2. Sony Corporation
3. LuxVue Technology (Apple Inc.)
4. Oculus VR Inc. (Meta Inc.)
5. LG Display Co. Limited
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According to the report “Global Micro-LED Market Outlook, 2027”, published by Bonafide Research, the Micro-LED market is anticipated to grow at a CAGR of more than 81% in value by the end of the forecast period. Increasing demand for premium electronic products like smartphones, Near-to-eye Devices (AR and VR), televisions, smartwatches are key drivers of the Micro-LED market during the forecasted period. MicroLED also called mLED or µLED, is an emerging technology that consists of arrays of tiny LEDs forming the individual pixel elements. Micro-LED is a self-emitting technology that uses very microscopic LEDs. It uses a TFT (thin-film transistor) circuit to control every single pixel which is the same as other display technologies. Unlike LCD, a self-emitting display does not require a backlight. Compared to widespread LCD technology, Micro-LED displays offer higher contrast, response times and reduced energy requirements compared to conventional LCD displays and also offer pixel-level light control and a high contrast ratio. MicroLED technology was first introduced in 2000 by the research group of Hongxing Jiang and Jingyu Lin of Texas Tech University during they were at Kansas State University. Following the first report of electrical injection MicroLEDs based on indium gallium nitride (InGaN) semiconductors. Various on-chip connection schemes of MicroLED pixel arrays have been employed allowing for the development of single-chip high voltage DC/AC-LEDs to address the compatibility issue between the high voltage electrical infrastructure and low voltage operation nature of LEDs and high brightness self-emissive micro displays. In 2012, Sony Corporation demonstrated the first micro-LED TV (55", Full-HD) which they named as Crystal-LED but it was never reached the market, in 2016 the company launched its large-area outdoor micro-LED displays which termed as a Canvas Display. After two years, Samsung was the first company to lunched MicroLED to the consumer market called “The Wall”. In the past few years, consumer interest and demand for large screen TVs has continued to grow rapidly. In Global Market, the Asia Pacific region is leading the market and has the fastest CAGR throughout the forecast periods. China and South Korea are the leading countries in the Asia Pacific region. Followed by the Asia Pacific, North America is contributing around 37% in 2021. The Micro-LED market is segmented based on applications such as display and lighting. The major application of Micro-LED in the display is Near-to-eye Devices (AR and VR), Television, Smartphone & Tablet, Monitor & Laptop, Head-up Display, and Digital Signage. NTE devices such as AR & VR are contributed more than 25% in 2021 and led the market share in the forecasted period. Currently, By the End-user segment, the consumer electronics industry is leading the market throughout the forecast period and contributed approx. 56% in MicroLED Market. Impact of Covid-19 on Micro-LED market: In 2020, a sudden outbreak of the COVID-19 pandemic has impacted the demand for Micro-LED globally. In the same year, the micro-LED market reported negative growth due to the imposition of lockdown in almost all the major countries which is disrupted the supply chain, halted manufacturing activities, and impacted research and development activities, resulting in delayed production. Major Companies present in the market: LuxVue Technology (Apple Inc.), Oculus VR Inc. (Meta Inc.) , Sony Corporation , Samsung Electronics Co., Limited , LG Display Co. Limited ,Innolux Corporation, Epistar Corporation, Ostendo Technologies, Inc, JBD Inc., Rohinni LLC , Optovate Limited, Aledia SA, Plessey Semiconductors Limited , VueReal Inc., ALLOS Semiconductors GmbH. Considered in this report • Geography: Global • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Global Micro-LED market with its value and forecast along with its segments • Region-wise Micro- market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions covered in the report • North America • Europe • Asia-Pacific • LAMEA (Latin America, Middle East & Africa) By Panel Size in the report: • Micro Display • Small & Medium-sized • Large Panel By Application in the report: • Display • Smartwatch • Near-to-eye Devices (AR and VR) • Television • Smartphone and Tablet • Monitor and Laptop • Head-up Display • Digital Signage • Others • Lighting By End User in the report: • Consumer Electronics • Automotive • Aerospace and Defense • Other End Users The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Micro-led & LED industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. This report would help you answer the following questions: 1. At what rate the global Micro-LED market will grow in forecast period? 2. What are the Application of Micro-LED? 3. Who is the leading End Users industry used Micro-LED most? 4. Which Application of Micro-LED is leading the market? 5. What is the impact of COVID-19 on the Micro-LED Market?
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