Europe Micro-LED Market Outlook, 2027

Europe Micro-LED Market is expected to register higher growth with 82.11% CAGR by 2027. Germany is expected to hold the highest market share.

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
  • More...

Micro-LED technology, portable devices, lighting technology are some of the examples of the technology revolution which has changed the scenario worldwide. Not so long ago there were only two displays present in a typical household: television and computer monitor. Portable device technology is changing the traditional scenario by introducing smart phones, laptop, monitor etc. Despite today’s universality of portable digital technology, the development is still at emerging phase. Various appliances which are getting used daily are becoming smart and more convenient. As the communication with these smart appliance increases, need for displays which can present data more effectively is also increasing. These displays include variety of information in smallest of spaces. Demands for Micro-LED displays are increasing. The Micro-LED technology can be used effectively in consumer electronics especially in portable devices. Besides of lighting application, Micro-LED displays can work as an independent display of content in natural colors. Important attribute to consider about the Micro-LED display is low power consumption. As Micro-LED technology works on a self-emitting technology it does not require additional back light or any other input. This directs towards the lower energy consumption. Other important benefits of Micro-LED technology are durable, less screen burn, longer lifespan, more brightness, high contrast etc.

According to the research report “Europe Micro-LED Market Outlook, 2027" published by Bonafide Research, Micro-LED market is anticipated to register higher growth with 82.11% CAGR over the forecast period. Penetration of consumer electronic devices and higher adoption of technological advancements are some of the driving factor for prominent growth of this region. Europe Micro-LED market is segmented into six major countries which are Germany, United Kingdom, France, Italy, Spain and Russia. On the basis of countries, Germany is projected to register higher market share in overall Micro-LED market growth. Increasing demands for brighter and more power efficient display panels for various applications are expected to propel the Micro-LED market growth in Europe region. In Europe, many industries and developers are undertaking the research missions for the improvements of Micro-LED technology. They are focusing to produce the cost-effective manufacturing methods which can make technology easy to adopt for population.

Europe Micro-LED technology presents various applications of the developments which includes television, smart phones, smart watches, head-up displays, near-to-eye devices (AR & VR), digital signage etc. Penetration of smart phones has targeted a large number of populations to adopt the new technologies. Near-to-eye devices such as Virtual reality (VR) and augmented reality (AR) contributes for more than 25% of market share. Micro-LED technology has major three size options available for various purposes. Micro panel and small & medium panel are impacting the market growth with progressive amount. Major end users for Micro-LED technology can include consumer electronics, automotive, aerospace & defense etc. Automotive sector is participating with prominent market share for Micro-LED technology. By introducing head-up displays, lighting options and sensors for automotive sector, Europe Micro-LED market is projected to have progressing growth. At present, lack of established supply chain and distributed patent structure are restraining the growth of the Micro-LED market in Europe region. To overcome this situation, many industries are focusing on investing and proposing various supply chain structure to make Micro-LED technology more effective and adaptable.

Impact of Covid-19 on Europe Micro-LED market:
The Covid-19 pandemic has put the entire Europe region on a standstill, affecting major operations leading an industrial catastrophe. This pandemic led the Europe Micro-LED market to major serge. Outbreak of Covid-19 was widespread, which led to a significant impact on production and supply chain of the Micro-LED technology. Due to lockdown situation and ‘social distancing’ norms, many industries and manufactures were at halt. Though this was a temporary situation and by the end of 2021, many countries present in the region initiated their progress and became much more efficient for the Micro-LED technology.

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: Europe
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Europe Micro-LED market with its value and forecast along with its segments
• Country-wise Micro-market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia

By Panel Size in the report:
• Micro Display
• Small & Medium-sized
• Large Panel

By Application in the report:
• Display
• Smart watch
• 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, analyzing 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.

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Companies Mentioned

  • Samsung Electronics Co., Limited
  • Sony Corporation
  • LuxVue Technology (Apple Inc.)
  • Oculus VR Inc. (Meta Inc.)
  • 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

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Micro-LED Market Outlook
  • 5.1. Market Size by Value
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Country
  • 5.2.3. By End User
  • 5.2.4. By Application
  • 5.2.5. By Panel Size
  • 6. Europe Micro-LED Market Outlook
  • 6.1. Market Size by Value
  • 6.2. Market Share
  • 6.2.1. By Country
  • 6.2.2. By End User
  • 6.2.3. By Application
  • 6.2.4. By Panel Size
  • 6.3. Germany Micro-LED Market Outlook
  • 6.3.1. Market Size by Value
  • 6.3.2. Market Share
  • 6.3.2.1. By Application
  • 6.3.2.2. By End User
  • 6.4. UK Micro-LED Market Outlook
  • 6.4.1. Market Size by Value
  • 6.4.2. Market Share
  • 6.4.2.1. By Application
  • 6.4.2.2. By End User
  • 6.5. France Micro-LED Market Outlook
  • 6.5.1. Market Size by Value
  • 6.5.2. Market Share
  • 6.5.2.1. By Application
  • 6.5.2.2. By End User
  • 6.6. Italy Micro-LED Market Outlook
  • 6.6.1. Market Size by Value
  • 6.6.2. Market Share
  • 6.6.2.1. By Application
  • 6.6.2.2. By End User
  • 6.7. Spain Micro-LED Market Outlook
  • 6.7.1. Market Size by Value
  • 6.7.2. Market Share
  • 6.7.2.1. By Application
  • 6.7.2.2. By End User
  • 6.8. Russia Micro-LED Market Outlook
  • 6.8.1. Market Size By Value
  • 6.8.2. Market Share
  • 6.8.2.1. By Application
  • 6.8.2.2. By End User
  • 7. Market Dynamics
  • 7.1. Key Drivers
  • 7.2. Key Challenges
  • 8. Market Trends and Developments
  • 8.1. XXXXX
  • 8.2. XXXXX
  • 8.3. XXXXX
  • 9. Company Profiles
  • 9.1. LuxVue Technology (Apple Inc.)
  • 9.2. Oculus VR Inc. (Meta Inc.)
  • 9.3. Sony Corporation
  • 9.4. Samsung Electronics Co., Limited
  • 9.5. LG Display Co. Limited
  • 9.6. Innolux Corporation
  • 9.7. Epistar Corporation
  • 9.8. Ostendo Technologies, Inc.
  • 9.9. JBD Inc.
  • 9.10. Rohinni LLC
  • 9.11. Optovate Limited
  • 9.12. Aledia SA
  • 9.13. Plessey Semiconductors Limited
  • 9.14. VueReal Inc.
  • 9.15. ALLOS Semiconductors GmbH
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Tables

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:Europe Micro-LED Market Share By Country (2016, 2021&2027F)
Table 9: Europe Micro-LED Market Share By Application (2016 - 2021&2022E - 2027F)
Table 10: Europe Micro-LED Market Share By Display Application (2016 - 2021&2022E - 2027F)
Table 11: Germany Micro-LED Market Share By Application (2016 - 2021&2022E - 2027F)
Table 12: Germany Micro-LED Market Share By Display Application (2016 - 2021&2022E - 2027F)
Table 13: UK Micro-LED Market Share By Application (2016 - 2021&2022E - 2027F)
Table 14: UK Micro-LED Market Share By Display Application (2016 - 2021&2022E - 2027F)
Table 15: France Micro-LED Market Share By Application (2016 - 2021&2022E - 2027F)
Table 16: France Micro-LED Market Share By Display Application (2016 - 2021&2022E - 2027F)
Table 17: Italy Micro-LED Market Share By Application (2016 - 2021&2022E - 2027F)
Table 18: Italy Micro-LED Market Share By Display Application (2016 - 2021&2022E - 2027F)
Table 19: Spain Micro-LED Market Share By Application (2016 - 2021&2022E - 2027F)
Table 20: Spain Micro-LED Market Share By Display Application (2016 - 2021&2022E - 2027F)
Table 21: Russia Micro-LED Market Share By Application (2016 - 2021&2022E - 2027F)
Table 22: Russia Micro-LED Market Share By Display Application (2016 - 2021&2022E - 2027F)
Table 23: Key Facts of LuxVue Technology (Apple Inc.)
Table 24: Key Facts of Oculus VR Inc. (Meta Inc.)
Table 25: Key Facts of Sony Corporation
Table 26: Key Facts of Samsung Electronics Co., Limited
Table 27: Key Facts of LG Display Co. Limited
Table 28: Key Facts of Innolux Corporation
Table 29: Key Facts of Epistar Corporation
Table 30: Key Facts of Ostendo Technologies, Inc.
Table 31: Key Facts of JBD Inc.
Table 32: Key Facts of Rohinni LLC
Table 33: Key Facts of Optovate Limited
Table 34: Key Facts of Aledia SA
Table 35: Key Facts of Plessey Semiconductors Limited
Table 36: Key Facts of VueReal Inc.
Table 37: Key Facts of ALLOS Semiconductors GmbH
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List of Figures
Figure 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: Europe Micro-LED Market Size By Value2016 to 2027F (In USD Millions)
Figure 5: Europe Micro-LED Market Share By End User (2016, 2021&2027F)
Figure 6: Europe Micro-LED Market Share By Panel Size (2016, 2021&2027F)
Figure 7: Germany Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 8: Germany Micro-LED Market Share By End User (2016, 2021&2027F)
Figure 9: UK Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 10: UK Micro-LED Market Share By End User (2016, 2021&2027F)
Figure 11: France Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 12: France Micro-LED Market Share By End User (2016, 2021&2027F)
Figure 13: Italy Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 14: Italy Micro-LED Market Share By End User (2016, 2021&2027F)
Figure 15: Spain Micro-LED Market Size By Value 2016 to 2027F (In USD Millions)
Figure 16: Spain Micro-LED Market Share By End User (2016, 2021&2027F)
Figure 17: Russia Micro-LED Market Size By Value2016 to 2027F (In USD Millions)
Figure 18: Russia Micro-LED Market Share By End User (2016, 2021&2027F)
Figure 19: Market Attractiveness Index, 2021
Figure 20: Market Attractiveness Index, 2027F

Market Research FAQs

Europe Micro-LED market is estimated to grow with 82.11% CAGR in forecast region.

Consumer electronics segment is leading End users industry for Micro-LED technology.

The Europe Micro-LED market was estimated at USD 127.8 million units in 2020 and it is expected to reach a value of USD 4957.4 million by 2027 at a CAGR of 82.11% during the forecast period (2021 - 2027).

Importantly, Micro-LEDs are a significantly brighter source, offering brightness three or four orders of magnitude higher than OLEDs, which are capable of delivering around 1000 Nits (cd/m2), whereas micro LEDs offer hundreds of thousands of Nits for the equivalent power consumption.

The Micro Light Emitting Diode (LED) Market is growing at a CAGR of 82.11% over the next 6 years for Europe.
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Europe Micro-LED Market Outlook, 2027

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