Asia-Pacific Micro-LED Market Outlook, 2027

Asia-Pacific Micro-LED Market is estimated to propel the market growth with 84.80% CAGR by 2027. This report consist industry trends and major growing factors.

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 also known as mLED or µLED is a developing flat-panel technology. It consist number of microscopic LEDs of different colors which is forming individual pixels. Pixels are used to idealize the quality or resolution of the LED display. The Micro-LED was first invented in 2000 by the research group of Hongxing jiang and Jingyu Lin of Texas Tech University. They were following their first report in Kansas State University based on electrical injection to address the issue between the high voltage electrical structure and low voltage characteristics Micro-LEDs with indium gallium nitride semi-conductors. Several groups also contributed in this topic and many related potential application were found out. Different on-chip connection schemes of Micro-LED pixel arrays have been engaged to develop DC/AC LEDs with single chip and high voltage. They were the essential component of LEDs. The Micro-LED technology was also being utilized as a light source applications and visible light communications. The first Micro-LED products were introduced by Sony but they were not much cost friendly. Micro-LED technology has displayed potential performance over OLED and LCD technology including higher brightness, higher contrast ratio, greater color saturation, self-illumination, better efficiency etc.

According to the research report “Asia-Pacific Micro-LED Market Outlook, 2027" published by Bonafide Research, Micro-LED market is estimated to propel the market growth with 84.80% CAGR over the forecast period. Rapidly penetrating network infrastructure in Asia-Pacific region has become the important factor for increasing demands of technology. Due to availability of resources for the Micro-LED technology in this region, many industries are expanding their business in Micro-LED technology. Asia-Pacific region is further segmented into five countries which are China, Japan, India, Australia and South Korea. In which China is expected to have the progressive market growth by 2027. The positive outlook of the China Micro-LED industry has attracted various investors into the technology revolution. Since 2019, number of investments and projects are taking place in China with the vision of Micro-LED technology development. For the Asia-Pacific region, Micro-LED market is expected to grow with prominent amount due to the presence of the major display panel manufacturers, LED foundries and brand product manufactures. These companies normally launch their new products and new technologies based on the innovation in Micro-LED market. Early exposure to the latest display and lighting products is expected to be the driving attributes for the growth of Micro-LED market in Asia-Pacific region.

Asia-Pacific region is segmented into three major panels based on the size of Micro-LED displays which are large panels, micro panels and small & medium panels. Large panels or large displays are an emerging technology in Asia-Pacific region. The growth in transport networks, public infrastructure creates more opportunities for this segment in Asia-Pacific region. Large displays are being used in all modes to gain the attention of on-the-go viewers, providing advertisements, travelling information, real-time location etc. Based on the report, Asia-Pacific region is also segmented into end users including consumer electronics, automobile, aerospace & defense etc. Increasing demands for smart devices including Micro-LED technology is expected to propel the market growth. Penetration of consumer electronics directs towards increasing market growth of this region. Micro-LED technology present in Asia-Pacific region has major two applications which are display and lighting. Micro-LED display technology in Asia-Pacific region is expected to have more than 90% market share. Lighting technology is developing with steady growth in Asia-Pacific region.

Impact of Covid-19 on Asia-Pacific Micro-LED market:
The Covid-19 outbreak has altered the global economy and the development prospects of Asia-Pacific countries. Due to immutable virus situation many industries and manufactures were remain shut and processes were delayed. Supply chain and developments of this technology were disrupted. Due to ‘work from home’ situation many industries were concentrating only on effective work. Social distancing, lack of labor, lockdown situations have majorly impacted the market. Though after this sudden change, industries and companies initiated their work output with more essential attributes. As these effects are not over yet, many changes will be durable in industrial aspects.

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: Asia-Pacific
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Asia-Pacific 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
• China
• Japan
• India
• Australia
• South Korea

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.

What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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

Feed Phosphate Market Research FAQs

China is dominating the Asia-Pacific region Micro-LED market with 82.50% CAGR.

Micro-LED is a method of getting brighter, higher-contrast images from a TV which is known as a Micro-LED TV.

Micro-LED displays are expensive due to complex manufacturing methods.

High brightness, high contrast ratio, durability, long lifespan, energy effective and lower power consumption are some of the Micro-LEDs advantages.

The study period of the Asia-Pacific Micro-LED market is 2021-2027.
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Asia-Pacific Micro-LED Market Outlook, 2027

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