Global Micro-LED Strategic Market Report 2023: Increasing Demand for Wearable Devices to Support Growth

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Feb 11, 2023, 13:10 ET

DUBLIN, Feb. 11, 2023 /PRNewswire/ -- The "Micro-LED: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Micro-LED estimated at US$574.3 Million in the year 2022, is projected to reach a revised size of US$58.6 Billion by 2030, growing at a CAGR of 78.3% over the analysis period 2022-2030.

Display, one of the segments analyzed in the report, is projected to record 80.2% CAGR and reach US$49.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Lighting segment is readjusted to a revised 70.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $168 Million, While China is Forecast to Grow at 73.4% CAGR

The Micro-LED market in the U.S. is estimated at US$168 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.5 Billion by the year 2030 trailing a CAGR of 73.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 71% and 66.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 53.1% CAGR.

Select Competitors (Total 33 Featured) -

Aledia
ALLOS Semiconductors GmbH
Apple, Inc.
AU Optronics Corporation
BOE Technology Group Co., Ltd.
CEA-Leti
Changchun Institute Of Applied Chemistry
Crystalwise Technology Inc.
Epistar Corporation
Fraunhofer-Gesellschaft zur Forderung der angewandten Forschung e.V.
Glo AB
Himax Display, Inc.
Hon Hai Precision Industry Co., Ltd. (Foxconn)
Hong Kong University of Science and Technology
Iii-V LAB
Industrial Technology Research Institute
Jasper Display Corporation
Jbd Inc.
LG Display Co., Ltd.
Lumens
Luminit, LLC.
Lumiode, Inc.
Macroblock, Inc
Nichia Corporation
Oculus VR LLC
Ostendo Technologies, Inc.
PlayNitride Inc.
Plessey Semiconductors Ltd.
Rohinni LLC.
Samsung Electronics Co., Ltd.
Sony Corporation
Unimicron Technology Corporation
Uniqarta, Inc.
VerLASE Technologies LLC
Vuereal

What`s New for 2023?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Micro-LED Market to Witness Rapid Growth
Micro-LED - Global Key Competitors Percentage Market Share in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

An Overview of Leading Players

3. MARKET TRENDS & DRIVERS

Increasing Interest towards Micro-LED Displays from Electronic Giants to Bode Well for Market Growth
Increasing Demand for Power-Efficient and Brighter Display Panels for AR/VR Devices, Mobile Devices, and SmartWatches to Support Market Demand
Micro-LED Display Forecast in Millions of Units by Product Type
Collins Aerospace Pioneers the Launch of MicroLED Reading Light
Increasing Demand for Wearable Devices to Support Market Growth
Breakdown of Demand for Wearable Devices in Units (M) by Region: 2015-2022
Adoption of Micro-LEDs in AR/VR Applications
MicroLED Adoption in AR Headsets (M Units): 2018-2027
Micro-LEDs in Advertisement Sector
MicroLEDs in Consumer Electronics
Innovations/ Technological Advancements to Advance Market Opportunities
Product Introductions to propel Market Growth
Increasing Demand for OLEDs to Impact Market Growth
Total Shipments of Smartwatch Display by Technology: 2014-2018
Growing Demand for Folded and Flexible Displays to Restrain Market Growth
A Prelude into Patent Landscape of Micro-LED Market
Breakdown of Patent Family by Company Type (2018)

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/mlzkq7-led-global?w=5

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