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

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

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets