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Micro-LED Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global micro-LED display market size reached US$ 136.17 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 5,407.7 Million by 2027, exhibiting a growth rate (CAGR) of 80.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A micro-light emitting diode (LED) display is a screen with microscopic LEDs of different colors arranged in an array. It is manufactured using gallium nitride, which allows the scattering of red, green, and blue (RGB) LED lights to glow brighter for a prolonged period. It offers high wavelength uniformity, increased brightness, ultra-high definition (UHD) picture quality, and improved color saturation. It also aids in reducing power consumption and offering a longer lifespan and better contrast and response time compared to other conventional technologies. As a result, micro-LED is widely used in smartwatches, micro-projectors, and ultra-high-definition (UHD) televisions (TVs).

Micro-LED Display Market Trends:

At present, improving standards of living and inflating disposable income levels of individuals represent one of the key factors positively influencing the market. In addition, the escalating demand for consumer electronics and shifting consumer preferences toward bright power-efficient display panels for high-quality lighting and minimal maintenance and energy cost are increasing the sales of micro-LED displays. Apart from this, favorable government initiatives to promote electronic manufacturing are currently supporting the market growth. In line with this, due to low power consumption characteristics, micro-LEDs are gaining immense attention in visible light communication (VLC) technology for marine exploration and underwater connectivity, which is offering lucrative growth opportunities to manufacturers. Besides this, leading manufacturers are extensively investing in research and development (R&D) activities to resolve the high-cost and complicated manufacturing processes. They are also focusing on miniaturizing size and minimizing inspection and repair time to enhance production yield. In addition, the adoption of highly efficient micro-LEDs suitable for augmented reality (AR) and virtual reality (VR) is anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global micro-LED display market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, application and industry vertical.

Breakup by Product:

  • Micro Display
  • Large Scale Display
  • Small and Medium-sized Display
     

Breakup by Application:

  • Smartphone and Tablets
  • PC and Laptop
  • TV
  • Smartwatch
  • Others
     

Breakup by Industry Vertical:

  • Consumer Electronics
  • Entertainment and Sports
  • Automotive
  • Retail
  • Government and Defense
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aledia, eLux Inc., Innolux Corporation, Jade Bird Display, LG Display Co. Ltd. (LG Electronics Inc.), Lumens Co. Ltd., Nanosys Inc., PlayNitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co. Ltd., Sony Group Corporation and VueReal.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product, Application, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aledia, eLux Inc., Innolux Corporation, Jade Bird Display, LG Display Co. Ltd. (LG Electronics Inc.), Lumens Co. Ltd., Nanosys Inc., PlayNitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co. Ltd., Sony Group Corporation and VueReal.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global micro-LED display market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global micro-LED display market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global micro-LED display market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Micro-LED Display Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Micro Display
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Large Scale Display
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Small and Medium-sized Display
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Smartphone and Tablets
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    PC and Laptop
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    TV
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Smartwatch
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Industry Vertical
    8.1    Consumer Electronics
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Entertainment and Sports
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Automotive
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Retail
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Government and Defense
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Aledia
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    eLux Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Innolux Corporation
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Jade Bird Display
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    LG Display Co. Ltd. (LG Electronics Inc.)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
        14.3.6    Lumens Co. Ltd.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
        14.3.7    Nanosys Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    PlayNitride Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Plessey Semiconductors Ltd.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Samsung Electronics Co. Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Sony Group Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    VueReal
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Micro-LED Display Market: Major Drivers and Challenges
Figure 2: Global: Micro-LED Display Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Micro-LED Display Market: Breakup by Product (in %), 2021
Figure 5: Global: Micro-LED Display Market: Breakup by Application (in %), 2021
Figure 6: Global: Micro-LED Display Market: Breakup by Industry Vertical (in %), 2021
Figure 7: Global: Micro-LED Display Market: Breakup by Region (in %), 2021
Figure 8: Global: Micro-LED Display (Micro Display) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Micro-LED Display (Micro Display) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Micro-LED Display (Large Scale Display) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Micro-LED Display (Large Scale Display) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Micro-LED Display (Small and Medium-sized Display) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Micro-LED Display (Small and Medium-sized Display) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Micro-LED Display (Smartphone and Tablets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Micro-LED Display (Smartphone and Tablets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Micro-LED Display (PC and Laptop) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Micro-LED Display (PC and Laptop) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Micro-LED Display (TV) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Micro-LED Display (TV) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Micro-LED Display (Smartwatch) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Micro-LED Display (Smartwatch) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Micro-LED Display (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Micro-LED Display (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Micro-LED Display (Consumer Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Micro-LED Display (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Micro-LED Display (Entertainment and Sports) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Micro-LED Display (Entertainment and Sports) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Micro-LED Display (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Micro-LED Display (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Micro-LED Display (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Micro-LED Display (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Micro-LED Display (Government and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Micro-LED Display (Government and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Micro-LED Display (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Micro-LED Display (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Micro-LED Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Micro-LED Display Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Micro-LED Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Micro-LED Display Industry: SWOT Analysis
Figure 86: Global: Micro-LED Display Industry: Value Chain Analysis
Figure 87: Global: Micro-LED Display Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Micro-LED Display Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Micro-LED Display Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Micro-LED Display Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Micro-LED Display Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 5: Global: Micro-LED Display Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Micro-LED Display Market: Competitive Structure
Table 7: Global: Micro-LED Display Market: Key Players


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