The growing of micro LED in various applications such as a smart watch, smartphone, and tablet, near to eye devices, television, a head-up display, and monitor and laptop are boosting the growth of the micro LED market during the forecast period. Micro LED display in smartwatches has major benefits includes requiring less power as compared to OLED display and much more energy efficient. They have brighter, high contract ratio and to tune colors to be more vibrant and richer and thinner. Micro LED display in a smartwatch is slenderer, vitality proficient and more brilliant and has inorganic gallium nitride-based LED that has a life expectancy as compared to natural compound utilized in OLED panels.
Micro LED is most considered as the Apple next step after OLED that is currently utilized for the iPhone and smartwatch. Micro LED has improved color accuracy, faster response time, and true blacks and enhanced contrast ratio. In 2017, in Santa Clara, California, Apple is believed to have a secretive manufacturing plant for designing and producing display test samples through the use of micro LED technology. The major companies including Samsung, Apple, and LG will be investing highly in R&D activities for the applications and commercialization of micro LEDs for portable devices. In 2018, Sony Corp in Las Vegas had shown its development in micro LED display technology with its large 8K Micro LED display. The presence of key vendors in the market is anticipated to grow the micro LED market during the forecast period.
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Global Micro LED Market Segmentation
By Application
- Display
o Television
o Smartwatches
o Smartphone and Tablet
o Monitor and Laptop
o Near to Eye Devices
o Head-up Display
o Digital Signage
- Lighting
o General lightning
o Automotive Lighting
By End-User
- Consumer Electronics
- Automotive
- Aerospace & Defense
- Others (Retail)
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