The micro LED market is anticipated to grow at a CAGR of 32.5% during the forecast period. This market growth is attributed to the extensive investment in the field of micro led technology by tech giants such as Samsung and Apple. The development of expanded micro-LED panels has delivered an excellent viewing angle that provides brighter pictures and delivered with less power consumption. For enhancement of consumer experience, micro LED provides quick response time. Further, the market has significant growth opportunities owing to its high wavelength uniformity for fine pixel pitch display along with the growing application in consumer electronics such as smartphones, smartwatches, monitors, virtual reality/ augmented reality and laptops. The consumer electronics manufacturers are adopting micro LED displays to expand picture clarity and reduce power consumption.
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The global micro LED market is segmented on the basis of application and end-user. Based on the application, the market is diversified into display and lighting. The display segment has a significant market share owing to a wide application in consumer electronics such as smartphones, laptops, and tablets. The micro LED manufacturers are launching a display screen along with large power efficiency and contrast brightness features. Additionally, enhancement in micro LED technology has resulted in the introduction of several new lighting and display technologies include indium gallium zinc oxygen which is expected to contribute the market growth.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
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)
Global Micro LED Market – Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East Africa
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global micro LED market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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