Market Research Future (MRFR) announces the publication of its half-cooked research report micro-LED display market 2018–2023
According to Market Research Future, the market for Micro-LED Display Market is segmented on the basis of application, panel type, vertical and region.
The increasing digital signage applications integrated with micro-LED components is expected to enhance the growth of this market during the forecast period. Most of the manufacturers are continuously investing in the R&D to enhance the functionality of electronic components, thereby boosting the growth of micro LED display market. Moreover, growing trend of miniaturization of electronics such as mobile phones, smart watches among others is encouraging manufacturers to adopt micro-LED component. However, the cost of micro-LED display is high as compared to OLEDs, which in turn is hampering the growth of this market. The micro-LED display market is in its nascent stage and thus lacks standardization in manufacturing procedures. In july 2018, Samsung announced that, it is ready for mass production of micro-LED displays for both commercial and home entertainment use. The Samsung micro-LED display uses flip-chip bonding technology which interconnects semiconductor devices like integrated circuit chips to external circuitry.
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Key Players
The prominent players in the micro-LED display market are Apple Inc. (LuxVue) (US), Oculus VR (InfiniLED) (US), LG Electronics Inc. (South Korea) Sony Corporation (Japan), Samsung (South Korea), X-Celeprint (Ireland), Epistar Corporation (Taiwan), GLO AB (Sweden), VerLASE Technologies (US), JBD (China), and Aledia (France), among others.
Industry Segmentation
In the study, the micro-LED display market has been segmented based on application, panel size, and vertical.
In terms of application, this market segment includes smartwatch, NTE devices, television, a head-up display, smartphone and tablet, monitor and laptop and digital signage.
In terms of panel size, this market segment includes micro-display, small- and medium-sized panel and large panel.
In terms of vertical, this market segment includes consumer electronics, entertainment & advertisement, automotive, aerospace & defense, and others.
Regional Outlook
According to the study, the market for micro-LED display globally has been studied under the key regions of North America, Europe, Asia-Pacific, and the Rest Of the World.
The Asia-Pacific’s market is leading and is being the fastest growing market with the presence of major leading LED component and display panel manufacturers here. The countries such as China, Japan, and South Korea are the key players who are into manufacturing micro-LED display products at a great extent. With this, the swelling investments of multinational companies in developing their manufacturing facilities in the Asia-Pacific region is also highly driving the growth of this market.
North American region for the market is booming considerably with the use of micro-LED in wearables, which is enhancing the growth of the market over the forecast period. Whereas, the increasing demand for electronic devices such as smartphones, tablets, and smartwatches have promoted the use of micro-LED display among the consumers have also helped the market to launch.
Europe is also leading with the micro-LED display market and following up the factors similar to the market of North America.
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Market Drivers & Trends
The market for micro-LED display is trending due to factors such as increasing demand for brighter display panels for electronic devices such as smartwatches, mobile devices, and AR/VR devices. These devices are enhancing the display, which enables an individual to enjoy many decent features with adequate brightness, clear, and modified without hurting the eye vision. In concern with this, the market is booming with more production demand over the years, which is also anticipated to surge in the assessment period.
As an add on, the Micro-LED Displays Market are more efficient and successful than LEDs and OLEDs in terms of power consumption and longer span of life, which is yet another crucial factor leading the market growth in the current time. On the other hand, rising demand for wearable displays for smartwatches and head-mounted displays (HMDs) are creating enough opportunities for the market to introduce and contribute to its growth rate.
Related Report
The micro-led display is the essence of the electronics sector, where these are increasingly called to be more power-efficient than any other displays.
According to Marker Research Future, the global micro-LED display market is anticipated to mark its valuation to USD 2,782.5 million till 2023 from USD 90.7 million in 2017, during the forecast period.
Micro-LED display’s ability to offer high-quality & effective display is making the market to gain much traction in the foreseeable years as it is backed by most eminent factors prevailing in the semiconductor industry.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6973Key PlayersThe protruding players in the micro-LED display market are named as Apple Inc. (LuxVue) (US), Oculus VR (InfiniLED) (US), LG Electronics Inc. (South Korea) Sony Corporation (Japan), Samsung (South Korea), X-Celeprint (Ireland), Epistar Corporation (Taiwan), GLO AB (Sweden), VerLASE Technologies (US), JBD (China), and Aledia (France), and many more.Market Drivers & TrendsThe market for micro-LED display is trending due to factors such as increasing demand for brighter display panels for electronic devices such as smartwatches, mobile devices, and AR/VR devices.
These devices are enhancing the display, which enables an individual to enjoy many decent features with adequate brightness, clear, and modified without hurting the eye vision.
On the other hand, rising demand for wearable displays for smartwatches and head-mounted displays (HMDs) are creating enough opportunities for the market to introduce and contribute to its growth rate.On the flip side, some factors such as lack of standard procedures for manufacturing the micro-LED components is somehow hampering the growth of this market.
Also, the adoption of inorganic strategies such as mergers and partnerships is to expand their geographic presence to broaden their customer base.Industry HighlightsThe emerging technology of micro-LED display market consists of tiny LED devices that creates highly efficient and bright pictures more than OLEDs.
Recently published a report entitled Micro LED Display Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad micro LED display market has been sub-grouped into product, application and industrial vertical.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Micro LED Display Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/micro-led-display-market/download-sampleBy ProductLarge Scale DisplaySmall & Medium DisplayMicro DisplayBy ApplicationSmart Phones & TabletsPC & laptopTVSmart WatchOthersBy Industrial VerticalConsumer ElectronicsEntertainment & SportsAutomotiveRetailGovernment & DefenseOthersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the micro LED display market includes Aledia, Apple Inc., eLUX, LG Display, Oculus, Play Nitride, Rohinni LLC, Samsung, Sony Corporation and VueReal.
MicroLED is an emerging flat panel display technology.
When compared to the widespread LCD technology, microLED displays offer better contrast, response times, and energy efficiency.Along with OLEDs, microLEDs are primarily aimed at small, low-energy devices such as smartwatches and smartphones.
Unlike OLED, microLED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.
It also does not suffer from the shorter lifetimes of OLED.The Micro LED Display market was valued at 120 Million US$ in 2017 and is projected to reach 53100 Million US$ by 2025, at a CAGR of 115.0% during the forecast period.
In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Micro LED Display.This report presents the worldwide Micro LED Display market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.Request a sample of this report @ http://www.orbisresearch.com/contacts/request-sample/2339609The following manufacturers are covered in this report:Apple, Inc.CooledgeEpistarGlo ABLumensMikro Mesa TechnologyOculus VROstendo TechnologiesPlassey SemiconductorsSamsung ElectronicsSonyUiqartaOthersMicro LED Display Breakdown Data by TypeSmallMediumLargeMicro LED Display Breakdown Data by ApplicationAR HeadsetsVR HeadsetsHUDSmart WatchSmart PhoneTVDigital SignageTabletLaptop and DesktopBrowse the complete report @ http://www.orbisresearch.com/reports/index/global-micro-led-display-market-insights-forecast-to-2025Micro LED Display Production by RegionUnited StatesEuropeChinaJapanSouth KoreaOther RegionsThe study objectives are:To analyze and research the global Micro LED Display status and future forecast involving, production, revenue, consumption, historical and forecast.To present the key Micro LED Display manufacturers, production, revenue, market share, and recent development.To split the breakdown data by regions, type, manufacturers and applications.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends, drivers, influence factors in global and regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.This report includes the estimation of market size for value (million USD) and volume (K Units).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of Micro LED Display market, to estimate the size of various other dependent submarkets in the overall market.
