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Global Micro-LED Market By Panel Size (Microdisplay, Large Panel, Others), By Application (Display and Lighting), By End-Users (Consumer Electronics, Aerospace & Defense, Others), By Region, Forecast & Opportunities to 2026

The global micro-LED market accounted for a value of USD 376 million in 2019 and is projected to register growth at a CAGR of 71.3% during forecast period.

COVID-19 has impacted the micro-LED market. The manufacturing have to halt its production due to lockdown and the supply chain of raw material and finished products is disrupted due to travel restriction. The demand from end-user industry is declining due to increasing cases of corona virus. The consumption and use of smartphones, TV and notebooks is decreasing and this decreases the market for micro-LED. The market growth is likely to boost post COVID-19.

Definition:

Micro-LED can be defined as a class of displays in which individual pixels are formed through array of microscopic light-emitting diodes. Micro-LED display provides high wavelength uniformity for fine display pixel pitch. The micro-LED have less power consumption and ultrahigh definition picture quality. It provides improved color saturation and increased brightness.

Market Dynamics (Drivers/Opportunities):

The demand for power efficient and brighter display panels is increasing. Various devices such as smart watches, VR, TV and smartphones uses display panels at large scale. The commercialization and development of micro-LED display technology is increasing to wide adoption around the globe. This drives growth in micro-LED market during forecast period.

The advancement in technology is rapidly increasing around the world. Various companies such as Samsung, Sony, Apple and others are focusing on large panel segment for television and signage segment. The use of various devices such as smart watches, smartphones and VR is widely increasing which uses micro-LED at large scale and this drives growth in micro-LED market during forecast period.

Market Insights, by Application

On the basis of application, the micro-LED market is segmented into display and lighting. The display application is estimated to dominate the market during forecast period. The mico-LED display is widely used in various devices such as smartphones, television, smart watches, tablet, signage, head-up-display, laptop and others. The display technologies such as OLED, LED, dot LED and LCD are optimizing rapidly around the world. The use of various electronics gadgets such as laptop, smart watches, smartphones, VR and others are increasing in the world and this increases demand for display panel. Thus, drives growth in display application segment during forecast period.

Market Insights, by End-Users

On the basis of end-users, the micro-LED market is segmented into automotive, consumer electronics, aerospace & defense, advertising and others. The consumer electronics segment is estimated to hold largest market share during forecast period. The micro-LED display is widely used in consumer electronics segment. This display is used in various electronic gadgets which are widely adopted by the population around the world. The rapidly increasing technological advancement is widely adopted by consumer electronics. This drives growth in consumer electronics segment during forecast period.

Regional Insights

North America region is estimated to hold largest market share during forecast period. The penetration of smartphones is widely increasing in this region and this increases demand for micro-LED. The use of smart watches and VR is also increasing rapidly in this region and this increases demand for micro-LED. There are various market players present in this region whose main focus is towards improving the micro-LED products and launching new and innovative products in the market. This drives growth in North America region during forecast period.

Key Companies & Market Share Insights

The key market players in micro-LED industry are Apple, Sony, Oculus VR, Samsung Electronics, X-Celeprint, Epistar, GLO AB, Verlase Technologies, Jade Bird Display Inc., Aledia, Lumens, Lumiode, Cooledge, Rohinni, CSOT, Nichia and Konka.

Segments Covered in the Report

This report forecasts The Global Micro-LED Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global micro-LED market report on the basis of panel size, application and end-users.

Micro-LED Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Micro-LED Market, By Panel Size, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Microdisplay
  • Small & Medium-Sized Panel
  • Large Panel
  1. Micro-LED Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Display
  • Lighting
  1. Micro-LED Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Automotive
  • Consumer Electronics
  • Aerospace & Defense
  • Advertising
  1. Micro-LED Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Panel Size
    • By Application
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Panel Size
      • By Application
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Panel Size
        • By Application
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Panel Size
          • By Application
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Panel Size
            • By Application
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Konka
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Apple
    • Sony
    • Oculus VR
    • Samsung Electronics
    • X-Celeprint
    • Epistar
    • GLO AB
    • Verlase Technologies
    • Jade Bird Display Inc.
    • Aledia
    • Lumens
    • Lumiode
    • Cooledge
    • Rohinni
    • CSOT
    • Nichia
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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