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Micro-LED: Global Strategic Business Report

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    Report

  • 242 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4845811

Global Micro-LED Market to Reach $58.6 Billion by 2030

The global market for Micro-LED estimated at US$574.3 Million in the year 2022, is projected to reach a revised size of US$58.6 Billion by 2030, growing at a CAGR of 78.3% over the analysis period 2022-2030. Display, one of the segments analyzed in the report, is projected to record 80.2% CAGR and reach US$49.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lighting segment is readjusted to a revised 70.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $168 Million, While China is Forecast to Grow at 73.4% CAGR

The Micro-LED market in the U.S. is estimated at US$168 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.5 Billion by the year 2030 trailing a CAGR of 73.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 71% and 66.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 53.1% CAGR.

Select Competitors (Total 33 Featured) -

  • Aledia
  • ALLOS Semiconductors GmbH
  • Apple, Inc.
  • AU Optronics Corporation
  • BOE Technology Group Co., Ltd.
  • CEA-Leti
  • Changchun Institute Of Applied Chemistry
  • Crystalwise Technology Inc.
  • Epistar Corporation
  • Fraunhofer-Gesellschaft zur Forderung der angewandten Forschung e.V.
  • Glo AB
  • Himax Display, Inc.
  • Hon Hai Precision Industry Co., Ltd. (Foxconn)
  • Hong Kong University of Science and Technology
  • Iii-V LAB
  • Industrial Technology Research Institute
  • Jasper Display Corporation
  • Jbd Inc.
  • LG Display Co., Ltd.
  • Lumens
  • Luminit, LLC.
  • Lumiode, Inc.
  • Macroblock, Inc
  • Nichia Corporation
  • Oculus VR LLC
  • Ostendo Technologies, Inc.
  • PlayNitride Inc.
  • Plessey Semiconductors Ltd.
  • Rohinni LLC.
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • Unimicron Technology Corporation
  • Uniqarta, Inc.
  • VerLASE Technologies LLC
  • Vuereal

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Micro-LED Market to Witness Rapid Growth
  • Micro-LED - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • An Overview of Leading Players
3. MARKET TRENDS & DRIVERS
  • Increasing Interest towards Micro-LED Displays from Electronic Giants to Bode Well for Market Growth
  • Increasing Demand for Power-Efficient and Brighter Display Panels for AR/VR Devices, Mobile Devices, and SmartWatches to Support Market Demand
  • Micro-LED Display Forecast in Millions of Units by Product Type
  • Collins Aerospace Pioneers the Launch of MicroLED Reading Light
  • Increasing Demand for Wearable Devices to Support Market Growth
  • Breakdown of Demand for Wearable Devices in Units (M) by Region: 2015-2022
  • Adoption of Micro-LEDs in AR/VR Applications
  • MicroLED Adoption in AR Headsets (M Units): 2018-2027
  • Micro-LEDs in Advertisement Sector
  • MicroLEDs in Consumer Electronics
  • Innovations/ Technological Advancements to Advance Market Opportunities
  • Product Introductions to propel Market Growth
  • Increasing Demand for OLEDs to Impact Market Growth
  • Total Shipments of Smartwatch Display by Technology: 2014-2018
  • Growing Demand for Folded and Flexible Displays to Restrain Market Growth
  • A Prelude into Patent Landscape of Micro-LED Market
  • Breakdown of Patent Family by Company Type (2018)
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Micro-LED by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 2: World 8-Year Perspective for Micro-LED by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Display by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 4: World 8-Year Perspective for Display by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 6: World 8-Year Perspective for Lighting by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 8: World 8-Year Perspective for Consumer Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for Advertisement by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 10: World 8-Year Perspective for Advertisement by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 12: World 8-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 14: World 8-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 15: World Recent Past, Current & Future Analysis for Other Verticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 16: World 8-Year Perspective for Other Verticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 17: World Micro-LED Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Micro-LED Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 18: USA Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 19: USA 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 20: USA Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 21: USA 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
CANADA
  • Table 22: Canada Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 23: Canada 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 24: Canada Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 25: Canada 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
JAPAN
  • Micro-LED Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 26: Japan Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 27: Japan 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 28: Japan Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 29: Japan 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
CHINA
  • Micro-LED Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 30: China Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 31: China 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 32: China Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 33: China 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
EUROPE
  • Micro-LED Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 34: Europe Recent Past, Current & Future Analysis for Micro-LED by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 35: Europe 8-Year Perspective for Micro-LED by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
  • Table 36: Europe Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 37: Europe 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 38: Europe Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 39: Europe 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
FRANCE
  • Micro-LED Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 40: France Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 41: France 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 42: France Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 43: France 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
GERMANY
  • Micro-LED Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 44: Germany Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 45: Germany 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 46: Germany Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 47: Germany 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
ITALY
  • Table 48: Italy Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 49: Italy 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 50: Italy Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 51: Italy 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
UNITED KINGDOM
  • Micro-LED Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 52: UK Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 53: UK 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 54: UK Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 55: UK 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
REST OF EUROPE
  • Table 56: Rest of Europe Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 57: Rest of Europe 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 58: Rest of Europe Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 59: Rest of Europe 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
ASIA-PACIFIC
  • Micro-LED Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 60: Asia-Pacific Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 61: Asia-Pacific 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 62: Asia-Pacific Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 63: Asia-Pacific 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
REST OF WORLD
  • Table 64: Rest of World Recent Past, Current & Future Analysis for Micro-LED by Application - Display and Lighting - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 65: Rest of World 8-Year Perspective for Micro-LED by Application - Percentage Breakdown of Value Sales for Display and Lighting for the Years 2023 & 2030
  • Table 66: Rest of World Recent Past, Current & Future Analysis for Micro-LED by Vertical - Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 67: Rest of World 8-Year Perspective for Micro-LED by Vertical - Percentage Breakdown of Value Sales for Consumer Electronics, Advertisement, Automotive, Aerospace & Defense and Other Verticals for the Years 2023 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aledia
  • ALLOS Semiconductors GmbH
  • Apple, Inc.
  • AU Optronics Corporation
  • BOE Technology Group Co., Ltd.
  • CEA-Leti
  • Changchun Institute Of Applied Chemistry
  • Crystalwise Technology Inc.
  • Epistar Corporation
  • Fraunhofer-Gesellschaft zur Forderung der angewandten Forschung e.V.
  • Glo AB
  • Himax Display, Inc.
  • Hon Hai Precision Industry Co., Ltd. (Foxconn)
  • Hong Kong University of Science and Technology
  • Iii-V LAB
  • Industrial Technology Research Institute
  • Jasper Display Corporation
  • Jbd Inc.
  • LG Display Co., Ltd.
  • Lumens
  • Luminit, LLC.
  • Lumiode, Inc.
  • Macroblock, Inc
  • Nichia Corporation
  • Oculus VR LLC
  • Ostendo Technologies, Inc.
  • PlayNitride Inc.
  • Plessey Semiconductors Ltd.
  • Rohinni LLC.
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • Unimicron Technology Corporation
  • Uniqarta, Inc.
  • VerLASE Technologies LLC
  • Vuereal

Table Information