Micro-LED Market

Micro-LED Market by Application (Display (Smartwatch, NTE Device (AR HMD, VR HMD), Smartphone, Television, HUD, Digital Signage, Laptop and Monitor, Lighting (General, Automotive), Display Panel Size, Vertical, and Region - Global Forecast to 2026

Report Code: SE 5168 May, 2020, by marketsandmarkets.com

[162 Pages Report] The global micro-LED market size is projected to grow from USD 409 million in 2020 to USD 18,835 million by 2026; it is expected to grow at a CAGR of 89.3% from 2020 to 2026. The most significant factor driving the growth of this market is the increasing demand for better display solutions.

Micro-LED Market

Micro-LED is an emerging display and lighting technology with the potential to disrupt the traditional LCD display and LED lighting markets. Display panels are used in various devices, such as TVs, notebooks, smartphones, and smartwatches. Currently, most of these devices are based on display technologies such as organic light-emitting diode (OLED) and LED-backlit LCD. The display market has been witnessing several developments in terms of picture quality, display sizes, and power consumption features. The LED lighting market has also exhibited huge growth in the past with the introduction of attractive and low-power-consuming products.

Micro-LED technology is being developed to create display panels that offer high brightness and low power consumption. The micro-LED market can be divided broadly into the micro-LED display and micro-LED lighting. Micro-LED display panels are expected to hold a larger market share than micro-LED lighting panels.

Micro-LED Market Dynamics

Driver: Increase in demand for microdisplays for NTE devices

Increasing demand for brighter and more power-efficient display panels for smartwatches, smartphones, televisions, and AR/VR devices is expected to significantly drive the development and subsequent commercialization of micro-LED display technology. The keen interest of technology heavyweights such as Apple, Samsung, and Sony is expected to result in the faster commercialization of micro-LED display technology. Samsung and Sony are focused on the large panel segment for signage and television applications, while Apple is likely to commercialize the technology for the smartwatch application by 2021. Significant ongoing research by input suppliers for the establishment of a strong supply chain will also drive the growth of the micro-LED display market.

Restraint: Lack of supply chain and patents

 At present, the lack of an established supply chain and distributed patent portfolio are the major restraints for the growth of the market. The fast adoption of OLED technology in display devices may further hinder the commercialization and growth of micro-LED technology.

Opportunity: Manufacturing of micro-LEDs on large silicon wafers

Manufacturing micro-LEDs on wafers has been a major challenge in terms of yield and cost. Most of the LED manufacturers today use sapphire wafers for manufacturing LEDs. These wafers are small in diameter and costly, which restrains the cost reduction of LED devices. ALLOS Semiconductors, Plessey Semiconductors, Aledia, and a few other players have developed GaN-on-silicon technology for manufacturing LEDs using conventional process. These companies are collaborating with the world’s leading LED foundries to increase the manufacturing capacity on a large scale.

This development is expected to increase the use of large-sized wafers (more than 4 inches) for manufacturing LED products. The technology is used for making high-quality GaN-on-Si epitaxial wafers by means of MOCVD/MOVPE. However, the technology is yet to be optimized for micro-LEDs. GaN-on-Si is a promising technology for the LED market, and once developed, it can significantly impact micro-LED technology in terms of manufacturing cost.

Challenge: Huge investment requirement in infrastructure, equipment, and process development; and need for different manufacturing processes as well as equipment compatibility

Manufacturers will have to adopt different manufacturing process and equipment or upgrade their existing systems to mass-produce micro-LED chips for different applications. Industry-leading LED manufacturers, such as Epistar (Taiwan) and Cree (US), are focusing on finding micro-LED development solutions that are compatible with the existing manufacturing processes. GLO AB (Sweden) demonstrated nanowires that can be grown on various substrates, such as sapphire and silicon, utilizing standard industry process equipment. Making the micro-LED fabrication process compatible with the existing fabrication plants is the major focus of industry-leading players.

Micro-LED technology-based displays are self-emitting, with no need for filters and liquid crystals, and industry-leading companies are finding ways to mass-produce RGB-based micro-LEDs. Down-converting micro-LEDs for display applications involves the manufacturing of very small pixel. To get down to very small pixel sizes, nanophosphors would probably not work, and even quantum dots will create some challenges due to some thermo-constraints, which make them impractical for very small pixels. Manufacturing small pixels based on micro-LED technology is comparatively easier than quantum dot or any other display technology.

Micro-LED display for smartphone application is expected to commercialize by 2021

The smartphone and tablet application are expected to account for the largest share of the micro-LED display market by 2026. The market for this application is expected to commercialize in 2021. Smartphones and tablets are high-volume applications, and once micro-LED display technology is commercialized, the corresponding market share will rise to dominate the overall micro-LED display market.

Consumer electronics vertical is anticipated to capture largest share in micro-LED market

The consumer electronics vertical is expected to hold the largest share of the micro-LED display market by 2026. The micro-LED display market for this vertical is also expected to grow at the highest CAGR between 2020 and 2026. The large market share and high growth rate are attributed to the anticipated adoption of micro-LED display panels in various consumer electronic devices, such as smartphones, televisions, smartwatches, TVs, laptops, and NTE devices. APAC is expected to dominate the global micro-LED market. The market in this region is expected to register the highest CAGR during the forecast period due to the presence of leading LED foundries, display panel manufacturers, and customers in the region. Recent technological advancements in micro-LED have led to an increased interest of leading APAC-based display panel manufacturers, such as Samsung, LG Display, AU Optronics, and BOE Technology. They are also focusing on R&D activities pertaining to micro-LED technology.

Micro-LED Market by Region

Key Market Players

Some of the leading players in the global micro-LED market are Apple Inc. (LuxVue) (US), Oculus VR (InfiniLED) (US), Sony Corp. (Japan), Samsung Electronics Co., Ltd. (South Korea), X-Celeprint Ltd. (Ireland), Epistar Corporation (Taiwan), GLO AB (Sweden), VerLASE Technologies LLC (US), JBD Inc. (JB-Display) (China), Aledia (France), Uniqarta, Inc. (US), ALLOS Semiconductors GmbH (Germany), Plessey Semiconductors Ltd. (UK), PlayNitride Inc. (Taiwan), Mikro Mesa Technology Co., Ltd. (Taiwan), VueReal Inc. (Canada), Ostendo Technologies, Inc. (US), Sharp Corporation (eLux Inc.) (Japan), University of Sheffield (EpiPix Ltd.) (UK), Micledi (Belgium), Microluce (Taiwan), Tianma (China), and Visionox (China). Other prominent players in the market are Lumens Co., Ltd. (South Korea), Lumiode, Inc. (US), Rohinni LLC (US), Cooledge Lighting Inc. (Canada), Nichia Corp. (Japan), PRP Optoelectronics (Wiltshire), CSOT (China), and Konka (China).

Apple has aggressive marketing and advertising strategies, along with high investments in R&D. The markets for Apple’s products and services are highly competitive, and the company is confronted by aggressive competition in all areas of its business. In the micro-LED market, Apple is expected to dominate the small display format as the technology commercializes. With the largest patent portfolio on micro-LED technology (including LuxVue’s expertise), and with the development of efficient and high-quality displays (based on micro-LED technology), the company can decrease its dependence on other display panel manufacturers. Apple smartwatch is expected to be the first product to have micro-LED display panels. The company has good business relations with foundry companies, e.g., TSMC. As of 2017, the company is investing heavily in the development of micro-LED technology for mass production; however, there has been no official prototype development in the market by Apple.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

  Base year considered

2019

  Forecast period

2020–2025

  Forecast units

Value (USD)

  Segments covered

application, resolution and brightness, panel size, vertical, and geography

  Geographies covered

North America, Europe, APAC, and RoW

  Companies covered

       Apple Inc. (LuxVue) (US), Oculus VR (InfiniLED) (US), Sony Corp. (Japan), Samsung Electronics Co., Ltd. (South Korea), X-Celeprint Ltd. (Ireland), Epistar Corporation (Taiwan), GLO AB (Sweden), VerLASE Technologies LLC (US), JBD Inc. (JB-Display) (China), Aledia (France), Uniqarta, Inc. (US), ALLOS Semiconductors GmbH (Germany), Plessey Semiconductors Ltd. (UK), PlayNitride Inc. (Taiwan), Mikro Mesa Technology Co., Ltd. (Taiwan), VueReal Inc. (Canada), Ostendo Technologies, Inc. (US), Sharp Corporation (eLux Inc.) (Japan), University of Sheffield (EpiPix Ltd.) (UK), Micledi (Belgium), Microluce (Taiwan), Tianma (China), and Visionox (China). Other prominent players in the market are Lumens Co., Ltd. (South Korea), Lumiode, Inc. (US), Rohinni LLC (US), Cooledge Lighting Inc. (Canada), Nichia Corp. (Japan), PRP Optoelectronics (Wiltshire), CSOT (China), and Konka (China).
Total 31 major players covered

In this research report, the interactive kiosk market has been segmented on the basis of application, resolution and brightness, panel size, vertical, and geography.

Micro-LED market by Application

  • Display
    • Smartwatch
    • Near-to-Eye (NTE) Device
    • Television
    • Smartphone and Tablet
    • Head-up Display (HUD)
    • Laptop and Monitor
    • Digital Signage
  • Lighting
    • General Lighting
    • Automotive Lighting

Micro-LED market by Resolution and Brightness

Micro-LED market by Panel Size

  • Microdisplay
  • Small and Medium-sized Panel
  • Large Panel

Micro-LED market by Vertical

  • Consumer Electronics
  • Automotive
  • Advertising (Digital Signage)
  • Aerospace & Defense
  • Others

Recent Developments

  • In January 2020, Samsung Electronics announced that it will launch new modular micro-LED TVs for the consumer market in distinct size ranges—75", 88", 93", 110", 146", 150", 219", and 292".
  • In February 2020, Samsung Electronics partnered with Niio, a premium media art platform. The objective of the partnership is to launch an open-call visual art competition to promote Samsung’s micro-LED displays.
  • In October 2019, Apple announced the construction of a new facility for developing micro-LED technology for Apple products in collaboration with the local supply chain in Taiwan; it is located next to Apple’s Taoyuan plant.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 18)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SEGMENTATION
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 PACKAGE SIZE
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 23)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size by bottom-up approach
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size by top-down approach
    2.3 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           2.4.1 ASSUMPTIONS FOR RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 32)
    3.1 COVID-19 IMPACT ANALYSIS ON MICRO-LED MARKET
           3.1.1 REALISTIC SCENARIO (POST-COVID-19)
           3.1.2 OPTIMISTIC SCENARIO (POST-COVID-19)
           3.1.3 PESSIMISTIC SCENARIO (POST-COVID-19)

4 PREMIUM INSIGHTS (Page No. - 38)
    4.1 ATTRACTIVE OPPORTUNITIES FOR MICRO-LED MARKET GROWTH
    4.2 MARKET FOR DISPLAY AND LIGHTING APPLICATIONS (2017–2026)
    4.3 SMARTPHONE, NTE DEVICE, AND TELEVISION APPLICATIONS TO DRIVE GLOBAL MICRO-LED DISPLAY MARKET
    4.4 SMALL AND MEDIUM-SIZED PANEL TO GROW AT HIGHEST CAGR BETWEEN 2020 AND 2026
    4.5 MICRO-LED DISPLAY MARKET, BY VERTICAL
    4.6 LEADING APPLICATIONS AND REGIONS IN MICRO-LED DISPLAY MARKET BY 2026

5 MARKET OVERVIEW (Page No. - 42)
    5.1 MARKET DYNAMICS
           5.1.1 DRIVERS
                    5.1.1.1 Growing demand for brighter and more power-efficient display panels for smartwatches, mobile devices, and AR/VR devices
                    5.1.1.2 Increasing interest of electronics giants
                    5.1.1.3 Interest shown by input/component suppliers in supply chain
           5.1.2 RESTRAINTS
                    5.1.2.1 No established supply chain and distributed patent portfolio
                    5.1.2.2 Rising demand for OLED
                    5.1.2.3 High growth of flexible display market and adoption of folded displays for smartphones in near future
           5.1.3 OPPORTUNITIES
                    5.1.3.1 Manufacturing of micro-LEDs on large silicon wafers
                    5.1.3.2 Growing demand for wearable displays for smartwatches and AR/VR HMDs
                    5.1.3.3 High penetration of micro-LED-based products in display panel market
           5.1.4 CHALLENGES
                    5.1.4.1 Requirement of huge investments and need for different manufacturing processes as well as equipment computability
                    5.1.4.2 Low yield, high cost, and need for improving micro-LED production and mass transfer processes
                    5.1.4.3 Trade-off between pixel volume and pixel size

6 INDUSTRY TRENDS (Page No. - 50)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
           6.2.1 R&D (PROTOTYPE & IP DEVELOPMENT)
           6.2.2 MICRO-LED MANUFACTURING (LED FOUNDRY)
           6.2.3 MASS TRANSFER
           6.2.4 PANEL MANUFACTURING
           6.2.5 PRODUCT INTEGRATION
           6.2.6 INPUT SUPPLIERS
                    6.2.6.1 Wafer suppliers
                    6.2.6.2 Driver/controller suppliers
                    6.2.6.3 Manufacturing equipment suppliers
                    6.2.6.4 Other suppliers
    6.3 PATENT ANALYSIS
    6.4 MICRO-LED: CURRENT CAPABILITY AND TECHNOLOGY STATUS
    6.5 COMMERCIALIZATION POTENTIAL OF MICRO-LED IN DIFFERENT DEVICES
           6.5.1 DEVICE COMPARISON AND SPECIFICATION REQUIREMENT
                    6.5.1.1 Small and medium-sized devices
                    6.5.1.2 Large devices
    6.6 IMPACT OF COVID-19 ON MICRO-LED MARKET

7 MICRO-LED MARKET, BY APPLICATION (Page No. - 59)
    7.1 INTRODUCTION
    7.2 DISPLAY
           7.2.1 NEAR-TO-EYE (NTE) DEVICES
                    7.2.1.1 AR HMD
                               7.2.1.1.1 Global spread of COVID-19 is major factor responsible for declining revenue in 2020
                    7.2.1.2 VR HMD
                               7.2.1.2.1 Surge in demand for VR HMD in numerous applications is key factor fueling demand for micro-LEDs
           7.2.2 SMARTWATCH
                    7.2.2.1 Growing demand for high brightness display smartwatches is propelling demand for micro-LEDs
           7.2.3 TELEVISION
                    7.2.3.1 Problems associated with mass-production of televisions using micro-LED technology likely to be potential restraint for market growth
           7.2.4 HEAD-UP DISPLAY (HUD)
                    7.2.4.1 Growing demand for better head-up displays in automotive sector driving market growth
           7.2.5 SMARTPHONE AND TABLET
                    7.2.5.1 High luminosity and power efficiency offered by micro-LED technology likely to boost adoption among smartphone manufacturers
           7.2.6 MONITOR AND LAPTOP
                    7.2.6.1 Limitations associated with implementing micro-LED technology in large-format devices may result in late commercialization of micro-LED technology for laptops and monitors
           7.2.7 DIGITAL SIGNAGE
                    7.2.7.1 High brightness and better contrast ratio are driving adoption of micro-LED technology in digital signage
    7.3 LIGHTING
           7.3.1 GENERAL LIGHTING
                    7.3.1.1 Extensive utilization in development of backlit lighting panels for consumer products anticipated to drive growth of micro-LED market for general lighting
           7.3.2 AUTOMOTIVE LIGHTING
                    7.3.2.1 Surging demand for smart headlights in automotive sector anticipated to encourage adoption of micro-LEDs

8 MICRO-LED DISPLAY MARKET, BY RESOLUTION AND BRIGHTNESS (Page No. - 78)
    8.1 RESOLUTION
           8.1.1 INCREASING DEMAND FOR HIGH-RESOLUTION DISPLAYS DRIVES MICRO-LED DISPLAY MARKET
    8.2 BRIGHTNESS
           8.2.1 MICRO-LEDS CAN RENDER MORE BRIGHTNESS THAN ANY OTHER DISPLAY TECHNOLOGY
    8.3 MICRO-LED PRODUCT LAUNCHES AND THEIR FEATURES

9 MICRO-LED DISPLAY MARKET, BY PANEL SIZE (Page No. - 81)
    9.1 INTRODUCTION
    9.2 MICRODISPLAY
           9.2.1 COMPANIES ARE FOCUSING ON DEVELOPING PROTOTYPES OF MICRODISPLAYS
    9.3 SMALL AND MEDIUM-SIZED PANEL
           9.3.1 MASS PRODUCTION OF MICRO-LED-BASED SMALL AND MEDIUM-SIZED PANELS CURRENTLY HAS FEW UNRESOLVED ISSUES
    9.4 LARGE PANEL
           9.4.1 MICRO-LED-BASED LARGE DISPLAY PANELS INCREASE COST OF END PRODUCTS

10 MICRO-LED DISPLAY MARKET, BY VERTICAL (Page No. - 87)
     10.1 INTRODUCTION
     10.2 CONSUMER ELECTRONICS
             10.2.1 CONSUMER ELECTRONICS IS MOST ATTRACTIVE SEGMENT IN MICRO-LED DISPLAY MARKET
     10.3 ADVERTISING
             10.3.1 DIGITAL SIGNAGE IS MOST PROMISING SEGMENT IN MICRO-LED DISPLAY MARKET FOR ADVERTISING
     10.4 AUTOMOTIVE
             10.4.1 HUD HOLDS HIGHEST POTENTIAL IN MICRO-LED MARKET FOR AUTOMOTIVE VERTICAL
     10.5 AEROSPACE & DEFENSE
             10.5.1 AR AND VR HMDS ARE KEY APPLICATIONS FOR MICRO-LED DISPLAYS IN AEROSPACE & DEFENSE VERTICAL
     10.6 OTHERS
             10.6.1 NTE DEVICES ARE EXPECTED TO CONTRIBUTE TO OVERALL GROWTH OF MICRO-LED DISPLAY MARKET FOR OTHERS SEGMENT

11 MICRO-LED MARKET, BY REGION (Page No. - 92)
     11.1 INTRODUCTION
     11.2 APAC
             11.2.1 SOUTH KOREA
                        11.2.1.1 Presence of key players is driving market growth in South Korea
             11.2.2 CHINA
                        11.2.2.1 COVID-19 is forcing key players to retract investments
             11.2.3 JAPAN
                        11.2.3.1 Presence of leading display panel manufacturers is driving Japanese micro-LED market
             11.2.4 REST OF APAC
                        11.2.4.1 Taiwan, Hing Kong, Singapore, and Malaysia are attracting foreign investments
     11.3 NORTH AMERICA
             11.3.1 US
                        11.3.1.1 Presence of consumer electronics manufacturers expected to boost micro-LED market growth in US
             11.3.2 CANADA
                        11.3.2.1 Canada’s growing economy holds potential for growth
             11.3.3 MEXICO
                        11.3.3.1 Rising disposable income levels and increase in mid-income group population drive Mexican micro-LED market
     11.4 EUROPE
             11.4.1 UK
                        11.4.1.1 Market stakeholders to engage in strategic partnerships with micro-LED display suppliers
             11.4.2 GERMANY
                        11.4.2.1 Germany holds major market share in European market
             11.4.3 FRANCE
                        11.4.3.1 Advertising is key vertical in France for micro-LED market
             11.4.4 REST OF EUROPE
                        11.4.4.1 Demand in consumer electronics expected to boost micro-LED market in Rest of Europe
     11.5 REST OF THE WORLD (ROW)
             11.5.1 ADOPTION OF MICRO-LED TECHNOLOGY IS IN NASCENT STAGE IN ROW

12 COMPETITIVE LANDSCAPE (Page No. - 111)
     12.1 OVERVIEW
     12.2 MICRO-LED MARKET: RANKING ANALYSIS (2018)
     12.3 COMPETITIVE SCENARIO
             12.3.1 PRODUCT DEVELOPMENTS
             12.3.2 AGREEMENTS
             12.3.3 EXPANSIONS
             12.3.4 MERGERS, ACQUISITIONS, AND INVESTMENTS
     12.4 COMPETITIVE LEADERSHIP MAPPING, 2019
             12.4.1 VISIONARY LEADERS
             12.4.2 DYNAMIC DIFFERENTIATORS
             12.4.3 INNOVATORS
             12.4.4 EMERGING COMPANIES
     12.5 STRENGTH OF PRODUCT PORTFOLIO
     12.6 BUSINESS STRATEGY EXCELLENCE

13 COMPANY PROFILES (Page No. - 120)
     13.1 KEY PLAYERS
(Business overview, Products and Services offered, Recent developments, SWOT analysis, MNM view)*
             13.1.1 APPLE (LUXVUE)
             13.1.2 OCULUS VR (INFINILED)
             13.1.3 SONY
             13.1.4 SAMSUNG ELECTRONICS
             13.1.5 X-CELEPRINT
             13.1.6 EPISTAR
             13.1.7 GLO AB
             13.1.8 VERLASE TECHNOLOGIES
             13.1.9 JADE BIRD DISPLAY INC.
             13.1.10 ALEDIA
*Business overview, Products and Services offered, Recent developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
     13.2 KEY INNOVATORS
             13.2.1 MIKRO MESA TECHNOLOGY
             13.2.2 VUEREAL
             13.2.3 UNIQARTA
             13.2.4 ALLOS SEMICONDUCTORS
             13.2.5 PLESSEY SEMICONDUCTORS
             13.2.6 PLAYNITRIDE
             13.2.7 OSTENDO TECHNOLOGIES
             13.2.8 SHARP CORPORATION (ELUX INC.)
             13.2.9 UNIVERSITY OF SHEFFIELD (EPIPIX LTD.)
             13.2.10 MICLEDI
             13.2.11 MICROLUCE
             13.2.12 TIANMA
             13.2.13 VISIONOX
     13.3 OTHER IMPORTANT PLAYERS
             13.3.1 LUMENS
             13.3.2 LUMIODE
             13.3.3 ROHINNI
             13.3.4 COOLEDGE
             13.3.5 NICHIA
             13.3.6 PRP OPTOELECTRONICS
             13.3.7 CSOT
             13.3.8 KONKA
     13.4 RESEARCH INSTITUTES AND LABS
             13.4.1 INDUSTRIAL TECHNOLOGY RESEARCH INSTITUTE (ITRI) (EOSRL)
             13.4.2 CHANGCHUN INSTITUTE
             13.4.3 III-V LAB
             13.4.4 CEA-LETI
             13.4.5 HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY
             13.4.6 FRAUNHOFER-GESELLSCHAFT
     13.5 INPUT SUPPLIERS
             13.5.1 JASPER DISPLAY
             13.5.2 CRYSTALWISE TECHNOLOGY
             13.5.3 UNIMICRON
             13.5.4 LUMINIT
             13.5.5 MACROBLOCK
             13.5.6 HIMAX
     13.6 SIGNIFICANT DISPLAY PLAYERS ENTERING MARKET
             13.6.1 FOXCONN (SHARP/ELUX/INNOLUX)
             13.6.2 BOE TECHNOLOGY
             13.6.3 AU OPTRONICS
             13.6.4 LG DISPLAY

14 APPENDIX (Page No. - 156)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 RELATED REPORTS
     14.4 AUTHOR DETAILS


LIST OF TABLES (32 TABLES)

TABLE 1 INDUSTRY CAPABILITY ANALYSIS: PIXEL PRODUCTION/TRANSFER RATE FOR COMMERCIALIZATION, BY DEVICE
TABLE 2 MARKET, BY APPLICATION, 2017–2026 (USD MILLION)
TABLE 3 MICRO-LED DISPLAY MARKET, BY APPLICATION, 2017–2026 (THOUSAND UNITS)
TABLE 4 MICRO-LED DISPLAY MARKET, BY APPLICATION, 2017–2026 (USD MILLION)
TABLE 5 COMPARISON OF PROPERTIES OF DIFFERENT MICRODISPLAY TECHNOLOGIES
TABLE 6 MICRO-LED DISPLAY MARKET FOR NTE DEVICE, BY HMD TYPE, 2017–2026 (MILLION UNITS)
TABLE 7 MARKET FOR NTE DEVICE, BY HMD TYPE, 2017–2026 (USD MILLION)
TABLE 8 MICRO-LED DISPLAY MARKET FOR NTE DEVICE, BY REGION, 2017–2026 (USD MILLION)
TABLE 9 MARKET FOR AR HMD, BY REGION, 2017–2026 (USD MILLION)
TABLE 10 MARKET FOR VR HMD, BY REGION, 2017–2026 (USD MILLION)
TABLE 11 MARKET FOR SMARTWATCH, BY REGION, 2017–2026 (USD MILLION)
TABLE 12 MICRO-LED DISPLAY MARKET FOR TELEVISION, BY REGION, 2017–2026 (USD MILLION)
TABLE 13  MARKET FOR HUD, BY REGION, 2017–2026 (USD MILLION)
TABLE 14 MARKET FOR SMARTPHONE AND TABLET, BY REGION, 2017–2026 (USD MILLION)
TABLE 15 MARKET FOR LAPTOP AND MONITOR, BY REGION, 2017–2026 (USD MILLION)
TABLE 16 MARKET FOR DIGITAL SIGNAGE, BY REGION, 2017–2026 (USD MILLION)
TABLE 17 MICRO-LED LIGHTING MARKET, BY APPLICATION, 2017–2026 (USD MILLION)
TABLE 18 MARKET FOR GENERAL LIGHTING, BY REGION, 2017–2026 (USD MILLION)
TABLE 19 MICRO-LED LIGHTING MARKET FOR AUTOMOTIVE LIGHTING, BY REGION, 2017–2026 (USD MILLION)
TABLE 20 MICRO-LED DISPLAY MARKET, BY PANEL SIZE, 2017–2026 (USD MILLION)
TABLE 21 MARKET, BY VERTICAL, 2017–2025 (USD MILLION)
TABLE 22 MARKET, BY REGION, 2017–2026 (USD MILLION)
TABLE 23 MARKET, BY REGION, 2017–2026 (USD MILLION)
TABLE 24 MICRO-LED LIGHTING MARKET, BY REGION, 2017–2026 (USD MILLION)
TABLE 25 MARKET IN APAC, BY APPLICATION, 2017–2026 (USD MILLION)
TABLE 26 MICRO-LED DISPLAY MARKET IN APAC, BY COUNTRY, 2017–2026 (USD MILLION)
TABLE 27 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2026 (USD MILLION)
TABLE 28 MICRO-LED DISPLAY MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2026 (USD MILLION)
TABLE 29 MICRO-LED DISPLAY MARKET IN EUROPE, BY APPLICATION, 2017–2026 (USD MILLION)
TABLE 30 MARKET IN EUROPE, BY COUNTRY, 2017–2026 (USD MILLION)
TABLE 31 MARKET IN ROW, BY APPLICATION, 2017–2026 (USD MILLION)
TABLE 32 KEY PLAYER MARKET RANKING (2019)


LIST OF FIGURES (59 FIGURES)

FIGURE 1 MICRO-LED DISPLAY MARKET: SEGMENTATION
FIGURE 2 MARKET: SEGMENTATION
FIGURE 3 MICRO-LED MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
FIGURE 4 RESEARCH DESIGN
FIGURE 5 DATA TRIANGULATION
FIGURE 6 MICRO-LED MARKET, 2017–2026 (USD MILLION)
FIGURE 7 MICRO-LED DISPLAY PANEL MARKET, BY APPLICATION, 2017–2026 (USD MILLION)
FIGURE 8 MARKET, BY VERTICAL, 2017–2026 (USD MILLION)
FIGURE 9 SMALL AND MEDIUM-SIZED PANEL TO DOMINATE MICRO-LED DISPLAY MARKET BY 2026
FIGURE 10 IMPACT OF COVID-19 ON MICRO-LED MARKET
FIGURE 11 MARKET IN APAC TO GROW AT HIGHEST CAGR BETWEEN 2020 AND 2026
FIGURE 12 AUTOMOTIVE LIGHTING TO DOMINATE MICRO-LED LIGHTING MARKET BETWEEN 2020 AND 2026
FIGURE 13 CONSUMER VERTICAL IS EXPECTED TO GROW AT HIGHEST CAGR IN MICRO-LED DISPLAY MARKET FROM 2020 TO 2026
FIGURE 14 DISPLAY TO DOMINATE MICRO-LED MARKET BETWEEN 2020 AND 2026
FIGURE 15 SMARTPHONE AND TABLET APPLICATION TO ACCOUNT FOR LARGEST SHARE OF MICRO-LED DISPLAY MARKET BY 2026
FIGURE 16 SMALL AND MEDIUM-SIZED PANEL TO ACCOUNT FOR LARGEST SHARE OF MICRO-LED DISPLAY MARKET BY 2026
FIGURE 17 CONSUMER ELECTRONICS VERTICAL TO HOLD LARGEST SHARE OF DOMINATE MICRO-LED DISPLAY MARKET DURING FORECAST PERIOD
FIGURE 18 APAC AND SMARTPHONE AND TABLET APPLICATION TO HOLD LARGEST SHARE OF MICRO-LED DISPLAY MARKET, BY 2026
FIGURE 19 MICRO-LED DISPLAY MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2020 TO 2026
FIGURE 20 MICRO-LED MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 21 MICRO-LED VALUE CHAIN
FIGURE 22 MARKET: PATENT ANALYSIS
FIGURE 23 PIXEL (RGB LED) PRODUCTION/TRANSFER RATE FOR COMMERCIALIZATION, BY DEVICE
FIGURE 24 SMALL AND MEDIUM-SIZED DEVICE ANALYSIS: PIXEL PITCH, PIXELS PER PANEL, PIXEL SIZE REQUIREMENT, AND EXPECTED COMMERCIALIZATION
FIGURE 25 LARGE DEVICE ANALYSIS: PIXEL PITCH, PIXELS PER PANEL, PIXEL SIZE REQUIREMENT, AND EXPECTED COMMERCIALIZATION
FIGURE 26 MICRO-LED DISPLAY MARKET, BY APPLICATION
FIGURE 27 MARKET, BY APPLICATION, 2017–2026 (MILLION UNITS)
FIGURE 28 MICRO-LED DISPLAY MARKET, BY APPLICATION, 2017–2026 (USD MILLION)
FIGURE 29 MARKET SHARE FOR NTE DEVICES, BY REGION, 2020 VS. 2026
FIGURE 30 MICRO-LED LIGHTING MARKET, BY TYPE
FIGURE 31 MARKET, BY APPLICATION, 2020 VS. 2026 (USD MILLION)
FIGURE 32 MICRO-LED DISPLAY MARKET, BY RESOLUTION TYPE
FIGURE 33 MARKET, BY BRIGHTNESS
FIGURE 34 MICRO-LED DISPLAY MARKET, BY PANEL SIZE
FIGURE 35 MARKET, BY PANEL SIZE, 2017–2026 (USD MILLION)
FIGURE 36 MICRO-LED DISPLAY MARKET FOR MICRODISPLAYS, 2017–2026 (USD MILLION)
FIGURE 37 MARKET FOR SMALL AND MEDIUM-SIZED DISPLAY PANEL, 2017–2026 (USD MILLION)
FIGURE 38 MICRO-LED DISPLAY MARKET FOR LARGE DISPLAY PANELS, 2017–2026 (USD MILLION)
FIGURE 39 MICRO-LED DISPLAY MARKET, BY VERTICAL
FIGURE 40 MICRO-LED DISPLAY MARKET, BY VERTICAL, 2017–2026 (USD MILLION)
FIGURE 41 MICRO-LED MARKET, BY REGION
FIGURE 42 MICRO-LED MARKET, BY REGION, 2017–2026 (USD MILLION)
FIGURE 43 APAC TO ACCOUNT FOR LARGEST SHARE IN MICRO-LED MARKET BY 2026
FIGURE 44 MARKET: RAPIDLY GROWING MARKETS & NEW HOTSPOTS
FIGURE 45 APAC: MARKET SNAPSHOT
FIGURE 46 MICRO-LED DISPLAY MARKET IN APAC, BY APPLICATION, 2017–2026 (USD MILLION)
FIGURE 47 NORTH AMERICA: MICRO-LED DISPLAY MARKET SNAPSHOT
FIGURE 48 MICRO-LED DISPLAY MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2026 (USD MILLION)
FIGURE 49 EUROPE: MICRO-LED DISPLAY MARKET SNAPSHOT
FIGURE 50 MARKET IN EUROPE, BY APPLICATION, 2017–2026 (USD MILLION)
FIGURE 51 MICRO-LED DISPLAY MARKET IN ROW, BY APPLICATION, 2017–2026 (USD MILLION)
FIGURE 52 KEY DEVELOPMENTS BY LEADING PLAYERS IN MICRO-LED MARKET, 2014–2020
FIGURE 53 MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 54 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MICRO-LED MARKET
FIGURE 55 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MICRO-LED MARKET
FIGURE 56 APPLE: COMPANY SNAPSHOT
FIGURE 57 SONY: COMPANY SNAPSHOT
FIGURE 58 SAMSUNG ELECTRONICS: COMPANY SNAPSHOT
FIGURE 59 EPISTAR: COMPANY SNAPSHOT

The study involved four major activities for estimating the size of the global micro-LED market. Exhaustive secondary research was done to collect information on the market, including its peer markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations; white papers, micro-LED-related journals, certified publications, and articles from recognized authors; gold and silver standard websites; directories; and databases. Secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated through primary research. The secondary data has been collected and analyzed to arrive at the global micro-LED market size, which has also been validated by primary research.

Primary Research

In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants from various key companies and organizations operating in the micro-LED market.

Primary research has also been conducted to identify segmentation types and key players, as well as to analyze the competitive landscape, key market dynamics (drivers, restraints, opportunities, and challenges), and major growth strategies adopted by market players. During market engineering, both top-down and bottom-up approaches have been extensively used, along with several data triangulation methods, to estimate and forecast the market, including the overall micro-LED market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed during the complete market engineering process to list the key information/insights throughout the report. Primary data has been collected through questionnaires, e-mails, and telephonic interviews.

Micro-LED Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the overall market and other dependent submarkets listed in this report. Extensive qualitative and quantitative analyses have been performed during market engineering to list key information/insights.

Major players in the micro-LED market have been identified through secondary research, and their market ranking has been determined through primary and secondary research. This involved a study of the annual and financial reports of top market players and interviews with industry experts (such as CEOs, vice presidents, directors, and marketing executives) for key insights—both quantitative and qualitative.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

Data Triangulation

After arriving at the overall micro-LED market size through the process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives

  • To define, describe, forecast, and analyze the micro-LED market by panel size, vertical, application, and region
  • To forecast the market for various segments for four main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the micro-LED market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the micro-LED market
  • To strategically profile the key players and comprehensively analyze their market position in terms of their market ranking and core competencies, and to analyze the competitive landscape across the ecosystem

Available Customization

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the micro-LED market report.

  • Detailed analysis and profiling of additional market players (up to 5)
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