HOME Research Insight Apple (US) and while X-Celeprint (Ireland ) are the Kay Players in the Micro-LED Market

Apple (US) and while X-Celeprint (Ireland ) are the Kay Players in the Micro-LED Market

Micro-LED is a self-emitting technology that offers the possibility of manufacturing display and lighting devices with high brightness at low power consumption. The micro-LED market is estimated to grow from USD 0.60 Billion in 2019 to USD 20.50 Billion by 2025, at a CAGR of 80.1% between 2019 and 2025.

Increasing demand for brighter and more power-efficient display panels for smartwatches, mobile devices, and NTE (AR/VR) devices is a major factor for the growth of the market. The rising interest of electronic giants-Apple, Samsung, and Sony-and interest shown by input/component suppliers in the supply chain also contribute to the market growth.

As of 2018, micro-LED technology development has picked up momentum. Players are mainly focusing on mergers and acquisitions, partnerships, agreements, and collaborations to consolidate their market position. Companies such as Apple (US) and Oculus VR (US) have adopted mergers and acquisitions as their main strategies, while X-Celeprint (Ireland) and Aledia (France) have adopted prototype launch as their main strategy. Heavyweights such as Sony (Japan) and Samsung Electronics (South Korea) in the display industry have also launched prototypes of micro-LED-based modular format.

Apple has aggressive marketing and advertising strategies, along with high investment 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 in the small display format after the commercialization of the technology. With the development of efficient and high picture quality displays (based on micro-LED technology), the company can decrease its dependence on other display panel manufacturers. The company has tie-ups with foundry companies such as TSMC. Apple is expected to commercialize micro-LED display technology in its smartphone products in 2019.

Sony was the first company to develop a micro-LED technology-based display (named Crystal LED) in 2012. The company launched the second generation of micro-LED-based display technology-Crystal LED Integrated Structure (CLEDIS)-in 2017, and is currently the only player in the market with product commercialization. The company’s roadmap is to start from large-format displays and move toward smaller display products such as TVs, PC monitors, smartphones, and smart wearables. Sony has made significant advancements, but realizing this technology in applications such as TVs and smartphones is expected to take time.

X-Celeprint is focusing on developing and licensing patented micro-transfer printing (ìTP) technology. The company is an industry leader after LuxVue (Apple) in terms of technology protection (patents filed) for mass-transferring micro-LEDs. The micro-transfer printing technology developed by the company is a cost-effective and scalable manufacturing platform for integrating microscale devices such as lasers, LEDs, or integrated circuits into non-native substrates. With wide patent portfolio and limited financial backup, the company aims to find potential customers interested in utilizing its micro-assembly technology for the commercialization of micro-LED products. The company has demonstrated both monochrome and full-color passive matrix displays using printed micro-LEDs. In these passive matrix prototypes, 10,000 micro-LEDs were transferred per print sequence (30–40 seconds). The company presented a 254ppi RGB passive matrix inorganic LED (PMILED) display in which each color micro-LED was made on its unique wafer substrate and then transferred to the glass display substrate. X-Celeprint holds over 150 patents on LED transfer technology and has business tie-ups with other companies, research labs, and universities.

Related Reports:

Micro-LED Market by Application (Display (Smartwatch, NTE Devices (AR, VR), Smartphone, Television, HUD, Digital Signage, Laptop & Monitor) and Lighting (General, Automotive)), Display Panel Size, Vertical, and Geography - Global Forecast to 2025

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