Micro-LED Market

Micro-LED Companies - Apple (US) and Sony (Japan) are the Key Players

The micro-LED market is estimated to be valued at USD 592 million in 2021 and reach USD 21,169 million by 2027, at a CAGR of 81.5%. The expected penetration of  micro-LED displays in NTE devices and premium smartphones are the key factors that will accelerate the growth of the micro-LED market during the forecast period. Likewise, growing demand for wearable displays for smartwatches and head mounted displays (HMDs) are expected to create lucrative opportunities for the players in the micro-LED market. However, absence of patents and proper supply chain are expected to restraint market growth.

Major micro-LED companies include:

  • Apple (US), Oculus VR (US),
  • Sony (Japan),
  • Samsung Electronics (South Korea), 
  • X-Celeprint (Ireland).

The major strategies adopted by the key players in the micro-LED market included R&D investments, collaborations, and acquisitions which helped them to innovate and strengthen their product offerings.

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

Recent Developments

  • In February 2021, Apple (US) partnered with TSMC (Taiwan) to manufacture micro-LED displays, which could be used for Apple VR glasses in the future.
  • In January 2021, Sony launched direct view LED – the modular Crystal LED C-series (ZRD-C12A/C15A) with high contrast and B-series (ZRD-B12A/B15A) with high brightness. Both new displays are available in two-pixel pitch sizes (P1.26mm and P1.58mm) to suit different installation needs and expand the line-up of Sonys Crystal LED for various applications including corporate showrooms, lobbies and productions.
  • In April 2019, Sony installed a 16K micro-LED display with its Crystal LED technology in Japan at NAB. The display system is installed in the new research center of the Shiseido Group.

Apple (US) and Sony (Japan) are among the major players in the micro-LED market.

Apple (US)

One of the major companies in the micro-LED market, Apple designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players. Apple acquired LuxVue Technology, a micro-LED display developer, in 2014 and set up a micro-LED research lab in Taoyuan, Taiwan, in 2015. LuxVue owns the largest patent portfolio on micro-LED and associated technologies and is a leading company in developing low-power, micro-LED technology-based displays for consumer electronic products. This acquisition indicates that Apple is investing huge resources in the development of energy-efficient and high-quality display technology for its premium products.

Apple partnered with Taiwan Semiconductor Manufacturing Company (TMSC) to mass-produce micro-LED displays as the company is fabless. The shift toward micro-LED display technology is aimed at reducing dependence on OLED display panel suppliers, such as Samsung Electronics, that also compete with Apple in the consumer electronics market space. The transition toward micro-LED display technology will also allow for longer battery life in smartwatch and smartphone applications due to lesser power requirements, as well as brighter screen features.

Sony (Japan)

Sony is known for developing, designing, manufacturing, and selling electronic equipment, instruments, devices, game consoles, and software for retail and industrial markets. In 2017, Sony unveiled the Crystal LED-integrated structure (CLEDIS) display technology, a new large-scale canvas solution with ultrafine LEDs as a light source. The CLEDIS display technology is designed for a range of commercial applications, such as industrial product design and manufacturing for the automotive industry and displays in theme parks, museums, high-traffic lobbies, and showrooms in which intricately detailed video displays and realistic simulation are required to a large extent.

Sony is currently focusing on large-scale displays that require high pixel volume; however, as signage displays are viewed from a distance, they can have low pixel density. An increase in size and pixel volume will also increase the number of LEDs used on display, which would require more time and effort in making the product. Sony has adopted a solution to lower the pixel per inch (ppi) and increase the pixel volume (in contrast to Apple’s high ppi and low pixel volume) by using larger LEDs that have high production yield rates. The ZRD-1 CLEDIS display unit, a CLEDIS display solution derivative, is available in Europe and some countries in APAC.

Related Reports:

Micro-LED Market with Covid-19 Impact Analysis by Application (Display (Smartwatch, NTE Device, Smartphone and Tablet, Television, Digital Signage), Lighting (General, Automotive)), Display Panel Size, Vertical and Region - Global Forecast to 2027

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Micro-LED Market Size,  Share & Growth Report
Report Code
SE 5168
RI Published ON
12/7/2021
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status