Global Micro-LED Market Outlook to 2027 – Featuring Sony, Innolux and Epistar Among Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Micro-LED Market Outlook, 2027” report has been added to ResearchAndMarkets.com’s offering.
According to the report Global Micro-LED Market Outlook, 2027, the Micro-LED market is anticipated to grow at a CAGR of more than 81% in value by the end of the forecast period. Increasing demand for premium electronic products like smartphones, Near-to-eye Devices (AR and VR), televisions, smartwatches are key drivers of the Micro-LED market during the forecasted period.
MicroLED also called mLED or LED, is an emerging technology that consists of arrays of tiny LEDs forming the individual pixel elements. Micro-LED is a self-emitting technology that uses very microscopic LEDs. It uses a TFT (thin-film transistor) circuit to control every single pixel which is the same as other display technologies. Unlike LCD, a self-emitting display does not require a backlight. Compared to widespread LCD technology, Micro-LED displays offer higher contrast, response times and reduced energy requirements compared to conventional LCD displays and also offer pixel-level light control and a high contrast ratio.
MicroLED technology was first introduced in 2000 by the research group of Hongxing Jiang and Jingyu Lin of Texas Tech University during they were at Kansas State University. Following the first report of electrical injection MicroLEDs based on indium gallium nitride (InGaN) semiconductors. Various on-chip connection schemes of MicroLED pixel arrays have been employed allowing for the development of single-chip high voltage DC/AC-LEDs to address the compatibility issue between the high voltage electrical infrastructure and low voltage operation nature of LEDs and high brightness self-emissive micro displays.
In 2012, Sony Corporation demonstrated the first micro-LED TV (55, Full-HD) which they named as Crystal-LED but it was never reached the market, in 2016 the company launched its large-area outdoor micro-LED displays which termed as a Canvas Display. After two years, Samsung was the first company to lunched MicroLED to the consumer market called The Wall. In the past few years, consumer interest and demand for large screen TVs has continued to grow rapidly.
In Global Market, the Asia Pacific region is leading the market and has the fastest CAGR throughout the forecast periods. China and South Korea are the leading countries in the Asia Pacific region. Followed by the Asia Pacific, North America is contributing around 37% in 2021. The Micro-LED market is segmented based on applications such as display and lighting. The major application of Micro-LED in the display is Near-to-eye Devices (AR and VR), Television, Smartphone & Tablet, Monitor & Laptop, Head-up Display, and Digital Signage. NTE devices such as AR & VR are contributed more than 25% in 2021 and led the market share in the forecasted period. Currently, By the End-user segment, the consumer electronics industry is leading the market throughout the forecast period and contributed approx. 56% in MicroLED Market.
Companies Mentioned
- Luxvue Technology (Apple Inc.)
- Oculus Vr Inc- (Meta Inc.)
- Sony Corporation
- Samsung Electronics Co. Limited
- Lg Display Co- Limited
- Innolux Corporation
- Epistar Corporation
- Ostendo Technologies, Inc.
- Jbd Inc.
- Rohinni LLC
- Optovate Limited
- Aledia Sa
- Plessey Semiconductors Limited
- Vuereal Inc.
- Allos Semiconductors Gmbh
This report would help you answer the following questions:
1. At what rate the global Micro-LED market will grow in forecast period?
2. What are the Application of Micro-LED?
3. Who is the leading End Users industry used Micro-LED most?
4. Which Application of Micro-LED is leading the market?
5. What is the impact of COVID-19 on the Micro-LED Market?
Key Topics Covered:
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic/Demographic Snapshot
5. Global Micro-LED Market Outlook
5.1. Market Size By Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By End User
5.2.4. By Application
5.2.5. By Panel Size
6. North America Micro-LED Market Outlook
7. Europe Micro-LED Market Outlook
8. Asia-Pacific Micro-LED Market Outlook
9. Latin America, Middle East & Africa Micro-LED Market Outlook
10. Market Dynamics
10.1. Key Drivers
10.2. Key Challenges
11. Market Trends and Developments
12. Company Profiles
13. Strategic Recommendations
14. Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/vfxeaq
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