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Global Micro LED Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Published: Sep 2019 | Published By: Acute Market Research

The overall micro LED market worldwide was valued at US$ 0.58 Bn in 2018 and is set to grow with a CAGR of 81.9% during the forecast period.

Market Insights

The Micro LED market, which is in the initial phase, is witnessing significant industry-wide technological advances. Enhancements in the LED industry involves the launch of improved MicroLED panels that are remarkably proficient and thin to deliver an excellent viewing angle that allows brighter images to be delivered with less power consumption. MicroLED delivers fast response time in a compact format with a focus on enhancing consumer experience. Owing to the high uniformity in wavelength for fine pixel display, demand traction has been observed on the MicroLED market, with smartphones holding the largest share. Smart watches, monitoring devices, laptops and AR / VR are leading applications that adopt the technology to improve image clarity and reduce power consumption.

Micro LED has gained traction late, although LED & OLED has been in demand for a long time, and visual tools already relish strong industry and consumer acceptance. A close study of recent product launches and developments of key industry participants active in the MicroLED market shows that VR and MR will continue to dominate the market throughout the forecast period in applications such as near-eye camera applications. Non-commercial applications such as smartphones, home theaters and laptops are also predicted to see rise in demand, gaining substantial uptake towards the second half of the forecast period of the MicroLED market. This growth is majorly due to rapid improvement in consumer acceptance and projected drop in product prices, which is primarily the MicroLED display price. Several factors viz. improving consumer spending on personal entertainment are seen as critical to influencing trends in market growth for commercial and non-commercial applications.

Owing to the presence of major micro LED display manufacturers, North America held a prominent share of the global micro-LED display market in 2018. This regional market is expected to dominate the U.S. as it is the corporate headquarters of plentiful renowned market giants such as Oculus VR, Apple, Lumiode, VerLASE Technologies and Uniqarta among others. In addition, the region is foreseeing several market-related business activities that contribute significantly to the overall demand of the market. The increasing use of micro LED displays in automotive applications drives the micro-LED display market in European countries. For several applications, such as dashboard, rearview mirrors, in car entertainment system and HUD, the demand for micro-LEDs is witnessing rapid boost especially in the automotive industry. In addition, the automotive industry plays a vital role in the growth of Europe's GDP. In 2018, the automotive sector accounted for almost 5 percent of the overall GDP of Europe. In order to reinforce their overall competitiveness, many automotive manufacturers are involved in research and development activities.

Some of the prominent players in the MicroLED market and profiled in the study include Sony Corp, Apple, Inc., Ostendo Technologies, Oculus VR, JBD Inc., Glo AB and LG Electronics among others.

Chapter 1. Preface
1.1. Report Description
1.1.1. Purpose of the report
1.1.2. Target Audience
1.1.3. USP & Key Offerings
1.2. Research Scope
1.3. Market Segmentation
1.4. Research Methodology
1.4.1. Phase 1 – Secondary Research
1.4.2. Phase 2 – Primary Research
1.4.3. Phase 3 – Expert Panel Review
1.4.4. Assumptions
1.4.5. Approach Adopted

Chapter 2. Executive Summary
2.1. Market Snapshot: Global Micro LED Market
2.2. Global Micro LED Market, By Lighting, 2018 (US$ Bn)
2.3. Global Micro LED Market, By Application, 2018 (US$ Bn)
2.4. Global Micro LED Market, By Geography, 2018 (US$ Bn)

Chapter 3. Market Dynamics
3.1. Introduction
3.2. Market Drivers
3.3. Market Growth Inhibitors
3.3.1. Impact Analysis of Drivers and Restraints
3.4. Key Market Trends
3.5. Attractive Investment Proposition, by Geography, 2018
3.6. Competitive Analysis
3.6.1. Market Positioning of Key Micro LED Vendors, 2018
3.6.2. Key Strategies Adopted by Leading Players

Chapter 4. Global Micro LED Market, By Lighting, 2017-2027 (US$ Bn)
4.1. Overview
4.2. General
4.3. Automotive

Chapter 5. Global Micro LED Market, by Application, 2017-2027 (US$ Bn)
5.1. Overview
5.2. AR
5.3. VR
5.4. Smartphone
5.5. Television
5.6. HUD
5.7. Monitor and Laptop
5.8. Digital Signage

Chapter 6. North America Micro LED Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.2. North America Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America Micro LED Market Analysis, by Country, 2017-2027 (US$ Bn)
6.4.1. U.S.
6.4.1.1. U.S. Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
6.4.1.2. U.S. Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
6.4.2. Rest of North America
6.4.2.1. Rest of North America Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
6.4.2.2. Rest of North America Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)

Chapter 7. Europe Micro LED Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Europe Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe Micro LED Market Analysis, by Country, 2017-2027 (US$ Bn)
7.4.1. Germany
7.4.1.1. Germany Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.4.1.2. Germany Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
7.4.2. UK
7.4.2.1. UK Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.4.2.2. UK Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
7.4.3. France
7.4.3.1. France Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.4.3.2. France Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
7.4.4. Italy
7.4.4.1. Italy Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.4.4.2. Italy Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
7.4.5.2. Rest of Europe Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)

Chapter 8. Asia-Pacific Micro LED Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.2. Asia-Pacific Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia-Pacific Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia-Pacific Micro LED Market Analysis, by Country, 2017-2027 (US$ Bn)
8.4.1. China
8.4.1.1. China Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
8.4.1.2. China Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
8.4.2. India
8.4.2.1. India Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
8.4.2.2. India Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
8.4.3. Japan
8.4.3.1. Japan Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
8.4.3.2. Japan Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
8.4.4. Rest of Asia-Pacific
8.4.4.1. Rest of Asia-Pacific Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
8.4.4.2. Rest of Asia-Pacific Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)

Chapter 9. RoW Micro LED Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.2. RoW Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. RoW Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. RoW Micro LED Market Analysis, by Country, 2017-2027 (US$ Bn)
9.4.1. MEA
9.4.1.1. MEA Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
9.4.1.2. MEA Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)
9.4.2. Latin America
9.4.2.1. Latin America Micro LED Market Analysis, By Lighting, 2017-2027 (US$ Bn)
9.4.2.2. Latin America Micro LED Market Analysis, by Application, 2017-2027 (US$ Bn)

Chapter 10. Company Profiles
10.1. SHARP ELECTRONICS
10.2. SAMSUNG ELECTRONICS
10.3. Sony
10.4. LG Display
10.5. VerLase Technology
10.6. AU Optronics
10.7. APPLE INC.
10.8. Lumiode
10.9. Rohinni
10.10. Oculus VR

Table 01: Market Snapshot: Global Micro LED Market
Table 02: Impact Indicators
Table 03: Impact Analysis of Drivers and Restraints
Table 04: North America Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 05: North America Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 06: North America Micro LED Market, By Country, 2017-2027 (USD$ Bn)
Table 07: U.S. Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 08: U.S. Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 09: Rest of North America Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 10: Rest of North America Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 11: Europe Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 12: Europe Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 13: Europe Micro LED Market, By Country, 2017-2027 (USD$ Bn)
Table 14: Germany Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 15: Germany Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 16: UK Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 17: UK Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 18: France Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 19: France Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 20: Italy Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 21: Italy Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 22: Rest of Europe Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 23: Rest of Europe Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 24: Asia-Pacific Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 25: Asia-Pacific Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 26: Asia-Pacific Micro LED Market, By Country, 2017-2027 (USD$ Bn)
Table 27: China Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 28: China Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 29: India Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 30: India Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 31: Japan Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 32: Japan Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 33: Rest of Asia-Pacific Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 34: Rest of Asia-Pacific Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 35: RoW Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 36: RoW Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 37: RoW Micro LED Market, By Country, 2017-2027 (USD$ Bn)
Table 38: MEA Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 39: MEA Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 40: Latin America Micro LED Market, By Lighting, 2017-2027 (USD$ Bn)
Table 41: Latin America Micro LED Market, By Application, 2017-2027 (USD$ Bn)
Table 42: SHARP ELECTRONICS: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 43: SAMSUNG ELECTRONICS: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 44: Sony: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 45: LG Display: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 46: VerLase Technology: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 47: AU Optronics: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 48: APPLE INC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 49: Lumiode: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 50: Rohinni: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 51: Oculus VR: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

Figure 01: Global Micro LED Market Segmentation
Figure 02: Global Micro LED Market Research Methodology
Figure 03: Top Down and Bottom Up Approach
Figure 04: Global Micro LED, By Lighting, 2018 (US$ Bn)
Figure 05: Global Micro LED, by Application, 2018 (US$ Bn)
Figure 06: Global Micro LED, by Geography, 2018 (US$ Bn)
Figure 07: Global Micro LED Market Value, 2017-2027, (US$ Bn)
Figure 08: Active Investment Proposition, By Geography
Figure 09: Market Positioning of Key Micro LED Vendors, 2018
Figure 10: Global Micro LED Market Value Contribution, By Lighting, 2018 & 2027 (%)
Figure 11: Global Micro LED Market Value Contribution, By Application, 2018 & 2027 (%)
Figure 12: North America Micro LED Market Value, 2017-2027 (US$ Bn)
Figure 13: Europe Micro LED Market Value, 2017-2027 (US$ Bn)
Figure 14: Asia-Pacific Micro LED Market Value, 2017-2027 (US$ Bn)
Figure 15: RoW Micro LED Market Value, 2017-2027 (US$ Bn)

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