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Global Micro Light-Emitting Diode (LED) Market: By Type: Display, Lighting; By Application: Smartphone and Tablet, PC and Laptop, TV, Smartwatch, Others; By Sector: Commercial, Residential, Industrial; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Micro Light-Emitting Diode (LED) Market Outlook
The global micro light-emitting diode (LED) market attained a value of about USD 872 million in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of nearly 85% to reach a value of approximately USD 34,987.5 million by 2026.
The market is being driven by the rising demand for smartwatches and smartphones. The Asia Pacific region is dominating the global market.
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Market Segmentation
A micro light-emitting diode (LED) refers to a technology that is used in displays of microscopic light-emitting various colour diodes organised into a set. These LEDs are also referred to as micro-LED, mLED, or μLED. A micro light-emitting diode (LED) is a technology of emissive display where the photographic components, also called pixels, are the light source. It means that emissive display systems do not need a separate backlight plate so that the displays are thinner than LCDs.
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The types of micro light-emitting diode (LED) can be divided into:
- Display
- Lighting
The display can be further categorised based on its applications into:
- Smartphone and Tablet
- PC and laptop
- TV
- Smartwatch
- Others
The sectors can be divided into the following:
- Commercial
- Residential
- Industrial
The EMR report looks into the regional markets of micro light-emitting diode (LED) like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The introduction of micro LEDs into TVs is a major factor driving the development of the global micro light-emitting diode (LED). Various TV companies have begun to develop micro LED TV prototypes that offer increased brightness as well as an incredibly wide range of HDR colours. Such LEDs are supposed to last longer than OLED panels because no natural deterioration is involved. The adoption of micro LEDs for TVs is expected to increase these benefits.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global micro light-emitting diode (LED) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- LG Electronics Inc. (KRX: 066570)
- Playnitride Inc.
- Plessey Semiconductors Ltd.
- Samsung Electronics Co., Ltd. (KRX: 005930)
- VueReal Inc.
- Sony Corporation (NYSE: SNE)
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Sector, Region |
| Breakup by Type | Display, Lighting |
| Breakup by Application | Smartphone and Tablet, PC and Laptop, TV, Smartwatch, Others |
| Breakup by Sector | Commercial, Residential, Industrial |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | LG Electronics Inc. (KRX: 066570), Playnitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co., Ltd. (KRX: 005930), VueReal Inc., Sony Corporation (NYSE: SNE), Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Micro Light-Emitting Diode (LED) Market Analysis
8.1 Key Industry Highlights
8.2 Global Micro Light-Emitting Diode (LED) Historical Market (2018-2022)
8.3 Global Micro Light-Emitting Diode (LED) Market Forecast (2023-2028)
8.4 Global Micro Light-Emitting Diode (LED) Market by Type
8.4.1 Display
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Lighting
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Micro Light-Emitting Diode (LED) Market by Application
8.5.1 Smartphone and Tablet
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 PC and Laptop
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 TV
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Smartwatch
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Micro Light-Emitting Diode (LED) Market by Sector
8.6.1 Commercial
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Residential
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Industrial
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Micro Light-Emitting Diode (LED) Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 LG Electronics Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Playnitride Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Plessey Semiconductors Ltd.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Samsung Electronics Co., Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 VueReal Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Sony Corporation
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Micro Light-Emitting Diode (LED) Market: Key Industry Highlights, 2018 and 2028
2. Global Micro Light-Emitting Diode (LED) Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Micro Light-Emitting Diode (LED) Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Micro Light-Emitting Diode (LED) Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Micro Light-Emitting Diode (LED) Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Micro Light-Emitting Diode (LED) Historical Market: Breakup by Sector (USD Million), 2018-2022
7. Global Micro Light-Emitting Diode (LED) Market Forecast: Breakup by Sector (USD Million), 2023-2028
8. Global Micro Light-Emitting Diode (LED) Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Micro Light-Emitting Diode (LED) Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Micro Light-Emitting Diode (LED) Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Micro Light-Emitting Diode (LED) Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Micro Light-Emitting Diode (LED) Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Micro Light-Emitting Diode (LED) Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Micro Light-Emitting Diode (LED) Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Micro Light-Emitting Diode (LED) Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Micro Light-Emitting Diode (LED) Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Micro Light-Emitting Diode (LED) Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Micro Light-Emitting Diode (LED) Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Micro Light-Emitting Diode (LED) Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Micro Light-Emitting Diode (LED) Market Structure
Key Questions Answered in the Report
In 2020, the global micro light-emitting diode (LED) market attained a value of nearly USD 872 million.
The market is projected to grow at a CAGR of 85% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 34,987.5 million by 2026.
The major drivers of the industry, such as the rising demand for smartwatches and smartphones, rising disposable incomes, rising adoption of micro-LEDs for TVs, and the growing technological advancements, are expected to aid the market growth.
The key market trend guiding the industry growth includes the development of GaN-on-Si technology.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest share in the market.
Display and lighting are the leading types of the product in the industry.
Smartphone and tablet, PC and laptop, TV, and smartwatch, among others, are the significant applications of the product.
Commercial, residential, and industrial are the major sectors of the product in the industry.
The major players in the industry are LG Electronics Inc., Playnitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co., Ltd., VueReal Inc., and Sony Corporation, among others.
Analyst Review
The global micro light-emitting diode (LED) market attained a value of USD 872 million in 2020, driven by the rising demand for smartwatches and smartphones. Aided by the development of GaN-on-Si technology, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 85%. The micro light-emitting diode (LED) industry is projected to reach USD 34,987.5 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the micro light-emitting diode (LED) industry can be segmented into display and lighting. On the basis of application, the industry is divided into smartphone and tablet, PC and laptop, TV, smartwatch, and others. On the basis of sectors, the industry is segregated into commercial, residential, and industrial. The major regional markets for micro light-emitting diode (LED) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include LG Electronics Inc., Playnitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co., Ltd., VueReal Inc., and Sony Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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