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The global micro light-emitting diode (LED) market attained a value of about USD 5521.18 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of nearly 85% to reach a value of approximately USD 1402630.53 million by 2032.
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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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:
The display can be further categorised based on its applications into:
The sectors can be divided into the following:
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.
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.
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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:
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Sector |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global micro light-emitting diode (LED) market attained a value of nearly 5521.18 million.
The market is projected to grow at a CAGR of 85% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1402630.53 million by 2032.
The major drivers of the market include the rising demand for smartwatches and smartphones, rising disposable incomes, the growing adoption of micro-LEDs for TVs, and rapid technological advancements.
The key trend guiding the market growth includes the development of GaN-on-Si technology.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Display and lighting are the leading types of the product in the market.
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 market.
The major players in the market are LG Electronics Inc., Playnitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co., Ltd., VueReal Inc., and Sony Corporation, among others.
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+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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