Dublin, May 21, 2019 (GLOBE NEWSWIRE) -- The "Mini and Micro LED Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The mini and micro LED market is expected to reach around $6 million by 2024, growing at a CAGR of around 147% during the forecast period.
The global mini and micro LED market is driven by the rising demand for advanced displays and innovative lighting control systems. The increasing number of digital initiatives in the LED market will contribute to the growth of the global mini and micro LED market. The market research report provides in-depth market analysis and segmental analysis of the global market by screen size, end-user type, and geography.
Mini and micro LED displays have become the most significant display technology to be adopted in next-generation electronic products. Displays and lightings are the major application segments of mini and micro LEDs. They are gaining traction among customers as well as corporate clients due to their long operational life, high brightness and contrast features, and a high degree of energy efficiency.
The mini and micro LED market is projected to dominate display, automotive, and backlight panel industries during the forecast period. The major application of mini and micro LEDs will be in large-scale displays and signages, monitors, televisions, smartphone screens, screen backlights, and automotive lightings. The mini and micro LED market in US, Southeast Asia, and the UAE is expected to witness high dynamism during the forecast period. Further, manufacturers are implementing new fabrication technology to produce LED chips in the economical price range, thereby enabling their usage in commercial applications and daily products.
The study considers the present scenario of the global mini and micro LED market and its market dynamics for the period 2019-2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply aspect of the market. The study profiles and analyzes leading and prominent companies and vendors operating in the market.
Key Vendor Analysis
The global mini and micro LED market is highly concentrated, and key players are the major contributors to the market competition. Vendors in the market are competing in terms of sales, revenues, and innovations. Leading companies are offering competitive pricing and integrated services to sustain the competition in the market. Several vendors are entering into multi-year arrangements with manufacturers that offer services that include supply of displays, supply analytics, semiconductors to increase market share. Global players are likely to grow inorganically by acquiring regional or local players in the future. The market landscape has already witnessed several joint ventures and acquisition by smartphones manufacturing giants such as Apple and Samsung in order to develop mass transfer technologies and use new devices in their product portfolio,
Leading Vendors in Mini and Micro LED Market
- Epistar
- Lextar
- Innolux
- Apple
- Samsung
- Sony
- LG
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at A Glance
7 Introduction
7.1 Overview
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Rising Demand for Innovative Displays
8.1.2 Rising Demand for Use in Automotive Lighting
8.1.3 Rising Interest and Investments from Tech and Electronic Giants
8.1.4 Increasing Demand from Consumer Segments
8.2 Market Growth Restraints
8.2.1 Volatile Trade Relations in International Markets
8.2.2 Strong Competition from Existing Products
8.2.3 High Fabrication Costs Restraining Competitive Pricing
8.3 Market Opportunities & Trends
8.3.1 Innovations in Lighting Control Systems
8.3.2 Rising Demand for EVs to Fuel Micro & Mini LED Adoption
8.3.3 Rising Demand for Energy Efficiency Across Segments
9 Value Chain Analysis
9.1 Value Chain Overview
10 Global Mini & Micro Led Market Landscape
10.1 Market Size & Forecast
10.2 Global Economic Improvement to Aid Market Growth
10.3 Five Forces Analysis
11 By Product Type
11.1 Market snapshot & Growth Engine
11.2 Market Overview
11.3 Micro LEDs
11.4 Mini LEDs
12 By Application Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Displays
12.4 Lighting
13 By End-Users
13.1 Market snapshot & Growth Engine
13.2 Market Overview
13.3 Consumer Electronics
13.4 Automotive
13.5 Others
14 By Geography
14.1 Market Snapshot & Growth Engine
14.2 Overview
15 North America
16 Europe
17 APAC
18 Middle East And Africa
19 Latin America
19.5 Key Countries
19.5.1 Brazil: Market Size & Forecast
20 Competitive Landscape
20.1 Competition Overview
21 Market Vendor Analysis
22 Key Company Profiles
22.1 Epistar
22.2 Lextar
22.3 Innolux
22.4 Apple
22.5 Samsung
22.6 Sony
22.7 LG
23 Other Prominent Vendors
23.1 AU Optronics
23.2 Osram
23.3 Plessey
23.4 Nichia
23.5 PlayNitride
23.6 Everlight Electronics
23.7 Epileds Technologies
23.8 Rohinni
23.9 SemiLEDS Corporation
23.10 Elux
23.11 Glo
23.12 Xiamen Changelight
23.13 Optovate
23.14 Jbd (Jade Bird Display)
23.15 Lumens
23.16 Vuereal
23.17 Lumiode
23.18 Mikro Mesa
For more information about this report visit https://www.researchandmarkets.com/r/vva9le
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