New York, NY, March 29, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Micro-LED Display Market by Panel Size (Small, Medium, and Large), by Application (VR Headsets, AR Headsets, Smartphone, Smartwatches, Tablet, TV, Laptop, HUD, and Digital Signage), and by Vertical (Automotive, Consumer Electronics, Aerospace & Defense, Advertisement, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global micro-LED display market was valued at around USD 272 million in 2018 and is expected to reach approximately USD 21,129 million by 2025, at a CAGR of slightly above 86.4% between 2019 and 2025.

An emerging flat panel display technology that provides unbeatable contrasts and energy efficiency through microscopic LED arrays is termed as a micro-LED display. It operates on the principle of Gallium Nitride Technology, which provides remarkable brightness, even brighter than an OLED display. Micro-LED display offers 30 times more brightness and invincible efficiency when compared to a conventional OLED display. Various other benefits offered by micro-LED display include better contrast, compact display size, and surpass response time.

Browse through 69 Tables & 33 Figures spread over 188 Pages and in-depth TOC on “Global Micro-LED Display Market: By Type, Size, Share, Technology, Industry Trends, Segments, Analysis and Forecast 2018–2025”.

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The global commercialization of micro-LED display is still in its emerging state. The rising demand for brighter and energy-efficient displays is anticipated to drive the micro-LED display market over forecast timeframe. The demand for micro-LED displays that are extensively compact in size with excellent viewing angle is flourishing worldwide. The implementation of micro-LED displays is currently at its peak, as it provides a brighter picture with a high pixel resolution and unbeatable energy efficiency. The worldwide display manufacturers are observed to be opting for micro-LED solutions to improve the overall experience of the consumer. Additionally, the high penetration rate of micro-LED displays is also due to their high pixel resolutions and exclusive image quality. Furthermore, the never-ending demand for display size reduction will contribute notably toward the micro-LED display market. However, the escalating demand for flexible and foldable display technology may hamper the micro-LED display market to some extent.

The global micro-LED display market is segmented on the basis of panel size, application, and vertical. Based on panel size, the micro-LED display market is majorly segmented into small [<10.5”], medium [10.5”–65”], and large [>65]. By application, the market is segmented into VR headsets, AR headsets, smartphone, smartwatches, tablet, TV, laptop, HUD, and digital signage. The micro-LED smartwatches segment is anticipated to witness rapid market growth in the future, owing to its growing commercialization. By vertical, the market includes automotive, consumer electronics, aerospace and defense, advertisement, and others. The consumer electronics segment is projected to hold a prominent market share in the years ahead, due to the flourishing demand for micro-LED display in smartwatches, smartphones, and tablets.

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By region, North America held a prominent share of the global micro-LED display market in 2018, due to the presence of leading manufacturers of micro-LED displays. The U.S. is projected to dominate this regional market as it is the corporate headquarter of numerous renowned market players, such as Apple, Oculus VR, VerLASE Technologies, Lumiode, Uniqarta, etc. Furthermore, the region is witnessing many market relevant business activities that are significantly contributing to the overall market demand.

The rising automotive application of micro-LED displays is driving the micro-LED display market in European countries. The demand for micro-LEDs is trending in the automotive industry for various applications, such as rearview windows, in-car entertainment system, dashboard, and HUD. Furthermore, the automobile sector plays a vital role in Europe's GDP growth. The automotive sector nearly accounted for 4% of Europe's overall GDP in 2018. Many automobile manufacturers are involved in R&D activities to strengthen their overall competitiveness.

Browse the full “Micro-LED Display Market by Panel Size (Small, Medium, and Large), by Application (VR Headsets, AR Headsets, Smartphone, Smartwatches, Tablet, TV, Laptop, HUD, and Digital Signage), and by Vertical (Automotive, Consumer Electronics, Aerospace & Defense, Advertisement, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/micro-led-display-market

Asia Pacific is likely to witness rapid market growth in the upcoming years, due to the flourishing consumer electronics industry. In emerging economies such as India and China, conventional light is being replaced by LED lighting, which is contributing significantly toward the region’s market. Moreover, awareness about the benefits offered by micro-LED displays has attracted many lighting manufacturers. The rising investments made by LED lighting manufacturers for technological enhancements of LED displays are anticipated to significantly drive the micro-LED display market in the future.

In Latin America, the rising number of technically advanced smartphones plays a vital role in driving the micro-LED display market. This regional growth can be attributed to the compact size and high resolutions of micro-LED displays and the huge investments made by numerous smartphone manufacturers for the integration of micro-LED displays. The total number of smartphone users in Latin America was 155.9 million in 2015 and the count is expected to reach 245.6 million by 2019. This rising number of smartphone users is also driving this regional market.

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In the Middle East and Africa, the market demand for micro-LED displays is trending due to the growing use of smart wearable devices, such as smartwatches. Nowadays, smartwatches are used for various purposes, i.e., from calling to GPS tracking. In 2018, the sales of smartwatches in the Middle East and Africa accounted for over 1.1 million.

Some key participants operating in the global micro-LED display market are Samsung Electronics, Sharp Electronics, LG Display, Sony, AU Optronics, VerLASE Technologies, Lumiode, Apple, Inc., X-Celeprint, Rohinni, Oculus VR, Epistar, Lumens, Aledia, Cooledge Lighting, Nichia, JBD, Plessey Semiconductors, Ostendo Technologies, VueReal, ALLOS Semiconductors, Uniqarta, Mikro Mesa Technology, and PlayNitride, among others.

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This report segments micro-LED display market into:

Micro-LED Display Market: Panel Size Analysis

  • Small [<10.5”]
  • Medium [10.5”–65”]
  • Large [>65”]

Micro-LED Display Market: Application Analysis

  • VR Headsets
  • AR Headsets
  • Smartphone
  • Smartwatches
  • Tablet
  • TV
  • Laptop
  • HUD
  • Digital Signage

Micro-LED Display Market: Vertical Analysis

  • Automotive
  • Consumer Electronics
  • Aerospace and Defense
  • Advertisement
  • Others

Micro-LED Display Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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