$20 Billion Micro-LED Market by Application, Display Panel Size, Vertical, and Geography - Global Forecast to 2025 - ResearchAndMarkets.com
May. 17, 2018
DUBLIN--(BUSINESS WIRE)--May 17, 2018--The "Micro-LED Market by Application (Display (Smartwatch, NTE Devices (AR, VR), Smartphone, Television, HUD, Digital Signage, Laptop & Monitor) and Lighting (General, Automotive)), Display Panel Size, Vertical, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The micro-LED market is estimated to grow from USD 0.60 billion in 2019 to USD 20.50 billion by 2025, at a CAGR of 80.1% between 2019 and 2025
Increasing demand for brighter and more power-efficient display panels for smartwatches, mobile devices, and NTE (AR/VR) devices is a major factor for the growth of the market. The rising interest of electronic giantsApple, Samsung, and Sonyand interest shown by input/component suppliers in the supply chain also contribute to the market growth. Rising demand for OLED displays and the lack of established supply chain for micro-LED, along with distributed patent portfolios, are the major restraints for the growth of the micro-LED market. Considering the current manufacturing capabilities, prototype development, and the involvement of leading players, micro-LED-based smartwatches and NTE devices may enter the commercial phase in 2019. The micro-LED market for NTE devices is expected to grow at the highest CAGR between 2019 and 2025.
The luminosity (brightness) and resolution of micro-LED technology would be the key driving force for the adoption of the technology in NTE devices. AR devices require high resolution and brightness to match the real-world visibility. The fast response time of micro-LED displays is also suited for AR applications. Micro-LED display-based VR solutions can be implemented for diverse end uses, such as entertainment, gaming, training, and research. APAC is expected to dominate the micro-LED display market during the forecast period with the presence of leading brand product manufacturers, LED foundries, and display panel manufacturers in the region.
Samsung, LG, Sony, Sharp, Panasonic, and several others will account for major demand for micro-LED display panels by 2025.
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 Micro-LED Market, By Application 8 Micro-LED Display Market, By Panel Size 9 Micro-LED Display Market, By Vertical 10 Micro-LED Market, By Geography 11 Competitive Landscape 12 Company Profiles
Key PlayersApple (Luxvue) Sony X-Celeprint Samsung Electronics Oculus VR (Infiniled) Epistar Glo AB Verlase Technologies JBD Inc. Aledia
Key InnovatorsMikro Mesa Technology Vuereal Uniqarta Allos Semiconductors Plessey Semiconductors Playnitride Ostendo Technologies
Other Important PlayersLumens Lumiode Rohinni Cooledge Nichia
Research Institutes and LabsIndustrial Technology Research Institute (ITRI) (EOSRL) Changchun Institute III-V Lab CEA-Leti Hong Kong University of Science and Technology Fraunhofer-Gesellschaft
Input SuppliersJasper Display Crystalwise Technology Unimicron Luminit Macroblock Himax Players Expected to Enter This Market Foxconn (Sharp/Elux/Innolux) BOE Technology AU Optronics LG Display
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Related Topics:LED (Light Emitting Diodes)
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PUB: 05/17/2018 08:27 AM/DISC: 05/17/2018 08:27 AM