Micro-LED, also known as microLED, mLED or µLED, is an emerging flat panel display technology. Micro-LED displays consist of arrays of microscopic LEDs forming the individual pixel elements. When compared to the widespread LCD technology, Micro-LED displays offer better contrast, response times, and energy efficiency.
Along with OLEDs, Micro-LED are primarily aimed at small, low-energy devices such as smartwatches and smartphones. OLED and Micro-LED both offer greatly reduced energy requirements compared to conventional LCD systems. Unlike OLED, Micro-LED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.
Samsung and Apple have been pushing Micro LED technology, which makes the industry look forward to its development prospects, many companies have entered. For example: Plessey Semiconductors, AU Optronics, LG Display, Lumiode, etc. At present, Samsung technology is relatively leading.The development of the Micro LED industry has spurred the development of upstream raw materials, and many raw material manufacturers are actively developing R&D of Micro LED raw materials.Nowadays, there are five mainly applications of Micro-LED, including Cellphone, Wearable Watch Device, AR/VR, TV and Others. And Cellphone is the main application for Micro-LED, and the Cellphone reached a sales volume of approximately 33492 K Units in 2030, with 59.81% of global sales volume.
The Micro-LED market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Micro-LED.
This report presents the worldwide Micro-LED market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter\'s Five Forces Analysis.
The following manufacturers are covered in this report:
Micro-LED Breakdown Data by Type
Small Sized Panels
Medium Sized Panels
Large Size Panels
In 2019, Small Sized Panels accounted for a major share of 80% the global Micro-LED market. And this product segment is poised to reach 47320 K Unit by 2030 from 0.20 K Unit in 2019.
Micro-LED Breakdown Data by Application
Wearable Watch Device
Others (Automotive Display, etc.)
In Micro-LED market, the Cellphone holds an important share in terms of application, and it is expected to reach a volume of 33492 (K Units) by 2030, at a CAGR of 291.90% during 2019 and 2030.
Micro-LED Production by Region
Micro-LED Consumption by Region
Central & South America
Middle East & Africa
The study objectives are:
To analyze and research the global Micro-LED status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Micro-LED manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Micro-LED :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Micro-LED market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.