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MicroLED Market
MicroLED Market - Snapshot
The MicroLED market, which is in the initial stage, is witnessing significant technological advancements across the industry. Developments in the LED industry include the introduction of upgraded MicroLED panels which are exceptionally thin and proficient for the purpose of delivering excellent viewing angle which allow brighter pictures to be delivered with less power consumption.With focus on enhancing consumer experience, MicroLED delivers quick response time and in a compact format. The market for MicroLED is forecast to grow to US$ 286.38 Mn by 2026 from US$ 51.47 Mn in 2017, recording a CAGR of 21.14%.
The MicroLED market has seen demand traction due to the high wavelength uniformity for fine pixel pitch display, with smartphone applications holding the largest share. Smart watches, monitors, laptops, and AR/VR are leading applications that adopt the technology so as to enhance picture clarity and reduce the power consumption.
MicroLED has off late gained traction, though LED & OLED have been long in demand and visual technologies already enjoy strong acceptance among industries and consumers. A close study of recent product launches and developments of key industry participants active in the MicroLED market reveals that in applications such as near to eye camera, VR and MR would continue to dominate the market throughout the forecast period. Non-commercial applications too such as laptops, smartphones, and home theaters are forecast to see demand surge, gaining significant uptake toward the second half of the forecast period of the MicroLED market study.This rise is due to further improvement in consumer acceptance and expected dip in the product prices which is mainly the MicroLED panel display price. Factors such as improvement in consumer spending on personal entertainment is seen as crucial to influence market growth trends for both commercial and non-commercial applications. The MicroLED market however still faces challenges since high volume consumer applications are still out of reach for full scale MicroLED deployment because of expensive price of MicroLED.
These existing technology integration and distribution related challenges offers possible opportunities for the MicroLED system. Any further development and exploration of MicroLED technology in the form of advanced sensing & visible light communication is expected to open new set of unexplored opportunities.
Attracted by this fast expanding market and underlying latent demand, many players are driven to invest in the market for MicroLED technology products and services. Right from display panel manufacturers to device manufacturers, there is a rush of companies across industries strengthening their foothold in the MicroLED market. However, with competition from established players such as Sony Corp., Apple and others, which already have a strong network in the market and technology expertise, new entrants may find it challenging to establish themselves without a unique value proposition. Some of the prominent players in the MicroLED market and profiled in the study include Apple, Inc., Sony Corp, Oculus VR, Ostendo Technologies, LG Electronics, JBD Inc., and Glo AB among others .
The MicroLED market has been segmented as follows:
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1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Micro LED Market
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Global Micro LED Market Analysis and Forecasts, 2016 - 2026
4.3.1. Market Revenue Projections (US$ Mn)
4.3.2. Market Volume Projections (Million Units)
4.4. Key Trend Analysis
4.5. Porter’s Five Force Analysis
4.6. Supply Chain Analysis
4.7. Market Outlook
5. Global Micro LED Market Analysis and Forecasts, By Type
5.1. Overview & Definition
5.2. Key Findings
5.3. Micro LED Market Analysis (US$ Mn) Forecast By Type, 2016 – 2026
5.3.1. Display
5.3.2. Lighting
5.4. Type Comparison Matrix
5.5. Market Attractiveness By Type
6. Global Micro LED Market Analysis and Forecasts, By Application
6.1. Overview & Definition
6.2. Key Findings
6.3. Micro LED Market Analysis (US$ Mn and Million Units) Forecast By End-use Industry, 2016 - 2026
6.3.1. Smartphone
6.3.2. Smart Watch
6.3.3. Tablets
6.3.4. Laptops
6.3.5. Monitors
6.3.6. Others
6.4. Application Comparison Matrix
6.5. Market Attractiveness By Application
7. Global Micro LED Market Analysis and Forecasts, By Region
7.1. Key Findings
7.2. Micro LED Market Analysis (US$ Mn and Million Units) Forecast By Region, 2016 - 2026
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Middle East & Africa
7.2.5. South America
7.3. Market Attractiveness By Region
8. North America Micro LED Market Analysis and Forecast
8.1. Key Findings
8.2. Micro LED Market Analysis, (US$ Mn) Forecast By Type, 2016 – 2026
8.2.1. Display
8.2.2. Lighting
8.3. Micro LED Market Analysis (US$ Mn and Million Units) Forecast By Application, 2016 - 2026
8.3.1. Smartphone
8.3.2. Smart Watch
8.3.3. Tablets
8.3.4. Laptops
8.3.5. Monitors
8.3.6. Others
8.4. Micro LED Market Analysis (US$ Mn and Million Units) Forecast By Country, 2016 - 2026
8.4.1. The U.S.
8.4.2. Canada
8.4.2. Rest of North America
8.5. Market Attractiveness Analysis
8.5.1. By Type
8.5.2. By Application
8.5.3. By Country
9. Europe Micro LED Market Analysis and Forecast
9.1. Key Findings
9.2. Micro LED Market Analysis, (US$ Mn) Forecast By Type, 2016 – 2026
9.2.1. Display
9.2.2. Lighting
9.3. Micro LED Market Analysis (US$ Mn and Million Units) Forecast By Application, 2016 – 2026
9.3.1. Smartphone
9.3.2. Smart Watch
9.3.3. Tablets
9.3.4. Laptops
9.3.5. Monitors
9.3.6. Others
9.4. Micro LED Market Analysis (US$ Mn and Million Units) Forecast By Country, 2016 - 2026
9.4.1. The U.K.
9.4.2. Germany
9.4.3. France
9.4.4. Rest of Europe
9.5. Market Attractiveness Analysis
9.5.1. By Type
9.5.2. By Application
9.5.3. By Country
10. Asia Pacific Micro LED Market Analysis and Forecast
10.1. Key Findings
10.2. Micro LED Market Analysis, (US$ Mn) Forecast By Type, 2016 – 2026
10.2.1.Display
10.2.2.Lighting
10.3. Micro LED Market Analysis (US$ Mn and Million Units) Forecast By Application, 2016 - 2026
10.3.1. Smartphone
10.3.2. Smart Watch
10.3.3. Tablets
10.3.4. Laptops
10.3.5. Monitors
10.3.6. Others
10.4.Micro LED Market Analysis (US$ Mn and Million Units) Forecast By Country, 2016 - 2026
10.4.1.India
10.4.2.Japan
10.4.3.China
10.4.4.Rest of Asia Pacific
10.5.Market Attractiveness Analysis
10.5.1.By Type
10.5.2.By Application
10.5.3.By Country
11. Middle East & Africa (MEA) Micro LED Market Analysis and Forecast
11.1.Key Findings
11.2.Micro LED Market Analysis, (US$ Mn) Forecast By Type, 2016 – 2026
11.2.1.Display
11.2.2.Lighting
11.3.Micro LED Market Analysis (US$ Mn and Million Units) Forecast By Application,2016 – 2026
11.3.1. Smartphone
11.3.2. Smart Watch
11.3.3. Tablets
11.3.4. Laptops
11.3.5. Monitors
11.3.6. Others
11.4.Micro LED Market Analysis (US$ Mn and Million Units) Forecast By Country, 2016 - 2026
11.4.1.GCC
11.4.2.South Africa
11.4.3.Rest of MEA
11.5.Market Attractiveness Analysis
11.5.1.By Type
11.5.2.By Application
11.5.3.By Country
12. South America Micro LED Market Analysis and Forecast
12.1.Key Findings
12.2.Micro LED Market Analysis, (US$ Mn) Forecast By Type, 2016 – 2026
12.2.1.Display
12.2.2.Lighting
12.3.Micro LED Market Analysis (US$ Mn and Million Units) Forecast By Application, 2016 - 2026
12.3.1. Smartphone
12.3.2. Smart Watch
12.3.3. Tablets
12.3.4. Laptops
12.3.5. Monitors
12.3.6. Others
12.4.Micro LED Market Analysis (US$ Mn and Million Units) Forecast By Country, 2016 - 2026
12.4.1.Brazil
12.4.2.Rest of South America
12.5.Market Attractiveness Analysis
12.5.1.By Type
12.5.2.By Application
12.5.3.By Country
13. Competition Landscape
13.1.Market Player – Competition Matrix
13.2.Global Micro LED Market Positioning Analysis, By Company (2017)
13.3.Company Profiles (Details – Overview, Financials, Strategy, SWOT analysis)
13.3.1.Lumileds Holding B.V.
13.3.2.Genesis Photonics Inc.
13.3.3.Cree, Inc.
13.3.4.Nichia Corporation
13.3.5.OSRAM Licht Group
13.3.6.SAMSUNG ELECTRONICS Co., Ltd.
13.3.7.Philips Lighting N.V.
13.3.8.LG Electronics Co., Ltd.
13.3.9.Glo AB
13.3.10.JBD Inc.
13.3.11.Apple Inc.
13.3.12. Sony Corporation
14. Key Takeaways
List of Tables
Table 1: Global Micro LED Market Size (USD Mn) Forecast, by Type, 2016–2026
Table 2: Global Micro LED Market Size (USD Mn) Forecast, by Application, 2016–2026
Table 3: Global Micro LED Market Size (Million Units) Forecast, by Application, 2016–2026
Table 4: Micro LED Market Forecast Size (US$ Mn) Forecast, by Region, 2016 – 2026
Table 5 : Global Micro LED Market Forecast Size (Million Units) Forecast, by Region, 2016 – 2026
Table 6 : North America Micro LED Market Size (US$ Mn) Forecast, by Type, 2016 – 2026
Table 7: North America Micro LED Market Forecast Size (US$ Mn) Forecast, by Application, 2016 – 2026
Table 8 : North America Micro LED Market Forecast Size (Million Units) Forecast, by Application, 2016 – 2026
Table 9: North America Micro LED Market Forecast Size (US$ Mn) Forecast, by Country, 2016 – 2026
Table 10 : North America Micro LED Market Forecast Size (Million Units) Forecast, by Country, 2016 – 2026
Table 11 : Europe Micro LED Market Size (US$ Mn) Forecast, by Type, 2016 – 2026
Table 12 : Europe Micro LED Market Forecast Size (US$ Mn) Forecast, by Application, 2016 – 2026
Table 13 : Europe Micro LED Market Forecast Size (Million Units) Forecast, by Application, 2016 – 2026
Table 14: Europe Micro LED Market Forecast Size (US$ Mn) Forecast, by Country, 2016 – 2026
Table 15 : Europe Micro LED Market Forecast Size (Million Units) Forecast, by Country, 2016 – 2026
Table 16 : Asia Pacific Micro LED Market Size (US$ Mn) Forecast, by Type, 2016 – 2026
Table 17: Asia Pacific Micro LED Market Forecast Size (US$ Mn) Forecast, by Application, 2016 – 2026
Table 18 : Asia Pacific Micro LED Market Forecast Size (Million Units) Forecast, by Application, 2016 – 2026
Table 19: Asia Pacific Micro LED Market Forecast Size (US$ Mn) Forecast, by Country, 2016 – 2026
Table 20 : Asia Pacific Micro LED Market Forecast Size (Million Units) Forecast, by Country, 2016 – 2026
Table 21 : MEA Micro LED Market Size (US$ Mn) Forecast, by Type, 2016 – 2026
Table 22 : MEA Micro LED Market Forecast Size (US$ Mn) Forecast, by Application, 2016 – 2026
Table 23 : MEA Micro LED Market Forecast Size (Million Units) Forecast, by Application, 2016 – 2026
Table 24: MEA Micro LED Market Forecast Size (US$ Mn) Forecast, by Country, 2016 – 2026
Table 25 : MEA Micro LED Market Forecast Size (Million Units) Forecast, by Country, 2016 – 2026
Table 26: South America Micro LED Market Size (US$ Mn) Forecast, by Type, 2016 – 2026
Table 27: South America Micro LED Market Forecast Size (US$ Mn) Forecast, by Application, 2016 – 2026
Table 28 : South America Micro LED Market Forecast Size (Million Units) Forecast, by Application, 2016 – 2026
Table 29: South America Micro LED Market Forecast Size (US$ Mn) Forecast, by Country, 2016 – 2026
Table 30 : South America Micro LED Market Forecast Size (Million Units) Forecast, by Country, 2016 – 2026
List of Figures
Figure 1: Global Micro LED Market Size, Indicative (US$ Mn)
Figure 2: Global Micro LED Market, Analysis, by Application
Figure 3: Global Micro LED Market, Application (2017)
Figure 4: Global Micro LED Market, Share by Region, 2026
Figure 5: Global Micro LED Market – Insights
Figure 6: Global Micro LED Market Analysis and Forecasts, 2016 – 2026 (US$ Mn)
Figure 9: Global Micro LED Market CAGR (%) by Type (2018 – 2026)
Figure 10: Global Micro LED Market CAGR (%) by Application (2018 – 2026)
Figure 11 : Global Micro LED Market Value Share Analysis, By Type, 2018 and 2026
Figure 12 : Global Micro LED Market Revenue (USD Mn),Display Segment 2016 – 2026
Figure 13 : Global Micro LED Market Revenue (USD Mn),Lighting Segment 2016 – 2026
Figure 14 : Global Micro LED Market Comparison Matrix, By Type
Figure 16: Global Micro LED Market, Market Attractiveness, by type
Figure 17 : Global Micro LED Market Value Share Analysis, By Application, 2018 and 2026
Figure 18 : Global Micro LED Market Revenue (USD Mn),Smartphone Segment 2016 – 2026
Figure 19: Global Micro LED Market Revenue (USD Mn),Smart watch Segment 2016 – 2026
Figure 20 : Global Micro LED Market Revenue (USD Mn),Tablets Segment 2016 – 2026
Figure 21 : Global Micro LED Market Revenue (USD Mn),Laptops Segment 2016 – 2026
Figure 22: Global Micro LED Market Revenue (USD Mn),Monitors Segment 2016 – 2026
Figure 23: Global Micro LED Market Revenue (USD Mn),Others Segment 2016 – 2026
Figure 24 : Global Micro LED Market Comparison Matrix, by Application
Figure 26: Global Micro LED Market, Market Attractiveness, by Application
Figure 28 : Global Micro LED Market Value Share Analysis, by Region, 2018 and 2026
Figure 29: Global Micro LED Market, Market Attractiveness, by Region
Figure 30 : North America Micro LED Market Value Share Analysis, by Type, 2018 and 2026
Figure 31 : North America Micro LED Market Value Share Analysis, by Application, 2018 and 2026
Figure 32 : North America Micro LED Market Value Share Analysis, by Country, 2018 and 2026
Figure 33 : North America Micro LED Market Attractiveness Analysis, by Type
Figure 34 : North America Micro LED Market Attractiveness Analysis, by Application
Figure 35: North America Micro LED Market, Market Attractiveness, by Country
Figure 36 : Europe Micro LED Market Value Share Analysis, by Type, 2018 and 2026
Figure 37 : Europe Micro LED Market Value Share Analysis, by Application, 2018 and 2026
Figure 38 : Europe Micro LED Market Value Share Analysis, by Country, 2018 and 2026
Figure 39 : Europe Micro LED Market Attractiveness Analysis, by Type
Figure 40 : Europe Micro LED Market Attractiveness Analysis, by Application
Figure 41: Europe Micro LED Market, Market Attractiveness, by Country
Figure 42 : Asia Pacific Micro LED Market Value Share Analysis, by Type, 2018 and 2026
Figure 43 : Asia Pacific Micro LED Market Value Share Analysis, by Application, 2018 and 2026
Figure 44 : Asia Pacific Micro LED Market Value Share Analysis, by Country, 2018 and 2026
Figure 45: Asia Pacific Micro LED Market Attractiveness Analysis, by Type
Figure 46 : Asia Pacific Micro LED Market Attractiveness Analysis, by Application
Figure 47 : Asia Pacific Micro LED Market, Market Attractiveness, by Country
Figure 48 : MEA Micro LED Market Value Share Analysis, by Type, 2018 and 2026
Figure 49 : MEA Micro LED Market Value Share Analysis, by Application, 2018 and 2026
Figure 50: MEA Micro LED Market Value Share Analysis, by Country, 2018 and 2026
Figure 51: MEA Micro LED Market Attractiveness Analysis, by Type
Figure 52: MEA Micro LED Market Attractiveness Analysis, by Application
Figure 53: MEA Micro LED Market, Market Attractiveness, by Country
Figure 54 : South America Micro LED Market Value Share Analysis, by Type, 2018 and 2026
Figure 55: South America Micro LED Market Value Share Analysis, by Application, 2018 and 2026
Figure 56 : South America Micro LED Market Value Share Analysis, by Country, 2018 and 2026
Figure 57: South America Micro LED Market Attractiveness Analysis, by Type
Figure 58: South America Micro LED Market Attractiveness Analysis, by Application
Figure 59: South America Micro LED Market, Market Attractiveness, by Country
Figure 60: Global Micro LED Market Positioning Analysis, by Company (2017)
Figure 61: Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017 (Genesis Photonics Inc.)
Figure 62 : Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017 (Cree Inc. )
Figure 63 : Breakdown of Revenue, by Geography, 2017(Cree Inc.)
Figure 64: Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017 (OSRAM Licht Group)
Figure 65: Breakdown of Net Sales, by Geography, 2017(OSRAM Licht Group)
Figure 66: Revenue (US$ Mn) & Y-o-Y Growth (%), 2014–2016 (SAMSUNG ELECTRONICS Co., Ltd. )
Figure 67: Breakdown of Net Sales, by Geography, 2016 (SAMSUNG ELECTRONICS Co., Ltd. )
Figure 68: Revenue (US$ Mn) & Y-o-Y Growth (%), 2014–2016 (Philips Lighting N.V. )
Figure 69: Breakdown of Net Sales, by Geography, 2016 (Philips Lighting N.V. )
Figure 70:Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017(LG Electronics Co., Ltd. )
Figure 71: Breakdown of Net Sales, by Business Segment, 2016 (LG Electronics Co., Ltd. )
Figure 72: Revenue (US$ Mn) & Y-o-Y Growth (%), 2014–2016 (Apple Inc. )
Figure 73: Breakdown of Net Sales, by Geography, 2016 (Apple Inc. )
Figure 74:Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017 (Sony Corporation )
Figure 75 : Breakdown of Net Sales, by Geography, 2017 (Sony Corporation )
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