Display have become the interface of choice between people and their devices, from large screen televisions to smartphones. Monolithic micro LED is expected as next generation display technology due to its potential to be lighter, brighter, thinner, and low power consumption. Moreover, it also offers better sensing functionalities, superior and local brightness adjustment, and reduced power draws. It combines the best features of OLED and LCD.

Monolithic display based on micro LEDs fabricated using a GaN-on-Silicon approach. Here, micro LEDs is technology that can provide high luminance in a small format, it is consist of bulk LED substrate into array of micro LED. This arrays are with emitters as small as 1 micron and driven at low current density for greater efficiency and longevity. It enables higher and smaller resolution displays for a range of applications, including head-up displays, augmented reality ( A R ) or mixed reality, televisions, laptops & convertibles, and virtual reality ( V R ) .  Further the Monolithic micro LED expected to use for various application such as smart watches & wearable’s, automatic HUD, smartphones, tablets, and other devices.

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Monolithic Micro LED Display Market – Competitive Landscape

Plessey Semiconductors Limited

Plessey Semiconductors Limited is headquartered in Plymouth, UK. The company is a global manufactures GaN-on-silicon LEDs for blue chip customers. The company provides offers general lighting products, such as low power LEDs, mid power LEDs, high power LEDs, LED modules and light engines, low/mid power dies, and high power dies. The company’s products are used in various lighting applications such as architectural, commercial, industrial, outdoor, and residential applications.

Jasper Display Corp

Founded in 2010, Jasper Display Corp. is headquartered in Hsinchu, Taiwan. The company is a designer of SLM (Spatial Light Modulators) and has successfully developed several new, very high speed Full HD (FHD) micro displays. The company joined the Plessey’s strategy alliance for the latest Micro LED technology development.

Nanoco Technologies Limited

Founded in 2001, Nanoco Technologies Limited is headquartered in Manchester, UK. The company manufactures quantum dots, nano-sized particles and applications incorporating semiconductor nanoparticles. The company has manufacturing unit based in Runcorn, UK and business development offices in Japan, Korea and Taiwan.

Key players operating in the global monolithic micro LED display market include Plessey Semiconductors Limited, Jasper Display Corp., and Nanoco Technologies Limited among others.

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Monolithic Micro LED Display Market – Dynamics

The monolithic micro LED display market is anticipated to  driven by the increase in deliveries of monolithic micro LED display in applications of  consumer electronics including head-up displays, augmented reality (AR) or mixed reality, televisions, laptops & convertibles, and virtual reality and other. Further, the use smart watches & wearables for fitness, sports, and other personal application expected increase, further anticipated to contribute to the growth of global monolithic micro LED display market during forecast period. Monolithic micro LED display manufacturers were focusing on get new technology out to the widest possible manufacturing base to meet the growing demand of monolithic micro LED display.

Furthermore, they were also focusing on development and production of monolithic micro LED display to address emerging applications. Manufacturer of monolithic micro LED display expected to face mass production problem, since it is inherently complex technology, further expected to hinder the growth of the global monolithic micro LED display market.

Monolithic Micro LED Display Market – Segmentation

The monolithic micro LED display market can be bifurcated on the basis of:

  • Product Application
  • Region

Monolithic Micro LED Display Market Segmentation – By Product Application

Depending on the product application, the monolithic micro LED display market can be divided into:

  • AR
  • HUD/HMD
  • Smart Watches
  • Monitor & TVs
  • Light Engine/Wave Guide
  • Mobile Phones
  • Others

The report on monolithic micro LED display market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The monolithic micro LED display market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The monolithic micro LED display market report also maps the qualitative impact of various market factors on monolithic micro LED display market segments and geographies.

Regional analysis for monolithic micro LED display market includes:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)
  • South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

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  • Supply and demand
  • Market size
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  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

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9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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