The global MicroLED market was valued at US$ 977.5 million in 2022 and is projected to reach US$ 1231.1 million by 2030, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
| Market size in 2022 | US$ 977.5 million | Forecast Market size by 2030 | US$ 1231.1 million |
|---|---|---|---|
| Growth Rate | CAGR of 3.3% | Number of Pages | 200+ Pages |
MicroLED Market aims to provide a comprehensive presentation of the global market for MicroLED, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding MicroLED. MicroLED Market contains market size and forecasts of MicroLED in global, including the following market information:
- Global MicroLED Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global MicroLED Market Sales, 2018-2023, 2024-2030, (K Units)
- Global top five MicroLED companies in 2022 (%)
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Japan is the largest Micro-LED market with about 39% market share. North America is follower, accounting for about 3% market share.
The key players are Samsung Electronics, Apple, Sony, Jbd, Lumens, LG Display, Innolux Corporation, VueReal, Plessey Semiconductors, AU Optronics, Lumiode, eLux, Inc. etc. Top 3 companies occupied about 96% market share.
- APAC: This is driven by the growing demand for high-end displays in China, Japan, and South Korea. The CAGR for the APAC region is expected to be 81.5% between 2022 and 2027.
- North America: This is driven by the growing demand for high-end displays in the United States and Canada. The CAGR for North America is expected to be 74.6% between 2022 and 2027.
- Europe: This is driven by the growing demand for high-end displays in Germany, France, and the United Kingdom. The CAGR for Europe is expected to be 67.7% between 2022 and 2027.
- Latin America: This is driven by the growing demand for high-end displays in Brazil, Mexico, and Argentina. The CAGR for Latin America is expected to be 59.8% between 2022 and 2027.
- Middle East & Africa: This is driven by the growing demand for high-end displays in the United Arab Emirates, Saudi Arabia, and South Africa. The CAGR for the Middle East & Africa is expected to be 52% between 2022 and 2027.
We surveyed the MicroLED manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
| Report Attributes | Report Details |
|---|---|
| Report Title | MicroLED Market Size, Emerging Trends, Technological Advancements, and Business Strategies 2025-2032 |
| Market Size In 2022 | US$ 977.5 million |
| Market Size By 2029 | US$ 1231.1 million |
| Growth Rate | CAGR of 3.3% |
| By Type |
|
| By Manufacturing Technology |
|
| By Application |
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| Key Players |
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| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
|---|---|
| Base Year | 2022 |
| Forecast Year | 2030 |
| Number of Pages | 100+ Pages |
| Customization Available | Yes, the report can be customized as per your requirements. |
➣ Total Market by Segment:
- Small Sized Panels
- Medium Sized Panels
- Large Size Panels
- High Definition (HD) MicroLED Displays
- 4K Ultra-High Definition (UHD) MicroLED Displays
- 8K Ultra-High Definition (UHD) MicroLED Displays
- Inorganic LED-Based MicroLED Displays
- Organic LED-Based MicroLED Displays
- Quantum Dot LED-Based MicroLED Displays
- Cellphone
- Wearable Watch Device
- AR/VR
- TV
- Others
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
➣ Largest region:
The Asia-Pacific region is the largest market for MicroLED displays, with a market share of 45%. This is driven by the growing demand for high-end displays in China, Japan, and South Korea.
➣ Fastest growing region:
The fastest growing region in the MicroLED market is the Middle East & Africa, with a CAGR of 52% between 2022 and 2027. This is driven by the growing demand for high-end displays in the United Arab Emirates, Saudi Arabia, and South Africa.
➣ Competitor Analysis
- Key companies MicroLED revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies MicroLED revenues share in global market, 2022 (%)
- Key companies MicroLED sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies MicroLED sales share in global market, 2022 (%)
- Samsung Electronics
- Apple
- Sony
- Jbd
- Lumens
- LG Display
- PlayNitride
- AU Optronics
- Plessey Semiconductors
- Rohinni LLC
- Epistar Corporation
- Konka Group
➣ Key Trends:
- Rising Demand for High-End Displays: The increasing popularity of MicroLED displays can be attributed to their numerous advantages over traditional display technologies. With features like high contrast ratio, wide viewing angles, and exceptional image quality, MicroLED displays are witnessing growing demand in various sectors, including consumer electronics, automotive, and military & defense.
- Advancements in Manufacturing Technology: The manufacturing process for MicroLED displays is undergoing significant improvements, leading to enhanced efficiency and reduced production costs. This increased efficiency is making MicroLED displays more accessible and appealing to both manufacturers and consumers alike.
- Growing Technology Company Partnerships: To further the progress of the MicroLED market, major technology players, such as Samsung, LG Display, and Apple, are forging strategic partnerships. These collaborations are focused on joint efforts to develop and commercialize MicroLED displays, thereby speeding up the advancement of the technology.
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➣ About Semiconductor Insight:
Semiconductor Insight was founded in 2016 and focuses on offering thorough research and analysis of the semiconductor industry to help companies make informed decisions in this fast-paced, dynamic field. We have always been dedicated to providing comprehensive semiconductor market research, recognizing the major trends, opportunities, and difficulties influencing the worldwide semiconductor market.
Our clients can stay ahead of the competition thanks to the actionable intelligence provided by our professionally prepared semiconductor market studies, which include competitive analysis, market predictions, in-depth semiconductor industry analysis, and insights into technical breakthroughs. With almost ten years of experience, we continue to lead innovation and provide strategic clarity to semiconductor companies.
Our dedication to provide our clients insights into semiconductor market share and industry trends guarantees that they have the data they require.
FAQs –
Q. How big Micro-LED Market?
A. The global MicroLED market was valued at approximately $977.5 million in 2022 and is expected to reach around $1.23 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.3%. The report also outlines significant demand in regions like APAC, North America, and Europe, driven by the increasing demand for high-end display technologies.
Q. Which are the major companies in the micro-LED market?
A. Key companies in the Micro-LED market include major players like Samsung Electronics, Apple, Sony, and Intel, alongside others such as LG Display and Taiwan’s PlayNitride. These companies are driving advancements in micro-LED technology, particularly for applications in displays, wearables, and augmented reality systems.
Q. Which region has the biggest share in Micro LED Market?
A. The Asia-Pacific (APAC) region holds the largest share of the Micro-LED market, driven by strong demand from countries like South Korea, Japan, and China. This region is a hub for display technology innovation and manufacturing, with companies like Samsung and LG leading advancements in Micro-LED displays.
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