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Micro-LED Market by Application (Display (Smartwatch, NTE Device (AR HMD, VR HMD), Smartphone, Television, HUD, Digital Signage, Laptop and Monitor, Lighting (General, Automotive), Display Panel Size, Vertical, and Region - Global Forecast to 2026

Published: May 2020

No. of Pages: 162

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“Growing demand for brighter and more power-efficient display panels is driving growth of micro-LED market”

The global micro-LED market size is estimated to grow from USD 409 million in 2020 to USD 18,835 million by 2026, at a CAGR of 89.3% between 2020 and 2026. The most significant factor driving the growth of this market is the growing demand for brighter and more power-efficient display panels for smartwatches, mobile devices, and AR/VR devices.

“High penetration of micro-LED-based products in display panel market”

The display panel market is huge, and many leading industry players are working on optimizing the existing display technologies such as LED, LCD, OLED, quantum dot LED, and e-paper. Samsung is pursuing quantum dot LED and OLED, while LG Display is focusing on OLED technology. The market is dominated by Samsung, LG Display, AU Optronics, Innolux, and Japan Display. These players may enter into partnerships or collaborations, or even acquire one of the many startups that are focusing on developing micro-LED technology.

Micro-LED technology, when mature, is expected to penetrate different display applications. The huge display market offers numerous opportunities for the development of micro-LED technology, which is much brighter and low-power-consuming compared with the existing technologies, such as LCD and OLED.

“Various new patents are being registered in micro-LED market”

The micro-LED market is witnessing various changes and technological innovations in chip manufacturing, chip transfer, and many other areas. Micro-LED -based products are not yet commercialized, and players are focusing primarily on prototype development and technology protection.

As 0f 2019, more than 1500 patents have been filled by 125 companies. Some players have filed patents, while others have acquired intellectual property via license agreements, mergers, and acquisitions. Leading players filing patents for micro-LED technology are Apple (LuxVue) (US) and Ostendo Technologies (US). Many R&D labs/institutes, such as CEA-Leti (France), Hong Kong University of Science and Technology (HKUST, Hong Kong), and the University of Illinois (US), have also filed patents related to micro-LED technology.

More than 50% of micro-LED-related patents belong to mass transfer, interconnect, pixel & display architecture, and driver circuits. Around 15% of patents belong to chip structure and chip manufacturing. The remaining ones are related to epitaxy, color conversion, yield management, testing, etc.

“In North America, micro-LED market in US is expected to grow at highest CAGR during forecast period“

The US is expected to be the major contributor to the micro-LED display market in North America because of its well-established economy and the presence of prominent smartphone, AR/VR, television, and smart wearable suppliers in the country. The rapid adoption of the latest display technologies, along with the growing number of applications, is the main reason attributed to the expected prominent share of North America in the micro-LED display market. Many leading brands, such as HP, Dell, and Apple, are headquartered in the US. These factors are expected to contribute to North America playing a key role in the growth of the micro-LED display market.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with the key experts. The breakup of the profiles of primary participants is as follows:

By Company Type: Tier 1 – 25 %, Tier 2 – 15%, and Tier 3 – 60%
By Designation: C-Level Executives – 55%, Directors – 35%, Others – 10%
By Geography: North America – 30%, Europe – 45%, APAC – 25%

The global micro-LED market is dominated by Apple Inc. (LuxVue) (US), Oculus VR (InfiniLED) (US), Sony Corp. (Japan), Samsung Electronics Co., Ltd. (South Korea), X-Celeprint Ltd. (Ireland), Epistar Corporation (Taiwan), GLO AB (Sweden), VerLASE Technologies LLC (US), JBD Inc. (JB-Display) (China), Aledia (France), Uniqarta, Inc. (US), ALLOS Semiconductors GmbH (Germany), Plessey Semiconductors Ltd. (UK), PlayNitride Inc. (Taiwan), Mikro Mesa Technology Co., Ltd. (Taiwan), VueReal Inc. (Canada), Ostendo Technologies, Inc. (US), Sharp Corporation (eLux Inc.) (Japan), University of Sheffield (EpiPix Ltd.) (UK), Micledi (Belgium), Microluce (Taiwan), Tianma (China), and Visionox (China). Other prominent players in the market are Lumens Co., Ltd. (South Korea), Lumiode, Inc. (US), Rohinni LLC (US), Cooledge Lighting Inc. (Canada), Nichia Corp. (Japan), PRP Optoelectronics (Wiltshire), CSOT (China), and Konka (China).

Research Coverage

This report covers the micro-LED market segmented based on vertical, panel size, application, and geography. A detailed analysis of the key industry players has been undertaken to provide insights into their business, products, and services, and key strategies such as product launches, product developments, partnerships, contracts, agreements, mergers & acquisitions, collaborations, and expansions associated with the micro-LED market.

Reasons to Buy the Report:

Illustrative segmentation, analysis, and forecast pertaining to the micro-LED market based on vertical, panel size, application, and region have been conducted to provide an overall view of the micro-LED industry.
The major drivers, restraints, opportunities, and challenges for the micro-LED market have been detailed in this report.

The report includes a detailed competitive landscape of the key players in the market and their ranking.

Table Of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Segmentation
1.3.3 Years Considered
1.4 Currency
1.5 Package Size
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown Of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Estimating Market Size By Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Estimating Market Size By Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions For Research Study

3 Executive Summary
3.1 Covid-19 Impact Analysis On Micro-Led Market
3.1.1 Realistic Scenario (Post-Covid-19)
3.1.2 Optimistic Scenario (Post-Covid-19)
3.1.3 Pessimistic Scenario (Post-Covid-19)

4 Premium Insights
4.1 Attractive Opportunities For Micro-Led Market Growth
4.2 Micro-Led Market For Display And Lighting Applications (2017–2026)
4.3 Smartphone, Nte Device, And Television Applications To Drive Global Micro-Led Display Market
4.4 Small And Medium-Sized Panel To Grow At Highest Cagr Between 2020 And 2026
4.5 Micro-Led Display Market, By Vertical
4.6 Leading Applications And Regions In Micro-Led Display Market By 2026

5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Growing Demand For Brighter And More Power-Efficient Display Panels For Smartwatches, Mobile Devices, And Ar/Vr Devices
5.1.1.2 Increasing Interest Of Electronics Giants
5.1.1.3 Interest Shown By Input/Component Suppliers In Supply Chain
5.1.2 Restraints
5.1.2.1 No Established Supply Chain And Distributed Patent Portfolio
5.1.2.2 Rising Demand For Oled
5.1.2.3 High Growth Of Flexible Display Market And Adoption Of Folded Displays For Smartphones In Near Future
5.1.3 Opportunities
5.1.3.1 Manufacturing Of Micro-Leds On Large Silicon Wafers
5.1.3.2 Growing Demand For Wearable Displays For Smartwatches And Ar/Vr Hmds
5.1.3.3 High Penetration Of Micro-Led-Based Products In Display Panel Market
5.1.4 Challenges
5.1.4.1 Requirement Of Huge Investments And Need For Different Manufacturing Processes As Well As Equipment Computability
5.1.4.2 Low Yield, High Cost, And Need For Improving Micro-Led Production And Mass Transfer Processes
5.1.4.3 Trade-Off Between Pixel Volume And Pixel Size

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 R&D (Prototype & Ip Development)
6.2.2 Micro-Led Manufacturing (Led Foundry)
6.2.3 Mass Transfer
6.2.4 Panel Manufacturing
6.2.5 Product Integration
6.2.6 Input Suppliers
6.2.6.1 Wafer Suppliers
6.2.6.2 Driver/Controller Suppliers
6.2.6.3 Manufacturing Equipment Suppliers
6.2.6.4 Other Suppliers
6.3 Patent Analysis
6.4 Micro-Led: Current Capability And Technology Status
6.5 Commercialization Potential Of Micro-Led In Different Devices
6.5.1 Device Comparison And Specification Requirement
6.5.1.1 Small And Medium-Sized Devices
6.5.1.2 Large Devices
6.6 Impact Of Covid-19 On Micro-Led Market

7 Micro-Led Market, By Application
7.1 Introduction
7.2 Display
7.2.1 Near-To-Eye (Nte) Devices
7.2.1.1 Ar Hmd
7.2.1.1.1 Global Spread Of Covid-19 Is Major Factor Responsible For Declining Revenue In 2020
7.2.1.2 Vr Hmd
7.2.1.2.1 Surge In Demand For Vr Hmd In Numerous Applications Is Key Factor Fueling Demand For Micro-Leds
7.2.2 Smartwatch
7.2.2.1 Growing Demand For High Brightness Display Smartwatches Is Propelling Demand For Micro-Leds
7.2.3 Television
7.2.3.1 Problems Associated With Mass-Production Of Televisions Using Micro-Led Technology Likely To Be Potential Restraint For Market Growth
7.2.4 Head-Up Display (Hud)
7.2.4.1 Growing Demand For Better Head-Up Displays In Automotive Sector Driving Market Growth
7.2.5 Smartphone And Tablet
7.2.5.1 High Luminosity And Power Efficiency Offered By Micro-Led Technology Likely To Boost Adoption Among Smartphone Manufacturers
7.2.6 Monitor And Laptop
7.2.6.1 Limitations Associated With Implementing Micro-Led Technology In Large-Format Devices May Result In Late Commercialization Of Micro-Led Technology For Laptops And Monitors
7.2.7 Digital Signage
7.2.7.1 High Brightness And Better Contrast Ratio Are Driving Adoption Of Micro-Led Technology In Digital Signage
7.3 Lighting
7.3.1 General Lighting
7.3.1.1 Extensive Utilization In Development Of Backlit Lighting Panels For Consumer Products Anticipated To Drive Growth Of Micro-Led Market For General Lighting
7.3.2 Automotive Lighting
7.3.2.1 Surging Demand For Smart Headlights In Automotive Sector Anticipated To Encourage Adoption Of Micro-Leds

8 Micro-Led Display Market, By Resolution And Brightness
8.1 Resolution
8.1.1 Increasing Demand For High-Resolution Displays Drives Micro-Led Display Market
8.2 Brightness
8.2.1 Micro-Leds Can Render More Brightness Than Any Other Display Technology
8.3 Micro-Led Product Launches And Their Features

9 Micro-Led Display Market, By Panel Size
9.1 Introduction
9.2 Microdisplay
9.2.1 Companies Are Focusing On Developing Prototypes Of Microdisplays
9.3 Small And Medium-Sized Panel
9.3.1 Mass Production Of Micro-Led-Based Small And Medium-Sized Panels Currently Has Few Unresolved Issues
9.4 Large Panel
9.4.1 Micro-Led-Based Large Display Panels Increase Cost Of End Products

10 Micro-Led Display Market, By Vertical
10.1 Introduction
10.2 Consumer Electronics
10.2.1 Consumer Electronics Is Most Attractive Segment In Micro-Led Display Market
10.3 Advertising
10.3.1 Digital Signage Is Most Promising Segment In Micro-Led Display Market For Advertising
10.4 Automotive
10.4.1 Hud Holds Highest Potential In Micro-Led Market For Automotive Vertical
10.5 Aerospace & Defense
10.5.1 Ar And Vr Hmds Are Key Applications For Micro-Led Displays In Aerospace & Defense Vertical
10.6 Others
10.6.1 Nte Devices Are Expected To Contribute To Overall Growth Of Micro-Led Display Market For Others Segment

11 Micro-Led Market, By Region
11.1 Introduction
11.2 Apac
11.2.1 South Korea
11.2.1.1 Presence Of Key Players Is Driving Market Growth In South Korea
11.2.2 China
11.2.2.1 Covid-19 Is Forcing Key Players To Retract Investments
11.2.3 Japan
11.2.3.1 Presence Of Leading Display Panel Manufacturers Is Driving Japanese Micro-Led Market
11.2.4 Rest Of Apac
11.2.4.1 Taiwan, Hing Kong, Singapore, And Malaysia Are Attracting Foreign Investments
11.3 North America
11.3.1 Us
11.3.1.1 Presence Of Consumer Electronics Manufacturers Expected To Boost Micro-Led Market Growth In Us
11.3.2 Canada
11.3.2.1 Canada’s Growing Economy Holds Potential For Growth
11.3.3 Mexico
11.3.3.1 Rising Disposable Income Levels And Increase In Mid-Income Group Population Drive Mexican Micro-Led Market
11.4 Europe
11.4.1 Uk
11.4.1.1 Market Stakeholders To Engage In Strategic Partnerships With Micro-Led Display Suppliers
11.4.2 Germany
11.4.2.1 Germany Holds Major Market Share In European Market
11.4.3 France
11.4.3.1 Advertising Is Key Vertical In France For Micro-Led Market
11.4.4 Rest Of Europe
11.4.4.1 Demand In Consumer Electronics Expected To Boost Micro-Led Market In Rest Of Europe
11.5 Rest Of The World (Row)
11.5.1 Adoption Of Micro-Led Technology Is In Nascent Stage In Row

12 Competitive Landscape
12.1 Overview
12.2 Micro-Led Market: Ranking Analysis (2018)
12.3 Competitive Scenario
12.3.1 Product Developments
12.3.2 Agreements
12.3.3 Expansions
12.3.4 Mergers, Acquisitions, And Investments
12.4 Competitive Leadership Mapping, 2019
12.4.1 Visionary Leaders
12.4.2 Dynamic Differentiators
12.4.3 Innovators
12.4.4 Emerging Companies
12.5 Strength Of Product Portfolio
12.6 Business Strategy Excellence

13 Company Profiles
13.1 Key Players
(Business Overview, Products And Services Offered, Recent Developments, Swot Analysis, Mnm View)*
13.1.1 Apple (Luxvue)
13.1.2 Oculus Vr (Infiniled)
13.1.3 Sony
13.1.4 Samsung Electronics
13.1.5 X-Celeprint
13.1.6 Epistar
13.1.7 Glo Ab
13.1.8 Verlase Technologies
13.1.9 Jade Bird Display Inc.
13.1.10 Aledia
*Business Overview, Products And Services Offered, Recent Developments, Swot Analysis, Mnm View Might Not Be Captured In Case Of Unlisted Companies.
13.2 Key Innovators
13.2.1 Mikro Mesa Technology
13.2.2 Vuereal
13.2.3 Uniqarta
13.2.4 Allos Semiconductors
13.2.5 Plessey Semiconductors
13.2.6 Playnitride
13.2.7 Ostendo Technologies
13.2.8 Sharp Corporation (Elux Inc.)
13.2.9 University Of Sheffield (Epipix Ltd.)
13.2.10 Micledi
13.2.11 Microluce
13.2.12 Tianma
13.2.13 Visionox
13.3 Other Important Players
13.3.1 Lumens
13.3.2 Lumiode
13.3.3 Rohinni
13.3.4 Cooledge
13.3.5 Nichia
13.3.6 Prp Optoelectronics
13.3.7 Csot
13.3.8 Konka
13.4 Research Institutes And Labs
13.4.1 Industrial Technology Research Institute (Itri) (Eosrl)
13.4.2 Changchun Institute
13.4.3 Iii-V Lab
13.4.4 Cea-Leti
13.4.5 Hong Kong University Of Science And Technology
13.4.6 Fraunhofer-Gesellschaft
13.5 Input Suppliers
13.5.1 Jasper Display
13.5.2 Crystalwise Technology
13.5.3 Unimicron
13.5.4 Luminit
13.5.5 Macroblock
13.5.6 Himax
13.6 Significant Display Players Entering Market
13.6.1 Foxconn (Sharp/Elux/Innolux)
13.6.2 Boe Technology
13.6.3 Au Optronics
13.6.4 Lg Display

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.3 Related Reports
14.4 Author Details

List Of Tables

Table 1 Industry Capability Analysis: Pixel Production/Transfer Rate For Commercialization, By Device
Table 2 Micro-Led Market, By Application, 2017–2026 (Usd Million)
Table 3 Micro-Led Display Market, By Application, 2017–2026 (Thousand Units)
Table 4 Micro-Led Display Market, By Application, 2017–2026 (Usd Million)
Table 5 Comparison Of Properties Of Different Microdisplay Technologies
Table 6 Micro-Led Display Market For Nte Device, By Hmd Type, 2017–2026 (Million Units)
Table 7 Micro-Led Display Market For Nte Device, By Hmd Type, 2017–2026 (Usd Million)
Table 8 Micro-Led Display Market For Nte Device, By Region, 2017–2026 (Usd Million)
Table 9 Micro-Led Display Market For Ar Hmd, By Region, 2017–2026 (Usd Million)
Table 10 Micro-Led Display Market For Vr Hmd, By Region, 2017–2026 (Usd Million)
Table 11 Micro-Led Display Market For Smartwatch, By Region, 2017–2026 (Usd Million)
Table 12 Micro-Led Display Market For Television, By Region, 2017–2026 (Usd Million)
Table 13 Micro-Led Display Market For Hud, By Region, 2017–2026 (Usd Million)
Table 14 Micro-Led Display Market For Smartphone And Tablet, By Region, 2017–2026 (Usd Million)
Table 15 Micro-Led Display Market For Laptop And Monitor, By Region, 2017–2026 (Usd Million)
Table 16 Micro-Led Display Market For Digital Signage, By Region, 2017–2026 (Usd Million)
Table 17 Micro-Led Lighting Market, By Application, 2017–2026 (Usd Million)
Table 18 Micro-Led Lighting Market For General Lighting, By Region, 2017–2026 (Usd Million)
Table 19 Micro-Led Lighting Market For Automotive Lighting, By Region, 2017–2026 (Usd Million)
Table 20 Micro-Led Display Market, By Panel Size, 2017–2026 (Usd Million)
Table 21 Micro-Led Display Market, By Vertical, 2017–2025 (Usd Million)
Table 22 Micro-Led Market, By Region, 2017–2026 (Usd Million)
Table 23 Micro-Led Display Market, By Region, 2017–2026 (Usd Million)
Table 24 Micro-Led Lighting Market, By Region, 2017–2026 (Usd Million)
Table 25 Micro-Led Display Market In Apac, By Application, 2017–2026 (Usd Million)
Table 26 Micro-Led Display Market In Apac, By Country, 2017–2026 (Usd Million)
Table 27 Micro-Led Display Market In North America, By Application, 2017–2026 (Usd Million)
Table 28 Micro-Led Display Market In North America, By Country, 2017–2026 (Usd Million)
Table 29 Micro-Led Display Market In Europe, By Application, 2017–2026 (Usd Million)
Table 30 Micro-Led Display Market In Europe, By Country, 2017–2026 (Usd Million)
Table 31 Micro-Led Display Market In Row, By Application, 2017–2026 (Usd Million)
Table 32 Key Player Market Ranking (2019)

List Of Figures

Figure 1 Micro-Led Display Market: Segmentation
Figure 2 Micro-Led Lighting Market: Segmentation
Figure 3 Micro-Led Market: Process Flow Of Market Size Estimation
Figure 4 Research Design
Figure 5 Data Triangulation
Figure 6 Micro-Led Market, 2017–2026 (Usd Million)
Figure 7 Micro-Led Display Panel Market, By Application, 2017–2026 (Usd Million)
Figure 8 Micro-Led Display Market, By Vertical, 2017–2026 (Usd Million)
Figure 9 Small And Medium-Sized Panel To Dominate Micro-Led Display Market By 2026
Figure 10 Impact Of Covid-19 On Micro-Led Market
Figure 11 Micro-Led Display Market In Apac To Grow At Highest Cagr Between 2020 And 2026
Figure 12 Automotive Lighting To Dominate Micro-Led Lighting Market Between 2020 And 2026
Figure 13 Consumer Vertical Is Expected To Grow At Highest Cagr In Micro-Led Display Market From 2020 To 2026
Figure 14 Display To Dominate Micro-Led Market Between 2020 And 2026
Figure 15 Smartphone And Tablet Application To Account For Largest Share Of Micro-Led Display Market By 2026
Figure 16 Small And Medium-Sized Panel To Account For Largest Share Of Micro-Led Display Market By 2026
Figure 17 Consumer Electronics Vertical To Hold Largest Share Of Dominate Micro-Led Display Market During Forecast Period
Figure 18 Apac And Smartphone And Tablet Application To Hold Largest Share Of Micro-Led Display Market, By 2026
Figure 19 Micro-Led Display Market In China To Grow At Highest Cagr From 2020 To 2026
Figure 20 Micro-Led Market: Drivers, Restraints, Opportunities, And Challenges
Figure 21 Micro-Led Value Chain
Figure 22 Micro-Led Market: Patent Analysis
Figure 23 Pixel (Rgb Led) Production/Transfer Rate For Commercialization, By Device
Figure 24 Small And Medium-Sized Device Analysis: Pixel Pitch, Pixels Per Panel, Pixel Size Requirement, And Expected Commercialization
Figure 25 Large Device Analysis: Pixel Pitch, Pixels Per Panel, Pixel Size Requirement, And Expected Commercialization
Figure 26 Micro-Led Display Market, By Application
Figure 27 Micro-Led Display Market, By Application, 2017–2026 (Million Units)
Figure 28 Micro-Led Display Market, By Application, 2017–2026 (Usd Million)
Figure 29 Micro-Led Display Market Share For Nte Devices, By Region, 2020 Vs. 2026
Figure 30 Micro-Led Lighting Market, By Type
Figure 31 Micro-Led Lighting Market, By Application, 2020 Vs. 2026 (Usd Million)
Figure 32 Micro-Led Display Market, By Resolution Type
Figure 33 Micro-Led Display Market, By Brightness
Figure 34 Micro-Led Display Market, By Panel Size
Figure 35 Micro-Led Display Market, By Panel Size, 2017–2026 (Usd Million)
Figure 36 Micro-Led Display Market For Microdisplays, 2017–2026 (Usd Million)
Figure 37 Micro-Led Display Market For Small And Medium-Sized Display Panel, 2017–2026 (Usd Million)
Figure 38 Micro-Led Display Market For Large Display Panels, 2017–2026 (Usd Million)
Figure 39 Micro-Led Display Market, By Vertical
Figure 40 Micro-Led Display Market, By Vertical, 2017–2026 (Usd Million)
Figure 41 Micro-Led Market, By Region
Figure 42 Micro-Led Market, By Region, 2017–2026 (Usd Million)
Figure 43 Apac To Account For Largest Share In Micro-Led Market By 2026
Figure 44 Micro-Led Display Market: Rapidly Growing Markets & New Hotspots
Figure 45 Apac: Micro-Led Display Market Snapshot
Figure 46 Micro-Led Display Market In Apac, By Application, 2017–2026 (Usd Million)
Figure 47 North America: Micro-Led Display Market Snapshot
Figure 48 Micro-Led Display Market In North America, By Application, 2017–2026 (Usd Million)
Figure 49 Europe: Micro-Led Display Market Snapshot
Figure 50 Micro-Led Display Market In Europe, By Application, 2017–2026 (Usd Million)
Figure 51 Micro-Led Display Market In Row, By Application, 2017–2026 (Usd Million)
Figure 52 Key Developments By Leading Players In Micro-Led Market, 2014–2020
Figure 53 Micro-Led Market (Global) Competitive Leadership Mapping, 2019
Figure 54 Product Portfolio Analysis Of Top Players In Micro-Led Market
Figure 55 Business Strategy Excellence Of Top Players In Micro-Led Market
Figure 56 Apple: Company Snapshot
Figure 57 Sony: Company Snapshot
Figure 58 Samsung Electronics: Company Snapshot
Figure 59 Epistar: Company Snapshot

Published By: MarketsandMarkets

Product Code: MarketsandMarkets556

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