Europe Micro LED Market Size, Share & Trends Analysis Report By Application (Display, Lighting), By End-use (Automotive, BFSI), By Display Pixel Density, By Country, And Segment Forecasts, 2024

The Europe micro LED market size is anticipated to reach USD 2.66 billion by 2030, growing at a CAGR of 78.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing need for micro LED displays, the developing semiconductor sector, and lucrative government support and initiatives are propelling the market. The European Union (EU) has established several innovation support programs, such as the European Innovation Council (EIC), which provides funding and mentorship to Micro-LED startups and small and medium enterprises (SMEs).

The COVID-19 pandemic significantly affected the market, causing various changes in the industry, from consumer demand and market dynamics to production and supply chains. The pandemic primarily impacted the market by disrupting the manufacturing and supply chains, leading to logistical challenges, production delays, and component shortages. The flow of essential materials and components for micro LED production was disrupted due to restrictions on international trade, workforce limitations, and lockdown measures imposed to curb the spread of the virus, which affected the overall supply chain and production timelines.

The market growth is driven primarily by the increasing demand for micro LED displays across various applications, including smartphones, smartwatches, televisions, automotive displays, and wearable devices. Consumers are seeking devices that offer superior image quality, high brightness, energy efficiency, and vibrant colors, all of which are key features of micro LED technology. The growing demand for visually stunning displays drives the adoption of micro LEDs in consumer electronics and other industries, spurring market growth and innovation.

In addition, the semiconductor industry's growth is significantly driving the micro LED market forward. Micro LEDs are semiconductor-based light sources with advantages such as high-energy efficiency, long lifespan, fast response times, and small form factors. As the semiconductor industry continues to advance in manufacturing processes, materials innovation, and chip design, it enables the development of micro LEDs with higher pixel densities, improved performance, and cost-effective production methods. This coordination between the semiconductor industry and micro LED technology is driving advancements in display technology and expanding the market potential for micro LED applications.

Europe Micro LED Market Report Highlights:

Based on application, the display segment accounted for the largest revenue share of 82.1% in 2023. It can be attributed to the proliferation of smart devices in various sectors. The lighting segment is expected to grow fastest, with the increasing demand for energy-efficient lighting solutions
Based on display pixel density, the greater than 5000ppi segment dominated the market in 2023 and is expected to grow at a significant CAGR over the forecast period owing to the rising need for crisp and high-quality display
Based on end-use, the healthcare segment is expected to grow at a significant rate over the forecast period, owing to the increasing need for advanced imaging capabilities
In May 2022, IQE plc announced a strategic partnership with Porotech, a pioneer in microLED and GaN-based semiconductor technology. The partnership aims to develop, scale, and commercialize Porotech's unique wafer technology, which achieves all three colors (RGB) on a single 200 mm or 300mm GaN-based wafer for ultra-high-density and efficient micro LEDs and focuses on developing and manufacturing 200mm platforms and 300mm wafer formats

Product Code: GVR-4-68040-297-7

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Segment Definitions
- 1.2.1. Application
- 1.2.2. Display Pixel Density
- 1.2.3. End-use
- 1.2.4. Regional
- 1.2.5. Estimates And Forecasts Timeline
1.3. Research Methodology
1.4. Information Procurement
- 1.4.1. Information Procurement
- 1.4.2. Information or Data Analysis
- 1.4.3. Market Formulation & Data Visualization
- 1.4.4. Data Validation & Publishing
1.5. Research Scope and Assumptions
- 1.5.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
- 2.2.1. Application Outlook
- 2.2.2. Display Pixel Density Outlook
- 2.2.3. End-use Outlook
- 2.2.4. Regional Outlook
2.3. Competitive Insights

Chapter 3. Europe Micro LED Market Variables, Trends & Scope

3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
3.2. End-user Value Chain Analysis
3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
  - 3.3.1.1. Rising demand for high-quality displays
  - 3.3.1.2. Increasing investments in research & development
- 3.3.2. Market Restraint Analysis
  - 3.3.2.1. High manufacturing cost
- 3.3.3. Market Opportunity Analysis
  - 3.3.3.1. Advent of augmented, virtual, and mixed reality technology
3.4. Europe Micro LED Market Analysis Tools
- 3.4.1. End-user Analysis - Porter's
  - 3.4.1.1. Supplier power
  - 3.4.1.2. Buyer power
  - 3.4.1.3. Substitution threat
  - 3.4.1.4. Threat of new entrant
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic landscape
  - 3.4.2.3. Social landscape
  - 3.4.2.4. Technological landscape
  - 3.4.2.5. Environmental landscape
  - 3.4.2.6. Legal landscape

Chapter 4. Europe Micro LED Market: Application Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Europe Micro LED Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 4.2.1. Display
  - 4.2.1.1. Display market estimates and forecasts 2018 - 2030 (USD Million)
  - 4.2.1.2. Television
  - 4.2.1.2.1. Television market estimates and forecasts 2018 - 2030 (USD Million)
  - 4.2.1.3. AR & VR
  - 4.2.1.3.1. AR & VR market estimates and forecasts 2018 - 2030 (USD Million)
  - 4.2.1.4. Automotive
  - 4.2.1.4.1. Automotive market estimates and forecasts 2018 - 2030 (USD Million)
  - 4.2.1.5. Smartwatch
  - 4.2.1.5.1. Smartwatch market estimates and forecasts 2018 - 2030 (USD Million)
  - 4.2.1.6. Smartphone, tablets, and laptops
  - 4.2.1.6.1. Smartphone, tablets, and laptops market estimates and forecasts 2018 - 2030 (USD Million)
- 4.2.2. Lighting
  - 4.2.2.1. Lighting market estimates and forecasts 2018 - 2030 (USD Million)
  - 4.2.2.2. General lighting
  - 4.2.2.2.1. General lighting market estimates and forecasts 2018 - 2030 (USD Million)
  - 4.2.2.3. Automotive lighting
  - 4.2.2.3.1. Automotive lighting market estimates and forecasts 2018 - 2030 (USD Million)

Chapter 5. Europe Micro LED Market: Display Pixel Density Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Europe Micro LED Market: Display Pixel Density Movement Analysis, 2023 & 2030 (USD Million)
- 5.2.1. Less than 3000ppi
  - 5.2.1.1. Less than 3000ppi market estimates and forecasts 2018 - 2030 (USD Million)
- 5.2.2. 3000ppi to 5000ppi
  - 5.2.2.1. 3000ppi to 5000ppi market estimates and forecasts 2018 - 2030 (USD Million)
- 5.2.3. Greater than 5000ppi
  - 5.2.3.1. Greater than 5000ppi market estimates and forecasts 2018 - 2030 (USD Million)

Chapter 6. Europe Micro LED Market: End-use Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Europe Micro LED Market: End-use Movement Analysis, 2023 & 2030 (USD Million)
- 6.2.1. Automotive
  - 6.2.1.1. Automotive market estimates and forecasts 2018 - 2030 (USD Million)
- 6.2.2. Consumer Electronics
  - 6.2.2.1. Consumer electronics market estimates and forecasts 2018 - 2030 (USD Million)
- 6.2.3. Healthcare
  - 6.2.3.1. Healthcare market estimates and forecasts 2018 - 2030 (USD Million)
- 6.2.4. BFSI
  - 6.2.4.1. BFSI market estimates and forecasts 2018 - 2030 (USD Million)
- 6.2.5. Aerospace & Defense
  - 6.2.5.1. Aerospace & defense market estimates and forecasts 2018 - 2030 (USD Million)
- 6.2.6. Others
  - 6.2.6.1. Others market estimates and forecasts 2018 - 2030 (USD Million)

Chapter 7. Europe Micro LED Market: Regional Estimates & Trend Analysis

7.1. Europe
- 7.1.1. Europe micro LED market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.1.2. UK
  - 7.1.2.1. UK micro LED market estimates and forecasts 2018 - 2030 (USD Million)
- 7.1.3. Germany
  - 7.1.3.1. Germany micro LED market estimates and forecasts 2018 - 2030 (USD Million)
- 7.1.4. France
  - 7.1.4.1. France micro LED market estimates and forecasts 2018 - 2030 (USD Million)
- 7.1.5. Italy
  - 7.1.5.1. Italy micro LED market estimates and forecasts 2018 - 2030 (USD Million)
- 7.1.6. Spain
  - 7.1.6.1. Spain micro LED market estimates and forecasts 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company Categorization
8.3. Company Market Positioning
8.4. Company Heat Map Analysis
8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & acquisition
- 8.5.3. Partnerships & collaborations
- 8.5.4. New product launches
- 8.5.5. Research and development
8.6. Company Profiles
- 8.6.1. Plessey Semiconductors
  - 8.6.1.1. Company overview
  - 8.6.1.2. Financial performance
  - 8.6.1.3. Product benchmarking
  - 8.6.1.4. Strategic initiatives
- 8.6.2. Interuniversitair Micro-Electronica Centrum vzw (IMEC)
  - 8.6.2.1. Company overview
  - 8.6.2.2. Financial performance
  - 8.6.2.3. Product benchmarking
  - 8.6.2.4. Strategic initiatives
- 8.6.3. X-Celeprint
  - 8.6.3.1. Company overview
  - 8.6.3.2. Financial performance
  - 8.6.3.3. Product benchmarking
  - 8.6.3.4. Strategic initiatives
- 8.6.4. Jade Bird Display
  - 8.6.4.1. Company overview
  - 8.6.4.2. Financial performance
  - 8.6.4.3. Product benchmarking
  - 8.6.4.4. Strategic initiatives
- 8.6.5. Vivid MicroLED
  - 8.6.5.1. Company overview
  - 8.6.5.2. Financial performance
  - 8.6.5.3. Product benchmarking
  - 8.6.5.4. Strategic initiatives
- 8.6.6. ams OSRAM
  - 8.6.6.1. Company overview
  - 8.6.6.2. Financial performance
  - 8.6.6.3. Product benchmarking
  - 8.6.6.4. Strategic initiatives
- 8.6.7. Hexagem
  - 8.6.7.1. Company overview
  - 8.6.7.2. Financial performance
  - 8.6.7.3. Product benchmarking
  - 8.6.7.4. Strategic initiatives
- 8.6.8. Polar Light Technologies
  - 8.6.8.1. Company overview
  - 8.6.8.2. Financial performance
  - 8.6.8.3. Product benchmarking
  - 8.6.8.4. Strategic initiatives
- 8.6.9. Porotech
  - 8.6.9.1. Company overview
  - 8.6.9.2. Financial performance
  - 8.6.9.3. Product benchmarking
  - 8.6.9.4. Strategic initiatives

Product Code: GVR-4-68040-297-7

List of Tables

Table 1 List of abbreviations
Table 2 Europe micro LED market, by region, 2018 - 2030 (USD Million)
Table 3 Europe micro LED market, by application, 2018 - 2030 (USD Million)
Table 4 Europe micro LED market, by display pixel density, 2018 - 2030 (USD Million)
Table 5 Europe micro LED market, by end-use, 2018 - 2030 (USD Million)
Table 6 UK micro LED market, by application, 2018 - 2030 (USD Million)
Table 7 UK micro LED market, by display pixel density, 2018 - 2030 (USD Million)
Table 8 UK micro LED market, by end-use, 2018 - 2030 (USD Million)
Table 9 Germany micro LED market, by application, 2018 - 2030 (USD Million)
Table 10 Germany micro LED market, by display pixel density, 2018 - 2030 (USD Million)
Table 11 Germany micro LED market, by end-use, 2018 - 2030 (USD Million)
Table 12 France micro LED market, by application, 2018 - 2030 (USD Million)
Table 13 France micro LED market, by display pixel density, 2018 - 2030 (USD Million)
Table 14 France micro LED market, by end-use, 2018 - 2030 (USD Million)
Table 15 Italy micro LED market, by application, 2018 - 2030 (USD Million)
Table 16 Italy micro LED market, by display pixel density, 2018 - 2030 (USD Million)
Table 17 Italy micro LED market, by end-use, 2018 - 2030 (USD Million)
Table 18 Spain micro LED market, by application, 2018 - 2030 (USD Million)
Table 19 Spain micro LED market, by display pixel density, 2018 - 2030 (USD Million)
Table 20 Spain micro LED market, by end-use, 2018 - 2030 (USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Europe micro LED market segmentation
Fig. 3 Europe micro LED market landscape
Fig. 4 Information procurement
Fig. 5 Data analysis models
Fig. 6 Market formulation and validation
Fig. 7 Data validating & publishing
Fig. 8 Market snapshot
Fig. 9 Segment snapshot (1/2)
Fig. 10 Segment snapshot (2/2)
Fig. 11 Competitive landscape snapshot
Fig. 12 Europe micro LED market: End-user value chain analysis
Fig. 13 Europe micro LED market: Market dynamics
Fig. 14 Europe micro LED market: PORTER's analysis
Fig. 15 Europe micro LED market: PESTEL analysis
Fig. 16 Europe micro LED market: Application movement analysis
Fig. 17 Europe micro LED market: Application outlook and key takeaways
Fig. 18 Display market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 19 Television display market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 AR & VR display market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 21 Automotive display market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 22 Smartwatch display market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 23 Smartphone, tablets, and laptops display market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 24 Lighting market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 25 General lighting market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 26 Automotive lighting market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 27 Europe micro LED market: Display pixel density movement analysis
Fig. 28 Europe micro LED market: Display pixel density outlook and key takeaways
Fig. 29 Less than 3000ppi market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 30 3000ppi to 5000ppi market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 Greater than 5000ppi market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 32 Europe micro LED market: End-use movement analysis
Fig. 33 Europe micro LED market: End-use outlook and key takeaways
Fig. 34 Automotive market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Consumer electronics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Healthcare market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 BFSI market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 Aerospace & defense market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Key Company Categorization
Fig. 41 Company Market Positioning
Fig. 42 Strategic Framework

Europe Micro LED Market Size, Share & Trends Analysis Report By Application (Display, Lighting), By End-use (Automotive, BFSI), By Display Pixel Density, By Country, And Segment Forecasts, 2024 - 2030

Description

Table of Contents

List of Tables

Europe Micro LED Market Growth & Trends:

Europe Micro LED Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Europe Micro LED Market Variables, Trends & Scope

Chapter 4. Europe Micro LED Market: Application Estimates & Trend Analysis

Chapter 5. Europe Micro LED Market: Display Pixel Density Estimates & Trend Analysis

Chapter 6. Europe Micro LED Market: End-use Estimates & Trend Analysis

Chapter 7. Europe Micro LED Market: Regional Estimates & Trend Analysis

Chapter 8. Competitive Landscape

List of Tables

List of Figures