Micro-LED Display Market Report: Trends, Forecast and Competitive Analysis to 2030

Micro-LED Display Trends and Forecast

The future of the global micro-LED display market looks promising with opportunities in the consumer electronics, entertainment and sports, automotive, retail, and government and defence markets. The global micro-LED display market is expected to reach an estimated $44.2 billion by 2030 with a CAGR of 75.0% from 2024 to 2030. The major drivers for this market are raising people's standards of living and their disposable income levels, growth in the market for power-efficient and brilliant display panels, and increasing consumer demand for upscale, cutting-edge audio and visual products.

A more than 150-page report is developed to help in your business decisions.

Micro-LED Display by Segment

The study includes a forecast for the global micro-LED display by product, application, end use industry, and region.

Micro-LED Display Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Large-Scale Display
• Small And Medium-Sized Display
• Micro Display

Micro-LED Display Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Smartphones and Tablets
• PSc and Laptops
• TVs
• Smartwatch
• Others

Micro-LED Display Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Consumer Electronics
• Entertainment and Sports
• Automotive
• Retail
• Government and Defence
• Others

Micro-LED Display Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Micro-LED Display Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies micro-LED display companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the micro-LED display companies profiled in this report include-

• Apple
• Sony Corporation
• Samsung Electronics
• LG Display
• Plessey Semiconductors
• Epistar Corporation
• Ostendo Technologies
• MicroVision
• Konka Group
• Rohinni

Micro-LED Display Market Insights

Lucintel forecasts that micro display is expected to witness the highest growth over the forecast period due to extensive use in devices including smartphones, wearables, and near-eye devices, as well as, growing acceptance of smart display technologies among people.

Within this market, consumer electronics will remain the largest segment due to global government campaigns to increase domestic electronics production, as well as with their enhanced visual experiences, micro-LED displays are becoming more and more incorporated into consumer gadgets like wearables, televisions, and smartphones.

APAC is expected to witness highest growth over the forecast period due to constantly rising smartphone penetration and notable technological advancements in the it sectors, as well as, availability of multiple manufacturers in the region makes the transition from conventional to micro-LED screens more affordable.

Features of the Global Micro-LED Display Market

Market Size Estimates: Micro-LED display market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Micro-LED display market size by product, application, end use industry, and region in terms of value ($B).

Regional Analysis: Micro-LED display market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product, application, end use industry, and regions for the micro-LED display market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the micro-LED display market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the micro-LED display market size?

Answer: The global micro-LED display market is expected to reach an estimated $44.2 billion by 2030.

Q2. What is the growth forecast for micro-LED display market?

Answer: The global micro-LED display market is expected to grow with a CAGR of 75.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the micro-LED display market?

Answer: The major drivers for this market are raising people's standards of living and their disposable income levels, growth in the market for power-efficient and brilliant display panels and increasing consumer demand for upscale, cutting-edge audio and visual products.

Q4. What are the major segments for micro-LED display market?

Answer: The future of the micro-LED display market looks promising with opportunities in the consumer electronics, entertainment and sports, automotive, retail, and government and defence markets.

Q5. Who are the key micro-LED display market companies?

Answer: Some of the key micro-LED display companies are as follows.

• Apple
• Sony Corporation
• Samsung Electronics
• LG Display
• Plessey Semiconductors
• Epistar Corporation
• Ostendo Technologies
• MicroVision
• Konka Group
• Rohinni

Q6. Which micro-LED display market segment will be the largest in future?

Answer: Lucintel forecasts that micro display is expected to witness the highest growth over the forecast period due to extensive use in devices including smartphones, wearables, and near-eye devices, as well as, growing acceptance of smart display technologies among people.

Q7. In micro-LED display market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to constantly rising smartphone penetration and notable technological advancements in the it sectors, as well as, availability of multiple manufacturers in the region makes the transition from conventional to micro-LED screens more affordable.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the micro-LED display market by product (large-scale display, small and medium-sized display, and micro display), application (smartphones and tablets, pcs and laptops, tvs, smartwatch, and others), end use industry (consumer electronics, entertainment and sports, automotive, retail, government and defence, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?