Micro-LED Market worth 20.50 Billion USD by 2025 (1) - PowerPoint PPT Presentation

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Micro-LED Market worth 20.50 Billion USD by 2025 (1)


Micro-LED Market by Application (Display (Smartwatch, NTE Devices (AR, VR), Smartphone, Television, HUD, Digital Signage, Laptop & Monitor) and Lighting (General, Automotive)), Display Panel Size, Vertical, and Geography - Global Forecast to 2025 – PowerPoint PPT presentation

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Title: Micro-LED Market worth 20.50 Billion USD by 2025 (1)

MarketsandMarkets Presents
Micro-LED Market worth 20.50 Billion USD by 2025
The micro-LED market is estimated to grow from
USD 0.60 Billion in 2019 to USD 20.50 Billion by
2025, at a CAGR of 80.1 between 2019 and 2025.
Increasing demand for brighter and more
power-efficient display panels for smartwatches,
mobile devices, and NTE (AR/VR) devices is a
major factor for the growth of the market. The
rising interest of electronic giants Apple,
Samsung, and Sony and interest shown by
input/component suppliers in the supply chain
also contribute to the market growth.
Micro-LED market for NTE devices to grow at
highest CAGR during forecast period Considering
the current manufacturing capabilities, prototype
development, and the involvement of leading
players, micro-LED-based smartwatches and NTE
devices may enter the commercial phase in 2019.
The micro-LED market for NTE devices is expected
to grow at the highest CAGR between 2019 and
2025. The luminosity (brightness) and resolution
of micro-LED technology would be the key driving
force for the adoption of the technology in NTE
devices. AR devices require high resolution and
brightness to match the real-world visibility.
The fast response time of micro-LED displays is
also suited for AR applications. Micro-LED
display-based VR solutions can be implemented for
diverse end uses, such as entertainment, gaming,
training, and research. Smartphones and tablets
are high-volume applications, and once
commercialized, the corresponding market share
will rise to dominate the overall micro-LED
display market. Small and medium-sized display
panels to account for largest market share by
2025 Small and medium-sized display panels are
expected to dominate the micro-LED display market
by 2025 in terms of share, while the market for
microdisplays is expected to witness the highest
growth during the forecast period. Small and
medium-sized display panels will be consumed in
applications such as smartphones, tablets,
laptops, and monitors. Download Free Sample
pages of the Report https//www.marketsandmarke
APAC to hold major share of micro-LED market by
2025 APAC is expected to dominate the micro-LED
display market during the forecast period with
the presence of leading brand product
manufacturers, LED foundries, and display panel
manufacturers in the region. Samsung, LG, Sony,
Sharp, Panasonic, and several others will account
for major demand for micro-LED display panels by
2025. The recent technological advancements in
micro-LED have led to increased interest from
large APAC-based display panel manufacturers such
as Samsung Electronics (South Korea), LG Display
(South Korea), AU Optronics (Taiwan), and BOE
Technology (China). Demand for premium display
devices may also increase in APAC during the
forecast period, which would boost the growth of
the micro-LED display market. Major companies
operating in this market are Apple (LuxVue) (US),
Oculus VR (InfiniLED) (US), Sony (Japan), Samsung
(South Korea), X-Celeprint (Ireland), Epistar
(Taiwan), GLO AB (Sweden), VerLASE Technologies
(US), JBD (China), and Aledia (France), among
others. Some of the key innovators in the
micro-LED market include Mikro Mesa Technology
(Taiwan), VueReal (Canada), Uniqarta (US), ALLOS
Semiconductors (Germany), Plessey Semiconductors
(UK), PlayNitride (Taiwan), and Ostendo
Technologies (US). Some other prominent players
in the micro-LED market include Lumens (South
Korea), Lumiode (US), Rohinni (US), Cooledge
Lighting (Canada), and Nichia (Japan).
Some of the prominent research institutes
undertaking research in the micro-LED market are
Industrial Technology Research Institute (ITRI)
(Taiwan), Changchun Institute (China), III-V Lab
(France), CEA Leti (France), Hong Kong University
of Science and Technology (Hong Kong), and
Fraunhofer-Gesellschaft (Germany). Some of the
input suppliers developing related materials and
components in micro-LED market include Jasper
Display (Taiwan), Crystalwise Technology
(Taiwan), Unimicron (Taiwan), Luminit (US),
Macroblock (Taiwan), and Max Technologies
(Taiwan). Report Details https//www.marketsand
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