Micro LED Display Market to cross USD 14 billion by 2024 - PowerPoint PPT Presentation

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Micro LED Display Market to cross USD 14 billion by 2024


Request Sample of Report @ The U.S. micro LED display market is expected to witness a significant growth to reach over USD 7 billion by 2024. The growth is attributed to the increasing demand for electronic devices such as smartphones, tablets, and smartwatches. In 2017, the smartwatch sales in the U.S. accounted to approximately 12 million and is projected to increase further. The increasing usage of these components in wearable devices will increase the micro LED display market growth over the forecast timespan. – PowerPoint PPT presentation

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Title: Micro LED Display Market to cross USD 14 billion by 2024

Global Micro LED Display Market to hit 14bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Micro LED Display Market
  • Micro LED Display Market size is projected to
    surpass USD 250 million in 2018, and is set to
    exceed USD 14 billion by 2024 according to a new
    research report by Global Market Insights, Inc.
    The industry expects shipments of approximately 1
    million units by the end of 2018. Increasing
    demand for high-performance display solutions in
    advanced applications, such as wearable devices
    and automotive, will drive the micro LED display
    market growth. These energy-efficient devices
    potentially reduce the size of the wearable
    devices, thus encouraging the device
    manufacturers to adopt these components.
  • The manufacturers are increasingly investing in
    the technology development to enhance the
    functionality of these components, thus aiding
    the micro LED display market size. For instance,
    to produce these components, gallium nitride LED
    wafers are grown on sapphire substrates. However,
    some of the manufacturers are investing in
    research for developing gallium nitride on
    silicon technology to increase the uniformity in
    wavelength and lower the inspection costs. This
    will aid in the industry growth.

  • The lack of awareness and inadequate patents in
    the industry are expected to restrict the micro
    LED display market growth in the short-term.
    Inadequate patents in the industry will lead to
    the emergence of a large number of counterfeit
    products. Due to the newness of the technology
    and lack of standard procedures for manufacturing
    these components, the threat of the counterfeit
    products is low in the short-term but is expected
    to increase in the long-term.
  • Lack of cost-effective procedure for the mass
    production of these components is expected to be
    one of the major restraining factors in the
    market. Currently, the manufacturing process is
    only cost-effective for the small-size displays.
    However, the manufacturers are working
    incessantly to develop a methodology for the mass
    production of these devices in variable sizes.
  • The development of hybrid OLED technology is
    expected to hamper the industry growth. In
    February 2018, Samsung announced that it is
    developing a hybrid QD OLED technology for TV

UK micro LED display market size, by panel size,
2018 - 2024 (USD Million)


Browse Full Market Research Report On Micro LED
Display Market _at_ https//bit.ly/2zMODqu
Request for a Sample of this Research Report
_at_ https//bit.ly/2usgCXc
  • The technology, according to the company is
    highly efficient for mid-sized video panels such
    as TV screens. OLED micro display companies, such
    as eMagin, are also investing in research in this
    field. This will restrict the growth of the large
    micro LED display market.
  • Small panel size in micro LED display market is
    anticipated to grow rapidly to reach revenue
    share of over 30 by 2024 due to the surging
    demand for small devices such as smartphones,
    near-to-eye devices and smartwatches. These
    components have several advantages over currently
    used OLED technology such as high degree of
    luminance, powerful contrast, and low operating
  • Furthermore, these devices owing to their low
    power consumption run for longer a life-span as
    compared to the traditional components. This is
    encouraging the manufacturers of handheld devices
    to increasingly implement these components in the

  • The Asia Pacific micro LED display market is
    anticipated to ship over 250 thousand units in
    2018 grow due to the manufacturers of electronic
    devices rapidly switching to these components
    from the traditional LED or OLED components.
    Furthermore, the presence of a large number of
    electronic device manufacturers encourages the
    display manufacturers in the region to adopt
    newer versions of technology to remain
    competitive in the industry.
  • Germany micro LED display market growth will
    witness a surge over the forecast timespan due to
    the increasing usage of wearable devices in the
    country. The consumers are demanding
    technologically-advanced and visually-appealing
    gadgets as wearable devices.
  • Wearable device manufacturers are continuously
    innovating to develop the product according to
    the consumer requirements. Micro LED allow
    manufacturers to develop products, such as
    smartwatches, making them lightweight, compact,
    and energy-efficient.

Industry Coverage

  • Some of the major companies in the micro LED
    display market include Sony, Samsung Electronics,
    Apple, Inc., Epistar, Micro Mesa Technologies,
    Plassey Semiconductor Technology, VerLASE
    Technology, and Glo AB.
  • The industry is characterized by intense
    competition among the players for product
    development such as Apple and Sony. For instance,
    Leyard Optoelectronics launched a micro LED wall
    super small pitch of about P0.9.
  • The main application of these components is
    projected to be indoor surveillance displays,
    unlike Sony and Apple that are focusing on
    wearable devices applications.

Table OF Content
Chapter 1. Methodology and Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Definition and forecast
parameters Definitions
Assumptions, methodology forecast
parameters 1.2. Data Sources 1.2.1.
Primary 1.2.2. Secondary Chapter 2. Executive
Summary 2.1. Micro LED display industry 3600
synopsis, 2018 - 2024 2.1.1. Business
trends 2.1.2. Regional trends 2.1.3. Application
trends 2.1.4. Panel size trends
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