GaN Micro LED Market to Witness CAGR of ~43% Rise in Value Share During the Period 2019 - 2029 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

GaN Micro LED Market to Witness CAGR of ~43% Rise in Value Share During the Period 2019 - 2029

Description:

Future Market Insights (FMI), in its new study, predicts the worldwide sales of GaN micro-LED will increase ~33% year-over-year to reach ~US$ 197,000 in 2019, up from ~US$ 150,000 in 2018. – PowerPoint PPT presentation

Number of Views:3
Date added: 24 February 2020
Slides: 10
Provided by: Umesh213
Category: Other

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: GaN Micro LED Market to Witness CAGR of ~43% Rise in Value Share During the Period 2019 - 2029


1
GaN Micro-LED Market
  • February 2020

Report Id REP-GB-10289 Published On
August-2019 Category Electronics,
Semiconductors, and ICT
2
About Future Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
India. We combine our knowledge and learning from
every corner of the world to distill it to one
thing the perfect solution for our client.
Research Capabilities
Sector Coverage
  • Customized Research
  • Syndicated Research
  • Investment Research
  • Social Media Research

  • Automotive and Transportation
  • Electronics, Semiconductor, and ICT
  • Retail and Consumer Products
  • Industrial Automation and Equipment
  • Chemicals Materials
  • Food and Beverages
  • Services and Utilities
  • Energy, Mining, Oil, and Gas

Subscription Information

For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
PMR formulates a detailed discussion guide to conduct expert and industry interviews
PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts
PMR conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
PMR delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
GaN Micro-LED Market Analysis
  • GaN Micro LED Market to Record CAGR of 43 Rise
    in Growth by 2029
  • VALLEY COTTAGE, New York, /PRNewswire/ --Future
    Market Insights (FMI), in its new study, predicts
    the worldwide sales of GaN micro-LED will
    increase 33 year-over-year to reach US
    197,000 in 2019, up from US 150,000 in 2018.
  • GaN micro-LED has been in the research
    laboratories for years, and the launch of
    Samsung's Micro-LED displays, featuring
    self-emissive technology and modular
    capabilities, left consumers curious about the
    emerging technology. FMI report expects that GaN
    micro-LED will soon be a mass market proposition,
    as an array of millions of microscopic LEDs is
    set to replace incumbent technologies such as
    LCDs and OLEDs and penetrate major digital
    displays markets.
  • Despite their extremely high price tag and
    significant complexity in design, GaN micro LEDs
    are gradually finding acceptance in a wide range
    of applications, in the view of greater
    efficiency, improved brightness, and lower power
    consumption. As the war of innovation supremacy
    continues in the display markets, GaN micro-LED
    market players are putting greater emphasis on
    bringing the production challenges under control
    and costs down. 
  • FMI's analysis projects the sales of GaN
    micro-LED to ramp up at an impressive CAGR of
    43.5 during the period, 2019-2029, as the
    technology promises to offer better and brighter
    displays as well as lighting than the current
    solutions.

5
GaN Micro-LED Market Analysis
  • Sensing the application potential of GaN
    micro-LED in newer models of TVs, smartwatches,
    AR devices, and head-mounted systems such as
    Google Glass, stakeholders are making rigorous
    investments in RD and deepening their
    collaborations with technology solution
    providers.
  • Mid Power Micro-LEDs for Lighting Applications to
    Capture Robust Share
  • As indicated by the study, the consumption of
    mid-power GaN micro-LEDs, which accounted for
    75 share in 2018, will become a mainstream for
    lighting applications in the years ahead.
    However, significantly large percentage of the
    cost of mid power micro-LEDs goes to packaging,
    thereby limiting the advantage of lowering its
    overall costs. On the hand, demand for low power
    micro-LEDs is likely to garner significant
    traction in the future, in the view of
    maintaining full brightness without the loss of
    noticeable display brightness over the entire
    illumination time.
  • Greater demand for GaN micro-LED displays will
    continue to influence the growth strategies,
    accounting for 79 share in 2018. As identified
    by the FMI analyst, gains will remain driven by
    growing demand for visual aspects in modern-day
    devices, increasing need for high luminance in
    small format for near-to-eye display devices, and
    the demand for high resolution and efficient
    luminance in battery-powered consumer
    electronics.
  • Market Gains Underpinned by Greater Innovations
    in Sports Entertainment Space

6
GaN Micro-LED Market Analysis
  • In recent years, high application potential of
    GaN micro-LEDs has been identified sports
    entertainment space, on the account of a spike in
    number of video-streaming services, rapid
    innovation in television to enhance the viewing
    experience, and increased penetration of
    new-generation video-gaming products and
    accessories, says the report.
  • While consumer electronics are likely to account
    for major share of the manufacturers' bottom
    lines, capitalizing on ever-expanding sports
    entertainment space will remain a key focus area
    of the market players. On the one hand,
    consumption of GaN micro-LEDs by the automotive
    industry will increase 39 y-o-y in 2019, backed
    by the emergence of 'in-car ambience' and
    'auto-infotainment' trends leading to innovations
    in automotive displays units as well as interior
    automotive lighting.
  • North America in the Vanguard, APEJ to Outdo
    European Market
  • Accounting for 26 share in 2018, North America
    is anticipated to remain at the forefront of GaN
    micro-LED market. According to the study,
    European market is likely to lose its second
    position to Asia Pacific in the foreseeable
    future, as many players in the latter region are
    constantly demonstrating their progress and
    latest breakthroughs in the GaN micro-LED
    technology.
  • Unprecedented evolution in number of industry
    verticals has pushed stakeholders to redefine
    their growth strategies to retain and attract new
    segment of customers. In addition to focusing
    entirely on the new technology while ceasing the
    launch of conventional solutions, stakeholders
    are centered on collaborating with research
    institutes to synchronize their advances.

7
GaN Micro-LED Market Analysis
  • Press-Release Source - https//www.prnewswire.com/
    news-releases/gan-micro-led-market-will-be-increas
    ing-at-a-cagr-of-43-during-the-period-of-forecast-
    for-2019-to-2029--future-market-insights-300907478
    .html
  • More Related Press-Release -
  • Oracle Services Market is Expected to Grow at a
    CAGR of 15.2 During the Forecast Period of 2019
    to 2029
  • Salesforce Services Market is Expected to Grow at
    a CAGR of Approximately 14 During the Forecast
    Period of 2019 to 2029
  • Mobile CRM Market is Expected to Grow at an
    Approximate CAGR of 13 Over 2019 to 2029
  • About Us
  • Future Market Insights (FMI) is a leading market
    intelligence and consulting firm. We deliver
    syndicated research reports, custom research
    reports and consulting services which are
    personalized in nature. FMI delivers a complete
    packaged solution, which combines current market
    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
    market trends.

8
GaN Micro-LED Market Analysis
  • Contact Us Mr. Abhishek Budholiya 616 Corporate
    Way, Suite 2-9018 Valley Cottage, NY 10989 United
    States T 1-347-918-3531 F 1-845-579-5705 T
    (UK) 44(0)20-7692-8790 Sales sales_at_futuremarket
    insights.com

9
To know more about us, please visit our website
www.futuremarketinsights.com For sales queries
or new topics email us on sales_at_futuremarketinsi
ghts.com For media queries, contact the press
office at press_at_futuremarketinsights.com For
other queries contact Hari. T (Sr. Manager -
Global Business Development) Future Market
Insights 3rd Floor, 207 Regent Street, London
W1B 3HH T 44 20 7692 8790 D 44 20 3287
4268 Email hari.t_at_futuremarketinsights.com
Thank You
Future Market Insights Global Consulting
Private Limited (FMI)
About PowerShow.com