Micro-LED Display Market Overview
Globally, the size of the micro-LED
Display market is set to grow at a CAGR of 81.5% from a value of USD 592
Million in 2020 to hit USD 21,169 Million by 2027 driven by Increasing Demand
for Brighter and more Power-Efficient Display Panels for Consumers Electronic
Devices. According to analysts, companies focusing on cost-effective &
high-quality display components as well as emerging technologies will drive the
market growth during the forecast period. The micro-LED display market research
report offers a comprehensive analysis of the global micro-LED display market
and its panel size, region, vertical, and application segments. The need for
improving micro-led production along with mass transfer processes are the
elements that could influence the micro-LED display market advancement
throughout the forecast period. The micro-LED display market research report by
expert analysts is developed to assist organizations in the micro-LED display
market.
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Industry News
The 2021 range of Neo QLEDs, MICRO LEDs and
Lifestyle TV displays was recently unveiled by Samsung Electronics Co., Ltd.
during its first virtual First Look event before CES 2021. The new line
emphasizes Samsung's dedication to connectivity, sustainable development and creativity,
through new progress that helps redefine the role of TV in consumer households.
Accessibility features in Samsung 2021 – now available on all QLED and Neo QLED
2021 versions – bring up to date technical and artificial intelligence (AI)
developments to make more people enjoy their TV experience comfortable.
Market Segmentation
The global micro-LED display market has
been segmented based on panel size, region, vertical, and application. On the
basis of panel size, the market for micro-LED display is segmented based on
large panel, small and medium-sized panel, and microdisplay. Additionally, the
market on the basis of vertical, is segmented into aerospace & defense,
automotive, entertainment & advertisement, consumer electronics, and
others. The global market for micro-LED display is also covered based on the
application segment which is further split into digital signage, head-up
display, laptop, monitor, NTE devices, smartphone and tablet, television, and
smartwatch.
Major elements such as low yield could obstruct the micro-LED display market growth. However, according to the micro-LED display market research report, growing preference of consumers towards micro-LED display along with high-end products entering the market will propel growth throughout the forecast period. The micro-LED display market is set to register growth at a high CAGR owing to these key factors. The exploration of panel size, region, vertical, and application segments along with regional markets has been given in the global micro-LED display market research report. The research analysts studying the micro-LED display market have put out market forecasts in the micro-LED display market research report in order to support micro-LED display market-based companies. The micro-LED display market research report provides an extensive understanding of the micro-LED display market based on the information and forecasts till 2023.
Regional Overview
North America, Europe, Asia Pacific and the
rest of the world regional market for micro-LED display are predominantly
covered in the global micro-LED display market research report. Country-level
micro-LED display markets spread across North America – the United States,
Canada, and Mexico are also covered in the report. In South America – Brazil and
other country-level micro-LED display markets are covered in the report. In
Asia-Pacific (APAC) region, the country-level micro-LED display markets covered
are Japan, India, China, and others. The micro-LED display market research
report also explores the regional market for micro-LED display present in
Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The
micro-LED display market research report also covers regional markets from the
rest of the world alongside micro-LED display markets of Africa and the Middle
East.
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Competitive Landscape
Increasing demand for electronic devices
and the use of micro-LED in wearables are presumed to drive the micro-LED
display market growth worldwide. The global micro-LED display market could be
challenged by high cost, nevertheless, organizations in the micro-LED display
market will carry the growth rate forward. The micro-LED display market
research report presents company profiles of major companies active in the
micro-LED display market globally. Furthermore, the global micro-LED display
market report offers an all-inclusive analysis of the market collected from the
micro-LED display market’s primary and secondary sources covering both decision
makers and thought leaders. The micro-LED display market research report
highlights such key areas assisting businesses operating in the micro-LED
display market to build better growth strategies.
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