Micro Light Emitting Diode Market

Micro-LED, also known as microLED, mLED or ?LED, is an emerging flat panel display technology. Micro-LED displays consist of arrays of microscopic LEDs forming the individual pixel elements. When compared to the widespread LCD technology, Micro-LED displays offer better contrast, response times, and energy efficiency.

Along with OLEDs, Micro-LED are primarily aimed at small, low-energy devices such as smartwatches and smartphones. OLED and Micro-LED both offer greatly reduced energy requirements compared to conventional LCD systems. Unlike OLED, Micro-LED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.

Micro-LEDs are still too expensive and not ready for mass production yet-even after years of R&D.

Micro Light Emitting Diode Market contains market size and forecasts of Micro Light Emitting Diode (LED) in global, including the following market information:

Global Micro Light Emitting Diode (LED) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Micro Light Emitting Diode (LED) Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Micro Light Emitting Diode (LED) companies in 2021 (%)

The global Micro Light Emitting Diode (LED) market was valued at 977.5 million in 2021 and is projected to reach US$ 8656.1 million by 2028, at a CAGR of 36.6% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Small Sized Panels Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Micro Light Emitting Diode (LED) include Samsung Electronics, Apple, Sony, Jbd and Lumens, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Micro Light Emitting Diode (LED) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Micro Light Emitting Diode (LED) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Micro Light Emitting Diode (LED) Market Segment Percentages, by Type, 2021 (%)

Small Sized Panels

Medium Sized Panels

Large Size Panels

Global Micro Light Emitting Diode (LED) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Micro Light Emitting Diode (LED) Market Segment Percentages, by Application, 2021 (%)

Cellphone

Wearable Watch Device

AR/VR

TV

Others

Global Micro Light Emitting Diode (LED) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Micro Light Emitting Diode (LED) Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Micro Light Emitting Diode (LED) revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Micro Light Emitting Diode (LED) revenues share in global market, 2021 (%)

Key companies Micro Light Emitting Diode (LED) sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Micro Light Emitting Diode (LED) sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Samsung Electronics

Apple

Sony

Jbd

Lumens