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Global Micro Light Emitting Diode (LED) Market Research Report 2024
Synopsis
Micro-LED, also known as microLED, mLED or µLED, 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.
The global Micro Light Emitting Diode (LED) market was valued at US$ 950 million in 2023 and is anticipated to reach US$ 9362 million by 2030, witnessing a CAGR of 38.2% during the forecast period 2024-2030.
Samsung and Apple have been pushing Micro LED technology, which makes the industry look forward to its development prospects, many companies have entered. For example: Plessey Semiconductors, AU Optronics, LG Display, Lumiode, etc. At present, Samsung technology is relatively leading.
Asia-Pacific is the largest consumption place, with a consumption market share nearly 52% in 2019. Following Asia-Pacific, North America is the second largest consumption place with the consumption market share of 44%.
Nowadays, there are five mainly applications of Micro-LED, including Cellphone, Wearable Watch Device, AR/VR, TV and Others. And Cellphone is the main application for Micro-LED, with 59% of global sales volume.
This report aims to provide a comprehensive presentation of the global market for Micro Light Emitting Diode (LED), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Micro Light Emitting Diode (LED).
Report Scope
The Micro Light Emitting Diode (LED) market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Micro Light Emitting Diode (LED) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Micro Light Emitting Diode (LED) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Samsung Electronics
Apple
Sony
Jbd
Lumens
Segment by Type
Small Sized Panels
Medium Sized Panels
Large Size Panels
Segment by Application
Cellphone
Wearable Watch Device
AR/VR
TV
Others
Production by Region
North America
Southeast Asia
Japan
China
China Taiwan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Micro Light Emitting Diode (LED) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Micro Light Emitting Diode (LED) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Micro Light Emitting Diode (LED) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Micro-LED, also known as microLED, mLED or µLED, 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.
The global Micro Light Emitting Diode (LED) market was valued at US$ 950 million in 2023 and is anticipated to reach US$ 9362 million by 2030, witnessing a CAGR of 38.2% during the forecast period 2024-2030.
Samsung and Apple have been pushing Micro LED technology, which makes the industry look forward to its development prospects, many companies have entered. For example: Plessey Semiconductors, AU Optronics, LG Display, Lumiode, etc. At present, Samsung technology is relatively leading.
Asia-Pacific is the largest consumption place, with a consumption market share nearly 52% in 2019. Following Asia-Pacific, North America is the second largest consumption place with the consumption market share of 44%.
Nowadays, there are five mainly applications of Micro-LED, including Cellphone, Wearable Watch Device, AR/VR, TV and Others. And Cellphone is the main application for Micro-LED, with 59% of global sales volume.
This report aims to provide a comprehensive presentation of the global market for Micro Light Emitting Diode (LED), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Micro Light Emitting Diode (LED).
Report Scope
The Micro Light Emitting Diode (LED) market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Micro Light Emitting Diode (LED) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Micro Light Emitting Diode (LED) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Samsung Electronics
Apple
Sony
Jbd
Lumens
Segment by Type
Small Sized Panels
Medium Sized Panels
Large Size Panels
Segment by Application
Cellphone
Wearable Watch Device
AR/VR
TV
Others
Production by Region
North America
Southeast Asia
Japan
China
China Taiwan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Micro Light Emitting Diode (LED) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Micro Light Emitting Diode (LED) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Micro Light Emitting Diode (LED) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Micro Light Emitting Diode (LED) Market Overview
1.1 Product Definition
1.2 Micro Light Emitting Diode (LED) Segment by Type
1.2.1 Global Micro Light Emitting Diode (LED) Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Small Sized Panels
1.2.3 Medium Sized Panels
1.2.4 Large Size Panels
1.3 Micro Light Emitting Diode (LED) Segment by Application
1.3.1 Global Micro Light Emitting Diode (LED) Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Cellphone
1.3.3 Wearable Watch Device
1.3.4 AR/VR
1.3.5 TV
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Micro Light Emitting Diode (LED) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Micro Light Emitting Diode (LED) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Micro Light Emitting Diode (LED) Production Estimates and Forecasts (2019-2030)
1.4.4 Global Micro Light Emitting Diode (LED) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Micro Light Emitting Diode (LED) Production Market Share by Manufacturers (2019-2024)
2.2 Global Micro Light Emitting Diode (LED) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Micro Light Emitting Diode (LED), Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Micro Light Emitting Diode (LED) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Micro Light Emitting Diode (LED) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Micro Light Emitting Diode (LED), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Micro Light Emitting Diode (LED), Product Offered and Application
2.8 Global Key Manufacturers of Micro Light Emitting Diode (LED), Date of Enter into This Industry
2.9 Micro Light Emitting Diode (LED) Market Competitive Situation and Trends
2.9.1 Micro Light Emitting Diode (LED) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Micro Light Emitting Diode (LED) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Micro Light Emitting Diode (LED) Production by Region
3.1 Global Micro Light Emitting Diode (LED) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Micro Light Emitting Diode (LED) Production Value by Region (2019-2030)
3.2.1 Global Micro Light Emitting Diode (LED) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Micro Light Emitting Diode (LED) by Region (2025-2030)
3.3 Global Micro Light Emitting Diode (LED) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Micro Light Emitting Diode (LED) Production by Region (2019-2030)
3.4.1 Global Micro Light Emitting Diode (LED) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Micro Light Emitting Diode (LED) by Region (2025-2030)
3.5 Global Micro Light Emitting Diode (LED) Market Price Analysis by Region (2019-2024)
3.6 Global Micro Light Emitting Diode (LED) Production and Value, Year-over-Year Growth
3.6.1 North America Micro Light Emitting Diode (LED) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Southeast Asia Micro Light Emitting Diode (LED) Production Value Estimates and Forecasts (2019-2030)
3.6.3 Japan Micro Light Emitting Diode (LED) Production Value Estimates and Forecasts (2019-2030)
3.6.4 China Micro Light Emitting Diode (LED) Production Value Estimates and Forecasts (2019-2030)
3.6.5 China Taiwan Micro Light Emitting Diode (LED) Production Value Estimates and Forecasts (2019-2030)
3.6.6 South Korea Micro Light Emitting Diode (LED) Production Value Estimates and Forecasts (2019-2030)
4 Micro Light Emitting Diode (LED) Consumption by Region
4.1 Global Micro Light Emitting Diode (LED) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Micro Light Emitting Diode (LED) Consumption by Region (2019-2030)
4.2.1 Global Micro Light Emitting Diode (LED) Consumption by Region (2019-2024)
4.2.2 Global Micro Light Emitting Diode (LED) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Micro Light Emitting Diode (LED) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Micro Light Emitting Diode (LED) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Micro Light Emitting Diode (LED) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Micro Light Emitting Diode (LED) Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Micro Light Emitting Diode (LED) Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Micro Light Emitting Diode (LED) Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Micro Light Emitting Diode (LED) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Micro Light Emitting Diode (LED) Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Micro Light Emitting Diode (LED) Production by Type (2019-2030)
5.1.1 Global Micro Light Emitting Diode (LED) Production by Type (2019-2024)
5.1.2 Global Micro Light Emitting Diode (LED) Production by Type (2025-2030)
5.1.3 Global Micro Light Emitting Diode (LED) Production Market Share by Type (2019-2030)
5.2 Global Micro Light Emitting Diode (LED) Production Value by Type (2019-2030)
5.2.1 Global Micro Light Emitting Diode (LED) Production Value by Type (2019-2024)
5.2.2 Global Micro Light Emitting Diode (LED) Production Value by Type (2025-2030)
5.2.3 Global Micro Light Emitting Diode (LED) Production Value Market Share by Type (2019-2030)
5.3 Global Micro Light Emitting Diode (LED) Price by Type (2019-2030)
6 Segment by Application
6.1 Global Micro Light Emitting Diode (LED) Production by Application (2019-2030)
6.1.1 Global Micro Light Emitting Diode (LED) Production by Application (2019-2024)
6.1.2 Global Micro Light Emitting Diode (LED) Production by Application (2025-2030)
6.1.3 Global Micro Light Emitting Diode (LED) Production Market Share by Application (2019-2030)
6.2 Global Micro Light Emitting Diode (LED) Production Value by Application (2019-2030)
6.2.1 Global Micro Light Emitting Diode (LED) Production Value by Application (2019-2024)
6.2.2 Global Micro Light Emitting Diode (LED) Production Value by Application (2025-2030)
6.2.3 Global Micro Light Emitting Diode (LED) Production Value Market Share by Application (2019-2030)
6.3 Global Micro Light Emitting Diode (LED) Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Samsung Electronics
7.1.1 Samsung Electronics Micro Light Emitting Diode (LED) Corporation Information
7.1.2 Samsung Electronics Micro Light Emitting Diode (LED) Product Portfolio
7.1.3 Samsung Electronics Micro Light Emitting Diode (LED) Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Samsung Electronics Main Business and Markets Served
7.1.5 Samsung Electronics Recent Developments/Updates
7.2 Apple
7.2.1 Apple Micro Light Emitting Diode (LED) Corporation Information
7.2.2 Apple Micro Light Emitting Diode (LED) Product Portfolio
7.2.3 Apple Micro Light Emitting Diode (LED) Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Apple Main Business and Markets Served
7.2.5 Apple Recent Developments/Updates
7.3 Sony
7.3.1 Sony Micro Light Emitting Diode (LED) Corporation Information
7.3.2 Sony Micro Light Emitting Diode (LED) Product Portfolio
7.3.3 Sony Micro Light Emitting Diode (LED) Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Sony Main Business and Markets Served
7.3.5 Sony Recent Developments/Updates
7.4 Jbd
7.4.1 Jbd Micro Light Emitting Diode (LED) Corporation Information
7.4.2 Jbd Micro Light Emitting Diode (LED) Product Portfolio
7.4.3 Jbd Micro Light Emitting Diode (LED) Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Jbd Main Business and Markets Served
7.4.5 Jbd Recent Developments/Updates
7.5 Lumens
7.5.1 Lumens Micro Light Emitting Diode (LED) Corporation Information
7.5.2 Lumens Micro Light Emitting Diode (LED) Product Portfolio
7.5.3 Lumens Micro Light Emitting Diode (LED) Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Lumens Main Business and Markets Served
7.5.5 Lumens Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Micro Light Emitting Diode (LED) Industry Chain Analysis
8.2 Micro Light Emitting Diode (LED) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Micro Light Emitting Diode (LED) Production Mode & Process
8.4 Micro Light Emitting Diode (LED) Sales and Marketing
8.4.1 Micro Light Emitting Diode (LED) Sales Channels
8.4.2 Micro Light Emitting Diode (LED) Distributors
8.5 Micro Light Emitting Diode (LED) Customers
9 Micro Light Emitting Diode (LED) Market Dynamics
9.1 Micro Light Emitting Diode (LED) Industry Trends
9.2 Micro Light Emitting Diode (LED) Market Drivers
9.3 Micro Light Emitting Diode (LED) Market Challenges
9.4 Micro Light Emitting Diode (LED) Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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