Micro-LED Display Market_PR2

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Micro-LED Display Market

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Micro-LED Display Market Forecast 2023 P a g e | 3 Copyright © 2017 Market Research Future. Summary Market Research Future MRFR announces the publication of its half-cooked research report micro- LED display market 2018 –2023 According to Market Research Future the market for Micro-LED Display Market is segmented on the basis of application panel type vertical and region. The increasing digital signage applications integrated with micro-LED components is expected to enhance the growth of this market during the forecast period. Most of the manufacturers are continuously investing in the RD to enhance the functionality of electronic components thereby boosting the growth of micro LED display market. Moreover growing trend of miniaturization of electronics such as mobile phones smart watches among others is encouraging manufacturers to adopt micro-LED component. However the cost of micro-LED display is high as compared to OLEDs which in turn is hampering the growth of this market. The micro-LED display market is in its nascent stage and thus lacks standardization in manufacturing procedures. In july 2018 Samsung announced that it is ready for mass production of micro-LED displays for both commercial and home entertainment use. The Samsung micro-LED display uses flip-chip bonding technology which interconnects semiconductor devices like integrated circuit chips to external circuitry.

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Micro-LED Display Market Forecast 2023 P a g e | 4 Copyright © 2017 Market Research Future. Key Players The prominent players in the micro-LED display market are Apple Inc. LuxVue US Oculus VR InfiniLED US LG Electronics Inc. South Korea Sony Corporation Japan Samsung South Korea X-Celeprint Ireland Epistar Corporation Taiwan GLO AB Sweden VerLASE Technologies US JBD China and Aledia France among others.

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Micro-LED Display Market Forecast 2023 P a g e | 5 Copyright © 2017 Market Research Future. Segmentation: On the basis of application the market is segmented into smartwatch NTE devices television head- up display smartphone tablet monitor laptop and digital signage. Among these NTE devices is expected to be the fastest growing segment as NTE devices require high resolution and brightness to match the real-world visibility. Moreover fast response time of micro-LED displays is encouraging NTE device manufacturers to adopt micro-LED displays. Based on panel type the market is segmented into microdisplay small- and medium-sized panel and large panel. Among these small and medium-sized panel is expected to show highest growth in terms of share during the forecast period. Small sized panel helps to reduce the size of the device and thus has application in smartwatches smartphones and near-to-eye devices. Large panel segment is dominating the market as micro-LED is being increasing used in digital signages. On the basis of vertical the market is segmented into consumer electronics entertainment advertisement automotive aerospace defense and others. Among these consumer electronics segment is dominating the market as micro-LED display is increasingly used in electronic devices such as smartphones smartwatches smart TVs NTE devices among others.

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Micro-LED Display Market Forecast 2023 P a g e | 6 Copyright © 2017 Market Research Future. Regional Analysis: The global market for micro-LED display is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of micro-LED display market is done across North America Europe Asia-Pacific and the rest of the world. Asia-Pacific is expected to be the fastest growing region owing to the presence of major display panel and consumer-electronics manufacturers in this region especially in the countries such as China Japan and South Korea. Moreover the increasing investments of multinational companies in developing their manufacturing facilities in the Asia-Pacific region driving the growth of this market. Also high demand of smart electronic devices from countries like India is further fueling the growth of this market. North America followed by Europe is dominating the micro-LED display market. Increasing demand of micro-LED enabled wearables in the countries such US is fueling the growth of this market.