Micro LED Display Market Size & Share 2018 - 2024

Market Size by Panel Size (Small [<10.5”], Medium [10.5”, 65”], Large [>65”]), by Application (AR Headsets, VR Headsets, HUD, Smartwatch, Smartphone, TV, Digital Signage, Tablet, Laptop), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast.
Report ID: GMI2713
   |
Published Date: July 2018
 | 
Report Format: PDF

Download Free PDF

Micro LED Display Market Size

Micro LED Display Market size exceeded USD 250 million in 2018 and is projected to grow at over 115% CAGR between 2018 and 2024. The rising demand for fine pitch panels is expected to propel the market growth.
 

The micro LED display panels are being increasingly used in applications, such as outdoor displays, for businesses due to their properties such as high-brightness, self-illumination, and vivid colors. These components provide high wavelength uniformity suitable for fine pitch panels.
 

Micro LED Display Market

The growing trend of miniaturization of electronics is encouraging the manufacturers to reduce the panel size used in several applications including handheld devices and near-to-eye displays. Furthermore, miniaturization between each pixel lowers the cost of displays as compared to the traditional components. These components are expected to be increasingly used in small electronic devices such as smartwatches and smartphones.
 

The micro LED display market is in the development phase and lacks well-established distribution channels, making it difficult for the manufacturers to switch from traditional components to technologically advanced components. Additionally, due to the newness and lack of awareness regarding the technology, there exists no patent portfolio. This hampers the industry growth in the short term but provides opportunities to the players in the long run.
 

 

Micro LED Display Market Analysis

The small micro LED display market is estimated to witness around 105% growth rate till 2024, on account of the increasing use in applications including smartwatches, smartphones, and near-to-eye devices. These components significantly lower the size of devices that allow their adoption in small electronics such as smartphones. These components have a response time of a few nanoseconds and are suitable for applications in smartwatches and AR/VR devices.
 

The large micro LED display market shipments will cross 35 million units by 2024 led by the growing use of the technology in the digital signages, particularly in indoor applications. In January 2018, Samsung announced the launch of its 146-inch micro LED modular panels. The size of these panels can be increased and decreased as per the requirement for outdoor and indoor public displays. The closer spacing of LEDs in these panels and the reduction in size allow high-resolution images and videos.
 

The micro LED display market will witness a considerable growth owing to increasing applications in near-to-eye devices such as AR and VR headsets which is predicted to reach USD 1.5 billion by 2024. The growing penetration of AR/VR technology in gaming, healthcare, and entertainment applications is creating opportunities for the compact and small-sized panels with high brightness and low costs. AR and VR devices require components with high restrictions on their size and weight to attain user satisfaction. These components also provide the required amount of brightness and contrast ratio for near-to-eye devices.
 

The smartwatches application will showcase growth of around 100% through 2024. Several technology giants, such as Apple, Inc., are investing in the technology to modify their near-to-eye devices. For instance, in April 2018, Apple announced the partnership with Taiwan Semiconductor to invest in R&D on micro LED panels for their smartwatches. These components provide lightweight and low-power alternatives to the traditional LED or OLED panels. However, the production costs of these components are set to be higher and are poised to be incorporated only in high-end Apple watches.
 

U.S. micro LED display market size is anticipated to surpass USD 7 billion by 2024 impelled by the rising demand for electronic devices such as smartphones, tablets, and smartwatches. In 2017, the smartwatch sales in the U.S. accounted to approximately 12 million and is projected to increase further. The increasing usage of these components in wearable devices will increase the market share.
 

Asia Pacific micro LED display market is slated to observe substantial growth during the forecast period propelled by increasing penetration of smartphones in the region. Moreover, the presence of several manufacturers in the region makes it cost-effective for the manufacturers to switch from the production of traditional displays to micro LED displays. Growing interest of electronic product manufacturers, such as Panasonic, LG, and Samsung, are encouraging the panel manufacturers in the region to invest in the development of facilities to produce these components.
 

Micro LED Display Market Share

The key players operating in the micro LED display market are

  • LG Display
  • Apple, Inc.
  • Samsung Electronics
  • Sony
  • Sharp Electronics
  • Epistar
  • Oculus VR
  • AU Optronics
  • X-Celeprint
  • JBD
  • VerLASE Technologies
  • Aledia

The newness of the industry is encouraging investments from innovators such as

  • ALLOS Semiconductors
  • Mikro Mesa Technologies
  • PlayNitride
  • Plessey Semiconductors
  • VueReal
  • Ostendo Technologies

Several research institutes such as

  • Changchun Institute, China
  • the Industrial Technology research Institute, Taiwan
  • CEA Leti
  • Fraunhofer-Gesellschaft
  • III-V Lab France

are undertaking R&D for the mass-production of these components. The global market is characterized by intense competition, thus leading to the acquisition of small players by the technology giants.

 

The micro LED display market research report includes an in-depth coverage of the industry with forecast in terms of revenue in USD and shipments in units from 2018 to 2024, for the following segments:

Market, By Panel Size

  • Small (<10.5”)
  • Medium (10.5” – 65”)
  • Large (>65”)

Market, By Application

  • AR headsets
  • VR headsets
  • HUD
  • Smartwatch
  • Smartphone
  • Digital signage
  • Tablet
  • Laptop & desktop

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Suraj Gujar, Ankita Chavan
Micro LED Display Market Scope
  • Micro LED Display Market Size
  • Micro LED Display Market Trends
  • Micro LED Display Market Analysis
  • Micro LED Display Market Share

Report Content

Chapter 1.   Methodology and Scope

1.1.  Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definition and forecast parameters

1.1.4.1.   Definitions

1.1.4.2.   Assumptions, methodology & forecast parameters

1.2.  Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2.   Executive Summary

2.1.  Micro LED display industry 3600 synopsis, 2018 - 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Application trends

2.1.4. Panel size trends

Chapter 3.   Micro LED Display Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2018 – 2024

3.2.1. Evolution of LED displays

3.2.2. LED industry landscape, 2013 – 2024

3.2.2.1.   North America

3.2.2.2.   Europe

3.2.2.3.   Asia Pacific

3.2.2.4.   Latin America

3.2.2.5.   MEA

3.2.3. AR/VR headsets industry landscape, 2013 – 2024

3.2.3.1.   North America

3.2.3.2.   Europe

3.2.3.3.   Asia Pacific

3.2.3.4.   Latin America

3.2.3.5.   MEA

3.2.4. Smartwatch industry landscape, 2013 – 2024

3.2.4.1.   North America

3.2.4.2.   Europe

3.2.4.3.   Asia Pacific

3.2.4.4.   Latin America

3.2.4.5.   MEA

3.2.5. Smartphone industry landscape, 2013 – 2024

3.2.5.1.   North America

3.2.5.2.   Europe

3.2.5.3.   Asia Pacific

3.2.5.4.   Latin America

3.2.5.5.   MEA

3.2.6. LED TV industry landscape, 2013 – 2024

3.2.6.1.   North America

3.2.6.2.   Europe

3.2.6.3.   Asia Pacific

3.2.6.4.   Latin America

3.2.6.5.   MEA

3.2.7. Digital signage industry landscape, 2013 – 2024

3.2.7.1.   North America

3.2.7.2.   Europe

3.2.7.3.   Asia Pacific

3.2.7.4.   Latin America

3.2.7.5.   MEA

3.3.  Industry ecosystem analysis

3.3.1. Raw material suppliers

3.3.2. Display manufacturers

3.3.3. Electronic device manufacturers

3.3.4. Service providers

3.3.5. Distributors

3.3.6. Vendor matrix

3.4.  Technology and innovation landscape

3.5.  Regulatory landscape

3.5.1. North America

3.5.2. Europe

3.5.3. Asia Pacific

3.5.4. Latin America

3.5.5. MEA

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.   Increasing demand for brighter and power-efficient displays for electronic devices

3.6.1.2.   Increasing penetration of near-to-eye devices in the U.S.

3.6.1.3.   Increasing usage of near-to-eye devices in healthcare and corporate sectors

3.6.1.4.   Adoption of advanced displays in HUD in automobile industry

3.6.1.5.   Growing penetration of technology in digital signage applications in Germany

3.6.1.6.   Increasing usage of wearable devices in France and Italy

3.6.1.7.   Increasing investment for technological advancements in Asia Pacific

3.6.1.8.   Penetration of smartphones in MEA

3.6.1.9.   Increasing use of AR/VR headsets in gaming in Latin America

3.6.2. Industry pitfalls & challenges

3.6.2.1.   High costs for mass production

3.6.2.2.   Lack of awareness among electronic component manufacturers

3.6.2.3.   Lack of standardization and patent registrations

3.6.2.4.   High costs required to manufactures large panel displays

3.7.  Growth potential analysis

3.8.  Porter's analysis

3.8.1. Supplier power

3.8.2. Buyer power

3.8.3. Threat of new entrants

3.8.4. Threat of substitutes

3.8.5. Internal rivalry

3.9.  Competitive landscape, 2018

3.9.1. Strategy dashboard

3.9.2. Investment landscape

3.10.      PESTEL analysis

Chapter 4.   Micro LED Display Market, By Application (Revenue, Shipment)

4.1.  Key trends in micro LED display market by application

4.2.  AR headsets

4.2.1. Market estimates and forecast, 2018 – 2024

4.3.  VR headsets

4.3.1. Market estimates and forecast, 2018 – 2024

4.4.  HUD

4.4.1. Market estimates and forecast, 2018 – 2024

4.5.  Smartwatch

4.5.1. Market estimates and forecast, 2018 – 2024

4.6.  Smartphone

4.6.1. Market estimates and forecast, 2018 – 2024

4.7.  TV

4.7.1. Market estimates and forecast, 2018 – 2024

4.8.  Digital signage

4.8.1. Market estimates and forecast, 2018 – 2024

4.9.  Tablet

4.9.1. Market estimates and forecast, 2018 – 2024

4.10.       Laptops & desktops

4.10.1. Market estimates and forecast, 2018 – 2024

Chapter 5.   Micro LED Display Market, By Panel Size (Revenue, Shipment)

5.1.  Key trends in micro LED display market display by panel size

5.2.  Small (less than 10.5”)

5.2.1. Market estimates and forecast, 2018 – 2024

5.3.  Medium (between 10.5” and 65”)

5.3.1. Market estimates and forecast, 2018 – 2024

5.4.  Large (more than 65”)

5.4.1. Market estimates and forecast, 2018 – 2024

Chapter 6.   Micro LED Display Market, By Region (Revenue, Shipment)

6.1.  Key trends in micro LED display market by region

6.2.  North America

6.2.1. Market estimates and forecast, 2018 – 2024

6.2.2. Market estimates and forecast by application, 2018 – 2024

6.2.3. Market estimates and forecast by panel size, 2018 – 2024

6.2.4. U.S.

6.2.4.1.   Market estimates and forecast, 2018 – 2024

6.2.4.2.   Market estimates and forecast by application, 2018 – 2024

6.2.4.3.   Market estimates and forecast by panel size, 2018 – 2024

6.2.5. Canada

6.2.5.1.   Market estimates and forecast, 2018 – 2024

6.2.5.2.   Market estimates and forecast by application, 2018 – 2024

6.2.5.3.   Market estimates and forecast by panel size, 2018 – 2024

6.3.  Europe

6.3.1. Market estimates and forecast, 2018 – 2024

6.3.2. Market estimates and forecast by application, 2018 – 2024

6.3.3. Market estimates and forecast by panel size, 2018 – 2024

6.3.4. Germany

6.3.4.1.   Market estimates and forecast, 2018 – 2024

6.3.4.2.   Market estimates and forecast by application, 2018 – 2024

6.3.4.3.   Market estimates and forecast by panel size, 2018 – 2024

6.3.5. UK

6.3.5.1.   Market estimates and forecast, 2018 – 2024

6.3.5.2.   Market estimates and forecast by application, 2018 – 2024

6.3.5.3.   Market estimates and forecast by panel size, 2018 – 2024

6.3.6. Italy

6.3.6.1.   Market estimates and forecast, 2018 – 2024

6.3.6.2.   Market estimates and forecast by application, 2018 – 2024

6.3.6.3.   Market estimates and forecast by panel size, 2018 – 2024

6.3.7. France

6.3.7.1.   Market estimates and forecast, 2018 – 2024

6.3.7.2.   Market estimates and forecast by application, 2018 – 2024

6.3.7.3.   Market estimates and forecast by panel size, 2018 – 2024

6.3.8. Russia

6.3.8.1.   Market estimates and forecast, 2018 – 2024

6.3.8.2.   Market estimates and forecast by application, 2018 – 2024

6.3.8.3.   Market estimates and forecast by panel size, 2018 – 2024

6.4.  Asia Pacific

6.4.1. Market estimates and forecast, 2018 – 2024

6.4.2. Market estimates and forecast by application, 2018 – 2024

6.4.3. Market estimates and forecast by panel size, 2018 – 2024

6.4.4. China

6.4.4.1.   Market estimates and forecast, 2018 – 2024

6.4.4.2.   Market estimates and forecast by application, 2018 – 2024

6.4.4.3.   Market estimates and forecast by panel size, 2018 – 2024

6.4.5. India

6.4.5.1.   Market estimates and forecast, 2018 – 2024

6.4.5.2.   Market estimates and forecast by application, 2018 – 2024

6.4.5.3.   Market estimates and forecast by panel size, 2018 – 2024

6.4.6. Japan

6.4.6.1.   Market estimates and forecast, 2018 – 2024

6.4.6.2.   Market estimates and forecast by application, 2018 – 2024

6.4.6.3.   Market estimates and forecast by panel size, 2018 – 2024

6.4.7. South Korea

6.4.7.1.   Market estimates and forecast, 2018 – 2024

6.4.7.2.   Market estimates and forecast by application, 2018 – 2024

6.4.7.3.   Market estimates and forecast by panel size, 2018 – 2024

6.4.8. Taiwan

6.4.8.1.   Market estimates and forecast, 2018 – 2024

6.4.8.2.   Market estimates and forecast by application, 2018 – 2024

6.4.8.3.   Market estimates and forecast by panel size, 2018 – 2024

6.4.9. Australia

6.4.9.1.   Market estimates and forecast, 2018 – 2024

6.4.9.2.   Market estimates and forecast by application, 2018 – 2024

6.4.9.3.   Market estimates and forecast by panel size, 2018 – 2024

6.5.  Latin America

6.5.1. Market estimates and forecast, 2018 – 2024

6.5.2. Market estimates and forecast by application, 2018 – 2024

6.5.3. Market estimates and forecast by panel size, 2018 – 2024

6.5.4. Brazil

6.5.4.1.   Market estimates and forecast, 2018 – 2024

6.5.4.2.   Market estimates and forecast by application, 2018 – 2024

6.5.4.3.   Market estimates and forecast by panel size, 2018 – 2024

6.5.5. Mexico

6.5.5.1.   Market estimates and forecast, 2018 – 2024

6.5.5.2.   Market estimates and forecast by application, 2018 – 2024

6.5.5.3.   Market estimates and forecast by panel size, 2018 – 2024

6.6.  Middle East & Africa (MEA)

6.6.1. Market estimates and forecast, 2018 – 2024

6.6.2. Market estimates and forecast by application, 2018 – 2024

6.6.3. Market estimates and forecast by panel size, 2018 – 2024

6.6.4. Saudi Arabia

6.6.4.1.   Market estimates and forecast, 2018 – 2024

6.6.4.2.   Market estimates and forecast by application, 2018 – 2024

6.6.4.3.   Market estimates and forecast by panel size, 2018 – 2024

6.6.5. UAE

6.6.5.1.   Market estimates and forecast, 2018 – 2024

6.6.5.2.   Market estimates and forecast by application, 2018 – 2024

6.6.5.3.   Market estimates and forecast by panel size, 2018 – 2024

6.6.6. South Africa

6.6.6.1.   Market estimates and forecast, 2018 – 2024

6.6.6.2.   Market estimates and forecast by application, 2018 – 2024

6.6.6.3.   Market estimates and forecast by panel size, 2018 – 2024

Chapter 7.   Company Profiles

7.1.  Apple, Inc.

7.1.1. Business overview

7.1.2. Financial data

7.1.3. Product landscape

7.1.4. Strategic outlook

7.1.5. SWOT analysis

7.2.  Cooledge

7.2.1. Business overview

7.2.2. Financial data

7.2.3. Product landscape

7.2.4. Strategic outlook

7.2.5. SWOT analysis

7.3.  Epistar

7.3.1. Business overview

7.3.2. Financial data

7.3.3. Product landscape

7.3.4. Strategic outlook

7.3.5. SWOT analysis

7.4.  Glo AB

7.4.1. Business overview

7.4.2. Financial data

7.4.3. Product landscape

7.4.4. Strategic outlook

7.4.5. SWOT analysis

7.5.  Lumens

7.5.1. Business overview

7.5.2. Financial data

7.5.3. Product landscape

7.5.4. Strategic outlook

7.5.5. SWOT analysis

7.6.  Mikro Mesa Technology

7.6.1. Business overview

7.6.2. Financial data

7.6.3. Product landscape

7.6.4. Strategic outlook

7.6.5. SWOT analysis

7.7.  Oculus VR

7.7.1. Business overview

7.7.2. Financial data

7.7.3. Product landscape

7.7.4. Strategic outlook

7.7.5. SWOT analysis

7.8.  Ostendo Technologies

7.8.1. Business overview

7.8.2. Financial data

7.8.3. Product landscape

7.8.4. Strategic outlook

7.8.5. SWOT analysis

7.9.  Plassey Semiconductors

7.9.1. Business overview

7.9.2. Financial data

7.9.3. Product landscape

7.9.4. Strategic outlook

7.9.5. SWOT analysis

7.10.       Samsung Electronics

7.10.1. Business overview

7.10.2.  Financial data

7.10.3.  Product landscape

7.10.4.  Strategic outlook

7.10.5.  SWOT analysis

7.11.       Sony

7.11.1. Business overview

7.11.2.  Financial data

7.11.3.  Product landscape

7.11.4.  Strategic outlook

7.11.5.  SWOT analysis

7.12.       Uiqarta

7.12.1. Business overview

7.12.2.  Financial data

7.12.3.  Product landscape

7.12.4.  Strategic outlook

7.12.5.  SWOT analysis

7.13.       VueReal Technologies

7.13.1. Business overview

7.13.2.  Financial data

7.13.3.  Product landscape

7.13.4.  Strategic outlook

7.13.5.  SWOT analysis

7.14.       X-Celeprint

7.14.1. Business overview

7.14.2.  Financial data

7.14.3.  Product landscape

7.14.4.  Strategic outlook

7.14.5.  SWOT analysis

 

Don't see your key competitors?

The companies listed in this report are a curated selection - not the full competitive universe.

Our market revenue calculations use a bottom-up methodology that accounts for all players across all regions - including manufacturers, distributors, and specialists not individually profiled. The profiles section spotlights strategically significant players; it does not define the scope of our market sizing.

Your competitive landscape may also include

Regional or domestic-only leaders not in the global top tier
Distributors and channel partners who control market access
Emerging disruptors, startups, or adjacent-industry entrants
Niche players focused on a specific application or end-use

Free customization - up to 20% of report value

Need specific data? Request customization and get the insights tailored to your exact requirements.

Authors: Suraj Gujar, Ankita Chavan

For inquiries regarding discounts, bulk purchases, or customization requests, please contact us at [email protected]

Explore our licensing options:

Starting at: $2,450

Premium Report Details

Base Year: 2018

Companies Profiled: 14

Tables and Figures: 226

Countries covered: 18

Pages: 270

Download Free PDF

img

Micro LED Display Market

Get a free sample of this report
country Flag
+1
img
Get a free sample of this report Micro LED Display Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Your personal details will remain secure and confidential

Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!