DublinAnd the November 29, 2022 /PRNewswire/ – “Micro LED Market – Forecasts 2022 to 2027” report has been added to ResearchAndMarkets.com Show.
Micro-LED is an emerging display technology that aims to provide a flat panel display with a wide viewing angle, fast response time, and a simultaneous reduction in power consumption compared to existing technologies. Micro-LED provides a better display and higher brightness than LCD, OLED, and other existing technologies.
This is expected to increase its popularity and application in devices such as TVs, smart watches, tablets, laptops, computers, and more. Micro-LED consumes less energy than other technologies, which is expected to increase demand for it. Also, as disposable income rises and people’s living standards change, the demand for digital products is expected to increase over the years. With scaling improvement in devices such as smartphones, laptops, smartwatches, TVs, etc., the demand for technologies like micro-LED stands in a favorable position.
One of the main obstacles to this market is the high cost of investment and the high price of the product, which not only affects the entry of new companies in this field, but can also hinder customer demand due to the high price associated with the product. Apart from that, the existing technologies are expected to be a major competition, especially in terms of affordability in the market, thus affecting its growth.
The demand for display options is high
With the high rates of development and urbanization around the world, factors such as disposable income and standards of living are affected. Over the years, trends show that people have increased their demand for high-tech products to adapt to automation and technological advances and at the same time achieve better results for their businesses. Therefore, the ever-increasing demand and our growing reliance on high-display digital products such as smart watches, TVs, laptops, etc., along with better display results from LCD and OLED displays, are expected to drive the demand for micro LEDs in the coming years.
Low power consumption by small LED lights
The main advantage of micro LED products is that they consume less energy than other current technologies, which is expected to give a significant market share to this market in the coming years. This is due to the micro-LED’s color and backlight filters, and with advances in this advanced technology, it is expected that the number of polarizer filters in it will be halved, which can reduce its power consumption.
North Amarica You are expected to own a large stake
On the basis of geographic segmentation, the Micro LED market is segmented into: North AmaricaAnd the South americaAnd the Asia PacificThe The Middle East And the AfricaAnd the Europe. who are they, North Amarica It is expected to hold a large share of the market due to various factors such as widespread adoption of technological advancement in the region, high disposable income of the people, which can fuel the demand for expensive technologies like micro-LED, growing demand for smart watches, smartphones, etc. For example, Apple Inc. , an American company, is expanding its expertise in micro-LED and may soon launch some products within the field. In 2020, the company has been looking forward to investing 330 million dollars In a Taiwanese factory that manufactures LED and micro-LED displays for future iPhones, iPads, MacBooks, and other devices. Apart from that, there are already major companies operating under the micro-LED technology here like VueReal etc. which gives a huge advantage to the area.
Apart from this APAC region, it is expected to grow at the highest rate due to increasing digital transformation accompanied by the presence of major players such as Epistar Corporation, Sony Corporation, Samsung Electronics, etc., in the region.
By product type
- Smartphone and tablet
- PC and laptop
- smart watch
By industry vertical
- Electronics consumers
- the cars
- government and defence
According to the display size
- micro plate
- Small and medium plate
- big plate
Depending on the application
- North Amarica
- United States of America
- South america
- United kingdom
- The Middle East And the Africa
- The United Arab Emirates
- South Africa
- Kingdom Saudi Arabia
- Asia Pacific
- South Korea
Main topics covered:
2. Research methodology
3. Executive summary
4. Market dynamics
5. MICRO-LED MARKET ANALYSIS, depending on the type of product
6. MICRO-LED MARKET ANALYSIS, BY INDUSTRY VERTICALLY
7. MICRO-LED MARKET ANALYSIS, according to display size
8. MICRO-LED MARKET ANALYSIS, BY APP
9. MICRO-LED MARKET ANALYSIS, BY GEOGRAPHY
10. Competitive environment and analysis
11. Company profiles
- Samsung Electronics Co., Ltd.
- LG Electronics, Inc.
- Play Nitride Corporation
- Sony Group Corporation
- X-Celebration Limited
- Innolux Corporation
- Epistar Corporation
- VueReal Inc
For more information on this report, visit https://www.researchandmarkets.com/r/owis34
Research and markets
Laura Woodmentor manager
For EST office hours, call +1-917-300-0470
For US/Canada, call toll-free at +1-800-526-8630
For GMT office hours, call +353-1-416-8900
US fax: 646-607-1907
Fax (outside the US): +353-1-481-1716
SOURCE Research and Markets