According to Verified Market Intelligence, The Global Micro-LED Market was valued at USD 0.2 Billion in 2017 and is projected to reach USD 18.2 billion by 2025, growing at a CAGR of 76.4% from 2018 to 2025.
What is Micro-LED?
Micro – LED also known as µLED is a developing display technology. The technology involves microscopic LED’s that in combination form individual pixels. This technology, especially when compared to the more traditional as well as widespread LCD technology is much better in terms of contrast, energy efficiency as well as response time. Applications of micro-LED include lighting as well as display. The industries that the Micro-LED Market can be implemented are Aerospace & Defense, Automotive, Consumer Electronics, and Advertisement.
There are several advantages of the Micro-LED Market such as the increase in the quality of the display when using micro-LED technology in comparison to traditional display systems, the energy efficiency that the technology provides as well as the increase in the brightness of the display. These factors are driving the Micro-LED Market. Factors such as the lack of awareness among the consumers as well as the lack of availability of the technology in comparison to more well-known technology (such as LCD) is restraining the market.
Global Micro-LED Market Competitive Landscape
The “Global Micro-LED Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Sony, X-Celeprint, Apple (Luxvue), JBD Inc., Epistar, Samsung Electronics, Verlase Technologies, Aledia, Oculus VR (Infiniled) and Glo AB. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
Global Micro-LED Market Segmentation, by Application
Global Micro-LED Market Segmentation, by Panel Size
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