Micro-LED Market worth $21,169 million by 2027 - Exclusive Report by MarketsandMarkets™

CHICAGO, Dec. 14, 2021 /PRNewswire/ -- According to the new market research report "Micro-LED Market with Covid-19 Impact Analysis by Application (Display (Smartwatch, NTE Device, Smartphone and Tablet, Television, Digital Signage), Lighting (General, Automotive)), Display Panel Size, Vertical and Region - Global Forecast to 2027", published by MarketsandMarkets™, the Micro-LED market is estimated to be valued at USD 592 million in 2021 and reach USD 21,169 million by 2027; it is anticipated to grow at a CAGR of 81.5% during the forecast period. The major factors driving the growth of the micro-LED market are increase in demand for micro displays for NTE devices and increasing interest of electronic giants in micro-LED technology. However, several factors, such as requirement of huge investment in infrastructure, equipment, and process development can act as a key challenge in the market during the forecast period.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=119830236

Consumer Electronics vertical is expected to dominate in the micro-LED market during the forecast period

Consumer Electronics is expected to dominate in terms of market share during the forecast period. The market for consumer electronics has seen the emergence of large number start-ups, with high R&D investments. Such developments are likely to lead to significant growth of micro-LED market.

Near-to-Eye (NTE) devices expected to witness the highest CAGR in the micro-LED display market during the forecast period

The Near-to-Eye (NTE) devices is estimated to grow at the highest CAGR from 2021 to 2027 during the forecast period, as the growth of this segment can be attributed because there is high demand for AR/VR devices. Also, there is need of brighter and more power-efficient LED for NTE devices. Micro-LED serves this need and hence NTE devices application is projected to grow at the highest CAGR during the forecast period.

Aerospace and Defense vertical is expected to grow at the highest CAGR in 2027

Aerospace and Defense is expected to grow at the highest CAGR during the forecast period. The market for Aerospace and Defense has seen the emergence of large number start-ups, with high R&D investments. Such developments are likely to lead to significant growth of micro-LED market

Browse in-depth TOC on "Micro-LED Market"
110 – Tables
62 – Figures
205 – Pages

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=119830236

APAC is attributed to grow at the highest CAGR in micro-LED market during the forecast period (2021-2027)

APAC is expected to grow at the highest CAGR in the overall micro-LED market. The fastest growth of the APAC micro-LED market is expected to be driven by the increasing interest of electronic giants in APAC in adopting micro-LED technology. For instance, Samsung, one of the electronic giants, has commercialized few products into digital signage vertical. Samsung's "The Wall" is one of the premium product in micro:LED digital signage (advertising) vertical. Also, Sony has also launched few products using micro-LED technology in the market.

Apple (US), Sony (Japan), Samsung Electronics (South Korea), Oculus VR (US), X-Celeprint (Ireland) Epistar (Taiwan), Nanosys (US), and Aledia (EU) are among the key players in the micro-LED market.

Related Reports:                                                                                                                                             

Display Material Market by Technology (LCD, OLED), Component & Material (Substrate, Polarizer, Color Filter, Liquid Crystals, BLU, Emitter & Organic Layer, Encapsulation), Panel Type, Application (Smartphone, Television), Region - Global Forecast to 2023

OLED Market with COVID-19 Impact Analysis by Product Type (Smartphones, Television Sets, Smart Wearables, Large Format Displays), Panel Type, Panel Size, Technology, Vertical, and Geography - Global Forecast to 2026

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/micro-led-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/micro-led.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg