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MICRO-LED MARKET ANALYSIS

Micro-LED Market, by Panel Size (Micro-display, Small and Medium-sized Panel, and Large Panel), by Application (Display (Near-to-Eye (NTE) Device, Smartphone and Tablet, Smart Watch, Head-up Display (HUD), Laptop and Monitor, Television, and Digital Signage), Lighting (Automotive Lighting and General Lighting), by Vertical (Automotive, Advertising, Consumer Electronics, Aerospace & Defense, and Others) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Market Challenges And Opportunities

Factors Driving Growth of the Global Micro-LED Market:

Increasing demand for low energy and small devices such as smartphones and smart watches is propelling the growth of micro-LED market. Rising number of smartphone users across the world is expected to fuel the market growth during the forecast period. For instance, according to the Australian Communications and Media Authority, in May 2012, the number of smartphone owners in Australia were 8.67 million, an increase by 104% from 2018.

Furthermore, increasing demand for OLED (Organic Light Emitting Diodes), a flat light emitting technology, is one of the factors restraining the growth of global micro-LED market.

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