The global MicroLED market was valued at US$ 977.5 million in 2022 and is projected to reach US$ 1231.1 million by 2030, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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➣ Global MicroLED Market Overview
Micro-LED, also known as microLED, mLED or LED, is an emerging flat panel display technology. Micro-LED displays consist of arrays of microscopic LEDs forming the individual pixel elements. When compared to the widespread LCD technology, Micro-LED displays offer better contrast, response times, and energy efficiency.
MicroLED, which stands for Micro Light-Emitting Diode, represents a cutting-edge display technology that harnesses an array of microscopic light-emitting diodes (LEDs) to generate images and visuals. These tiny LEDs are considerably smaller than conventional ones, measuring just a few micrometers in size.
MicroLED displays present numerous advantages compared to other display technologies like LCD (Liquid Crystal Display) and OLED (Organic Light-Emitting Diode). They excel in brightness, contrast ratio, and color reproduction, resulting in exceptionally vivid and lifelike images. Moreover, MicroLED screens operate without the need for a backlight, making them highly energy-efficient and capable of achieving true blacks by individually controlling the light emission of each pixel.
Along with OLEDs, Micro-LED are primarily aimed at small, low-energy devices such as smartwatches and smartphones. OLED and Micro-LED both offer greatly reduced energy requirements compared to conventional LCD systems. Unlike OLED, Micro-LED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.
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➣ Market Growth
| Market size in 2022 | US$ 977.5 million | Forecast Market size by 2030 | US$ 1231.1 million |
| Growth Rate | CAGR of 3.3% | Number of Pages | 200+ Pages |
MicroLED Market aims to provide a comprehensive presentation of the global market for MicroLED, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding MicroLED. MicroLED Market contains market size and forecasts of MicroLED in global, including the following market information:
- Global MicroLED Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global MicroLED Market Sales, 2018-2023, 2024-2030, (K Units)
- Global top five MicroLED companies in 2022 (%)
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Japan is the largest Micro-LED market with about 39% market share. North America is follower, accounting for about 3% market share.
| Report Attributes | Report Details |
| Report Title | MicroLED Market Size, Emerging Trends, Technological Advancements, and Business Strategies 2025-2032 |
| Market Size In 2022 | US$ 977.5 million |
| Market Size By 2029 | US$ 1231.1 million |
| Growth Rate | CAGR of 3.3% |
| By Type |
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| By Manufacturing Technology |
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| By Application |
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| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2022 |
| Forecast Year | 2030 |
| Number of Pages | 100+ Pages |
| Customization Available | Yes, the report can be customized as per your requirements. |
➣ Total Market by Segment:
Global MicroLED Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global MicroLED Market Segment Percentages, by Type, 2022 (%)
- Small Sized Panels
- Medium Sized Panels
- Large Size Panels
Global MicroLED Market, by Display Resolution, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global MicroLED Market Segment Percentages, by Display Resolution, 2022 (%)
- High Definition (HD) MicroLED Displays
- 4K Ultra-High Definition (UHD) MicroLED Displays
- 8K Ultra-High Definition (UHD) MicroLED Displays
Global MicroLED Market, by Manufacturing Technology, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global MicroLED Market Segment Percentages, by Manufacturing Technology, 2022 (%)
- Inorganic LED-Based MicroLED Displays
- Organic LED-Based MicroLED Displays
- Quantum Dot LED-Based MicroLED Displays
Global MicroLED Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global MicroLED Market Segment Percentages, by Application, 2022 (%)
- Cellphone
- Wearable Watch Device
- AR/VR
- TV
- Others
Global MicroLED Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global MicroLED Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
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➣ About Semiconductor Insight:
Semiconductor Insight was founded in 2016 and focuses on offering thorough research and analysis of the semiconductor industry to help companies make informed decisions in this fast-paced, dynamic field. We have always been dedicated to providing comprehensive semiconductor market research, recognizing the major trends, opportunities, and difficulties influencing the worldwide semiconductor market.
Our clients can stay ahead of the competition thanks to the actionable intelligence provided by our professionally prepared semiconductor market studies, which include competitive analysis, market predictions, in-depth semiconductor industry analysis, and insights into technical breakthroughs. With almost ten years of experience, we continue to lead innovation and provide strategic clarity to semiconductor companies.
Our dedication to provide our clients insights into semiconductor market share and industry trends guarantees that they have the data they require.
FAQs –
- How big Micro-LED Market?
- The global MicroLED market was valued at approximately $977.5 million in 2022 and is expected to reach around $1.23 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.3%. The report also outlines significant demand in regions like APAC, North America, and Europe, driven by the increasing demand for high-end display technologies.
- Which are the major companies in the micro-LED market?
- Key companies in the Micro-LED market include major players like Samsung Electronics, Apple, Sony, and Intel, alongside others such as LG Display and Taiwan’s PlayNitride. These companies are driving advancements in micro-LED technology, particularly for applications in displays, wearables, and augmented reality systems.
- Which region has the biggest share in Micro LED Market?
- The Asia-Pacific (APAC) region holds the largest share of the Micro-LED market, driven by strong demand from countries like South Korea, Japan, and China. This region is a hub for display technology innovation and manufacturing, with companies like Samsung and LG leading advancements in Micro-LED displays.
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