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Micro LED Display Market Share

Report ID: GMI2713
Published Date: Jul 2018
Report Format: PDF

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Micro LED Display Market Share

The key players operating in the micro LED display market are

LG Display
Apple, Inc.
Samsung Electronics
Sony
Sharp Electronics
Epistar
Oculus VR
AU Optronics
X-Celeprint
JBD
VerLASE Technologies
Aledia

The newness of the industry is encouraging investments from innovators such as

ALLOS Semiconductors
Mikro Mesa Technologies
PlayNitride
Plessey Semiconductors
VueReal
Ostendo Technologies

Several research institutes such as

Changchun Institute, China
the Industrial Technology research Institute, Taiwan
CEA Leti
Fraunhofer-Gesellschaft
III-V Lab France

are undertaking R&D for the mass-production of these components. The global market is characterized by intense competition, thus leading to the acquisition of small players by the technology giants.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of micro led display exceeded USD 250 million in 2018.

The industry share of micro led display is projected to grow at over 115% CAGR between 2018 and 2024.

U.S. market size is anticipated to surpass USD 7 billion by 2024 impelled by the rising demand for electronic devices such as smartphones, tablets, and smartwatches.

The large micro LED display shipments will cross 35 million units by 2024 led by the growing use of the technology in the digital signages, particularly in indoor applications.

The key players operating in the market are LG, Apple, Inc., Samsung, Sony, Sharp Electronics, Epistar, Oculus VR, AU Optronics, X-Celeprint, JBD, VerLASE Technologies, and Aledia. The newness of the industry is encouraging investments from innovators such as ALLOS Semiconductors, Mikro Mesa Technologies, PlayNitride, Plessey Semiconductors, VueReal, and Ostendo Technologies.

According to the analysts at GMI, the smartwatches application segment will showcase growth of around 100% through 2024.