The micro LED market is anticipated to grow at a CAGR of 32.5% during the forecast period. This market growth is attributed to the extensive investment in the field of micro led technology by tech giants such as Samsung and Apple. The development of expanded micro-LED panels has delivered an excellent viewing angle that provides brighter pictures and delivered with less power consumption. For enhancement of consumer experience, micro LED provides quick response time. Further, the market has significant growth opportunities owing to its high wavelength uniformity for fine pixel pitch display along with the growing application in consumer electronics such as smartphones, smartwatches, monitors, virtual reality/ augmented reality and laptops. The consumer electronics manufacturers are adopting micro LED displays to expand picture clarity and reduce power consumption.
Get Free Sample Copy @ https://www.omrglobal.com/request-sample/micro-led-market
Micro LED is the latest display technology and it is a significantly brighter source that offering brightness around three or four orders of magnitude higher than OLED that deliver around 1000 Nits as compared to micro-LED deliver hundreds of thousands of Nits for power consumption. The demand for micro LED has gained traction as LED has been long in demand and visual technology has strong acceptance among consumers. The evolution and focus of the key industry market players in developing innovative products includes VR/MR and near to eye camera is expected to create demand for micro led across the globe. There are various factors such as growing consumer spending on personal entertainment is propelling the market growth for non-commercial and commercial applications. The non-commercial application consists of laptops, smartphones, and home theaters that have grown significantly over the forecast period.
Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/micro-led-market
Market Segmentation
Global Micro LED Market by Application
Display
• Television
• Smartwatches
• Smartphone and Tablet
• Monitor and Laptop
• Near to Eye Devices
• Head-up Display
• Digital Signage
Lighting
• General lightning
• Automotive Lightning
Global Micro LED Market by End-User
• Consumer Electronics
• Automotive
• Aerospace & Defense
• Others (Retail)
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Aledia SA
• ALLOSSemiconductors GmbH
• Apple, Inc.
• EPISTAR Corp.
• GLO AB
• Innolux Corp.
• JBD, Inc.
• LG Display Co., Ltd.
• Lumiode, Inc.
• Mikro Mesa Technology
• Optovate, Ltd.
• PlayNitride, Inc.
• Plessey Semiconductors, Ltd.
• Rohinni, LLC
• Samsung Electronics Co. Ltd.
• Sony Corp.
• Veeco Instruments, Inc.
• VerLASE Technologies, LLC
• VueReal, Inc.
• X-Celeprint
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/micro-led-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404