Global Micro LED Market was valued US$0.62 Bn in 2018 and is anticipated to reach US$XX Bn by 2026 at a CAGR of about XX% during a forecast.
Global Micro LED Market
The report on “Micro LED” is segmented by type, by application and by region. Based on type Micro LED market is divided into display, and lighting. Based on application micro LED market is bifurcated into smart watch, smartphone, tablets, laptops, and monitors. Regionally into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Factors like increasing demand for brighter and more power-efficient display panels for smart watches, mobile devices, and AR/VR devices, increasing interest of electronics giant such as Samsung, Apple, and Sony and interest shown by input/component suppliers in supply chain are driving micro LED market toward growth. While many opportunities will be created during the forecasting period such as manufacturing of micro-LEDs on large silicon wafers, growing demand of wearable displays for smart watches and AR/VR HMDs, and high penetration of micro-LED technology-based products in the display panel market. At initial stage Micro LED market is witnessing for significant technological advancements across the industry.
