Micro Light-Emitting Diode (LED) Market Growth Rate, Synthesis & Summation Of Data From Multiple Sources of Technology Hardware & Equipment,Technology Hardware, Storage & Peripherals sector With Forecast To 2023

Posted on Dec 20 2019 3:19 PM

"Micro Light-Emitting Diode (LED) Industry 2020 Market research report provides key analysis on the market status of the Micro Light-Emitting Diode (LED) manufacturers with market size, growth, share, trends as well as industry cost structure. "

Micro Light-Emitting Diode (LED) Market  2020 report will help you take informed decisions, understand opportunities, plan effective business strategies, plan new projects, analyse drivers and restraints and give you a vision on the industry forecast. The “Micro Light-Emitting Diode (LED) Market Research Report” gives a clear understanding of the current market situation in Technology Hardware & Equipment,Technology Hardware, Storage & Peripherals Sector. It also gives you historical data for the past 5 years and forecast for the coming years, based on technological growth, consumption and volume, projecting cost-effective and leading fundamentals in the Micro Light-Emitting Diode (LED) Market. Industry researcher project Micro Light-Emitting Diode (LED) market was valued at USD 24.8 Billion and CAGR of 19.6% during the period 2020-2023.

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“The latest trend gaining momentum in the market is the development of GaN-on-Si technology.”

According to the report, one of the major drivers for this market is the integration of MicroLEDs in TVs.

Further, the report states that one of the major factors hindering the growth of this market is the challenges in manufacturing

Global Micro Light-Emitting Diode (LED) Market: About this market:

MicroLEDs are light-emitting diodes that produce light without the help of any external light source and are used in lighting and displays. MicroLEDs offer higher brightness and contrast and consume less power than other technologies such as organic light-emitting diode (OLED). Researchers micro light-emitting diode (led) market analysis considers sales from both display and lighting. Our analysis also considers the sales of micro light-emitting diode (led)in APAC, EMEA, and the Americas. In 2018, the display segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for brighter and more energy-efficient displays for augmented reality/virtual reality (AR/VR) devices, smartphones, smartwatches, smart TVs, interactive displays, and digital signages will play a significant role in the display segment to maintain its market position. Also, our global micro light-emitting diode (led)market report also looks at factors such as increasing investment in MicroLEDs, increasing the number of patents being registered, integration of MicroLEDs in TVs. However, challenges in manufacturing, high market penetration of other display technologies, the distributed patent portfolio may hamper the growth of the micro light-emitting diode (LED) industry over the forecast period. 

Micro Light-Emitting Diode (LED) Market 2020 Trend, Challenge and Driver: -

Global Micro Light-Emitting Diode (LED) Market: Overview

  • Integration of MicroLED in TVs
  • Several Tv manufacturers have started developing MicroLED based TV prototypes as MicroLEDs offer greater brightness and an incredible wide HDR color palette. These LEDs have a longer lifespan than OLED panels since there is no natural degradation. These advantages have increased the adoption of micro LEDs. This demand for MicroLEDs TVs will lead to the expansion of the global micro light-emitting diode (LED) market at a CAGR of over 398% during the forecast period.
  • Development of GaN-on-Si technology
  • LED production is based on a sapphire substrate. However, with the increasing market traction for MicroLEDs, vendors are shifting to Gallium nitride-on-silicon (GaN-on-Si) technology for MicroLEDs production. Many vendors are working toward the development of this technology. The advantage of using GaN-on-Si instead of sapphire substrate is higher yield. With this technology, larger wafer size can be achieved, which is beneficial for Micro LEDs because of the use of transfer stamps that allow maximum wafer surface area utilization and ensure cost savings. Owing to these advantages, vendors are concentrating on the development of MicroLEDs displays based on Ga-on-Si. This development is expected to have a positive impact on the overall market growth.
  • For the detailed list of factors that will drive the global micro light-emitting diode (LED) market during the forecast period 2019-2023, click here.

Competitive Landscape

  • With the presence of a few major players, the global micro light-emitting diode (LED) market is concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading milk chocolate manufacturers, that include LG Electronics Inc., PlayNitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co. Ltd., and Tianma Microelectronics Co. Ltd. 
  • Also, the micro light-emitting diode (led) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities. 

Porter’s five forces analysis included in the report educates the buyer on the current situations along with anticipated future Micro Light-Emitting Diode (LED) market size.

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The report splits the global Micro Light-Emitting Diode (LED) market into the Americas, Asia-Pacific, Europe, the Middle East, and Africa Region.

The Micro Light-Emitting Diode (LED) market report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. Micro Light-Emitting Diode (LED) market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios of following key players.

Key vendors operating in 2020 Micro Light-Emitting Diode (LED) market space are-

  • LG Electronics Inc., PlayNitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co. Ltd., and Tianma Microelectronics Co. Ltd.

The CAGR of each segment in the Micro Light-Emitting Diode (LED) market along with the global market (as a whole) is explained with great ease. Also, global and regional Micro Light-Emitting Diode (LED) market supply chain analysis provides vital info about producers, distributers and key end-users in the market. It also explains import-export situations, affecting factors etc. to fully and deeply reveal market situations.

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2020 Influencing Factors of Micro Light-Emitting Diode (LED) Market:

  • Micro Light-Emitting Diode (LED) Market Environment:- Government Policies for each products, Market Risks, Technological Changes,
  • Micro Light-Emitting Diode (LED) Market Drivers:- Progressing Demand, Cost Reduction, 2020 Market Opportunities, Limits, and Challenges.
  • Micro Light-Emitting Diode (LED) Market Size:- Global Size, by Type/Product Category, Applications/End Users, and By Regions/Geography.
  • Global Key Data:- Market Size, Market Share, Product Sales Price, Growth, and Growth Rate.

Research objectives of the Micro Light-Emitting Diode (LED) market report:

  • To provide actionable intelligence alongside the market size of various segments.
  • To detail major factors influencing the 2020 market (drivers, opportunities, industry-specific challenges, and other critical issues).
  • To determine the geographic breakdown of the market in terms of detailed analysis and impact.
  • To analyze business dimensions with an eye on individual growth trends and the contribution of upcoming market segments.
  • To track the competitive landscape of the market.

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