Global Micro-LED Display Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Micro-LED Display Market By Material, Method, Application & Industry: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the micro-LED display market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
On January, 2018, Samsung unveils 146-inch modular TV named ‘The Wall’ by using self-emitting micro-LED technology. According to Samsung, it is possible to transform the TV into any size and delivers incredible brightness, color combination with high resolution and better efficiency.
Increasing demand for smaller, brighter, energy efficient display panels with ultra-high definition quality and faster response rate for various electronic applications drives the micro-LED display market. Further, rising interest of leading electronic industries like Apple, Sony, and Samsung for developing new products using micro-LED display technology is another substantial factor which drives this market. Moreover, constantly growing demand of smart wearable devices and Augmented/Virtual Reality by end-users would create enormous opportunity for this market in upcoming years across the globe.
However, increasing popularity of OLED display market is possible to hinder the market growth of micro-LED display market. Furthermore, huge growth of folded and flexible displays available in the market hampers the micro-LED display market expansion.
This report presents a detailed evaluation of micro-LED display, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter’s evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
The major growth factors for micro-LED display market in North American region are presence of leading electronic industries like Apple, Sony, and Samsung that are consistently investing in research and development of these displays to come into production. However, Asia-Pacific region is expected to grow this market at faster rate in upcoming years due to developing countries like China, India, Korea and Japan.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global micro-LED display market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Apple Inc., Samsung, PlayNitride, VueReal Inc., Oculus VR, LLC, LUXVue Technology Corporation, SONY Corporation, mLED Ltd., X-Celeprint Ltd., and eLUX.
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