Global Micro LED Market Size, Growth | Industry Analysis and Forecast 2019-2025

Posted by nabeel on February 5th, 2021

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. 

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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.


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


  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe


  • 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

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