Global Micro Light-Emitting Diode (LED) Market 2019|Current Industry Status & Growth Opportunities with CAGR of 19.6% Forecast to 2023
Latest Micro Light-Emitting Diode (LED) Market report to analyze global Micro Light-Emitting Diode (LED) market present status, future forecast, growth opportunity, key market and key players, Micro Light-Emitting Diode (LED) development in Europe, Asia Pacific, North America, Middle East, and Africa, Latin America and China. Strategically profile the key players and comprehensively analyze their development plan and strategies in Technology Hardware and Equipment, Technology Hardware, Storage and Peripherals Sector.
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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 2019 Trend, Challengeand 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 the 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.
- 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.
- North America(UnitedStates, Canada, andMexico)
- Europe(Germany, France, UK, Russia, andItaly)
- Asia-Pacific(China, Japan, Korea, India, andSoutheast Asia)
- South America(Brazil, Argentina, Colombia)
- The MiddleEast and Africa(Saudi Arabia, UAE, Egypt, Nigeria, andSouth Africa)
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List Of Key vendorsoperating in 2019 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.
Consumer Landscape: –
The key to any successful business is understanding the new demands of the customers and keeping a close watch on the changing model of the client base. The more you engage with your client base, the clearer you are about the most productive ways in which to hook your ideal customer. Predicting what your customers want, even before they themselves know about it, is the first step to profitable innovation.
This Micro Light-Emitting Diode (LED) market 2019 research is a result of: –
- Qualitative analysis: -Micro Light-Emitting Diode (LED) Market drivers, 2019 Market challenges, Market trends, Five forces analysis.
- Quantitative analysis: -Micro Light-Emitting Diode (LED) Market size and forecast, 2019 Market segmentation, Geographical insights, Competitive landscape.
- Primary research: – Micro Light-Emitting Diode (LED) Industry journals and periodicals, Government bodies, Annual reports of key stakeholders.
- Secondary research: -Micro Light-Emitting Diode (LED) Manufacturers/suppliers, Channel partners, Industry experts, Strategic decision makers.
- Data synthesis:- Collation of data, Estimation of key figures, Analysis of derived insights.
- Data validation:- Triangulation with data models, Reference against proprietary, databases, Corroboration with industry experts.
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Table of Contents included in Micro Light-Emitting Diode (LED) Market 2019 Report –
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Base year
- Forecast period
- Market coverage
- Market size calculation
- Geographical segmentation
- Vendor segmentation
PART 03: Research Methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical Segmentation
PART 09: A Decision framework
PART 10: Impact of drivers and challengesAnd Many More Parts Covered.
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