Micro-LED, also known as microLED, mLED or µLED, is an emerging flat panel display technology. Micro-LED displays consist of arrays of microscopic LEDs forming the individual pixel elements. When compared to the widespread LCD technology, Micro-LED displays offer better contrast, response times, and energy efficiency.

Along with OLEDs, Micro-LED are primarily aimed at small, low-energy devices such as smartwatches and smartphones. OLED and Micro-LED both offer greatly reduced energy requirements compared to conventional LCD systems. Unlike OLED, Micro-LED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.

Samsung and Apple have been pushing Micro LED technology, which makes the industry look forward to its development prospects, many companies have entered. For example: Plessey Semiconductors, AU Optronics, LG Display, Lumiode, etc. At present, Samsung technology is relatively leading.The development of the Micro LED industry has spurred the development of upstream raw materials, and many raw material manufacturers are actively developing R&D of Micro LED raw materials.Nowadays, there are five mainly applications of Micro-LED, including Cellphone, Wearable Watch Device, AR/VR, TV and Others. And Cellphone is the main application for Micro-LED, and the Cellphone reached a sales volume of approximately 33492 K Units in 2030, with 59.81% of global sales volume.
The Micro-LED Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

The report offers detailed coverage of Micro-LED industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Micro-LED by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Micro-LED market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

First, this report covers the present status and the future prospects of the global Micro-LED market for 2015-2027.

Key Companies
Samsung Electronics
Apple
Sony
Jbd
Lumens
LG Display
Innolux Corporation
VueReal
Plessey Semiconductors
AU Optronics
Lumiode
eLux, Inc.

Micro-LED Market by Type
Small Sized Panels
Medium Sized Panels
Large Size Panels

In 2019, Small Sized Panels accounted for a major share of 80% the global Micro-LED market. And this product segment is poised to reach 47320 K Unit by 2030 from 0.20 K Unit in 2019.

Micro-LED Market by Application
Cellphone
Wearable Watch Device
AR/VR
TV

At the same time, we classify Micro-LED according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Micro-LED market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Micro-LED market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Micro-LED market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.

Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Micro-LED market for the forecast period 2021 - 2027?
• What are the driving forces in the Micro-LED market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Micro-LED industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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