Lucintel Blog: Lucintel Forecasts Large Panels in the Global Micro LED Market to Reach $0.57 Billion by 2028

Monday, July 31, 2023

Lucintel Forecasts Large Panels in the Global Micro LED Market to Reach $0.57 Billion by 2028

According to the recent study the large panels in the global micro LED market is projected to reach an estimated $0.57 billion by 2028 from $0.04 billion in 2023, at a CAGR of 68.4% from 2023 to 2028. Growth in this market is primarily driven by growing demand for high-end technologically advanced audio and visual products and increasing use of the technology in the digital signage, particularly in indoor panel resolutions.

A more than 150–page report is developed to understand trends, opportunities and forecast in large panels in the global micro LED market by panel resolution (4K, 8K, and others), end use (consumer electronics, advertising, automotive, aerospace and defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/large-panels-in-micro-led-market.aspx

“8K market is expected to remain the largest segment during the forecast period.”

Based on panel resolution, the large panels in the global micro LED market is segmented into 4K, 8K, and others. Lucintel forecasts that the 8K market is expected to remain the largest segment due to its increasing usage in TVs, cameras, and projectors as it ensures enhanced picture quality and image depth.

“Within the large panels in the global micro LED market, the advertising segment is expected to remain the largest end use.”

Based on end use the advertising segment is expected to witness the highest growth over the forecast period due to growing demand for screens that are energy-efficient and consume a comparatively low amount of electricity.

“Asia pacific will dominate the large panels in the global micro LED market in near future.”

APAC will remain the largest region due to the growing demand from various end user industries, such as consumer electronics, automotive, entertainment, and sports panel resolution and significant technological advancements in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/large-panels-in-micro-led-market.aspx.

Major players of large panels in the global micro LED market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Aledia SA, VueReal, Sony Corporation, Samsung Electronics, X-Celeprint, and Nanosys are among the major large panels in the global micro LED providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/large-panels-in-micro-led-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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