Lucintel Forecasts Micro LED Display Market to Reach $0.8 Billion by 2028

According to the recent study the micro LED display market is projected to reach an estimated $0.8 billion by 2028 from $0.1 billion in 2023, at a CAGR of 70.4% from 2023 to 2028. Growth in this market is primarily driven by growing demand for energy-efficient display solutions and increasing preference of electronic giants towards micro-LEDs display across the globe.

A more than 150–page report is developed to understand trends, opportunities and forecast in micro LED display market by application (general lighting and automotive lighting), end use industry (consumer electronics, automotive, advertisement, 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/micro-led-display-market.aspxv

“Automotive lighting market is expected to remain the largest segment during the forecast period.”

Based on application, the micro LED display market is segmented into general lighting and automotive lighting. Lucintel forecasts that the automotive lighting market is expected to remain the largest segment due to extensive use of LEDs as rear lighting in vehicles due to their power efficiency.

“Within the micro LED display market, the consumer electronics segment is expected to remain the largest end use industry.”

Based on end use industry the consumer electronics segment is expected to witness the highest growth over the forecast period due to the growing disposable income and increasing investments by smartphone and tablet manufacturers in developing innovative products as per the changing customer preferences.

“Asia pacific will dominate the micro LED display market in near future.”

APAC will remain the largest region due to increasing acceptance of wearable devices like smart watches and head-mounted displays and presence of major display screen manufacturers in the region.

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

Major players of micro LED display 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, LG Display, PlayNitride Inc., Rohinni LLC, and Nanosys are among the major micro LED display 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/micro-led-display-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

Related reports

Large Panels in the Global Micro LED Market:

For more details click here https://www.lucintel.com/large-panels-in-micro-led-market.aspx  

                        

Action Video Game Market:

For more details click here https://www.lucintel.com/action-video-game-market.aspx

 

Smart Washing Machine Market:

For more details click here https://www.lucintel.com/smart-washing-machine-market.aspx

 

Rigid PCB Market:

For more details click here https://www.lucintel.com/rigid-pcb-market.aspx

 

Camping Cooler Market:

For more details click here https://www.lucintel.com/camping-cooler-market.aspx

 

Portable Bluetooth Speaker Report:

For more details click here https://www.lucintel.com/portable-bluetooth-speaker-market.aspx

 

Portable Projector Market:

For more details click here https://www.lucintel.com/portable-projector-market.aspx

 

Ultra-Low Temperature Freezer Market:

For more details click here https://www.lucintel.com/ultra-low-temperature-freezer-market.aspx

 

Portable Electronics Market:

For more details click here https://www.lucintel.com/portable-electronics-market.aspx

 

Adventure Video Game Market:

For more details click here https://www.lucintel.com/micro-led-small-sized-and-medium-sized-panel-market.aspx