According to a market report by Lucintel, the future of the global GaN micro LED market looks promising with opportunities in the consumer electronics, automotive, aerospace & defense, sports & entertainment, and healthcare markets. The global GaN micro LED market is expected to reach an estimated $3,809.3 million by 2030 with a CAGR of 42.2% from 2024 to 2030.
The major drivers for
this market are increasing demand of near-eye display (NED) or wearable
displays to experience virtual reality, rising trend of infotainment in
automobiles, and constant consumer demand for improved display technologies.
A more than 150–page
report is developed to understand trends, opportunity and forecast in GaN micro
LED to 2030 by output power (low power,
mid power, high power, and ultra-high power), function type (GaN micro LED
display and GaN micro LED lighting), end use industry (consumer electronics,
automotive, aerospace & defense, sports & entertainment, healthcare,
and others), and region (North America, Europe, Asia Pacific, and the Rest of
the World).
In this market, low
power, mid power, high power, and ultra-high power are the major segments of
GaN micro LED market output power.
Lucintel forecasts that
low power will remain the largest segment over the forecast period because of
its low power consumption, high brightness, high resolution, and fast response
time.
Within this market, consumer electronics will remain the largest segment over the forecast period due to rising demand for high-resolution displays in smartphones, tablets, laptops, and televisions.
APAC will remain the
fastest growing segment over the forecast period due to strong presence of
display panel manufacturers and increasing investments in the development of
high-end displays in the region.
Plessey, Google, Microsoft, Samsung, Aledia, Leti(Cea), Apple, Cree, Innolux Corporation, and Lumiode are the major suppliers in the GaN micro LED market.
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 write us at 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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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