Global Micro-LED Display Market Expected to Reach $1,945.6 Million by 2025, Says Allied Market Research

the global micro-LED display market was valued at $22.9 million in 2018, and is projected to reach at $1,945.6 million by 2025, growing at a CAGR of 89.2% from 2018 to 2025

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According to a recent report published by Allied Market Research, titled, “Micro-LED Display Market by Product, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the global micro-LED display market was valued at $22.9 million in 2018, and is projected to reach at $1,945.6 million by 2025, growing at a CAGR of 89.2% from 2018 to 2025.

At present, Asia-Pacific dominates the global micro-LED display market. In 2018, China is expected to register the highest growth rate in the Asia-Pacific market. However, Germany is expected to lead the overall market in Europe in 2018. In the same year, the U.S. is estimated to dominate the North American market.

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The global micro-LED display market is projected to register significant growth during the forecast period, due to rise in demand for bright & power-efficient display panels and increase in preference of electronic giants towards micro-LED displays. However, high cost of micro-LED display is expected to restrain the growth of the market.

In 2018, based on product, the large-scale display segment is anticipated to dominate the global micro-LED display market, in terms of revenue. However, based on industry vertical, consumer electronics is projected to lead the global market in the same year.

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KEY FINDINGS OF THE STUDY

  • On the basis of product type large-scale display is expected to generate the highest revenue in 2018.
  • In 2018, the consumer electronics on the basis of industry vertical segment is projected to account the highest revenue in the micro-LED display market.
  • LAMEA is anticipated to exhibit the highest CAGR during the forecast period.

The key players profiled in the report include Apple Inc., Samsung, Sony Corporation, Oculus, VueReal, LG Display, Play Nitride, eLUX, Rohinni LLC, and Aledia.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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