Micro-LED Market Display Panel Size, Vertical and Region 2027

[205 Pages Report] The micro-LED market is projected reach USD 21,169 million by 2027 growing at a CAGR of 81.5% during forecast.

The expected penetration of micro-LED displays in NTE devices and premium smartphones are the key factors that will accelerate the growth of the micro-LED market during the forecast period. Likewise, growing demand for wearable displays for smartwatches and head mounted displays (HMDs) are expected to create lucrative opportunities for the players in the micro-LED industry. However, absence of patents and proper supply chain are expected to restraint market growth.

To know about the assumptions considered for the study, download the pdf brochure :

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Near-to-Eye (NTE) devices to witness the highest CAGR in the micro-LED display market during the forecast period
The Near-to-Eye (NTE) devices is estimated to grow at the highest CAGR from 2021 to 2027 during the forecast period, as the growth of this segment can be attributed because there is high demand for AR/VR devices. Also, there is need of brighter and more power-efficient LED for NTE devices. Micro-LED serves this need and hence NTE devices application is projected to grow at the highest CAGR during the forecast period.

Consumer electronics vertical is expected to hold the largest share in 2027
Consumer Electronics is expected to grow at a highest CAGR during the forecast period. The market for consumer electronics has seen the emergence of large number start-ups, with high R&D investments. Such developments are likely to lead to significant growth of micro-LED market

APAC is attributed to grow at the highest CAGR in micro-LED market during the forecast period
APAC is expected to grow at the highest CAGR in the overall micro-LED market. The fastest growth of the APAC micro-LED market is expected to be driven by the increasing interest of electronic giants in APAC in adopting micro-LED technology. For instance, Samsung, one of the electronic giants, has commercialized few products into digital signage vertical. Samsung’s “The Wall” is one of the premium product in micro: LED digital signage (advertising) vertical. Also, Sony has also launched few products using micro-LED technology in the market.