MicroLED Market Trends, and Forecast 2018 - 2026

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MicroLED Market to Expand with Signi몭cant CAGR during 2026 Date: March 3, 2022 Author: Tech News

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According to a new report pertaining to the MicroLED market, published by Transparency Market Research, the global MicroLED market is expected to reach US$ 286.38 Mn by 2026, expanding at a CAGR of 21.14% from 2018 to 2026. According to the report, the global market will continue to be in uenced by a range of macroeconomic and industry-speci c factors. Asia Paci c will continue to be at the forefront of global demand, with the market in the region growing at above 25% through 2026. MicroLED market growth is expected to witness a surge over the forecast period due to the continuously increasing usage of wearable devices across different regions Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php? ag=S&rep_id=23456 Longer lifespan of MicroLED in comparison to OLED, driving the global

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MicroLED is made of semiconductor material which is inorganic in nature, and the overall size of the component is less than 100um, due to which it is known as MicroLED. An array of MicroLEDs are being set for the purpose of forming discrete pixel elements. The MicroLED market has created considerable interest among leading brands, which includes Samsung and Apple, which have bought many MicroLED start-up companies. MicroLED has potential applications in smart Near-to-Eye wearable, automotive displays, smart watches, and signage’s. Additionally, MicroLEDs are expected to have a much longer lifespan and response time in comparison to OLEDs; this generates interest for MicroLEDs. Samsung is presently well poised to develop 150-inch MicroLED TV in 2018. Advancements in technologies such as MicroLEDs and OLEDs have been able to ful ll the market demand for better viewing experience, ef ciency, and improved aesthetics; these technical factors are also well poised to increase the product life expectancy even further than earlier technologies. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? ag=B&rep_id=23456 MicroLED Market: Scope of the Report The global MicroLED market is broadly segmented by type and application. According to the research study, by type, the display segment held the maximum market share and is anticipated to show a CAGR of above 20% through 2026. Display segment’s revenue contribution is primarily due to signi cant deployment of MicroLED across applications such as smartphones, and smart watches.The display segment is anticipated to remain dominant over the forecast period. As the market is in its initial stage, in the current MicroLED market, services which includes installation, maintenance, and repair related to MicroLED are limited. However, expected signi cant

reduction of the MicroLED panel cost in the near future is likely to create a lucrative market for MicroLED and hence the MicroLED display segment is anticipated to expand at the highest CAGR over the forecast period. The report projects the lighting segment to show a CAGR above 15% over the forecast period. As per TMR analysis, MicroLED market’s smartphone application segment grabbed the maximum market share in 2017 and a similar trend is expected to be seen over the forecast period. Improvement of the quality and uniformity of the epitaxial wafers required to maintain the low cost and high yield is expected to drive the smartphone application in the global MicroLED market. The MicroLED market is anticipated to witness moderate growth during the forecast period due to rapid growth of AR/MR. North America held the largest market revenue share of the MicroLED market in 2017 and this region is anticipated to grow at a remarkable CAGR of 20.45% during the forecast period. Rising implementation of MicroLED in smartphone display and smart watches is anticipated to drive the MicroLED market across North America. Asia Paci c is anticipated to maintain the highest growth rate during the forecast period. Analyzing the Asia Paci c MicroLED market at country level, in 2017, China held majority of revenue share followed by Japan. However, in terms of revenue generation, India is anticipated to grow with at a signi cant CAGR over the forecast period. Increasing smartphone sales across the country is likely to create a lucrative market for MicroLED. Get COVID-19 Analysis @ https://www.transparencymarketresearch.com/sample/sample.php? ag=covid19&rep_id=23456 Global MicroLED Market: Competitive Dynamics The research study includes pro les of leading companies operating in the global MicroLED market. Market players have been pro led in terms of attributes such as company overview, nancial overview, business strategies,

and recent developments. Some of the key players in the MicroLED market are Apple, Inc., Sony Corp, Oculus VR, Ostendo Technologies, and LG Electronics among others. Various business strategies are being adopted by the market leaders. Companies are focusing on expanding their business by developing strategic partnerships and by offering innovative solutions in the end-use market. Market Segmentation: MicroLED Market, by Type Display Lighting MicroLED Market, by Application Smartphone Smart watch Tablets Laptops Monitors Others Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php? ag=EB&rep_id=23456 About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-

looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail exible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the uni ed market intelligence engine. Sign Up for a 7 day free trial! Contact Rohit Bhisey Transparency Market Research USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Blog: https://tmrblog.com/ Follow Us: Twitter | LinkedIn