Global Micro and Mini LED Display Market Size 2017 by Type (Micro LED, Mini LED), by Application (Near-to-eye Devices (AR and VR), Television, Smartphone and Tablet, Monitor and Laptop, Head-up Application, Digital Signage), End-user (Consumer Electronics, Automotive, Aerospace and Defense, and Other End Users) Region and Forecast 2018 to 2025
Apr 2019
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Global Micro and Mini LED display industry size was valued at USD 158.0 Million in 2017, driven by the growing demand for better display quality in consumer electronics such as laptops, tablets, computers, cell phones, smartphones, and other music players, recording devices, TVs, cameras, navigation devices, game consoles, and video recorders, etc.
Poor resolution not only causes adverse effect to human health but also damages environment by its harmful radiant owing to which, need for better and efficient display solutions are driving the demand for Micro and Mini LED display market. Many global players are significantly focusing on developing efficient micro LED display latest by the end of 2019. Apart from technological evolution, the consumer electronics market is persistently rising and evolving. This industry has seen electrifying new developments in recent years and at a rapid pace. For instance, launch of smart TV is a revolution in consumer electronics sector. This launch revolutionize the industry by integrating television with internet and interactive "Web 2.0" features. These features enable users to browse the internet, stream music and videos, and view photos. These features is the vital factors promoting the adoption of smart TV, which is propelling the growth of the global micro and mini LED display market during the forthcoming years.
The global micro and mini LED display industry size is anticipated to be valued close to USD 6.0 billion by 2025. The industry is mainly driven by increase in demand for smart consumer electronics featured with brighter and energy-efficient display panels. Major players such as San’an Optoelectronics, Epistar, HC SemiTek, and Lextar are investing a lot in product research and development to manufacture advance display quality, which is the another factor driving the market growth.
Key Segments of the Global Micro and Mini LED Display Market
Type Overview, 2015-2025 (USD Million)
- Micro LED
- Mini LED
End-user Overview, 2015-2025 (USD Million)
- Consumer Electronics
- Automotive
- Aerospace and Defence
- Other End Users
Application Overview, 2015-2025 (USD Million)
- Near-to-eye Devices (AR and VR)
- Television
- Smartphone and Tablet
- Monitor and Laptop
- Head-up Application
- Digital Signage
Regional Overview, 2015-2025 (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Micro and Mini LED display industry.
- Rising need for better display panel and increasing inclination towards consumer electronics are some of the factors encouraging the adoption of Micro and Mini LED display products
- Commercialization of micro LED is projected to change the dynamics of display. To keep a watch on the emerging trends of micro led, one should read this project.
What does the report include?
- The study on the global Micro and Mini LED display market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type, application, end-user and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants and stakeholders in the Micro and Mini LED display market. The report will benefit:
- Executives of the Micro and Mini LED display manufacturing companies.
- Universities and key players looking to publish recent and forecasted statistics pertaining to the Micro and Mini LED display market.
- Venture capitalist looking into investing capital.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative Micro and Mini LED display solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
- Companies who are investing in panel and LED epitaxy manufacturing.
Micro LED is the most discussed and popular topic in the display industry. Most players such as San’an Optoelectronics, Epistar are focusing on spending huge capital to develop next-generation display technology. Though, from the technical point of view, the bulk production of Micro LED is still facing numerous challenges such as LED uniformity and the yield rate of mass transfer, etc. Few of the manufactures have thus diverted their development focus to Mini LED as its architecture is comparable to that LED and LCD displays and not much changes in the design is needed. It is expected that before Micro LED is ready for mass production, commercialization of mini LED is anticipated to penetrate with effective rate in the display market. Companies are projecting that Mini LED will become a transitional product between LCD, LED and Micro LED. Mini LED is certain to face the direct competition from OLED. Consumer electronics for instance, TVs, smartphones consumers have progressively presumed that OLED is another word for high-end products. Also with its stability in production, OLED will have additional advantages in terms of production in the coming years, so the display industry is finding out new applications of Mini LED.
Few companies are the expected to launch Micro LED television in this year itself. For instance, in 2019, Samsung Electronics is planning to launch a consumer Micro-LED TV of 75 inch. This product is developed using LED chips and technologies from a Taiwan based company PlayNitride. The company is also expected to invest more in PlayNitride to assist the company to increase its production capacity.
In the year 2019, Taiwan's Ministry of Science and Technology permitted Taiwan based company PlayNitride to setup approximate USD 7.0 million production facility at Hsinchu Science Park, which is an industrial park, established by republic of china. The production facility is launched with the objective to produce display modules, micro LEDs, and panels. It is also expected that the plant is planning to start its production in early 2019.
Another key trend noticed in the display market is Micro LED patent from the year 2000 to 2013, only a limited number of players carried out patent layout owing to weak market demand, which is why this period is termed as "germination period". Companies like Cree, Sony and the University of Illinois have been the earliest ones for the layout. After the year 2014, tech giant Apple acquired LuxVue and plans to enter back into display industry, which in turn led to augmented investment by other operators for instance Rohinni, Uniqarta, Mikro Mesa, PlayNitride, VUEREAL and QMAT. In recent two years, there have been patent layouts of panel manufacturers for instance, CSOT, AUO, and BOE. Among numerous Micro LED patents, the foremost three patented technologies are chip manufacturing process technology, mass transfer technology, and display module technology with comprising of around of 80.0% of all patents.
The global micro and mini LED market is segregated into type, application, and end-user.
- Based on type, the market is segmented into mini LED and micro LED. Micro LED segment is projected to show a compounded annual growth of 117.4% during the year 2019 to 2025. The growth of the segment is attributed to numerous upcoming product launches by key tech giants such as SAMSUNG and Apple. Apart from this, these major players are significantly investing in research and development to develop the better display solution. The mini-LEDs (chip sizes 100 - 200 µm) have already been launched for backlight application in consumer electronics. The realized local diming can prominently improve the contrast ratio at relatively low energy consumptions. The micro LEDs (chip size <100µm) are still research and development phrase.
- Based on application, the market is segmented into near-to-eye devices (AR and VR), television, smartphone and tablet, monitor and laptop, head-up application, and digital signage. The television segment is anticipated to exceed a worth of USD 1 Billion by 2025 due to increase in demand for better display resolution. Also with the launch of smart T.V consumer are highly inclined towards advanced tech solution, so that a single device can solve multiple solution like video streaming, online gaming and others.
- Based on end-user, the market is bifurcated into consumer electronics, automotive, aerospace and defense and other end users. Consumer electronics segment dominates the market throughout the forecast period due to increase in need for high resolution in various devices such as smartphone, laptop, television and others. Also smaller the size of LED chips (below 200 microns) renders better resolution, owing to which the demand for Micro and Mini LED is expected to surge in coming years.
Based on the region, the global micro and mini LED is segregated into North America, Europe, Latin America, Asia Pacific and Middle East. Wherein, Asia Pacific region captures the largest market share in terms of revenue due to presence of major manufacturers in the region. Also major research and development regarding micro LED is happening in this region, which is another factor driving the growth of APAC Micro and Mini LED display market during the coming years.
The prime trend observed in the global micro and mini LED display market is many international manufactures have integrated the development of Micro LED via merger & acquisition and established a separate business unit. These players have expanded across the value chain to gain market expertise and to maximize its operational process in coming years. Major players are invested with LED epitaxy manufacturers. Makers in China, Taiwan, Japan, South Korea, Europe and America also have different levels of Micro LED layout.
- PlayNitride, AUO, and Epistar are the Taiwanese manufacturers, who are concentrating on expert OEMs and also they have collaboration with international manufacturers. Foxconn is the most active Taiwanese developer. Which has most thorough development plan.
- Chinese manufactures are not too active to develop micro LED as they are much interested in advance technology, which can be produce in bulk in short span of time. Owing to this most of the players located in china checking and monitoring the worth of the micro LED display market.
- Korea based manufactures have done major investment to develop and promote OLED products, owing to which, Korean manufactures prefer strategic partnership Micro LED developers to accompaniment their limited resources for Micro LED development.
- Sony is the first company in Japan to initiate the production of Micro LED development. Alike Korea, Japan based manufactures are majorly focusing on production of large sized micro LED display.
- Most American and European manufacturer’s put emphasis on academic institutions and startups. In last few years, through acquisition and reinvestment, patent layout has been accomplished in the field of mass transfer. Wherein in terms of panel manufactures, owing to huge capital investment, these region prefer collaborating with Asian based panel manufacturers. Also, American and European manufacturers are primarily targeting small and medium-sized Micro LED display applications for instance mobile phones, and wearable devices.
Global Micro and Mini LED display industry size was valued at USD 158.0 Million in 2017, driven by the growing demand for better display quality in consumer electronics such as laptops, tablets, computers, cell phones, smartphones, and other music players, recording devices, TVs, cameras, navigation devices, game consoles, and video recorders, etc.
Poor resolution not only causes adverse effect to human health but also damages environment by its harmful radiant owing to which, need for better and efficient display solutions are driving the demand for Micro and Mini LED display market. Many global players are significantly focusing on developing efficient micro LED display latest by the end of 2019. Apart from technological evolution, the consumer electronics market is persistently rising and evolving. This industry has seen electrifying new developments in recent years and at a rapid pace. For instance, launch of smart TV is a revolution in consumer electronics sector. This launch revolutionize the industry by integrating television with internet and interactive "Web 2.0" features. These features enable users to browse the internet, stream music and videos, and view photos. These features is the vital factors promoting the adoption of smart TV, which is propelling the growth of the global micro and mini LED display market during the forthcoming years.
The global micro and mini LED display industry size is anticipated to be valued close to USD 6.0 billion by 2025. The industry is mainly driven by increase in demand for smart consumer electronics featured with brighter and energy-efficient display panels. Major players such as San’an Optoelectronics, Epistar, HC SemiTek, and Lextar are investing a lot in product research and development to manufacture advance display quality, which is the another factor driving the market growth.
Key Segments of the Global Micro and Mini LED Display Market
Type Overview, 2015-2025 (USD Million)
- Micro LED
- Mini LED
End-user Overview, 2015-2025 (USD Million)
- Consumer Electronics
- Automotive
- Aerospace and Defence
- Other End Users
Application Overview, 2015-2025 (USD Million)
- Near-to-eye Devices (AR and VR)
- Television
- Smartphone and Tablet
- Monitor and Laptop
- Head-up Application
- Digital Signage
Regional Overview, 2015-2025 (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Micro and Mini LED display industry.
- Rising need for better display panel and increasing inclination towards consumer electronics are some of the factors encouraging the adoption of Micro and Mini LED display products
- Commercialization of micro LED is projected to change the dynamics of display. To keep a watch on the emerging trends of micro led, one should read this project.
What does the report include?
- The study on the global Micro and Mini LED display market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type, application, end-user and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants and stakeholders in the Micro and Mini LED display market. The report will benefit:
- Executives of the Micro and Mini LED display manufacturing companies.
- Universities and key players looking to publish recent and forecasted statistics pertaining to the Micro and Mini LED display market.
- Venture capitalist looking into investing capital.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative Micro and Mini LED display solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
- Companies who are investing in panel and LED epitaxy manufacturing.
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1.Research approach
2.2.Scope, definition, and assumptions
2.3.Data sources
Chapter 3. Market Outlook
3.1.Introduction
3.2.Key trends
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
Chapter 4. Market Overview, By Type
4.1.Global Micro and Mini LED display market share, by type, 2017 & 2025
4.2.Micro
4.2.1. Market size and projections, 2015-2025
4.3.Mini
4.3.1. Market size and projections, 2015– 2025
Chapter 5. Market Overview, By Application
5.1.Global Micro and Mini LED display market share, by application, 2017 & 2025
5.2.Near-to-eye Devices (AR and VR)
5.2.1. Market size and projections, 2015– 2025
5.3.Television
5.3.1. Market size and projections, 2015– 2025
5.4.Smartphone and Tablet
5.4.1. Market size and projections, 2015– 2025
5.5.Monitor and Laptop
5.5.1. Market size and projections, 2015– 2025
5.6.Head-up Application
5.6.1. Market size and projections, 2015– 2025
5.7.Digital Signage
5.7.1. Market size and projections, 2015– 2025
Chapter 6. Market Overview, By End-user
6.1.Global Micro and Mini LED display market share, by application, 2017 & 2025
6.1.1. Consumer Electronics
6.1.1.1. Market size and projections, 2015– 2025
6.1.2. Automotive
6.1.2.1. Market size and projections, 2015– 2025
6.2.Aerospace and Defense
6.2.1. Market size and projections, 2015– 2025
6.3.Others
6.3.1. Market size and projections, 2015– 2025
Chapter 7. Market Overview, By Region
7.1.Global Micro and Mini LED display market share, by region, 2017 & 2025
7.1.1. North America
7.1.1.1. Market size and projections, 2015-2025
7.1.1.2. Market size and projections, by type, 2015-2025
7.1.1.3. Market size and projections, by application, 2015-2025
7.1.1.4. Market size and projections, by end-user, 2015-2025
7.1.1.5. US
7.1.1.5.1. Market size and projections, by type, 2015-2025
7.1.1.5.2. Market size and projections, by application, 2015-2025
7.1.1.5.3. Market size and projections, by end-user, 2015-2025
7.1.1.6. Canada
7.1.1.6.1. Market size and projections, by type, 2015-2025
7.1.1.6.2. Market size and projections, by application, 2015-2025
7.1.1.6.3. Market size and projections, by end-user, 2015-2025
7.1.1.7. Mexico
7.1.1.7.1. Market size and projections, by type, 2015-2025
7.1.1.7.2. Market size and projections, by application, 2015-2025
7.1.1.7.3. Market size and projections, by end-user, 2015-2025
7.1.2. Europe
7.1.2.1. Market size and projections, 2015-2025
7.1.2.2. Market size and projections, by type, 2015-2025
7.1.2.3. Market size and projections, by application, 2015-2025
7.1.2.4. Market size and projections, by end-user, 2015-2025
7.1.2.5. Germany
7.1.2.5.1. Market size and projections, by type, 2015-2025
7.1.2.5.2. Market size and projections, by application, 2015-2025
7.1.2.5.3. Market size and projections, by end-user, 2015-2025
7.1.2.6. Italy
7.1.2.6.1. Market size and projections, by type, 2015-2025
7.1.2.6.2. Market size and projections, by application, 2015-2025
7.1.2.6.3. Market size and projections, by end-user, 2015-2025
7.1.2.7. France
7.1.2.7.1. Market size and projections, by type, 2015-2025
7.1.2.7.2. Market size and projections, by application, 2015-2025
7.1.2.7.3. Market size and projections, by end-user, 2015-2025
7.1.2.8. U.K
7.1.2.8.1. Market size and projections, by type, 2015-2025
7.1.2.8.2. Market size and projections, by application, 2015-2025
7.1.2.8.3. Market size and projections, by end-user, 2015-2025
7.1.2.9. Rest of Europe
7.1.2.9.1. Market size and projections, by type, 2015-2025
7.1.2.9.2. Market size and projections, by application, 2015-2025
7.1.2.9.3. Market size and projections, by end-user, 2015-2025
7.1.3. Asia Pacific
7.1.3.1. Market size and projections, 2015-2025
7.1.3.2. Market size and projections, by type, 2015-2025
7.1.3.3. Market size and projections, by application, 2015-2025
7.1.3.4. Market size and projections, by end-user, 2015-2025
7.1.3.5. India
7.1.3.5.1. Market size and projections, by type, 2015-2025
7.1.3.5.2. Market size and projections, by application, 2015-2025
7.1.3.5.3. Market size and projections, by end-user, 2015-2025
7.1.3.6. China
7.1.3.6.1. Market size and projections, by type, 2015-2025
7.1.3.6.2. Market size and projections, by application, 2015-2025
7.1.3.6.3. Market size and projections, by end-user, 2015-2025
7.1.3.7. Japan
7.1.3.7.1. Market size and projections, by type, 2015-2025
7.1.3.7.2. Market size and projections, by application, 2015-2025
7.1.3.7.3. Market size and projections, by end-user, 2015-2025
7.1.3.8. South Korea
7.1.3.8.1. Market size and projections, by type, 2015-2025
7.1.3.8.2. Market size and projections, by application, 2015-2025
7.1.3.8.3. Market size and projections, by end-user, 2015-2025
7.1.3.9. Rest of APAC
7.1.3.9.1. Market size and projections, by type, 2015-2025
7.1.3.9.2. Market size and projections, by application, 2015-2025
7.1.3.9.3. Market size and projections, by end-user, 2015-2025
7.1.4. Latin America
7.1.4.1. Market size and projections, 2015-2025
7.1.4.1.1. Market size and projections, by type, 2015-2025
7.1.4.1.2. Market size and projections, by application, 2015-2025
7.1.4.1.3. Market size and projections, by end-user, 2015-2025
7.1.4.2. Brazil
7.1.4.2.1. Market size and projections, by type, 2015-2025
7.1.4.2.2. Market size and projections, by application, 2015-2025
7.1.4.2.3. Market size and projections, by end-user, 2015-2025
7.1.4.3. Rest of Latin America
7.1.4.3.1. Market size and projections, by type, 2015-2025
7.1.4.3.2. Market size and projections, by application, 2015-2025
7.1.4.3.3. Market size and projections, by end-user, 2015-2025
7.1.5. Middle East & Africa
7.1.5.1. Market size and projections, 2015-2025
7.1.5.1.1. Market size and projections, by type, 2015-2025
7.1.5.1.2. Market size and projections, by application, 2015-2025
7.1.5.1.3. Market size and projections, by end-user, 2015-2025
7.1.5.2. UAE
7.1.5.2.1. Market size and projections, by type, 2015-2025
7.1.5.2.2. Market size and projections, by application, 2015-2025
7.1.5.2.3. Market size and projections, by end-user, 2015-2025
7.1.5.3. Rest of MEA
7.1.5.3.1. Market size and projections, by type, 2015-2025
7.1.5.3.2. Market size and projections, by application, 2015-2025
7.1.5.3.3. Market size and projections, by end-user, 2015-2025
Chapter 8. Competitive Landscape
8.1.Competitive strategies
Chapter 9. Company Profiles
9.1.Apple (LuxVue)
9.1.1. Company overview
9.1.2. Product portfolio
9.1.3. Key developments
9.1.4. Financial performance
9.2.Ostendo Technologies
9.2.1. Company overview
9.2.2. Product portfolio
9.2.3. Key developments
9.2.4. Financial performance
9.3.Oculus VR
9.3.1. Company overview
9.3.2. Product portfolio
9.3.3. Key developments
9.3.4. Financial performance
9.4.PlayNitride
9.4.1. Company overview
9.4.2. Product portfolio
9.4.3. Key developments
9.4.4. Financial performance
9.5.InfiniLED
9.5.1. Company overview
9.5.2. Product portfolio
9.5.3. Key developments
9.5.4. Financial performance
9.6.Plessey Semiconductors
9.6.1. Company overview
9.6.2. Product portfolio
9.6.3. Key developments
9.6.4. Financial performance
9.7.Sony
9.7.1. Company overview
9.7.2. Product portfolio
9.7.3. Key developments
9.7.4. Financial performance
9.8.ALLOS Semiconductors
9.8.1. Company overview
9.8.2. Product portfolio
9.8.3. Key developments
9.8.4. Financial performance
9.9.Samsung
9.9.1. Company overview
9.9.2. Product portfolio
9.9.3. Key developments
9.9.4. Financial performance
9.10.VueReal
9.10.1. Company overview
9.10.2. Product portfolio
9.10.3. Key developments
9.10.4. Financial performance