According to the most recent analysis by Emergen Research, the size of the global micro Light Emitting Diode (LED) display market reached USD 592.0 Million in 2021 and is projected to grow at a revenue CAGR of 80.9% during the forecast period. The market revenue growth is primarily driven by sizable investments made by major businesses in the development of microLED devices.
The three main supply chain steps required for the mass production of micro-LED displays are panel manufacturing, mass transferring, and micro-LED manufacturing. Large-scale display production will require these three processes to come together. In comparison to LCD or OLED displays, the supply chain for micro-LED displays is more intricate and drawn out. Given the maturity of the technology, the supply chain for LCDs, which includes a variety of materials and components, is well established. One or two players can control the supply chain because there are fewer components in the display panel. Every process in the supply chain for micro-LEDs is crucial, thus it will be difficult for one or two players to properly control each stage of the supply chain. There is no single business that is positioned to cover the full supply chain of micro-LED displays, according to the patent portfolios of the various companies and their dispersion.
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As the percentage of people living in cities rises daily, traffic congestion results. Only 46.72 percent of the world’s population resided in cities in 2000; by 2007, the proportion had increased to 50.14 percent for the first time. Mobility on a personal and professional level is quite difficult in cities. Because of the rising levels of urbanisation and population, it is becoming more difficult for the average person to commute. Additionally, the amount of business conducted both within cities and with partners outside of cities will increase along with the urban population. As urban populations rise and business expands, transportation usage tends to rise as well. For instance, traffic will increase when cities’ populations rise due to companies like e-commerce, postal & logistics, and restaurants.
Key Highlights From the Report
In 2021, the large-scale display segment had a modest revenue share. One of the main factors influencing this segment’s revenue growth is the expanding use of digital flat screens for commercial purposes, such as for displaying advertisements and real-time messages in retail stores, corporate offices, and public spaces. End-use businesses want to set up sizable displays in their showrooms in order to better draw in and interact with clients and visitors. In addition, the excellent performance, broad functionality, and improved durability of this type of display contribute to its popularity.
Over the course of the forecast period, the head-up display segment is anticipated to have rapid revenue growth. This segment’s revenue growth is largely driven by rising demand from the gaming and entertainment industries. In order to provide users a more realistic experience, the gaming and entertainment sectors use head-up displays.
Some Major Companies Apple Inc., Sony Corporation, Aledia, eLux, Inc., LG Electronics, EPISTAR Corporation, PlayNitride Inc., VueReal, Samsung Electronics, Rohinni, Nanosys, Inc., and Jade Bird Display.
Emergen Research has segmented the global microLED market based on product, application, industry, and region:
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Emergen Research | Web: www.emergenresearch.com
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