Lucintel Forecasts Micro-Display Panel in the Global Micro LED Market to Reach $0.35 Billion by 2028

Category: Business

According to the recent study the micro-display panel in the global micro LED market is projected to reach an estimated $0.35 billion by 2028 from $0.02 billion in 2023, at a CAGR of 72% from 2023 to 2028. Growth in this market is primarily driven by growing demand for bright and power-efficient display panels and increased trend for miniaturization of electronic device that has shifted the preference of electronic giants towards micro display panels. A more than 150 – page report is developed to understand trends, opportunities and forecast in micro-display panel in the global micro LED market by application (near to eye devices, smartphones & tablets, smartwatches, televisions, head-up display, monitors and laptops, and digital signage), end use industry (consumer electronics, automotive, advertisement, aerospace and defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World). Download sample report by clicking on below link https://www.lucintel.com/micro-display-panel-in-micro-led-market.aspx “Smartphones & tablets market is expected to remain the largest segment during the forecast period.” Based on application, the micro-display panel in the global micro LED market is segmented into near to eye devices, smartphones & tablets, smartwatches, televisions, head-up display, monitors and laptops, and digital signage. Lucintel forecasts that the smartphones & tablets market is expected to remain the largest segment due to increasing application of brighter and power-efficient display panels for smartphones and tablets. “Within the micro-display panel in the global micro LED market, the consumer electronics segment is expected to remain the largest end use industry” Based on end use industry the consumer electronics segment is expected to witness the highest growth over the forecast period due to the growing disposable income, improvement in standard of living among middle class population, and increasing adoption of this display panels in various consumer electronic devices. “Asia pacific will dominate the micro-display panel in the global micro LED market in near future” Asia-Pacific will remain the largest region due to presence of electronic giants and availability of cheap raw material in the region. Download Brochure of this report by clicking on https://www.lucintel.com/micro-display-panel-in-micro-led-market.aspx Major players of micro-display panel in the global micro LED market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Aledia, LG Display, PlayNitride Inc, Rohinni LLC, Samsung Electronics Co, Sony Corporation, and VueReal are among the major micro-display panel in the global micro LED providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/micro-display-panel-in-micro-led-market.aspx or helpdesk@lucintel.com