According to a new report, published by KBV research, The Global Micro-LED Market size is expected to reach $19.8 billion by 2027, rising at a market growth of 76.6% CAGR during the forecast period.
The Lighting market is estimated to grow at a CAGR of 81.2% during (2021 - 2027). LED lights offer more light with less consumption of electricity, Due to this, LED lights to save a significant amount on the electricity as well as cost on electricity bills. Owing to this factor, LED lights are widely being employed across the world in various applications, including the residential sector and industrial sector.
The Small & Medium-sized Panel segment is leading the Global Micro-LED Market by Panel Size 2020; thereby, achieving a market value of $10.2 billion by 2027. Nowadays, there are numerous manufacturers of devices such as smartphones, laptops, monitors, and various other displays, which are increasingly using these LEDs in their products. This factor is propelling the demand for small and medium panel displays across the market.
The Automotive segment has high growth rate of 78.3% during (2021 - 2027). The rising growth of this segment is attributed to the fact that various manufacturers across the automotive industry are incorporating LED displays in their vehicles’ infotainment systems. These displays are employed in vehicles for numerous purposes such as navigation and a rear-view camera. This factor is majorly driving the utilization of micro-LED displays in the automotive industry.
The Asia Pacific is the fastest growing region in the Global Micro-LED Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7.1 billion by 2027. The Europe market is estimated to witness a CAGR of 75.9% during (2021 - 2027). Additionally, The North America market would experience a CAGR of 75.5% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/micro-led-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Samsung Electronics Co., Ltd. (Samsung Group), Sony Corporation, Apple, Inc., Ostendo Technologies, Inc., Lumens.com, Konka Group Co., Ltd., Tianma Microelectronics Co., Ltd., X-Celeprint Limited (Xtrion N.V.), Nanosys, Inc., and Visionox Technology, Inc.
By Application
By Display Type
By Lighting Type
By Panel Size
By Vertical
By Geography
Companies Profiled
Unique Offerings 
