Display and Lighting Panels Operating on Micro-LED Technology to Reach $20 Billion by 2025

Press Release from MarketResearch.com Inc

ROCKVILLE, Md., Nov. 6, 2017 /PRNewswire/ -- Worldwide demand for Micro-LED-based display and lighting panels is forecast to reach $20 billion by 2025, growing at a CAGR of 54.7% between 2019 and 2025, according to Micro-LED Market by Offering (Display Panel and Lighting Device), Application (Smartwatch, NTE Device, Smartphone & Tablet, Laptop & PC Monitor, TV, HUD, Digital Signage Display, Lighting), Vertical, and Geography - Global Forecast to 2025, a report recently released by MarketsandMarkets Research Private Ltd. Based on the current manufacturing capabilities and technology advancements, Micro-LED, a type of direct-view LED technology, may witness commercialization in smartwatches by 2019 and in smartphones and tablets by 2021. "Display applications will dominate and drive the growth of the market during the forecast period and are expected to account for more than 95% of the market by 2025," said Sachin Garg, Associate Director at MarketsandMarkets.

MarketResearch.com Logo (PRNewsFoto/MarketResearch.com)

Applications such as NTE devices, smartphones, tablets, laptops, and HUDs will register higher growth rate, whereas TV, PC monitor, and digital signage applications are expected to show relatively low growth rate during the forecast period. The majority of these applications cater to consumer electronics industry, where the market is expected to register the highest growth.

These and other key insights are featured in Micro-LED Market:

Total demand and shipments are segmented by products in terms of:

  • Display
    • Near-to-Eye (NTE) Device
    • Smartwatch
    • Smartphone and Tablet
    • PC Monitor and Laptop
    • TV
    • Heads-Up Display (HUD)
    • Digital Signage Display
  • Lighting
    • Automotive Lighting
    • General Lighting

More information about the report is available at http://www.marketsandmarkets.com/Market-Reports/micro-led-market-119830236.html

About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats that will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ about their pain points around revenues decisions.

BROWSE RELATED REPORTS:

About MarketResearch.com
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance.

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@marketresearch.com

Companies Mentioned in this Press Release:
Business Categories Mentioned in this Press Release: