Global and Japan Micro Light Emitting Diode (LED) Market Insights, Forecast to 2027

Micro-LED, also known as microLED, mLED or µLED, is an emerging flat panel display technology. Micro-LED displays consist of arrays of microscopic LEDs forming the individual pixel elements. When compared to the widespread LCD technology, Micro-LED displays offer better contrast, response times, and energy efficiency.
Along with OLEDs, Micro-LED are primarily aimed at small, low-energy devices such as smartwatches and smartphones. OLED and Micro-LED both offer greatly reduced energy requirements compared to conventional LCD systems. Unlike OLED, Micro-LED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.
Micro-LEDs are still too expensive and not ready for mass production yet-even after years of R&D.
Samsung and Apple have been pushing Micro LED technology, which makes the industry look forward to its development prospects, many companies have entered. For example: Plessey Semiconductors, AU Optronics, LG Display, Lumiode, etc. At present, Samsung technology is relatively leading.
Asia-Pacific is the largest consumption place, with a consumption market share nearly 52% in 2019. Following Asia-Pacific, North America is the second largest consumption place with the consumption market share of 44%.
Nowadays, there are five mainly applications of Micro-LED, including Cellphone, Wearable Watch Device, AR/VR, TV and Others. And Cellphone is the main application for Micro-LED, with 59% of global sales volume.

Market Analysis and Insights: Global and Japan Micro Light Emitting Diode (LED) Market
This report focuses on global and Japan Micro Light Emitting Diode (LED) market.
In 2020, the global Micro Light Emitting Diode (LED) market size was US$ 7 million and it is expected to reach US$ 6618.7 million by the end of 2027, with a CAGR of 38.2% during 2021-2027. In Japan the Micro Light Emitting Diode (LED) market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Micro Light Emitting Diode (LED) Scope and Market Size
Micro Light Emitting Diode (LED) market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Micro Light Emitting Diode (LED) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For Japan market, this report focuses on the Micro Light Emitting Diode (LED) market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in Japan.

Segment by Type
Small Sized Panels
Medium Sized Panels
Large Size Panels

Segment by Application
Cellphone
Wearable Watch Device
AR/VR
TV
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Samsung Electronics
Apple
Sony
Jbd
Lumens