Lucintel's latest market report analyzed that micro LED in the global television provides attractive opportunities in the construction, automotive, transportation, electrical and electronics consumer products, medical devices, packaging, machinery, and equipment markets. The micro LED in the global television market is expected to reach $0.09 billion by 2028 with a CAGR of 67%. In this market, 41 to 50 inches is the largest segment by operational size type, whereas electrical and electronics industry is largest by application.
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Based on operational size type, the micro LED in the global television market is segmented into 30 to 40 inches, 41 to 50 inches, 51 to 60 inches, and 61 to 65 inches. The 41 to 50 inches segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing trend of purchasing bigger TVs for a theater-like viewing experience, declining prices of products, and quick incorporation of technology with appealing features encourages consumers to acquire televisions with larger screens.
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The Micro LED in the Global Television Market is marked by the presence of several big and small players. Some of the prominent players offering micro LED in the global television include Aledia, Apple Inc., eLux, Inc., Glo AB, LG Display, PlayNitride Inc., Rohinni LLC, Samsung Electronics, and Sony Corporation.
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