Lucintel's latest market report analyzed that micro LED in the global smartphone and tablet provides attractive opportunities in the OEMs, retail, and e-commerce sectors. The micro LED in the global smartphone and tablet market is expected to reach $0.53 billion by 2028 with a CAGR of 84.2%. In this market, e-commerce is the largest segment by distribution channel.
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Based on distribution channel, the micro LED in the global smartphone and tablet market is segmented into OEMs, retail, and e-commerce. The e-commerce 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 the increasing preference of consumers towards online shopping, growing trend of e-commerce and m-commerce, and rising penetration of marketing activities by smartphone and tablet vendors.
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The Micro LED in the Global Smartphone and Tablet Market is marked by the presence of several big and small players. Some of the prominent players offering micro LED in the global smartphone and tablet include Sony Group, Oculus VR, Samsung Electronics, X-Celeprint, Nanosys, Aledia, Verlase Technologies. and Jade Bird Display.
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