Lucintel's latest market report analyzed that micro LED display provides attractive opportunities in the consumer electronic, automotive, advertisement, and aerospace and defence markets. The micro LED display market is expected to reach $0.8 billion by 2028 with a CAGR of 70.4%. In this market, automotive lighting is the largest segment by application, whereas consumer electronics is largest by end use industry.
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Based on application, the micro LED display market is segmented into general lighting and automotive lighting. The automotive lighting 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 extensive use of LEDs as rear lighting in vehicles due to their power efficiency.
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The Micro LED Display Market is marked by the presence of several big and small players. Some of the prominent players offering micro LED display include Aledia, LG Display, PlayNitride Inc., Rohinni LLC, and Nanosys.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.