Lucintel's latest market report analyzed that full color lighting technology in the global micro LED provides attractive opportunities in the general lighting and automotive lighting applications. The full color lighting technology in the global micro LED market is expected to reach $48.9 billion by 2028 with a CAGR of 67.9%. In this market, automotive lighting is the largest segment by application.
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Based on application, the full color lighting technology in the global micro LED 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 its increasing application in intelligent headlamp, central tunnel taillight, HDR automotive display, and ambient light applications.
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The Full Color Lighting Technology in the Global Micro LED Market is marked by the presence of several big and small players. Some of the prominent players offering full color lighting technology in the global micro LED include Sony Corporation, Epistar Corporation, Lumens, Plessy Semiconductor, X-Celeprint, PlayNitride, Plessey Semiconductor, JBD Inc., Ostendo Technologies, and MICLEDI.
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