At 54+% CAGR, Micro-LED Market Potentially Worth $19,921.3 Million by 2025 Led by North America

PUNE, India, April 23, 2017 /PRNewswire-iReach/ -- The smartphones are expected to grow at the highest rate in the micro-LED market. There is a huge market potential for micro-LED display devices in the consumer electronics vertical due to the increasing demand for devices such as smartphones and smart wearables. Smartphones are expected to witness high growth in shipments between 2021 and 2025. Premium smartphones in the display market usually incorporate the latest available display technology owing to superior quality pictures that it offers. Micro-LED technology, once commercialized for smartphones, is expected to penetrate into the premium smartphone market at a high rate. Complete report on "Micro-LED Market" spread across 164 pages, profiling 11 companies and supported with 32 tables and 93 figures is now available athttp://www.rnrmarketresearch.com/micro-led-market-by-offering-display-panel-and-lighting-device-application-smartwatch-nte-device-smartphone-tablet-laptop-pc-monitor-tv-hud-digital-signage-display-lighting-vertical-aqnd-geography-st-to-2025-market-report.html .

North America is expected to hold the largest share of the micro-LED market owing to the high adoption rate of the latest display and lighting technologies, especially in the consumer electronics and retail verticals. North America holds the largest market size and APAC witness the highest growth in the micro-LED market. The market in the APAC region is expected to grow at the highest rate due to the presence of major display panel manufacturers, LED foundries, and brand product manufacturers in the region - companies usually launch their new products or technologies in their native regions. Early exposure to the latest display and lighting products is expected to be the driving factor for the growth of the market in the consumer electronics and other industries in APAC.

The rising demand for OLED displays, high growth of the flexible display market, and adoption of folded displays for smartphones in the near future are restraining the growth of the market. Devices such as TV, smartphone, tablet, laptop, PC monitor, and smart wearables come under consumer electronics. These applications account for a significant share of the micro-LED market, thereby the consumer electronics industry. Rising demand for attractive and high specification display products is the main driver for the high growth and large market share of the consumer electronics vertical.

The consumer electronics hold the largest share of the micro-LED market between 2019 and 2025. This report segments the micro-LED market comprehensively and provides the closest market size estimation for major industry verticals and applications across various regions. This report is likely to help stakeholders better understand their competitors and gain insights on ways to improve their position in the business. The competitive landscape section includes the competitor ecosystem, overview of the business strategies of Top 25 players and respective product (technology) offerings, new product or prototype developments, partnerships, and mergers and acquisitions.

This research study is obliging for following audience:

The report profiles the key players in the micro-LED market. The prominent players profiled in this report are Apple, Inc. (U.S.), Sony Corp. (Japan), and Oculus VR (U.S.), VerLASE Technologies LLC (U.S.), X-Celeprint Ltd. (Ireland), Ostendo Technologies Inc. (U.S.), Cooledge Lighting Inc. (Canada), Aledia (France), GLO AB (Sweden), Rohinni LLC (U.S.), and Epistar Corp. (Taiwan).Download PDF Brochure "Micro-LED Market by Offering (Display Panel and Lighting Device), Application (Smartwatch, NTE Device, Smartphone & Tablet, Laptop & PC Monitor, TV, HUD, Digital Signage Display, Lighting), Vertical, aqnd Geography - Global Forecast to 2025" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=969924 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (10%), Tier 2 (48%) and Tier 3 (42%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (65%), Directors (24%) and others (11%) from various key organizations operating in the micro-LED market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (30%), APAC (20%) and Row (5%).

Research Coverage: This research report categorizes the market by offering, vertical, application, and geography. It provides patent analysis and possible market value chain of the micro-LED market. The report also discusses major drivers, restraints, challenges, and opportunities for the market. Key players have been strategically profiled across the value chain. Report also provides the competitive analysis of Top 25 players in the market with their product (technology) offering and business strategies.

On a related note, another research titled LED Materials Market Global Forecast to 2021says, the global LED materials market is projected to reach $12.55 billion by 2021, at a CAGR of 9.9% from 2016 to 2021. Wafers are the fastest-growing material type segment during the forecast period. Rising demand in Asia-Pacific is the major driver of the LED materials market. Companies such as Sumitomo electric (Japan), Hitachi Metals (Japan), Cree, Inc. (U.S.), Seoul Semiconductors (South Korea), Nichia Corporation (Japan), Epistar Corporation (Taiwan), Koninklijke Philips N.V. (Netherlands), OSRAM Licht AG (Germany), II-VI incorporated (U.S.), and AkzoNobel (Netherlands) have been profiled in this 121 pages research report available at http://www.rnrmarketresearch.com/led-materials-market-by-material-type-substrate-wafer-epitaxy-phosphor-application-general-lighting-residential-industrial-outdoor-automotive-lighting-interior-exterior-backlighting-and-region-gl-st-to-2021-market-report.html .

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