Global Micro Light-Emitting Diode (LED) Market 2019-2023
SKU ID : TNV-14498983 | Publishing Date : 19-Jul-2019 | No. of pages : 120
Global Micro Light-Emitting Diode (LED) Market: Overview
Integration of MicroLED in TVs
Several Tv manufacturers have started developing MicroLED based TV prototypes as MicroLEDs offer greater brightness and an incredible wide HDR color palette. These LEDs have a longer lifespan than OLED panels since there is no natural degradation. These advantages have increased the adoption of micro LEDs. This demand for MicroLEDs TVs will lead to the expansion of the global micro light-emitting diode (LED) market at a CAGR of over 398% during the forecast period.
Development of GaN-on-Si technology
LED production is based on a sapphire substrate. However, with the increasing market traction for MicroLEDs, vendors are shifting to Gallium nitride-on-silicon (GaN-on-Si) technology for MicroLEDs production. Many vendors are working toward the development of this technology. The advantage of using GaN-on-Si instead of sapphire substrate is higher yield. With this technology, larger wafer size can be achieved, which is beneficial for Micro LEDs because of the use of transfer stamps that allow maximum wafer surface area utilization and ensure cost savings. Owing to these advantages, vendors are concentrating on the development of MicroLEDs displays based on Ga-on-Si. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global micro light-emitting diode (LED) market during the forecast period 2019-2023, click here.
Competitive Landscape
With the presence of a few major players, the global micro light-emitting diode (LED) market is concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading milk chocolate manufacturers, that include LG Electronics Inc., PlayNitride Inc., Plessey Semiconductors Ltd., Samsung Electronics Co. Ltd., and Tianma Microelectronics Co. Ltd.
Also, the micro light-emitting diode (led) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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