Lucintel’s latest market report analyzed that full color display technology in the global micro LED provides attractive opportunities in the consumer electronic, advertising, automotive, and aerospace and defense industries. The full color display technology in the global micro LED market is expected to reach $92.4 billion by 2028 with a CAGR of 67.9%. In this market, consumer electronics is the largest segment by end use industry.
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Based on end use industry, the full color display technology in the global micro LED market is segmented into consumer electronics, advertising, automotive, aerospace and defense, and others. The consumer electronics 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 emergence of a large number of start-ups with high R&D investments and the increasing importance of AR HMDs or smart glasses in the enterprise and industry applications.
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The Full Color Display 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 display technology in the global micro LED include Sony, Samsung Electronics, X-Celeprint, Nanosys, Jade bird display, and aledia.
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