Global Micro-LED Market to See $10.7 billion Revenues in 2022

Micro-LED Market segmentation

Glen Allen, VA:  Industry analyst firm n-tech Research has just published a new report titled, “Micro-LED Market Opportunities: 2018-2027” that forecasts the global micro-LED market will grow from $2.7 billion in revenues in 2019 to $10.7 billion in 2022. n-tech believes micro-LED technology is making substantial advances, which will produce substantial opportunities in the coming years.  Additional details about the report including a full table of contents and sample are available at https://www.ntechresearch.com/market-reports/microled-market/

Micro-LED Market segmentation

 

About the Report:

This report analyzes and forecasts the commercial potential of the micro-LEDs in critical applications including AR/VR, HUDs (heads-up displays), smart watches, phones and tablets, computing, large-area displays, video walls and non-display uses such as lighting, lithography, LiFi and healthcare.  Detailed (volume and value) ten-year forecasts for the micro-LED market are also included. In the report n-tech also compares micro-LED technology performance with LCD and OLEDs.

This new n-tech report also reviews all the significant technical approaches to developing and fabricating micro-LED solutions by dozens of companies and provides guidance on their likely success and expected outcomes. In addition, the report touches on color conversion schemes and materials, especially quantum dots, and their integration with monolithic micro-LED fabrication.

There is also coverage of the major substrate materials producers (sapphire or silicon wafers), MOCVD epi-layers deposition equipment companies, micro-LED chip fabricators, mass-transfer equipment developers, quantum dot companies, panel makers and OEMs.

From the Report:

  • Micro-LEDs have superior performance qualities to other advanced display technologies. Micro-LED technology has already proven itself superior to LCDs and OLEDs through numerous working prototypes evaluations.  Such superiority will be an immediate enabling factor in near-eye AR/VR projectors and automotive HUDs.  Such applications require a combination of small form factor, low weight, super-high resolution and super-high brightness.
  • The smart watch market is another lucrative opportunity for micro-LEDs.  Here, the combination of extremely low power consumption and very strong brightness make micro-LEDs an obvious choice for wearable displays. n-tech sees this segment as generating $1.6 billion in 2022.
  • Growth expected in extra-large displays.  Such displays are used in video walls, digital cinemas, digital signage and home theaters, where n-tech believes they will greatly benefit from the scalability of micro-LED technology to large areas (already demonstrated by Sony and Samsung).  Micro-LEDs also offer the “giant scree” sector the possibility of hybridization with other functionalities, and compatibility with flexible and transparent display designs.
  • micro-LEDs not for everyone.  n-tech believes that there are still applications where micro-LEDs will have a hard time penetrating.  These include smartphones, tablets and regular TV market, where LCD and OLED technologies will continue to do well. Benefits from micro-LEDs are just not very obvious in these markets although low power consumption could be something of a selling feature for tablets and smart phones

 About n-tech:

n-tech Research is the recognized leader in providing industry analysis and forecasts for emerging technologies and advanced and smart materials.  Visit the firm’s website at http://www.ntechresearch.com  for a full listing of the company’s reports and other services.

 

Contact:

Robert Nolan
n-tech Research
(804) 938-0030
rob@ntechresearch.com

 

Industry Analyst Firm NanoMarkets Announces Rebrand as n-tech Research

Glen Allen, VA: Industry analyst firm NanoMarkets has rebranded to n-tech Research. The firm’s focus while remaining within areas of advanced materials, energy and electronics has expanded to address the growing trend towards smarter materials and surfaces.   n-tech Research sees smart materials growing in importance over the next several years particularly driven by the internet of things (IoT ) , smarter wearable electronics and a far more interconnected world.

With the adoption of its new brand, tagline and logo, n-tech Research has launched its new website at http://www.ntechresearch.com  The firm’s ownership and legal operating status as NanoMarkets LC remains unchanged.

Coverage Areas

n-tech Research’s focus areas will be directed towards

  • Smart Materials -coatings, surfaces
  • Radiation Detection-materials and systems
  • Glass-smart windows and glass, glazing, solar
  • OLEDs-Materials, displays, lighting and manufacturing
  • Emerging Electronics-sensors, wearables, power sources, smart lighting
  • Renewables-next generation photovoltaics, DSC, BIPV and OPV
  • Advanced Materials-transparent conductors, nanomaterials, conductive inks and pastes

The firm will continue to publish reports as its core business with additional offerings in services and consulting.

About n-tech Research

n-tech Research is the leading provider of market research and industry analysis for the advanced materials sector, with a special focus on the latest functional and smart materials.  The company is the next evolution of NanoMarkets and represents a rebrand and more from what has been an extremely successful firm that started back in 2004.

Our reports and services are designed to identify the latest business opportunities, whether they involve printing, coating, or patterning materials.  Our client roster is a who’s who of companies in specialty chemicals, materials, electronics applications and manufacturing.

Contact:

Robert Nolan
n-tech Research
(804) 938-0030
rob@ntechresearch.com