Micro-LED, also known as microLED, mLED or µLED, is an emerging flat panel display technology. Micro-LED displays consist of arrays of microscopic LEDs forming the individual pixel elements. When compared to the widespread LCD technology, Micro-LED displays offer better contrast, response times, and energy efficiency.

Along with OLEDs, Micro-LED are primarily aimed at small, low-energy devices such as smartwatches and smartphones. OLED and Micro-LED both offer greatly reduced energy requirements compared to conventional LCD systems. Unlike OLED, Micro-LED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.
Samsung and Apple have been pushing Micro LED technology, which makes the industry look forward to its development prospects, many companies have entered. For example: Plessey Semiconductors, AU Optronics, LG Display, Lumiode, etc. At present, Samsung technology is relatively leading.The development of the Micro LED industry has spurred the development of upstream raw materials, and many raw material manufacturers are actively developing R&D of Micro LED raw materials.Nowadays, there are five mainly applications of Micro-LED, including Cellphone, Wearable Watch Device, AR/VR, TV and Others. And Cellphone is the main application for Micro-LED, and the Cellphone reached a sales volume of approximately 33492 K Units in 2030, with 59.81% of global sales volume.

Market Analysis and Insights: Global Micro-LED Market
The global Micro-LED market is valued at US$ 7 million in 2019. The market size will reach US$ 1537.8 million by the end of 2026, growing at a CAGR of 115.5% during 2021-2026.

Global Micro-LED Scope and Segment
Micro-LED market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Micro-LED market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Small Sized Panels
Medium Sized Panels
Large Size Panels
In 2019, Small Sized Panels accounted for a major share of 80% the global Micro-LED market. And this product segment is poised to reach 47320 K Unit by 2030 from 0.20 K Unit in 2019.

Segment by Application
Cellphone
Wearable Watch Device
AR/VR
TV
Others (Automotive Display, etc.)
In Micro-LED market, the Cellphone holds an important share in terms of application, and it is expected to reach a volume of 33492 (K Units) by 2030, at a CAGR of 291.90% during 2019 and 2030.

By Company
Samsung Electronics
Apple
Sony
Jbd
Lumens
LG Display
Innolux Corporation
VueReal
Plessey Semiconductors
AU Optronics
Lumiode
eLux, Inc.

Production by Region
North America
Europe
China
Japan
South Korea
Vietnam

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E