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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Global Micro LED Display Market.

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Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Global Micro LED Display Market."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 Global Micro LED Display Market to hit $14bn by 2024: Global Market Insights Inc.

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Micro LED Display Market size is projected to surpass USD 250 million in 2018, and is set to exceed USD 14 billion by 2024; according to a new research report by Global Market Insights, Inc. The industry expects shipments of approximately 1 million units by the end of 2018. Increasing demand for high-performance display solutions in advanced applications, such as wearable devices and automotive, will drive the micro LED display market growth. These energy-efficient devices potentially reduce the size of the wearable devices, thus encouraging the device manufacturers to adopt these components.  The manufacturers are increasingly investing in the technology development to enhance the functionality of these components, thus aiding the micro LED display market size. For instance, to produce these components, gallium nitride LED wafers are grown on sapphire substrates. However, some of the manufacturers are investing in research for developing gallium nitride on silicon technology to increase the uniformity in wavelength and lower the inspection costs. This will aid in the industry growth. Key Insights from Micro LED Display Market:

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The lack of awareness and inadequate patents in the industry are expected to restrict the micro LED display market growth in the short-term. Inadequate patents in the industry will lead to the emergence of a large number of counterfeit products. Due to the newness of the technology and lack of standard procedures for manufacturing these components, the threat of the counterfeit products is low in the short-term but is expected to increase in the long-term.  Lack of cost-effective procedure for the mass production of these components is expected to be one of the major restraining factors in the market. Currently, the manufacturing process is only cost-effective for the small-size displays. However, the manufacturers are working incessantly to develop a methodology for the mass production of these devices in variable sizes.  The development of hybrid OLED technology is expected to hamper the industry growth. In February 2018, Samsung announced that it is developing a hybrid QD OLED technology for TV panels. Continued...

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com UK micro LED display market size, by panel size, 2018 - 2024 (USD Million)

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Micro LED Display Market @ https://bit.ly/2zMODqu Request for a Sample of this Research Report @ https://bit.ly/2usgCXchttps://bit.ly/2usgCXc

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The technology, according to the company is highly efficient for mid-sized video panels such as TV screens. OLED micro display companies, such as eMagin, are also investing in research in this field. This will restrict the growth of the large micro LED display market.  Small panel size in micro LED display market is anticipated to grow rapidly to reach revenue share of over 30% by 2024 due to the surging demand for small devices such as smartphones, near-to-eye devices and smartwatches. These components have several advantages over currently used OLED technology such as high degree of luminance, powerful contrast, and low operating temperatures.  Furthermore, these devices owing to their low power consumption run for longer a life-span as compared to the traditional components. This is encouraging the manufacturers of handheld devices to increasingly implement these components in the devices. Continued...

7 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The Asia Pacific micro LED display market is anticipated to ship over 250 thousand units in 2018 grow due to the manufacturers of electronic devices rapidly switching to these components from the traditional LED or OLED components. Furthermore, the presence of a large number of electronic device manufacturers encourages the display manufacturers in the region to adopt newer versions of technology to remain competitive in the industry.  Germany micro LED display market growth will witness a surge over the forecast timespan due to the increasing usage of wearable devices in the country. The consumers are demanding technologically-advanced and visually- appealing gadgets as wearable devices.  Wearable device manufacturers are continuously innovating to develop the product according to the consumer requirements. Micro LED allow manufacturers to develop products, such as smartwatches, making them lightweight, compact, and energy-efficient. Continued...

8 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Industry Coverage

9 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Some of the major companies in the micro LED display market include Sony, Samsung Electronics, Apple, Inc., Epistar, Micro Mesa Technologies, Plassey Semiconductor Technology, VerLASE Technology, and Glo AB.  The industry is characterized by intense competition among the players for product development such as Apple and Sony. For instance, Leyard Optoelectronics launched a micro LED wall super small pitch of about P0.9.  The main application of these components is projected to be indoor surveillance displays, unlike Sony and Apple that are focusing on wearable devices applications. Companies

10 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Chapter 1. Methodology and Scope 1.1. Methodology 1.1.1. Initial data exploration 1.1.2. Statistical model and forecast 1.1.3. Industry insights and validation 1.1.4. Definition and forecast parameters 1.1.4.1. Definitions 1.1.4.2. Assumptions, methodology & forecast parameters 1.2. Data Sources 1.2.1. Primary 1.2.2. Secondary Chapter 2. Executive Summary 2.1. Micro LED display industry 3600 synopsis, 2018 - 2024 2.1.1. Business trends 2.1.2. Regional trends 2.1.3. Application trends 2.1.4. Panel size trends Table OF Content

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