Press release
Micro-LED Market Proving Great Growth | Coherent Market Insights
Micro-LED is a reduced form of LED with a matrix, which provides efficient power, color, brightness and response time. Also known as microLED or mLED. Micro-LED is used for smartphones, tablets, laptops, televisions, smart watches, headsets, and other instantaneous (NTE) devices.
Market Drivers:-
Rising demand for low power and small devices such as Smartphones and smart watches stimulates the growth of the micro-LED market. The growing number of smartphone users worldwide is expected to stimulate market growth during the monsoon season. For example, according to the Australian Communications and Media Authority, in May 2012, the number of smartphone owners in Australia was 8.67 million, an increase of 104% since 2018. light-emitting technology, is one of the factors hindering the growth of the global micro-LED market.
Market Opportunities:-
Strategic partnerships with e-commerce providers are one of the major ways, driving the growth of the micro-LED market. Manufacturers are focusing on digital marketing programs, in order to expand their consumer base and make money. Key market players focus on strategic partnerships and alliances with online retailers, in order to provide smaller LED building products to consumers more easily at affordable prices. For example, in July 2014, Phillips Lighting Limited entered into a strategic partnership with Amazon.com, Inc. to improve its presence in the global market.
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Major players working in the global Micro-LED Market include : Apple Inc., Sony Corp., Tianma Micro-electronics, Ostendo Technologies, Inc., Oculus, VerLASE Technologies, Samsung Electronics Co., Ltd., ALLOS Semiconductors GmbH, JBD Inc, GLO-USA, INC., Uniqarta, Inc, Epistar Corporation, VueReal, Aledia, Plessey Semiconductors Ltd, Mikro Mesa Technology Co., Ltd., Sharp Corporation, and others.
Geographically, a detailed analysis of consumption, revenue, market shares, and growth rate of the following regions:
Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico and Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, the Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).
The report answers questions such as:
1. What is the market size and forecast of the Global Micro-LED Market?
2. What factors hinder the impact of COVID-19 in shaping the Global Micro-LED Market during the forecast period?
3. What products / components / applications / areas should you invest in the forecast period in the Global Micro-LED Market?
4. What is the competitive window for opportunities in the Global Micro-LED Market?
5. What are the technical and regulatory trends in the Global Micro-LED Market?
6. What is the market share of the leading retailers in the Global Micro-LED Market?
7. What methods and strategies are considered appropriate to enter the Global Micro-LED Market?
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About Coherent Market Insights :
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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