According to the Global Micro-LED Market Outlook, 2027” report published by Bonafide Research, the Micro-LED market is anticipated to grow at a CAGR of over 81% in value by the end of the forecast period.Increasing demand for premium electronics such as smartphones, near-eye (AR and VR) devices, TVs, and smart watches are key drivers of the Micro-LED market during the forecast period.MicroLED, also called mLED or µLED, is an emerging technology consisting of arrays of tiny LEDs that make up the individual pixel elements.Micro-LED is an automatic emission technology that uses very microscopic LEDs.It uses a TFT (Thin Film Transistor) circuit to control each pixel, just like other display technologies.Unlike the LCD screen, an auto emitting screen does not require a backlight.Compared to mainstream LCD technology, Micro-LED displays offer higher contrast, reduced response times and power requirements compared to conventional LCD displays and also offer pixel-level light control and a high contrast ratio.Get Free Sample Report: https://www.bonafideresearch.com/samplereport/220239981/global-micro-led-marketMicroLED technology was first introduced in 2000 by Hongxing Jiang and Jingyu Lin's research group at Texas Tech University while at Kansas State University.Following the first report of electric injection MicroLEDs based on indium gallium nitride (InGaN) semiconductors.Various MicroLED pixel array on-chip connection schemes enabling the development of single-chip high-voltage AC/DC LEDs have been employed to address the compatibility issue between high-voltage electrical infrastructure and the operating nature of LEDs. low voltage of the LEDs and the high brightness itself.-micro emissive screens.In 2012, Sony Corporation demonstrated the first micro-LED TV (55″, Full-HD) which they called Crystal-LED, but it never made it to market.In 2016, the company launched its large-area outdoor micro-LED screens which it called Canvas Display. After two years, Samsung was the first company to launch MicroLED to the consumer market called The Wall.”In recent years, consumer interest in and demand for large-screen televisions has continued to grow rapidly.In Global Market, the Asia Pacific region leads the market and has the fastest CAGR during the forecast periods.China and South Korea are the leading countries in the Asia Pacific region.Followed by Asia Pacific, North America contributes about 37% in 2021. The Micro-LED market is segmented on the basis of applications such as display and lighting.The main application of Micro-LED on display is near-eye (AR and VR) devices, television, smartphone and tablet, monitor and laptop, head-up display and digital signage.NTE devices such as AR and VR contributed more than 25% in 2021 and led the market share in the forecast period.Currently, by end-user segment, the consumer electronics industry leads the market during the forecast period and contributed approx.56% in the MicroLED market.Impact of Covid-19 on Micro-LED Market: In 2020, a sudden outbreak of the COVID-19 pandemic affected the demand for Micro-LED globally.In the same year, the micro-LED market posted negative growth due to the imposition of lockdown in almost all major countries, which disrupted the supply chain, halted manufacturing activities, and affected research and development activities, which caused a delay in production.Main Companies present in the market: LuxVue Technology (Apple Inc.), Oculus VR Inc. (Meta Inc.), Sony Corporation, Samsung Electronics Co., Limited, LG Display Co. Limited, Innolux Corporation, Epistar Corporation, Ostendo Technologies, Inc, JBD Inc., Rohinni LLC, Optovate Limited, Aledia SA, Plessey Semiconductors Limited, VueReal Inc., ALLOS Semiconductors GmbH.Considered in this report – Geography: Worldwide – Base year: 2021 – Estimated year: 2022 – Forecast year: 2027Aspects Covered in This Report – Global Micro-LED Market with its Value and Forecast along with its Segments – Micro-Market Analysis by Region – Various Drivers and Challenges.– Ongoing trends and developments – Better profiled companies – Strategic recommendationRegions covered in the report – North America – Europe – Asia-Pacific – LAMEA (Latin America, Middle East and Africa)By panel size in the report: – Microscreen – Small and Medium – Large panelBy app in report: – Display – Smartwatch – Near-Eye Devices (AR and VR) – Television – Smartphone and Tablet – Monitor and Laptop – Header Screen – Digital Signage – Others – PoweringBy end user in the report: – Consumer Electronics – Automotive – Aerospace and Defense – Other End UsersThe Approach of the Report: This report consists of a combined approach of primary and secondary research.Initially, secondary research wasit is used to understand the market and list the companies that are present in the market.Secondary research consists of third-party sources such as press releases, company annual reports, analysis of government-generated reports and databases.After collecting the data from secondary sources, primary research was conducted through telephone interviews with the main players on how the market works and then trade calls were made with traders and distributors in the market.Post this, we've started to make mainstream calls to consumers by segmenting consumers equally across region, tier, age group, and gender.Once we have primary data with us, we start verifying the details obtained from secondary sources.Target Audience This report can be useful for industry consultants, manufacturers, suppliers, associations and organizations related to the Micro-led and LED industry, government bodies and other interested parties to align their market-focused strategies.In addition to marketing and presentations, you will also increase competitive knowledge about the industry.This report will help you to answer the following questions: 1. At what rate will the global Micro-LED market grow in the forecast period?2. What are the applications of Micro-LED?3. Who is the leading end-user industry that uses Micro-LED the most?4. Which application of Micro-LED leads the market?5. What is the impact of COVID-19 on the Micro-LED market?Get Full Access to Report: https://www.bonafideresearch.com/product/220239981/global-micro-led-marketSteven Thomas – Sales and Marketing Manager Email: sales@bonafideresearch.com Asia Pacific: +91 7878231309 Europe: +44 20 8089 0049 North America: +1 201 793 8545 https://www.bonafideresearch.com/Bonafide Research is the fastest growing global market research and consulting company providing syndicated research reports, custom research reports and consulting services to a variety of verticals.They have been working closely with a wide client base ranging from Fortune 1000 companies to small and medium-sized businesses, helping them keep up with the ever-changing market landscape.Bonafide has continually striven to evolve and improve the quality of the report with each passing day.Bonafide Research has a strong base of analysts and consultants from various areas of expertise who track the latest global economic, demographic, business and market data and help clients make informed business decisions.They regularly update their market research studies to ensure that their clients get the latest, relevant, actionable and valuable information for strategy development and extracting tangible results.Your email address will not be published.Required fields are marked with *Save my name, email, and website in this browser for the next time I comment.