The North America Micro-LED Market would witness market growth of 75.5% CAGR during the forecast period (2021-2027).
The consumer electronics sector is one of the world's fastest-growing industries, due to the quick development and increased accessibility of new technologies. Rapid technology advancements in order to meet clients’ requirements would open up opportunities for various new market entrants. In addition, due to increasing per capita income, rapidly growing population, and Internet penetration, consumer electronics, such as laptops and smartphones, are increasingly becoming popular in both developed and developing countries. Moreover, due to ongoing crucial technological advancements, the prevalence of these devices has increased in several economies. As a result, the utilization of micro-LED lights is increasing across the region.
LED lighting sales are increasing in North America owing to advancements in LED technology and constant innovations. Because LED technology regulates a diverse spectrum of light in accordance with many stages of plant growth, it has reduced energy waste in horticulture. Moreover, the introduction of smart light filling technologies is expected to offer new business opportunities. For instance, Signify Holding released the GreenPower LED interlighting Gen 3 technology for efficient crop development. Such developments would bring more opportunities for the growth of the regional market.
The increase in the development and investments in the real estate infrastructure in Vancouver and Toronto can be attributed to the region's growth. Additionally, the Government of Canada has enacted regulations requiring the registration of energy-labeled products.
The US market dominated the North America Micro-LED Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4,104.5 million by 2027. The Canada market is exhibiting a CAGR of 79.5% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 78% during (2021 - 2027).
Based on Application, the market is segmented into Display and Lighting. Based on Display Type, the market is segmented into Smartphones & Tablets, Smartwatch, Television, Near-to-Eye Devices, Head-up-displays, Digital Signage, and Others. Based on Lighting Type, the market is segmented into General Lighting and Automotive Lighting. Based on Panel Size, the market is segmented into Small & Medium-sized Panel, Large Panels and Micro Display. Based on Vertical, the market is segmented into Consumer Electronics, Advertising, Automotive, Aerospace & Defense and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Micro-LED Market is Estimated to reach $19.8 Billion by 2027, at a CAGR of 76.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Sony Corporation, Apple, Inc., Ostendo Technologies, Inc., Lumens.com, Konka Group Co., Ltd., Tianma Microelectronics Co., Ltd., X-Celeprint Limited (Xtrion N.V.), Nanosys, Inc., and Visionox Technology, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
By Display Type
- Smartphones & Tablets
- Smartwatch
- Television
- Near-to-Eye Devices
- Head-up-displays
- Digital Signage, and
- Others
By Lighting Type
- General Lighting and
- Automotive Lighting
By Panel Size
- Small & Medium-sized Panel
- Large Panels
- Micro Display
By Vertical
- Consumer Electronics
- Advertising
- Automotive
- Aerospace & Defense
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Samsung Electronics Co., Ltd. (Samsung Group)
- Sony Corporation
- Apple, Inc.
- Ostendo Technologies, Inc.
- Lumens.com
- Konka Group Co., Ltd.
- Tianma Microelectronics Co., Ltd.
- X-Celeprint Limited (Xtrion N.V.)
- Nanosys, Inc.
- Visionox Technology, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Micro-LED Market, by Application
1.4.2 North America Micro-LED Market, by Display Type
1.4.3 North America Micro-LED Market, by Lighting Type
1.4.4 North America Micro-LED Market, by Panel Size
1.4.5 North America Micro-LED Market, by Vertical
1.4.6 North America Micro-LED Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Micro-LED Market by Application
3.1 North America Display Market by Country
3.2 North America Display Market by Type
3.2.1 North America Smartphones & Tablets Market by Country
3.2.2 North America Smartwatch Market by Country
3.2.3 North America Television Market by Country
3.2.4 North America Near-to-Eye Devices Market by Country
3.2.5 North America Head-up-displays Market by Country
3.2.6 North America Digital Signage Market by Country
3.2.7 North America Other Display Type Market by Country
3.3 North America Lighting Market by Country
3.4 North America Lighting Market by Type
3.4.1 North America General Lighting Market by Country
3.4.2 North America Automotive Lighting Market by Country
Chapter 4. North America Micro-LED Market by Panel Size
4.1 North America Small & Medium-sized Panel Market by Country
4.2 North America Large Panels Market by Country
4.3 North America Micro Display Market by Country
Chapter 5. North America Micro-LED Market by Vertical
5.1 North America Consumer Electronics Market by Country
5.2 North America Advertising Market by Country
5.3 North America Automotive Market by Country
5.4 North America Aerospace & Defense Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Micro-LED Market by Country
6.1 US Micro-LED Market
6.1.1 US Micro-LED Market by Application
6.1.1.1 US Display Market by Type
6.1.1.2 US Lighting Market by Type
6.1.2 US Micro-LED Market by Panel Size
6.1.3 US Micro-LED Market by Vertical
6.2 Canada Micro-LED Market
6.2.1 Canada Micro-LED Market by Application
6.2.1.1 Canada Display Market by Type
6.2.1.2 Canada Lighting Market by Type
6.2.2 Canada Micro-LED Market by Panel Size
6.2.3 Canada Micro-LED Market by Vertical
6.3 Mexico Micro-LED Market
6.3.1 Mexico Micro-LED Market by Application
6.3.1.1 Mexico Display Market by Type
6.3.1.2 Mexico Lighting Market by Type
6.3.2 Mexico Micro-LED Market by Panel Size
6.3.3 Mexico Micro-LED Market by Vertical
6.4 Rest of North America Micro-LED Market
6.4.1 Rest of North America Micro-LED Market by Application
6.4.1.1 Rest of North America Display Market by Type
6.4.1.2 Rest of North America Lighting Market by Type
6.4.2 Rest of North America Micro-LED Market by Panel Size
6.4.3 Rest of North America Micro-LED Market by Vertical
Chapter 7. Company Profiles
7.1 Samsung Electronics Co., Ltd. (Samsung Group)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Sony Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Product launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Apple, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Product and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.6 SWOT Analysis
7.4 Ostendo Technologies, Inc.
7.4.1 Company Overview
7.5 Lumens.com
7.5.1 Company Overview
7.6 Konka Group Co., Ltd.
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Product Launches and Product Expansions:
7.7 Tianma Microelectronics Co., Ltd.
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 X-Celeprint Limited (Xtrion N.V.)
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.9 Nanosys, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Acquisition and Mergers:
7.10. Visionox Technology, Inc.
7.10.1 Company Overview
TABLE 1 North America Micro-LED Market, 2017 - 2020, USD Million
TABLE 2 North America Micro-LED Market, 2021 - 2027, USD Million
TABLE 3 North America Micro-LED Market by Application, 2017 - 2020, USD Million
TABLE 4 North America Micro-LED Market by Application, 2021 - 2027, USD Million
TABLE 5 North America Display Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Display Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Display Market by Type, 2017 - 2020, USD Million
TABLE 8 North America Display Market by Type, 2021 - 2027, USD Million
TABLE 9 North America Smartphones & Tablets Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Smartphones & Tablets Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Smartwatch Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Smartwatch Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Television Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Television Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Near-to-Eye Devices Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Near-to-Eye Devices Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Head-up-displays Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Head-up-displays Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Digital Signage Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Digital Signage Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Other Display Type Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Other Display Type Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Lighting Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Lighting Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Lighting Market by Type, 2017 - 2020, USD Million
TABLE 26 North America Lighting Market by Type, 2021 - 2027, USD Million
TABLE 27 North America General Lighting Market by Country, 2017 - 2020, USD Million
TABLE 28 North America General Lighting Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Automotive Lighting Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Automotive Lighting Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Micro-LED Market by Panel Size, 2017 - 2020, USD Million
TABLE 32 North America Micro-LED Market by Panel Size, 2021 - 2027, USD Million
TABLE 33 North America Small & Medium-sized Panel Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Small & Medium-sized Panel Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Large Panels Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Large Panels Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Micro Display Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Micro Display Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Micro-LED Market by Vertical, 2017 - 2020, USD Million
TABLE 40 North America Micro-LED Market by Vertical, 2021 - 2027, USD Million
TABLE 41 North America Consumer Electronics Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Consumer Electronics Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Advertising Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Advertising Market by Country, 2021 - 2027, USD Million
TABLE 45 North America Automotive Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Automotive Market by Country, 2021 - 2027, USD Million
TABLE 47 North America Aerospace & Defense Market by Country, 2017 - 2020, USD Million
TABLE 48 North America Aerospace & Defense Market by Country, 2021 - 2027, USD Million
TABLE 49 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 50 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 51 North America Micro-LED Market by Country, 2017 - 2020, USD Million
TABLE 52 North America Micro-LED Market by Country, 2021 - 2027, USD Million
TABLE 53 US Micro-LED Market, 2017 - 2020, USD Million
TABLE 54 US Micro-LED Market, 2021 - 2027, USD Million
TABLE 55 US Micro-LED Market by Application, 2017 - 2020, USD Million
TABLE 56 US Micro-LED Market by Application, 2021 - 2027, USD Million
TABLE 57 US Display Market by Type, 2017 - 2020, USD Million
TABLE 58 US Display Market by Type, 2021 - 2027, USD Million
TABLE 59 US Lighting Market by Type, 2017 - 2020, USD Million
TABLE 60 US Lighting Market by Type, 2021 - 2027, USD Million
TABLE 61 US Micro-LED Market by Panel Size, 2017 - 2020, USD Million
TABLE 62 US Micro-LED Market by Panel Size, 2021 - 2027, USD Million
TABLE 63 US Micro-LED Market by Vertical, 2017 - 2020, USD Million
TABLE 64 US Micro-LED Market by Vertical, 2021 - 2027, USD Million
TABLE 65 Canada Micro-LED Market, 2017 - 2020, USD Million
TABLE 66 Canada Micro-LED Market, 2021 - 2027, USD Million
TABLE 67 Canada Micro-LED Market by Application, 2017 - 2020, USD Million
TABLE 68 Canada Micro-LED Market by Application, 2021 - 2027, USD Million
TABLE 69 Canada Display Market by Type, 2017 - 2020, USD Million
TABLE 70 Canada Display Market by Type, 2021 - 2027, USD Million
TABLE 71 Canada Lighting Market by Type, 2017 - 2020, USD Million
TABLE 72 Canada Lighting Market by Type, 2021 - 2027, USD Million
TABLE 73 Canada Micro-LED Market by Panel Size, 2017 - 2020, USD Million
TABLE 74 Canada Micro-LED Market by Panel Size, 2021 - 2027, USD Million
TABLE 75 Canada Micro-LED Market by Vertical, 2017 - 2020, USD Million
TABLE 76 Canada Micro-LED Market by Vertical, 2021 - 2027, USD Million
TABLE 77 Mexico Micro-LED Market, 2017 - 2020, USD Million
TABLE 78 Mexico Micro-LED Market, 2021 - 2027, USD Million
TABLE 79 Mexico Micro-LED Market by Application, 2017 - 2020, USD Million
TABLE 80 Mexico Micro-LED Market by Application, 2021 - 2027, USD Million
TABLE 81 Mexico Display Market by Type, 2017 - 2020, USD Million
TABLE 82 Mexico Display Market by Type, 2021 - 2027, USD Million
TABLE 83 Mexico Lighting Market by Type, 2017 - 2020, USD Million
TABLE 84 Mexico Lighting Market by Type, 2021 - 2027, USD Million
TABLE 85 Mexico Micro-LED Market by Panel Size, 2017 - 2020, USD Million
TABLE 86 Mexico Micro-LED Market by Panel Size, 2021 - 2027, USD Million
TABLE 87 Mexico Micro-LED Market by Vertical, 2017 - 2020, USD Million
TABLE 88 Mexico Micro-LED Market by Vertical, 2021 - 2027, USD Million
TABLE 89 Rest of North America Micro-LED Market, 2017 - 2020, USD Million
TABLE 90 Rest of North America Micro-LED Market, 2021 - 2027, USD Million
TABLE 91 Rest of North America Micro-LED Market by Application, 2017 - 2020, USD Million
TABLE 92 Rest of North America Micro-LED Market by Application, 2021 - 2027, USD Million
TABLE 93 Rest of North America Display Market by Type, 2017 - 2020, USD Million
TABLE 94 Rest of North America Display Market by Type, 2021 - 2027, USD Million
TABLE 95 Rest of North America Lighting Market by Type, 2017 - 2020, USD Million
TABLE 96 Rest of North America Lighting Market by Type, 2021 - 2027, USD Million
TABLE 97 Rest of North America Micro-LED Market by Panel Size, 2017 - 2020, USD Million
TABLE 98 Rest of North America Micro-LED Market by Panel Size, 2021 - 2027, USD Million
TABLE 99 Rest of North America Micro-LED Market by Vertical, 2017 - 2020, USD Million
TABLE 100 Rest of North America Micro-LED Market by Vertical, 2021 - 2027, USD Million
TABLE 101 Key Information –Samsung Electronics Co., Ltd.
TABLE 102 Key Information – Sony Corporation
TABLE 103 Key Information – Apple, Inc.
TABLE 104 Key Information – Ostendo Technologies, Inc.
TABLE 105 Key Information – Lumens.com
TABLE 106 Key Information – Konka Group Co., Ltd.
TABLE 107 Key Information – Tianma Microelectronics Co., Ltd.
TABLE 108 Key Information – X-Celeprint Limited
TABLE 109 Key Information – Nanosys, Inc.
TABLE 110 Key Information – Visionox Technology, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 3 Swot analysis: sony corporation
FIG 4 SWOT Analysis: apple, Inc.