Micro-LED Display Market to Reach $23.4 Bn, Globally, by 2030 at 77.1% CAGR: Allied Market Research
PORTLAND, Ore., April 21, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Micro-LED Display Market by Product (Large scale Display, Small and Medium-sized Display, Micro Display), by Application (Smartphone and Tablet, PC and Laptop, TV, Smartwatch, Others), by Industry Vertical (Consumer Electronics, Entertainment and Sports, Automotive, Retail, Government and Defense, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global micro-LED display industry generated $56.00 million in 2020, and is expected to reach $23.4 billion by 2030, witnessing a CAGR of 77.1% from 2021 to 2030.
- Increase in demand for bright and power-efficient display panels and rise in preference of electronic giants toward micro-LED displays drive the global micro-LED display market.
- According to the report, the global micro-LED display industry generated $56.00 million in 2020, and is expected to reach $23.4 billion by 2030, witnessing a CAGR of 77.1% from 2021 to 2030.
- Increase in demand for bright and power-efficient display panels and rise in preference of electronic giants toward micro-LED displays drive the global micro-LED display market.
- Owing to reduced advertising expenditure and postponement or cancellation of a few projects, the micro-LED display market has been negatively impacted.