Lucintel’s latest market report analyzed that lighting vertical in the global micro LED provides attractive opportunities in the consumer electronic, advertising, automotive, and aerospace and defense markets. The lighting vertical in the global micro LED market is expected to reach $259.9 billion by 2028 with a CAGR of 66.9%. In this market, large panel is the largest segment by panel size, whereas automotive is largest by vertical.
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Based on panel size, the lighting vertical in the global micro LED market is segmented into micro display, small and medium-sized panel, and large panel. The large panel segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing demand of new switch-mode LED drivers, which can be integrated with high-power LEDs.
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The Lighting Vertical in the Global Micro LED Market is marked by the presence of several big and small players. Some of the prominent players offering lighting vertical in the global micro LED include Sony Corp., Epistar Corporation, JBD Inc., Aledia, ALLOS Semiconductors GmbH, Plessey Semiconductors, PlayNitride Inc., and VueReal Inc..
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