The Latin America, Middle East and Africa Micro-LED Market is expected to witness market growth of 81.3% CAGR during the forecast period (2021-2027).
The market players across the micro-LED industry have to tackle various cutting-edge technologies such as OLED and LCD displays. The competition across the industry is expected to also encourage the market players to focus on innovating and developing various new and advanced technologies, which is expected to significantly benefit the micro-LED market over the forecast period.
Moreover, micro-LEDs are the latest type of display. Importantly, micro LEDs are a far brighter source than OLEDs, which can only give roughly 1000 Nits (cd/m2) for the same amount of power consumption, but micro LEDs can deliver hundreds of thousands of Nits for the same amount of power consumption. Additionally, as GaN-based LED technology matures, the focus of many research organizations has switched to the fabrication of higher-power, higher-efficiency LEDs, boosting demand for tiny LEDs due to their characteristics.
The Gulf Cooperation Council countries are taking measures towards implementing overall energy-efficiency norms and further expanding LED lighting technology and solutions. Progress in R&D is expected to result in significant solution and product innovations, which is expected to improve the quality as well as efficiency of LED lamps, due to which, the adoption of LED lamps is expected to expedite.
The LED lighting sector across the United Arab Emirates is being driven by the rising infrastructural developments in the commercial, retail, and industrial sector. LED lights do not release any greenhouse gases like carbon dioxide, methane, nitrous oxide, and chlorofluorocarbons, due to which, they are observing a surge in the demand in the ongoing and impending green-building projects around the country.
The Brazil market dominated the LAMEA Micro-LED Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $373.5 million by 2027. The Argentina market is poised to grow at a CAGR of 82.2% during (2021 - 2027). Additionally, The UAE market is expected to display a CAGR of 80.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
By Application
By Display Type
By Lighting Type
By Panel Size
By Vertical
By Country: Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market players across the micro-LED industry have to tackle various cutting-edge technologies such as OLED and LCD displays. The competition across the industry is expected to also encourage the market players to focus on innovating and developing various new and advanced technologies, which is expected to significantly benefit the micro-LED market over the forecast period.
Moreover, micro-LEDs are the latest type of display. Importantly, micro LEDs are a far brighter source than OLEDs, which can only give roughly 1000 Nits (cd/m2) for the same amount of power consumption, but micro LEDs can deliver hundreds of thousands of Nits for the same amount of power consumption. Additionally, as GaN-based LED technology matures, the focus of many research organizations has switched to the fabrication of higher-power, higher-efficiency LEDs, boosting demand for tiny LEDs due to their characteristics.
The Gulf Cooperation Council countries are taking measures towards implementing overall energy-efficiency norms and further expanding LED lighting technology and solutions. Progress in R&D is expected to result in significant solution and product innovations, which is expected to improve the quality as well as efficiency of LED lamps, due to which, the adoption of LED lamps is expected to expedite.
The LED lighting sector across the United Arab Emirates is being driven by the rising infrastructural developments in the commercial, retail, and industrial sector. LED lights do not release any greenhouse gases like carbon dioxide, methane, nitrous oxide, and chlorofluorocarbons, due to which, they are observing a surge in the demand in the ongoing and impending green-building projects around the country.
The Brazil market dominated the LAMEA Micro-LED Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $373.5 million by 2027. The Argentina market is poised to grow at a CAGR of 82.2% during (2021 - 2027). Additionally, The UAE market is expected to display a CAGR of 80.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Display and
- Lighting
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: Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. LAMEA Micro-LED Market by Application
Chapter 4. LAMEA Micro-LED Market by Panel Size
Chapter 5. LAMEA Micro-LED Market by Vertical
Chapter 6. LAMEA Micro-LED Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- 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.
Methodology
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