The global GaN Micro-LED Market size is expected to grow from USD 514.4 Million in 2022 to USD 7,383.0 Million by 2029. The GaN Micro-LED market is anticipated to grow at a CAGR of 46.3% from 2022 to 2029.
| Attribute | Details |
|---|---|
| 2022 Market Value | USD 514.4 Million |
| 2029 Market Value | USD 7,383.0 Million |
| CAGR% (2022 to 2029) | 46.3% |
| Share of Top 5 Market Players | 47% |
The GaN Micro-LED demand accounted for almost 5% market share of the global micro-LED market. The GaN Micro-LED market is anticipated to show noteworthy growth over the forecast period. The growing use of near-eye displays (NED) or wearable displays to experience virtual reality is estimated to propel the demand.
In addition, the rising adoption of wearable displays for smartwatches and head-mounted displays (HMDs) coupled with the emerging trend of infotainment in automobiles is another instance, which is likely to usher in rapid changes in the global GaN Micro-LED market.
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 39.1% |
| H1,2022 Projected (P) | 49.2% |
| H1,2022 Outlook (O) | 42.0% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 720 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 290 ↑ |
Micro LEDs are a new type of display technology. Importantly, tiny LEDs are substantially brighter than OLEDs, with brightness three or four times greater. The constant consumer desire for improved display technologies is driving the growth of the GaN Micro LED market, as GaN Micro LED gives greater brightness without a backlight and lower power usage.
According to the FMI study, the difference in BPS values seen in the GaN micro-LED market in H1, 2022 - Outlook (O) against H1, 2022 Projected (P) represents a 720-unit decline. Because its expensive pricing and intricate design are expected to restrict market expansion. Furthermore, when comparing H1 2022 (O) to H1 2021 (A), there is a 290-unit increase.
The rise in in-vehicle connectivity, rise in streaming services, consumer desire for high-end home multimedia solutions, and upsurge of demand in foldable and elastic technologies are projected to push the GaN micro-LED market expansion even more.
The global GaN Micro-LED market was valued at USD 50.9 Million in 2014. The demand for GaN Micro-LED rose with a CAGR of 32.6% during the period from 2014 to 2021. North America and Asia Pacific excluding Japan (APEJ) have been witnessing significant growth over the past few years in the GaN Micro-LED market.
The reason for this is attributable to the rising demand for GaN Micro-LED displays and GaN Micro-LED lighting systems from these regions. The automotive segment is set to register the highest market share of 21.5% in the global GaN Micro-LED market in 2022.
Future expansion of the GaN micro-LED market is likely to work in tandem with consumers seeking out increasing incorporation and the latest innovations in advanced display technologies that not only eliminate the need for backlight but also appear much brighter than conventional displays.
Moreover, as the demand for digital visuals is accelerating and the human-machine interface remains at the forefront of engineering & design, a rapid growth of GaN micro-LED sales is on the horizon.
Demand for video streaming, rise in infotainment systems in automobiles, surging trend in foldable display and flexible technologies, and consumers' demand for high-end home entertainment solutions are expected to fuel the GaN Micro-LED market growth during the forecast period.
It is highly likely that GaN Micro-LED will become a mainstream product soon owing to the pace at which technological advancements take place and consumer demand changes. Furthermore, demands stemming from newer consumers are expected to shape the growth trajectory of the global GaN Micro-LED market during the period of assessment.
A drop in the price of the products integrated with GaN Micro-LED will lead to its use in various applications and wider acceptance among consumers.
Currently, the USA market anticipates the largest consumption of GaN Micro-LED in the North American region and accounted for the market share of around 74% in 2021. The USA GaN Micro-LED market is expected to reach 16.5X by 2029.
Various GaN Micro-LED manufacturers in North America, primarily in the USA, are focusing on collaborations and acquisitions with semiconductor equipment distributors & networking solution providers to meet the growing demand for micro-LED in various industries including aerospace & defense, automotive, and consumer electronics.
Moreover, multiple RF power amplifier manufacturers in the country generate a significant portion of their revenue from distributors and online sales channels. This trend is expected to continue in the coming years as GaN technology product manufacturers are focusing on developing advanced display solutions.
United Kingdom market is set to register exponential growth of GaN Micro-LED in the Western Europe GaN Micro-LED market with a CAGR of nearly 34% from 2022 to 2029. The United Kingdom market is anticipated to create an absolute dollar opportunity of USD 107 Million between 2022 & 2029.
The semiconductor market in Western Europe is growing rapidly due to the high local demand for electronic products. Numerous OEMs are focusing on domestic manufacturing to serve the local demand of automotive and electronics industries as well as other global markets.
For instance, in August 2021, Cambridge startup Porotech teamed up with Jade Bird Display in China to use porous gallium nitride (GaN) for higher resolution, brighter microLED displays in portable designs.
China's market is set to report one of the largest consumption of GaN Micro-LED in the Asia Pacific Excluding Japan region, and the market size is expected to reach 16.7X by 2029. The Chinese market is anticipated to create an absolute dollar opportunity of USD 632 Million from 2022 to 2029.
China holds a broad range of advanced LED and display technologies that makes it one of the leading GaN Micro-LED developers for consumer electronics. It is building a pilot line and aims to deliver GaN Micro-LED offerings to domestic VR companies.
The low-power GaN Micro-LED (0.15 to 0.7 W) segment by output power will dominate the GaN Micro-LED demand and is expected to reach 13.1X by 2029. Moreover, the low power (0.15 to 0.7 W) GaN Micro-LED segment is set to witness the highest growth rate of 44.5% CAGR from 2022 to 2029.
As the new display technology, GaN Micro-LED with low power output is of the advantages of low power consumption, high brightness, high resolution, and fast response time. Moreover, exponential growth in wearable technology - from fitness trackers and smartwatches to Google Glass and Microsoft’s HoloLens - is highly likely to accelerate the mass market of low-power (0.15 to 0.7 W) GaN micro LEDs in the coming years.
The GaN Micro-LED display segment accounted for nearly 80% market share in the global GaN Micro-LED market in 2021. Leveraging the consumer cravings for top-notch home entertainment solutions, GaN micro-LED is likely to make its way into the regular household. Video-streaming services across various platforms are making consumers habituated to high-end home entertainment options, which leaves consumers in demand for better displays with every invention.
Thus, the growing market for smart wearables is expected to create lucrative opportunities for display panel manufacturers, such as LG, Samsung, Innolux, and AU Optronics. These companies are expected to consider investing in such applications by collaborating with GaN micro-LED startups.
The market size of the automotive segment, by industry, is set to expand by 13.6X by 2029. Moreover, the automotive segment is set to register an absolute dollar opportunity of USD 1.4 Billion between 2022 & 2029.
Major Key players have been concentrating on manufacturing various new products for precise applications as there are changing demands based on the use. The trend for automotive lighting, the emergence of in-car ambiance, and auto infotainment which has led to innovations in automotive displays and lighting thereby propelling the adoption of GaN Micro-LED in the automotive industry.
The global GaN Micro-LED industry serves a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on the development of solid distribution partnerships and joint ventures, thus targeting a firmer global footprint. With the use of technology, vendors also try to accelerate their business transformation and growth objectives by increasing their partner base.
| Attribute | Details |
|---|---|
| Market value in 2021 | USD 367.3 Million |
| Market CAGR 2014 to 2021 | 46.3% |
| Share of top 5 players | Around 47% |
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value |
| Key regions covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East; and Africa |
| Key countries covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, BENELUX, Poland, China, Japan, South Korea, India, ASEAN, Australia, New Zealand, GCC countries, Turkey, Northern Africa, and South Africa |
| Key market segments covered | Output Power, Function Type, Industry Vertical, Region |
| Key companies profiled | Osram Opto Semiconductors; Sanan Opto Electronics Co., Ltd; Cree, Inc.; Innolux Corporation; Plessey Semiconductors; Lextar; Epistar; Rohinni; Aledia; Lumens Co., Ltd.; Lumiode; Glo AB |
| Report Coverage | Market forecast, company share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, market dynamics and challenges, and strategic growth initiatives |
| Customization & pricing | Available upon request |
Table 01: Global Market Value (USD Thousands)Analysis by Output Power, 2014 to 2029
Table 02: Global Market Volume ('000 units)Analysis by Output Power, 2014 to 2029
Table 03: Global Market Value (USD Thousands)Analysis by Function Type, 2014 to 2029
Table 04: Global Market Volume ('000 units) Analysis by Function Type, 2014 to 2029
Table 05: Global Market Value (USD Thousands)Analysis by Industry, 2014 to 2029
Table 06: Global Market Volume ('000 units) Analysis by Industry, 2014 to 2029
Table 07: Global Market Value (USD Thousands)Analysis by Region, 2014 to 2029
Table 08: Global Market Volume ('000 units) Analysis by Region, 2014 to 2029
Table 09:North America Market Value (USD Thousands) Analysis by Country, 2014 to 2029
Table 10:North America Market Volume ('000 units) Analysis by Country, 2014 to 2029
Table 11: North America Market Value (USD Thousands)Analysis by Output Power, 2014 to 2029
Table 12: North America Market Volume ('000 units) Analysis by Output Power, 2014 to 2029
Table 13: North America Market Value (USD Thousands) Analysis by Function Type, 2014 to 2029
Table 14: North America Market Volume ('000 units) Analysis by Function Type, 2014 to 2029
Table 15: North America Market Value (USD Thousands) Analysis by Industry, 2014 to 2029
Table 16: North America Market Volume ('000 units) Analysis by Industry, 2014 to 2029
Table 17:Latin America Market Value (USD Thousands) Analysis by Country, 2014 to 2029
Table 18:Latin America Market Volume ('000 units) Analysis by Country, 2014 to 2029
Table 19: Latin America Market Value (USD Thousands) Analysis by Output Power, 2014 to 2029
Table 20: Latin America Market Volume ('000 units) Analysis by Output Power, 2014 to 2029
Table 21: Latin America Market Value (USD Thousands) Analysis by Function Type, 2014 to 2029
Table 22: Latin America Market Volume ('000 units) Analysis by Function Type, 2014 to 2029
Table 23: Latin America Market Value (USD Thousands) Analysis by Industry, 2014 to 2029
Table 24: Latin America Market Volume ('000 units) Analysis by Industry, 2014 to 2029
Table 25:Eastern Europe Market Value (USD Thousands) Analysis by Country, 2014 to 2029
Table 26:Eastern Europe Market Volume ('000 units) Analysis by Country, 2014 to 2029
Table 27: Eastern Europe Market Value (USD Thousands) Analysis by Output Power, 2014 to 2029
Table 28: Eastern Europe Market Volume ('000 units) Analysis by Output Power, 2014 to 2029
Table 29: Eastern Europe Market Value (USD Thousands) Analysis by Function Type, 2014 to 2029
Table 30: Eastern Europe Market Volume ('000 units) Analysis by Function Type, 2014 to 2029
Table 31: Eastern Europe Market Value (USD Thousands) Analysis by Industry, 2014 to 2029
Table 32: Eastern Europe Market Volume ('000 units) Analysis by Industry, 2014 to 2029
Table 33:Western Europe Market Value (USD Thousands) Analysis by Country, 2014 to 2029
Table 34:Western Europe Market Volume ('000 units) Analysis by Country, 2014 to 2029
Table 35: Western Europe Market Value (USD Thousands) Analysis by Output Power, 2014 to 2029
Table 36: Western Europe Market Volume ('000 units) Analysis by Output Power, 2014 to 2029
Table 37: Western Europe Market Value (USD Thousands) Analysis by Function Type, 2014 to 2029
Table 38: Western Europe Market Volume ('000 units) Analysis by Function Type, 2014 to 2029
Table 39: Western Europe Market Value (USD Thousands) Analysis by Industry, 2014 to 2029
Table 40: Western Europe Market Volume ('000 units) Analysis by Industry, 2014 to 2029
Table 41:Asia Pacific Excluding Japan Market Value (USD Thousands) Analysis by Country, 2014 to 2029
Table 42:Asia Pacific Excluding Japan Market Volume ('000 units) Analysis by Country, 2014 to 2029
Table 43: Asia Pacific Excluding Japan Market Value (USD Thousands) Analysis by Output Power, 2014 to 2029
Table 44: Asia Pacific Excluding Japan Market Volume ('000 units) Analysis by Output Power, 2014 to 2029
Table 45: Asia Pacific Excluding Japan Market Value (USD Thousands) Analysis by Function Type, 2014 to 2029
Table 46: Asia Pacific Excluding Japan Market Volume ('000 units) Analysis by Function Type, 2014 to 2029
Table 47: Asia Pacific Excluding Japan Market Value (USD Thousands) Analysis by Industry, 2014 to 2029
Table 48: Asia Pacific Excluding Japan Market Volume ('000 units) Analysis by Industry, 2014 to 2029
Table 49: Japan Market Value (US $ Thousands)Analysis by Output Power, 2014 to 2029
Table 50: Japan Market Volume ('000 units) Analysis by Output Power, 2014 to 2029
Table 51: Japan Market Value (USD Thousands)Analysis by Function Type, 2014 to 2029
Table 52: Japan Market Volume ('000 units) Analysis by Function Type, 2014 to 2029
Table 53: Japan Market Value (USD Thousands)Analysis by Industry, 2014 to 2029
Table 54: Japan Market Value Volume ('000 units) Analysis by Industry, 2014 to 2029
Table 55:Middle East & Africa Market Value (USD Thousands) Analysis by Country, 2014 to 2029
Table 56:Middle East & Africa Market Volume ('000 units) Analysis by Country, 2014 to 2029
Table 57: Middle East & Africa Market Value (USD Thousands) Analysis by Output Power, 2014 to 2029
Table 58: Middle East & Africa Market Volume ('000 units) Analysis by Output Power, 2014 to 2029
Table 59: Middle East & Africa Market Value (USD Thousands) Analysis by Function Type, 2014 to 2029
Table 60: Middle East & Africa Market Volume ('000 units) Analysis by Function Type, 2014 to 2029
Table 61: Middle East & Africa Market Value (USD Thousands) Analysis by Industry, 2014 to 2029
Table 62: Middle East & Africa Market Volume ('000 units) Analysis by Industry, 2014 to 2029
Table 63: Australia Market Value (USD Thousands) Analysis by Output Power, 2014 to 2029
Table 64: Australia Market Volume ('000 units) Analysis by Output Power, 2014 to 2029
Table 65: Australia Market Value (USD Thousands) Analysis by Function Type, 2014 to 2029
Table 66: Australia Market Volume ('000 units) Analysis by Function Type, 2014 to 2029
Table 67: Australia Market Value (USD Thousands) Analysis by Industry, 2014 to 2029
Table 68: Australia Market Volume ('000 units) Analysis by Industry, 2014 to 2029
Table 69: Argentina Market Value (USD Thousands) Analysis by Output Power, 2014 to 2029
Table 70: Argentina Market Volume ('000 units) Analysis by Output Power, 2014 to 2029
Table 71: Argentina Market Value (USD Thousands) Analysis by Function Type, 2014 to 2029
Table 72: Argentina Market Volume ('000 units) Analysis by Function Type, 2014 to 2029
Table 73: Argentina Market Value (USD Thousands) Analysis by Industry, 2014 to 2029
Table 74: Argentina Market Volume ('000 units) Analysis by Industry, 2014 to 2029
Figure 01: Market Value (USD Thousands) by Output Power, 2022 (E)
Figure 02: Market Value (USD Thousands) by Output Power, 2029 (F)
Figure 03: Market Value (USD Thousands) by Function Type, 2022 (E)
Figure 04: Market Value (USD Thousands) by Function Type, 2029 (F)
Figure 05: Market Value (USD Thousands) by Industry, 2022 (E)
Figure 06: Market Value (USD Thousands) by Industry, 2029 (F)
Figure 07: Market Value (USD Thousands) by Region 2022 (E)
Figure 08: Market Value (USD Thousands) by Region, 2029 (F)
Figure 09: Global Market Size 2022 to 2029 and Y-o-Y Growth Rate From 2022 to 2029
Figure 10: Global Market Size 2022 to 2029 and Y-o-Y Growth Rate From 2022 to 2029
Figure 11: Worldwide ICT Spending (US $ Million)
Figure 13: Market Value (USD Thousands), 2014 to 2021
Figure 14: Market Volume (‘000 units) Forecast, 2022 to 2029
Figure 15: Market Share and BPS Analysis by Output Power, 2022 & 2029
Figure 16: Global Market Y-o-Y Growth by Output Power, 2022 to 2029
Figure 17: Global Market Attractiveness Analysis by Output Power, 2022 to 2029
Figure 18: Global Market Share and BPS Analysis by Function Type- 2022 & 2029
Figure 19: Global Market Y-o-Y Growth by Function Type, 2022 to 2029
Figure 20: Global Market Attractiveness Analysis by Function Type, 2022 to 2029
Figure 21: Global Market Share and BPS Analysis by Function Type- 2022 & 2029
Figure 22:Global Market Y-o-Y Growth by Function Type, 2022 to 2029
Figure 23: Market Attractiveness Analysis by Industry, 2022 to 2029
Figure 26: Market Attractiveness Analysis by Region, 2022 to 2029
Figure 27: North America Market AbsoluteOpportunity, 2022 to 2029
Figure 28: Latin America Market AbsoluteOpportunity, 2022 to 2029
Figure 29: Eastern Europe Market AbsoluteOpportunity, 2022 to 2029
Figure 30: Western Europe Market AbsoluteOpportunity, 2022 to 2029
Figure 31: Asia Pacific Excluding Japan Market AbsoluteOpportunity, 2022 to 2029
Figure 32: Japan Market Absolute $ Opportunity, 2022 to 2029
Figure 33: Middle East & Africa Market AbsoluteOpportunity, 2022 to 2029
Figure 34: North America Market Value (USD Thousands), 2014 to 2021
Figure 35: North America Market Volume (‘000 units) Forecast, 2022 to 2029
Figure 36: North America Market Share and BPS Analysis by Country- 2022 & 2029
Figure 37: North America Market Y-o-Y Growth by Country, 2022 to 2029
Figure 38: North America Market Attractiveness Analysis by Country, 2022 to 2029
Figure 39: North America Market Attractiveness Analysis by Country, 2022 to 2029
Figure 40: U.S. Market Absolute Opportunity, 2022 to 2029
Figure 41: Canada Market Absolute $ Opportunity, 2022 to 2029
Figure 42: North America Market Share and BPS Analysis by Country- 2022 & 2029
Figure 43: North America Market Y-o-Y Growth by Country, 2022 to 2029
Figure 44: North America Market Attractiveness Analysis by Country, 2022 to 2029
Figure 45: North America Market Attractiveness Analysis by Output Power, 2022 to 2029
Figure 46: North America Market Share and BPS Analysis by Function Type- 2022 & 2029
Figure 47: North America Market Y-o-Y Growth by Function Type, 2022 to 2029
Figure 48: North America Market Attractiveness Analysis by Function Type, 2022 to 2029
Figure 49: North America Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 50: North America Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 51: North America Market Attractiveness Analysis by Industry, 2022 to 2029
Figure 52: Latin America Market Value (USD Thousands), 2014 to 2021
Figure 53: Latin America Market Volume (‘000 units) Forecast, 2022 to 2029
Figure 54: Latin America Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 55: Latin America Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 56: Latin America Market Attractiveness Analysis by Country, 2022 to 2029
Figure 57: Brazil Market Absolute Opportunity, 2022 to 2029
Figure 58: Mexico Market Absolute $ Opportunity, 2022 to 2029
Figure 59: Rest of Latin America Market Absolute $ Opportunity, 2022 to 2029
Figure 60: Latin America Market Share and BPS Analysis Output Power- 2022 & 2029
Figure 61: Latin America Market Y-o-Y Growth by Output Power, 2022 to 2029
Figure 62: Latin America Market Attractiveness Analysis by Output Power, 2022 to 2029
Figure 63: Latin America Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 64: Latin America Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 65: Latin America Market Attractiveness Analysis by Function Type, 2022 to 2029
Figure 66: Latin America Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 67: Latin America Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 68: Latin America Market Attractiveness Analysis by Industry, 2022 to 2029
Figure 69: Eastern Europe Market Value (USD Thousands), 2014 to 2021
Figure 70: Eastern Europe Market Volume (‘000 units) Forecast, 2022 to 2029
Figure 71: Eastern Europe Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 72: Eastern Europe Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 73: Eastern Europe Market Attractiveness Analysis by Country, 2022 to 2029
Figure 74: Russia Market Absolute Opportunity, 2022 to 2029
Figure 75: Poland Market Absolute Opportunity, 2022 to 2029
Figure 76: Rest of Eastern Europe Market Absolute Opportunity, 2022 to 2029
Figure 77: Eastern Europe Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 78: Eastern Europe Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 79: Eastern Europe Market Attractiveness Analysis by Output Power, 2022 to 2029
Figure 80: Eastern Europe Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 81: Eastern Europe Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 82: Eastern Europe Market Attractiveness Analysis by Function Type, 2022 to 2029
Figure 83: Eastern Europe Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 84: Eastern Europe Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 85: Eastern Europe Market Attractiveness Analysis by Industry, 2022 to 2029
Figure 86: Western Europe Market Value (USD Thousands), 2014 to 2021
Figure 87: Western Europe Market Volume (‘000 units) Forecast, 2022 to 2029
Figure 88: Western Europe Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 89: Western Europe Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 90: Western Europe Market Attractiveness Analysis by Country, 2022 to 2029
Figure 91: Germany Market Absolute Opportunity, 2022 to 2029
Figure 92: Italy Market Absolute $ Opportunity, 2022 to 2029
Figure 93: France Market Absolute Opportunity, 2022 to 2029
Figure 94: U.K. Market Absolute $ Opportunity, 2022 to 2029
Figure 95: Spain Market Absolute Opportunity, 2022 to 2029
Figure 96: BENELUX Market Absolute Opportunity, 2022 to 2029
Figure 97: Rest of Western Europe Market Absolute Opportunity, 2022 to 2029
Figure 98: Western Europe Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 99: Western Europe Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 100: Western Europe Market Attractiveness Analysis by Output Power, 2022 to 2029
Figure 101: Western Europe Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 102: Western Europe Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 103: Western Europe Market Attractiveness Analysis by Function Type, 2022 to 2029
Figure 104: Western Europe Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 105: Western Europe Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 106: Western Europe Market Attractiveness Analysis by Industry, 2022 to 2029
Figure 107: Asia Pacific Excluding Japan Market Value (USD Thousands), 2014 to 2021
Figure 108: Asia Pacific Excluding Japan Market Volume (‘000 units) Forecast, 2022 to 2029
Figure 109: Asia Pacific Excluding Japan Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 110: Asia Pacific Excluding Japan Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 111: Asia Pacific Excluding Japan Market Attractiveness Analysis by Country, 2022 to 2029
Figure 112: China Market Absolute Opportunity, 2022 to 2029
Figure 113: India Market Absolute $ Opportunity, 2022 to 2029
Figure 114: Indonesia Market Absolute Opportunity, 2022 to 2029
Figure 115: Malaysia Market Absolute Opportunity, 2022 to 2029
Figure 116: South Korea Market Absolute Opportunity, 2022 to 2029
Figure 117: Asia Pacific Excluding Japan Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 118: Asia Pacific Excluding Japan Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 119: Asia Pacific Excluding Japan Market Attractiveness Analysis by Output Power, 2022 to 2029
Figure 120: Asia Pacific Excluding Japan Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 121: Asia Pacific Excluding Japan Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 122: Asia Pacific Excluding Japan Market Attractiveness Analysis by Function Type, 2022 to 2029
Figure 123: Asia Pacific Excluding Japan Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 124: Asia Pacific Excluding Japan Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 125: Asia Pacific Excluding Japan Market Attractiveness Analysis by Industry, 2022 to 2029
Figure 126: Japan Market Value (USD Thousands), 2014 to 2021
Figure 127: Japan Market Volume (‘000 units) Forecast, 2022 to 2029
Figure 128: Japan Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 129: Japan Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 130: Japan Market Attractiveness Analysis by Output Power, 2022 to 2029
Figure 131: Japan Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 132: Japan Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 133: Japan Market Attractiveness Analysis by Function Type, 2022 to 2029
Figure 134: Japan Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 135: Japan Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 136: Japan Market Attractiveness Analysis by Industry, 2022 to 2029
Figure 137: Middle East & Africa Market Value (USD Thousands), 2014 to 2021
Figure 138: Middle East & Africa Market Volume (‘000 units) Forecast, 2022 to 2029
Figure 139: Middle East & Africa Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 140: Middle East & Africa Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 141: Middle East & Africa Market Attractiveness Analysis by Country, 2022 to 2029
Figure 142: GCC Countries Market Absolute Opportunity, 2022 to 2029
Figure 143: Turkey Market Absolute $ Opportunity, 2022 to 2029
Figure 144: Northern Africa Market Absolute Opportunity, 2022 to 2029
Figure 145: South Africa Market Absolute $ Opportunity, 2022 to 2029
Figure 146: Rest of MEA Market Absolute Opportunity, 2022 to 2029
Figure 147: Middle East & Africa Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 148: Middle East & Africa Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 149: Middle East & Africa Market Attractiveness Analysis by Output Power, 2022 to 2029
Figure 150: Middle East & Africa Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 151: Middle East & Africa Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 152: Middle East & Africa Market Attractiveness Analysis by Function Type, 2022 to 2029
Figure 153: Middle East & Africa Market Share and BPS Analysis by Industry- 2022 & 2029
Figure 154: Middle East & Africa Market Y-o-Y Growth by Industry, 2022 to 2029
Figure 155: Middle East & Africa Market Attractiveness Analysis by Industry, 2022 to 2029
Figure 156: Australia Market Value (USD Thousands), 2014 to 2021
Figure 157: Australia Market Value (USD Thousands)Forecast, 2022 to 2029
Figure 158: Argentina Market Value (USD Thousands), 2014 to 2021
Figure 159: Argentina Market Value (USD Thousands) Forecast, 2022 to 2029
The global GaN Micro-LED market is valued at nearly USD 367.3 Million in 2021.
High adoption of micro LEDs for ambient lighting in the automotive industry & rising demands for micro-displays and lighting systems are some of the factors driving the growth of the GaN Micro-LED market.
From 2014 to 2021, demand for GaN Micro-LED increased at a CAGR of 32.6%.
The GaN Micro-LED market is projected to increase at 46.3% CAGR and is projected to be valued at around USD 7.4 Billion by 2029.
The USA., United Kingdom, India, Germany, and China are major demand countries for GaN micro LED.
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