Technology
Micro Light-Emitting Diode (LED) Market size is set to grow by USD 12.12 billion from 2024-2028, Increasing investments in microLEDs to boost the market growth, Technavio
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5 months agoon
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NEW YORK, Aug. 7, 2024 /PRNewswire/ — The global micro light-emitting diode (LED) market size is estimated to grow by USD 12.12 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 71.99% during the forecast period. Increasing investments in microleds is driving market growth, with a trend towards development of gan-on-si technology. However, high market penetration of other display technologies poses a challenge. Key market players include Aledia SA, ALLOS Semiconductors GmbH, Apple Inc., AUO Corp., Beijing BDK Electronics Co. Ltd., eLux Inc., EPISTAR Corp, Innolux Corp., JBD Inc., LG Electronics Inc., Lumens Co. Ltd., Nanosys Inc., Optovate Ltd., OSRAM Licht AG, PlayNitride Inc., Plessey Semiconductors Ltd., Rohinni LLC, Samsung Electronics Co. Ltd., Sony Group Corp., and VueReal Inc..
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Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
Product (Display and Lighting), Type (Micro display, Small and medium panel, and Large panel), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
Region Covered
APAC, North America, Europe, South America, and Middle East and Africa
Key companies profiled
Aledia SA, ALLOS Semiconductors GmbH, Apple Inc., AUO Corp., Beijing BDK Electronics Co. Ltd., eLux Inc., EPISTAR Corp, Innolux Corp., JBD Inc., LG Electronics Inc., Lumens Co. Ltd., Nanosys Inc., Optovate Ltd., OSRAM Licht AG, PlayNitride Inc., Plessey Semiconductors Ltd., Rohinni LLC, Samsung Electronics Co. Ltd., Sony Group Corp., and VueReal Inc.
Key Market Trends Fueling Growth
The Micro LED market is witnessing a shift in production technology from sapphire substrates to Gallium nitride-on-silicon (GaN-on-Si) for Micro LEDs. GaN-on-Si offers several advantages, including higher yields and larger wafer sizes. This technology enables maximum utilization of wafer surface area through the use of transfer stamps, resulting in cost savings. Plessey Semiconductors and Jasper Display Corp. Have collaborated to develop monolithic Micro LED displays using GaN-on-Si and silicon backplane technology. Their successful partnership is expected to result in Micro LED displays for the consumer electronics market, offering potential cost savings and increased efficiency.
The Micro LED market is experiencing significant growth due to its energy efficiency and high light quality. Key industries driving this trend include Consumer Electronics, Automotive displays, and Commercial displays. Micro LEDs offer superior brightness levels and contrast ratios, making them ideal for Digital signage, Digital dashboards, and High-end TVs. The integration of technologies like augmented reality and heads-up displays (HUDs) in various sectors, including Aerospace and Defense and Government and Defense, is also fueling demand. The complexity in manufacture and energy consumption concerns are being addressed through advancements in gallium nitride technology and the use of inorganic mini-LEDs (mLEDs). The market is expected to expand further in sectors like Advertising, Entertainment and Sports, European Commission, and IoT devices, despite economic downturns and competition from traditional lighting sources like halogen and HID bulbs. Flexible displays and large panel, large resolutions, and individual pixels are additional features contributing to the market’s growth.
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Market Challenges
The display market is currently dominated by technologies such as Plasma, TFT-LCD, LCD with LED backlight, and OLED. These display systems have been mass-produced for an extended period, leading to production efficiency and minimal defects. Their lower production costs result in affordable end products for consumers. In contrast, MicroLED displays face challenges due to their high production costs and limited capacity. Manufacturers encounter production issues, and the global MicroLED market lacks an established supply chain. Transitioning from existing display technologies like LCD and OLED to MicroLED requires substantial investments in production facilities and research and development. As a result, the widespread adoption of MicroLED displays is currently hindered by the market penetration of these more established display technologies.The Micro Light-Emitting Diode (LED) market faces several challenges. In the display industry, competition from Organic Light-Emitting Diodes (OLEDs) poses a significant threat due to their superior color saturation and UHD picture quality. In outdoor lighting, large panel sizes and high power consumption are major hurdles. For PC and laptops, rapid response times and reaction times are crucial, but recessed lamps and refrigerated case lighting require long service life and wide color range. The ongoing Russian-Ukraine war impacts the supply chain, increasing costs. Power consumption is a concern in smart wearables like smartwatches, while sports arenas demand high wavelength uniformity and wide color range. Technoeconomic analysis is essential to balance initial significant costs against long-term energy savings. Under-cabinet lighting and urban population growth offer opportunities, but challenges remain in virtual production stages and virtual reality technology.
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Segment Overview
This micro light-emitting diode (led) market report extensively covers market segmentation by
Product 1.1 Display1.2 LightingType 2.1 Micro display2.2 Small and medium panel2.3 Large panelGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa
1.1 Display- The Micro Light-Emitting Diode (LED) market is experiencing significant growth due to its energy efficiency and long lifespan. LED technology is increasingly being adopted in various applications such as general lighting, signage, and backlighting. Companies are investing in research and development to improve LED performance and reduce costs. The market is expected to continue expanding, driven by increasing demand for energy-efficient lighting solutions.
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Learn and explore more about Technavio’s in-depth research reports
The global automotive lighting market is set to driven by advancements in LED and OLED technologies. Enhanced safety standards and growing vehicle production are key growth drivers. Spurred by rising demand for energy-efficient solutions and smart lighting systems. Both sectors reflect a shift towards innovative, eco-friendly technologies that cater to evolving consumer preferences and regulatory requirements.
Research Analysis
The Micro Light-Emitting Diode (micro-LED) market is experiencing significant growth due to the advanced features and benefits it offers over traditional lighting technologies. Micro-LEDs are known for their high brightness and contrast, making them ideal for various applications such as UHD picture quality in televisions and high light quality in recessed lamps. They also consume less energy and are more energy efficient than incandescent bulbs and halogen lamps. The use of gallium nitride in micro-LEDs enhances their efficiency and reliability. Inorganic mLEDs provide better wavelength uniformity and saturation of colors compared to LCDs and OLEDs. Micro-LEDs are also finding applications in wearable products like smartwatches and refrigerated case lighting due to their small size and high brightness. Under-cabinet lighting and recessed lamps are other areas where micro-LEDs are gaining popularity for their energy efficiency and high light quality.
Market Research Overview
The Micro LED Market is a rapidly growing industry, driven by the demand for energy-efficient, high-performance lighting and display solutions. LED technology, which includes light-emitting diodes, has revolutionized various sectors such as Consumer Electronics, Automotive displays, Commercial displays, and Digital signage, among others. The integration of technologies like augmented reality technology and heads-up displays (HUDs) in various applications is further fueling market growth. Micro LEDs, also known as mLEDs, are the latest innovation in LED technology. They offer high light quality, individual pixel control, and significant energy savings compared to traditional LCDs and OLEDs. The complexity in manufacture and significant initial costs are current market restraints. Applications of micro-LEDs extend beyond lighting to include backlighting for high-end TVs, monitors, and tablets, as well as mini-LED displays for large-format displays and large-scale displays. The market also caters to niche applications such as aerospace and defense, government and defense, and outdoor lighting. The market’s economic downturn is a concern, but the potential for immersive entertainment experiences, smart wearables, and IoT devices offers significant growth opportunities. The European Commission and other governments are also investing in the technology to reduce energy consumption and improve energy efficiency. Micro LEDs offer long service life, high brightness levels, and rapid response times, making them ideal for applications requiring high contrast ratios and saturation of colors. The technology’s endurance and energy efficiency make it a preferred choice for applications in the automotive industry, sports arenas, and recessed lamps. The market’s future looks bright, with the potential for mass production and the integration of technologies like gallium nitride and flexible displays. However, the supply chain’s complexity and the impact of geopolitical events like the Russian Ukraine war on the availability of raw materials remain challenges.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ProductDisplayLightingTypeMicro DisplaySmall And Medium PanelLarge PanelGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
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SOURCE Technavio
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Huawei and IUCN Launch Tech4Nature Project to Protect Kenya’s Coral Reefs
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NAIROBI, Kenya, Jan. 10, 2025 /PRNewswire/ — Huawei, International Union for Conservation of Nature (IUCN), and local partner Kenya Wildlife Service (KWS) have launched a Tech4Nature project to monitor and protect coral reef and biodiversity in Kenya’s Kisite-Mpunguti Marine Park and Reserve.
Aligned with Huawei’s TECH4ALL initiative and the IUCN Green List, the objective of the three-year project is to strengthen monitoring and management efficacy of the protected area. Located on the southern coast of Kenya, Kisite-Mpunguti Marine Park and Reserve faces a number of nature conservation challenges. These include:
Illegal fishing and insufficient human resources to effectively patrol the area.A lack of remote monitoring of the reserve’s three coral islands coupled with pressures created by tourism, as the fringing reefs are popular diving sites.Limited community awareness of the importance of reef and biodiversity protection.Insufficient communications network infrastructure for underpinning tech-driven monitoring.
“Tech4Nature is an expansive project that falls under Huawei’s digital inclusion initiative TECH4ALL, where we look at ways to implement technology and innovation in various sectors of our day today life and improving global standards and ensure that we have a sustainable way of life in the world,” said Khadija Mohamed, Director of Media and Government Relations for Huawei Kenya.
Underwater cameras, photogrammetry, and audio monitoring technologies will be deployed to monitor marine life, including the biomass and population of parrot fish. In many coral reef ecosystems, parrot fish are a keystone species that, due to their diet, help prevent coral from being smothered by seaweed and algae. The solution will also monitor substrate cover in the reef ecosystems, seagrass cover, and the occurrence of green turtles and bottlenose dolphins, which are classified on the IUCN Red List as endangered and vulnerable, respectively.
“The technology we are introducing is a groundbreaking development for marine conservation in Kenya. It will serve as the first monitoring tool for data collection, analysis, and management in a marine protected area. Additionally, this innovation presents an opportunity to assist the park in attaining IUCN Green List certification, aligning with the sustainability goals valued by tourists and ensuring that future generations can continue to benefit from our marine parks,” said Innocent Kabenga, Country Representative for the IUCN Kenya Country Office.
AI trained to recognize specific target species by sight or sound will provide real-time data-driven insights into the behaviors, populations, and distribution of biodiversity in the reserve and reef ecosystem. The system will also be able to identify boats used for illegal fishing, and send alerts for rangers to intervene in near real time.
A digital power solution and improved network connectivity covering the park and watch tower will enable the rapid transmission of collected data to a cloud server for analysis by AI.
The project will be implemented in partnership with Kenya Wildlife Service (KWS) and Wildlife Research and Training Institute (WRTI). Based on the project’s data-driven insights, the Tech4Nature partners will be able to develop targeted conservation measures for the reserve.
“For us to deliver our mandate of protecting and conserving our wildlife in both terrestrial and marine ecosystems, you have to understand your resources very well. We are partnering with Huawei and IUCN to deploy underwater cameras to acquire some data on marine mammal, corals, and fisheries to make informed decisions. The advantage of this technology it can be deployed in wider area that we couldn’t patrol every single day to get data for day and night for us to make good, informed decisions,” said Adan Kala, Senior Assistant Director, Coast Conservation Area, Kenya Wildlife Service.
In addition, the project will include community outreach to raise awareness about biodiversity changes over time and the presence of different species, including those that are threatened, vulnerable, or endangered.
The site will be assessed against the IUCN Green List Standard, with the goal being that the reserve obtains Green List certification.
About Tech4Nature
Huawei and IUCN launched the Tech4Nature global partnership in 2020 to scale up success in nature conservation through technological innovation. Aligned with Huawei’s TECH4ALL initiative and the IUCN Green List, Tech4Nature has supported 11 flagship projects in 8 countries with tailored solutions to conservation challenges.
Visit the Tech4Nature website: https://tech4nature.iucngreenlist.org/what-is-tech4nature/
About TECH4ALL
TECH4ALL is Huawei’s long-term digital inclusion initiative and action plan. Enabled by innovative technologies and partnerships, TECH4ALL is designed to enable inclusion and sustainability in the digital world.
Visit the Huawei TECH4ALL website at https://www.huawei.com/en/tech4all
Follow us on X at https://x.com/HUAWEI_TECH4ALL
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SOURCE Huawei
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CES 2025 | AAC Technologies Unveils Comprehensive Automotive Solutions, Paving the Way for Cabin Experience Evolution
Published
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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — At the Consumer Electronics Show (CES) 2025, AAC Technologies, a pioneer in sensory experience, showcased its industry leadership by introducing a full spectrum of automotive solutions that span “acoustics, haptics, sensing, and image recognition.” Drawing on over three decades of expertise in the development and manufacturing of cutting-edge consumer electronics micro-components, AAC is now poised to offer a comprehensive, precise, real-time, and immersive sensory experience to the automotive sector, reinforcing its position as a trusted partner ready to meet the industry’s evolving technological and product demands.
Catering to the surging market demand, AAC presents a ready-to-deploy portfolio of automotive product solutions that address the critical aspects of intelligent driving and cabin experiences. The company is committed to expanding its innovative product offerings to lead the industry. AAC has been steadily expanding in the automotive industry since 2019, largely driven by the growing adoption of its automotive solutions. These solutions are playing an important role in advancing the capabilities of intelligent cockpits.
AAC’s Automotive Acoustic Solutions for Digital Cockpits
AAC Technologies has unveiled its cutting-edge digital cockpit solutions, showcasing a fusion of innovation in acoustics. AAC offers a holistic approach to audio system design, encompassing hardware, algorithms, and fine-tuning, all aimed at delivering a supremely immersive audio experience across various scenarios.
At CES, AAC set up a state-of-the-art 7.1.4 listening room, showcasing its self-developed advanced automotive audio algorithms such as Independent Sound Zones, NLC PRO (distortion suppression), Audio Track Separation, Virtual Surround (Plus), Virtual Venue, and 3D Chime. In collaboration with Premium Sound Solutions (PSS), a world-leading provider in acoustic components and sound systems, AAC has presented an array of top-tier offerings, including automotive speaker products and solutions, which garnered significant attention.
AAC also introduced the “Smart Audio Box,” a joint creation with Smart that marks the industry’s first all-scenario portable Hi-Fi speaker system designed for vehicles. Debuted on the Smart #5 model, this speaker system offers a unique audio experience, blending the boundaries between driving and the wild world of sound.
AAC’s Automotive Haptic Seat Solutions
The automotive industry is now redefining the car as more than just a way to get around—it’s becoming an extension of our living spaces. With this shift, expectations for the in-car experience are soaring, particularly when it comes to the haptic feedback and auditory elements of smart cockpits. At CES, AAC unveiled its groundbreaking haptic seat solution for vehicles, which fuses advanced haptic and acoustic technologies to create a more tranquil driving safety alert system , amp up entertainment with immersive sound, and even simulate engine sounds for an authentic driving feel, all while providing a space for relaxation and meditation. This innovation, a joint effort with Porsche China’s Innovation Office as part of the Rhythm Space project, is set to redefine comfort and pleasure in the driving experience for all on board.
AAC’s Automotive Sensing Solutions
AAC is leading the way in providing advanced sensing solutions and sensor technologies tailored for the automotive industry. AAC’s automotive-grade MEMS microphones boast a compact design, exceptional signal clarity(SNR), minimal distortion(THD), and a consistent frequency response. They also excel in maintaining uniform sensitivity and phase alignment, which translates to enhanced voice services and reliability in both the cabin and exterior environments. This innovation significantly boosts the user experience in voice interactions across a range of applications.
In addition, AAC has unveiled a line of vehicular inertial products, highlighted by our trio of high-performing MEMS IMUs. These units are engineered for accuracy and stability, designed to meet the diverse demands of various applications. They play a pivotal role in ensuring precise vehicle positioning and safety during the critical phases of advanced driver assistance and autonomous driving, reinforcing our dedication to advancing automotive safety and interaction.
AAC’s Automotive Image Recognition Solutions
In the ongoing quest for enhanced intelligent driving, ensuring safety and comfort has become a primary focus in the automotive industry. At this year’s CES, AAC showcased its complete lineup of lenses and camera modules. This includes those for intelligent driving applications like ADAS and surround view, as well as those for intelligent cockpit features such as DMS and OMS. Furthermore, AAC presented an integrated cockpit monitoring system. Collectively, these innovations provide accurate data for machine vision, thereby enhancing safety and intelligent driving capabilities. AAC’s solutions are designed to meet rigorous industry standards, including the EU’s DDAW (Driver Drowsiness and Attention Warning), E-NCAP (European New Car Assessment Programme), and China’s GB/T 41797-2022 “Performance Requirements and Test Methods for Driver Attention Monitoring Systems”.
AAC has also expanded its product line with a variety of automotive motor solutions. For example, AAC’s brushless motors, known for their quiet performance and adaptability, ensure a smooth and quiet experience for seat adjustments. AAC also offers linear control brake motors (EMB motors), linear control steering motors (RWA and HWA motors), and general EPS motors for advanced chassis applications, all of which have been tested and validated in multiple vehicle models. As the automotive industry advances towards higher levels of driving assistance, the adoption of linear control systems for chassis is becoming crucial. These motors use sensors to detect environmental information, replacing mechanical connections with electrical signals. This technology offers high precision, fast response times, compact designs, and lightweight construction, making it suitable for mass production. In scenarios such as highway driving, navigating narrow roads, and parking, these systems greatly enhance user comfort and meet the increasing demands for improved vehicle maneuverability and active safety.
Moving forward, AAC Technologies will continue to collaborate closely with automotive industry partners. By staying attuned to user preferences and driving technological advancements, AAC aims to lead the industry trend. The company’s focus is on delivering an outstanding intelligent cockpit experience, making every drive a source of joy and immersive sensory pleasure.
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Smart Food Packaging Market worth $35.69 billion by 2029 – Exclusive Report by MarketsandMarkets™
Published
28 minutes agoon
January 10, 2025By
DELRAY BEACH, Fla., Jan. 10, 2025 /PRNewswire/ — The smart food packaging market is estimated at USD 26.42 billion in 2024 and is projected to reach USD 35.69 billion by 2029, at a CAGR of 6.2% from 2024 to 2029, according to a report published by MarketsandMarkets™.
The study ‘Active Packaging in the Food Industry’, published in October 2024, explores the growing significance of active packaging in response to changing consumer demands and market trends. Unlike traditional packaging, which is designed to be inert, active packaging interacts with the product and its environment to extend shelf life and maintain food quality. This can involve incorporating additives into packaging systems, such as oxygen and ethylene scavengers, antimicrobial agents, antioxidants, and flavor-absorbing or releasing compounds. Intelligent packaging systems, like time-temperature indicators and gas detectors, are also discussed, emphasizing the importance of consumer acceptance for the commercial success of these technologies. The study reviews key mechanisms used in active packaging, including oxygen scavengers, which reduce the presence of oxygen in food packaging by using iron-based or ascorbic acid-based systems. These methods help maintain product freshness by limiting oxidative damage. Carbon dioxide-generating systems are also used to suppress microbial growth, particularly in meat, poultry, fish, and cheese packaging. Furthermore, ethylene scavengers are vital for extending the shelf life of fruits and vegetables by controlling ripening processes.
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Other applications discussed include the use of flavor and odor absorbers/releasers, which enhance the sensory properties of packaged food, and antimicrobial packaging that inhibits microbial growth to ensure food safety. The potential of nanotechnology to develop new and more effective active and intelligent packaging solutions is highlighted, paving the way for further innovations in the food packaging industry. This study underscores the need for advanced packaging technologies to meet consumer demand for fresh, safe, and high-quality food products and their critical role in prolonging shelf life and improving food safety.
The Meat, Poultry & Seafood is the having a largest share within the application sector of the smart food packaging market.
Due to growing global demand, meat, poultry, and seafood accounts for the highest market share of application in the smart food packaging market. Its needs lie in extending shelf life, safety, and traceability. As per data provided by the USDA from October 2024, Brazil dominates global chicken meat exports during 2025 as the production will be 11.8 million tons. Australia’s poultry production will increase by 2 percent to 2.6 million tons, as high global demand is expected. Beef exports from Australia will also reach a record 1.9 million tons in the year, as its demand increases in the US. These trends point towards the increasing international meat trade and export opportunities.
Increased production and exports require more advanced smart packaging technologies, such as modified atmosphere packaging and active packaging, for freshness, less food waste, and greater safety. This will fuel innovation and adoption of smart packaging solutions, especially in global markets like East Asia and North America.
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The active packaging segment holds significant market share in the smart food packaging market during the forecasted period 2024-2029.
Active food packaging accounts for a major market share in the smart food packaging industry, which is mainly attributed to the quality improvement, safety, and shelf life that active packaging can offer. Technologies, including oxygen scavengers, moisture absorbers, and antimicrobial agents, respond to some of the most important consumer needs related to freshness and reduction of food waste.
It is primarily gaining adoption across key industries, including meat, poultry, seafood, and dairy, where growing concerns about global food safety and sustainability are driving growth. Additionally, increasing export of perishable food products, particularly in North America, Europe, and Asia-Pacific, further supports the increasing demand for active packaging. As manufacturers look for more innovative ways to meet their regulatory requirements and consumer demands, active packaging will maintain its position in the market.
Based on region, Europe has a significant share in the smart food packaging market.
The growth of the food and beverage industry in Europe is a major driving force for the smart food packaging market, which is motivated by the increasing demand for advanced packaging solutions that would ensure food safety, traceability, and extended shelf life. According to European Commission data (March 2024), the food and drinks industry generates ~USD 245 billion (€227 billion) in added value and employs 4.6 million people, making it the EU’s largest manufacturing sector in terms of jobs and value. SMEs are over 99% of businesses in this ecosystem. The sector has also recorded a food trade surplus, with exports doubled over the last decade to exceed ~USD 196 billion (€182 billion), contributing a positive balance of nearly ~USD 32 billion (€30 billion). These strong figures, combined with growing trade opportunities and EU Single Market benefits, are driving demand for smart food packaging technologies to support efficient, sustainable, and competitive food supply chains.
The report profiles key players such as Amcor plc (Switzerland), Mondi (UK), Sealed Air (US), Berry Global Inc. (US), Toyo Seikan Group Holdings, Ltd. (Japan), THE TETRA LAVAL GROUP (Switzerland), Crown (US), 3M (US), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Multisorb (US), Huhtamäki Oyj (Finland), Timestrip UK LTD (UK), Stepac (Israel), Checkpoint Systems, Inc. (US), and Novipax Buyer, LLC (US).
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