Lucintel’s latest market report analyzed that transfer lighting technology in the global micro LED provides attractive opportunities in the general lighting and automotive lighting markets. The transfer lighting technology in the global micro LED market is expected to reach $67.6 billion by 2028 with a CAGR of 69.4%. In this market, automotive lighting is the largest segment by application, whereas wireless is largest by technology.
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Based on application, the transfer lighting technology in the global micro LED market is segmented into general lighting and automotive lighting. The automotive lighting 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 its increasing usage in the automotive exterior application as this lighting technology delivers improved brightness and ensures low power usage.
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The Transfer lighting technology in the global micro LED Market is marked by the presence of several big and small players. Some of the prominent players offering transfer lighting technology in the global micro LED include Samsung Electronics Co., Sony Corporation, Ostendo Technologies, Konka Group Co, Tianma Microelectronics Co, X-Celeprint Limited, Nanosys, and Visionox Technology.
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