Latin America Light Fidelity Market Size & Outlook

The light fidelity market in Latin America is expected to reach a projected revenue of US$ 1,083.0 million by 2030. A compound annual growth rate of 50.5% is expected of Latin America light fidelity market from 2024 to 2030.
Revenue, 2023 (US$M)
$61.9
Forecast, 2030 (US$M)
$1,083.0
CAGR, 2024 - 2030
50.5%
Report Coverage
Latin America

Latin America light fidelity market highlights

  • The Latin America light fidelity market generated a revenue of USD 61.9 million in 2023.
  • The market is expected to grow at a CAGR of 50.5% from 2024 to 2030.
  • In terms of segment, led was the largest revenue generating component in 2023.
  • Microcontrollers is the most lucrative component segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 61.9 million
Market revenue in 2030USD 1,083.0 million
Growth rate50.5% (CAGR from 2023 to 2030)
Largest segmentLed
Fastest growing segmentMicrocontrollers
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLED, Photodetector, Microcontrollers
Key market players worldwideSignify NV, Wipro Ltd ADR, Panasonic Holdings Corp, pureLiFi, Oledcomm, VLNComm, Velmenni OÜ, LiFiComm, Lucibel, Zero1


Other key industry trends

  • In terms of revenue, Latin America region accounted for 14.3% of the global light fidelity market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,384.8 million by 2030.

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Light Fidelity Market Companies

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Latin America light fidelity market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to light fidelity market will help companies and investors design strategic landscapes.


Led was the largest segment with a revenue share of 38.29% in 2023. Horizon Databook has segmented the Latin America light fidelity market based on led, photodetector, microcontrollers covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of light fidelity market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America light fidelity market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America light fidelity market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America light fidelity market size, by country, 2018-2030 (US$M)

Latin America Light Fidelity Market Outlook Share, 2023 & 2030 (US$M)

Latin America light fidelity market size, by country, 2018-2030 (US$M)

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