Global Micro Led Market Size & Outlook, 2023-2030
Global micro led market, 2018-2030 (US$M)
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Global micro led market highlights
- The global micro led market generated a revenue of USD 623.6 million in 2023 and is expected to reach USD 25,650.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 70.1% by 2030.
- In terms of segment, display accounted for a revenue of USD 512.8 million in 2023.
- Display is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 623.6 million |
| Market revenue in 2030 | USD 25,650.7 million |
| Growth rate | 70.1% (CAGR from 2023 to 2030) |
| Largest segment | Display |
| Fastest growing segment | Display |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Display, Lighting |
Other key industry trends
- In terms of revenue, the North America accounted for 27.5% of the global micro led market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 2,909.5 million by 2030.
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Micro LED Market Scope
Micro LED Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global micro led 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 micro led market will help companies and investors design strategic landscapes.
Display was the largest segment with a revenue share of 82.23% in 2023. Horizon Databook has segmented the Global micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Micro LED Application Outlook (Revenue, USD MIllion, 2018-2030)
- Display
- Television
- AR & VR
- Automotive
- Smartwatch
- Smartphone, Tablets, and Laptops
- Lighting
- General Lighting
- Automotive Lighting
- Display
- Global Micro LED Display Pixel Density Type Outlook (Revenue, USD MIllion, 2018-2030)
- Less than 3000ppi
- 3000ppi to 5000ppi
- Greater than 5000ppi
- Global Micro LED End use Outlook (Revenue, USD MIllion, 2018-2030)
- Automotive
- Consumer Electronics
- Healthcare
- BFSI
- Aerospace & Defence
- Others
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Our clientele includes a mix of micro led market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global micro led market , including forecasts for subscribers. This global databook contains high-level insights into Global micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global micro led market size, by regions, 2018-2030 (US$M)
Top 10 countries: Micro led market size, 2023 (US$M)
Global micro led market share, by application, 2023 & 2030 (%, US$M)
Micro led market: Opportunity assessment by country
Global micro led market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 73.7 | 80.8 | 91.9 | 109.4 | 137.1 | 171.4 | 227.5 | 334.0 | 536.4 | 930.6 | 1,733.7 | 3,447.0 | 7,279.7 | 70.8% |
| Europe | 25.5 | 28.3 | 32.3 | 38.5 | 48.4 | 60.9 | 81.1 | 119.8 | 192.9 | 336.5 | 629.1 | 1,255.9 | 2,662.8 | 71.6% |
| Asia Pacific | 158.3 | 171.1 | 191.7 | 224.8 | 277.4 | 341.4 | 446.4 | 645.6 | 1,020.0 | 1,742.9 | 3,196.3 | 6,255.0 | 13,000.8 | 68.2% |
| Latin America | 13.4 | 15.6 | 18.9 | 23.6 | 31.3 | 41.0 | 57.0 | 87.5 | 146.3 | 264.0 | 510.5 | 1,051.8 | 2,298.2 | 77.8% |
| MEA | 3.7 | 4.0 | 4.6 | 5.6 | 7.0 | 8.9 | 12.0 | 17.9 | 29.0 | 50.7 | 95.6 | 191.9 | 409.2 | 72.8% |
| Overall | 274.6 | 299.8 | 339.4 | 401.9 | 501.2 | 623.6 | 824.0 | 1,204.8 | 1,924.6 | 3,324.7 | 6,165.2 | 12,201.6 | 25,650.7 | 70.1% |
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