Argentina Micro Led Market Size & Outlook, 2023-2030
Argentina micro led market, 2018-2030 (US$M)
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Argentina micro led market highlights
- The Argentina micro led market generated a revenue of USD 2.8 million in 2023 and is expected to reach USD 183.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 81.8% from 2024 to 2030.
- In terms of segment, display was the largest revenue generating application in 2023.
- Display is the most lucrative application segment registering the fastest growth during the forecast period.
Micro led market data book summary
| Market revenue in 2023 | USD 2.8 million |
| Market revenue in 2030 | USD 183.9 million |
| Growth rate | 81.8% (CAGR from 2023 to 2030) |
| Largest segment | Display |
| Fastest growing segment | Display |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Display, Lighting |
| Key market players worldwide | AUO Corp ADR, Electrolux AB ADR, Kyocera Corp, LG Electronics Inc ADR, Samsung Electronics Co Ltd, Sony Group Corp, Ams-OSRAM AG, Cree LED, Innolux, Leyard, Unilumin Group, Cincoze, Cooledge Lighting, Europa Science, VueReal |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global micro led market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil micro led market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 183.9 million by 2030.
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Micro LED Market Scope
Micro LED Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina 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 82.14% in 2023. Horizon Databook has segmented the Argentina micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
In Argentina, the widespread adoption of micro LEDs can be largely attributed to the proliferation of smartphones and smartwatches. With increased innovation and the launch of sustainable products, several companies are increasing their market presence by signing new contracts and exploring new markets to maintain their position in the global market.
Moreover, the growing user preference for higher brightness and excellent image quality in both commercial and industrial applications coupled with the increasing automotive production is contributing to the growing demand for micro LED displays in the country. These displays provide a powerful solution for various industries by improving visual performance, energy efficiency, and durability.
In the automotive industry, micro LED displays hold the potential to introduce innovative car entertainment systems, enlarged dashboards, and ADAS encouraging safe driving. These are some of the factors that are expected to drive the growth of the micro LED market in Argentina.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina micro led market , including forecasts for subscribers. This country databook contains high-level insights into Argentina micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina micro led market size, by application, 2018-2030 (US$M)
Argentina Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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