Asia Pacific Micro Led Market Size & Outlook, 2023-2030
Asia Pacific micro led market, 2018-2030 (US$M)
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Asia Pacific micro led market highlights
- The Asia Pacific micro led market generated a revenue of USD 341.4 million in 2023.
- The market is expected to grow at a CAGR of 68.2% 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.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 341.4 million |
| Market revenue in 2030 | USD 13,000.8 million |
| Growth rate | 68.2% (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 |
| 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, Asia Pacific region accounted for 54.7% of the global micro led market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,298.2 million by 2030.
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Micro LED Market Scope
Micro LED Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 82.25% in 2023. Horizon Databook has segmented the Asia Pacific micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is home to an increasingly educated population well aware of the benefits of using high-quality electronic products. The increasing middle-class population and the rising levels of disposable income have elevated demand for premium consumer electronics. Asia Pacific countries, especially China, Japan, and South Korea, have been at the epicenter of technical innovation.
These countries are home to leading consumer electronics brands, semiconductor manufacturers, and research organizations pushing advancements in micro LED technology. The diversification of micro LED applications is also creating new market prospects and contributing to the growth of the regional market.
Reasons to subscribe to Asia Pacific micro led market databook:
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Target buyers of Asia Pacific micro led market databook
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Our clientele includes a mix of micro led market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific micro led market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific micro led market size, by country, 2018-2030 (US$M)
Asia Pacific Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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