Australia Micro Led Market Size & Outlook, 2023-2030
Australia micro led market, 2018-2030 (US$M)
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Australia micro led market highlights
- The Australia micro led market generated a revenue of USD 32.3 million in 2023 and is expected to reach USD 1,298.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 69.5% 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 32.3 million |
| Market revenue in 2030 | USD 1,298.6 million |
| Growth rate | 69.5% (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, Australia accounted for 5.2% 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 Asia Pacific, South Korea micro led market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,735.4 million by 2030.
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Micro LED Market Scope
Micro LED Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 82.35% in 2023. Horizon Databook has segmented the Australia micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
In Australia, various manufacturers of smart mobile devices are looking forward to expanding their product line by adding small-screen devices. Smart wearable manufacturers require smaller display panels for use in smart glasses, smart wristbands, and smartwatches.
As micro LED technology evolves, it can be commercialized for use in smart mobile devices, such as NTE devices and smartwatches, and can further penetrate other application segments, including smartphones, laptops, monitors, and televisions.
Looking forward over the forecast period, the growing demand for smart wearables is expected to create lucrative opportunities for display manufacturers, such as LG Corporation, Samsung Electronics, and AUO Corporation, which are expected to consider partnering and investing in micro LED startups in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia micro led market , including forecasts for subscribers. This country databook contains high-level insights into Australia micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia micro led market size, by application, 2018-2030 (US$M)
Australia Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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