Brazil Micro Led Market Size & Outlook, 2023-2030
Brazil micro led market, 2018-2030 (US$M)
Related Markets
Brazil micro led market highlights
- The Brazil micro led market generated a revenue of USD 18.2 million in 2023 and is expected to reach USD 911.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 74.9% 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 18.2 million |
| Market revenue in 2030 | USD 911.6 million |
| Growth rate | 74.9% (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, Brazil accounted for 2.9% 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 |
|---|
Brazil 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 82.42% in 2023. Horizon Databook has segmented the Brazil micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the largest energy consumer in Latin America. The Brazilian government has launched various projects to enhance energy efficiency in the lighting industry. For instance, the government has pledged in its national policy framework to increase energy efficiency in the country by 10% by 2030.
This is anticipated to boost the demand for micro LED lighting in Brazil. The latest legal reforms in Brazil mandate all Brazilian cities to assume full responsibility for their public lighting assets and provide incentives to reduce rising energy expenditures.
Moreover, the plummeting LED product prices coupled with the ban on the use of incandescent bulbs are some of the other significant factors boosting the growth of the micro LED market in Brazil.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil micro led market , including forecasts for subscribers. This country databook contains high-level insights into Brazil micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil micro led market size, by application, 2018-2030 (US$M)
Brazil Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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