Canada Micro Led Market Size & Outlook, 2023-2030
Canada micro led market, 2018-2030 (US$M)
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Canada micro led market highlights
- The Canada micro led market generated a revenue of USD 33.1 million in 2023 and is expected to reach USD 1,735.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 76.1% 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 33.1 million |
| Market revenue in 2030 | USD 1,735.4 million |
| Growth rate | 76.1% (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, Canada accounted for 5.3% 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 North America, U.S. micro led market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,735.4 million by 2030.
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Micro LED Market Scope
Micro LED Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 81.87% in 2023. Horizon Databook has segmented the Canada micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
Smart lighting solutions that combine modern control systems and networking are being adopted aggressively in Canada. Smart lighting solutions enable online control and modification of lighting settings.
The Canadian government also expects micro LED lighting to play a dedicated role in environmental sustainability by consuming less energy and subsequently reducing the carbon footprint of the energy industry.
Continued advances in micro LED-based smart lighting are particularly fueling the adoption of modern lighting technologies in Canada. As such, manufacturers are constantly improving the illumination, color effectiveness, and control capabilities of micro LED lighting.
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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 country-level data and insights on the Canada micro led market , including forecasts for subscribers. This country databook contains high-level insights into Canada micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada micro led market size, by application, 2018-2030 (US$M)
Canada Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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