Europe Micro Led Market Size & Outlook, 2023-2030
Europe micro led market, 2018-2030 (US$M)
Related Markets
Europe micro led market highlights
- The Europe micro led market generated a revenue of USD 60.9 million in 2023.
- The market is expected to grow at a CAGR of 71.5% 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.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 60.9 million |
| Market revenue in 2030 | USD 2,662.8 million |
| Growth rate | 71.5% (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, Europe region accounted for 9.8% 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 |
|---|
Europe 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 82.1% in 2023. Horizon Databook has segmented the Europe micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
The Europe micro LED market is expected to register a significant CAGR over the forecast period, driven by the growing adoption of micro LED displays by the incumbents of the aerospace & defense, automotive, and consumer electronics industries.
The growth of the regional market can also be attributed to the growing demand for Organic Light Emitting Diodes (OLED) displays, the increasing use of Near-Eye Displays (NED), and the advances in display technologies aimed at eliminating the need for a backlight while improving color clarity and simulation to produce a brighter display.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe micro led market , including forecasts for subscribers. This continent databook contains high-level insights into Europe micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe micro led market size, by country, 2018-2030 (US$M)
Europe Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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