India Micro Led Market Size & Outlook, 2023-2030
India micro led market, 2018-2030 (US$M)
Related Markets
India micro led market highlights
- The India micro led market generated a revenue of USD 38.4 million in 2023 and is expected to reach USD 1,603.0 million by 2030.
- The India market is expected to grow at a CAGR of 70.4% 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 38.4 million |
| Market revenue in 2030 | USD 1,603.0 million |
| Growth rate | 70.4% (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, India accounted for 6.2% 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 |
|---|
India 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 82.29% in 2023. Horizon Databook has segmented the India micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
In India, the initiatives being pursued by the government to encourage domestic manufacturing and adoption of energy-efficient products have been a major factor driving the growth of the micro LED market in the country.
For instance, in April 2021, the government of India approved the ProductionLinked Incentive (PLI) scheme to boost domestic manufacturing of LED lights, among other products. Such initiatives are expected to help reduce the prices of micro LED solutions and drive their adoption in the country.
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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 India micro led market , including forecasts for subscribers. This country databook contains high-level insights into India micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India micro led market size, by application, 2018-2030 (US$M)
India Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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