Italy Micro Led Market Size & Outlook, 2023-2030
Italy micro led market, 2018-2030 (US$M)
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Italy micro led market highlights
- The Italy micro led market generated a revenue of USD 5.5 million in 2023 and is expected to reach USD 253.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 72.9% 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 5.5 million |
| Market revenue in 2030 | USD 253.6 million |
| Growth rate | 72.9% (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, Italy accounted for 0.9% 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 Europe, UK micro led market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 218.6 million by 2030.
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Micro LED Market Scope
Micro LED Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy 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 81.82% in 2023. Horizon Databook has segmented the Italy micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the micro LED market in Italy can be attributed to various strategic initiatives, such as strategic partnerships and mergers & acquisitions, being pursued by micro LED market players in the country to implement micro LED technology in modern applications.
For instance, in October 2022, MICLEDI Microdisplays, a developer of micro LED displays for AR headsets, collaborated with Kura Technologies, a developer of AR headsets, to manufacture AR glasses.
As part of the collaboration, MICLEDI Microdisplays' 300mm micro LED displays would be incorporated into Kura Technologies’ new AR glasses to achieve the performance required for Kura Technologies’ next-generation AR glasses. Such strategic initiatives are expected to drive the growth of the Italy micro LED market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy micro led market , including forecasts for subscribers. This country databook contains high-level insights into Italy micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy micro led market size, by application, 2018-2030 (US$M)
Italy Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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