Latin America Micro Led Market Size & Outlook, 2023-2030
Latin America micro led market, 2018-2030 (US$M)
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Latin America micro led market highlights
- The Latin America micro led market generated a revenue of USD 41.0 million in 2023.
- The market is expected to grow at a CAGR of 77.7% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 41.0 million |
| Market revenue in 2030 | USD 2,298.2 million |
| Growth rate | 77.7% (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, Latin America region accounted for 6.6% 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 |
|---|
Latin America 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 82.44% in 2023. Horizon Databook has segmented the Latin America micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the Latin America regional market can be attributed to the development and commercialization of micro LED technology, the growing preference of researchers for the fabrication of high-power energy solutions, and the increasing number of patents being granted for innovations in micro LED technology.
Micro LED technology is expected to benefit chip makers in gaining higher market shares and increasing market penetration. Key players are expected to capitalize on this opportunity by providing innovative micro LED packages.
The high growth potential of the micro LED market in Latin America can be attributed to the growing adoption of micro LED displays for use in AR micro projections that require higher brightness.
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Our clientele includes a mix of micro led market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America micro led market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America micro led market size, by country, 2018-2030 (US$M)
Latin America Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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