Middle East & Africa Micro Led Market Size & Outlook
Middle East & Africa micro led market, 2018-2030 (US$M)
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MEA micro led market highlights
- The MEA micro led market generated a revenue of USD 8.9 million in 2023.
- The market is expected to grow at a CAGR of 72.8% from 2024 to 2030.
- In terms of segment, display was the largest revenue generating application in 2023.
- Lighting is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 8.9 million |
| Market revenue in 2030 | USD 409.2 million |
| Growth rate | 72.8% (CAGR from 2023 to 2030) |
| Largest segment | Display |
| Fastest growing segment | Lighting |
| 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, MEA region accounted for 1.4% 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 |
|---|
Middle East & Africa 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 83.15% in 2023. Horizon Databook has segmented the Middle East & Africa micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the regional market can be attributed to the increasing usage of micro LED displays in military and automotive applications and the growing popularity of Internet of Things (IoT), which is projected to increase the demand for laptops, projectors, smartwatches, and smartphones.
The region has also been witnessing the increasing adoption of micro LED technology in line with the initiatives being pursued by various governments in the region to install energy-efficient 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa micro led market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA micro led market size, by country, 2018-2030 (US$M)
Middle East & Africa Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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