Mexico Micro Led Market Size & Outlook, 2023-2030
Mexico micro led market, 2018-2030 (US$M)
Related Markets
Mexico micro led market highlights
- The Mexico micro led market generated a revenue of USD 9.9 million in 2023 and is expected to reach USD 507.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 75.5% 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.
Micro led market data book summary
| Market revenue in 2023 | USD 9.9 million |
| Market revenue in 2030 | USD 507.4 million |
| Growth rate | 75.5% (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, Mexico accounted for 1.6% 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 Latin America, Brazil micro led market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 183.9 million by 2030.
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Micro LED Market Scope
Micro LED Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 Mexico micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the Mexico micro LED lighting market can be attributed to the continued infrastructure development, improving supply chain networks, rising consumer purchasing power, and increasing automotive sales.
For instance, light automotive sales in Mexico increased from 91,215 units in May 2022 to 106,798 units in May 2023. Since newer models mostly feature LED lighting, the increasing automotive sales would directly translate into the growth of the micro LED lighting market in Mexico.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico micro led market , including forecasts for subscribers. This country databook contains high-level insights into Mexico micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico micro led market size, by application, 2018-2030 (US$M)
Mexico Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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