Saudi Arabia Micro Led Market Size & Outlook, 2023-2030
Saudi Arabia micro led market, 2018-2030 (US$M)
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Saudi Arabia micro led market highlights
- The Saudi Arabia micro led market generated a revenue of USD 2.4 million in 2023 and is expected to reach USD 104.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 71.6% 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 2.4 million |
| Market revenue in 2030 | USD 104.0 million |
| Growth rate | 71.6% (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, Saudi Arabia accounted for 0.4% 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 Middle East & Africa, UAE micro led market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 136.0 million by 2030.
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Micro LED Market Scope
Micro LED Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 83.33% in 2023. Horizon Databook has segmented the Saudi Arabia micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
Micro LED displays utilize self-illuminating pixels to enhance contrast and color performance compared to conventional LED-backlit LCDs. The continuous improvements in efficiency, brightness, and color management, and the ongoing miniaturization of LEDs have increased the popularity of micro LEDs across diverse industries in Saudi Arabia.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia micro led market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia micro led market size, by application, 2018-2030 (US$M)
Saudi Arabia Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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