Spain Micro Led Market Size & Outlook, 2023-2030
Spain micro led market, 2018-2030 (US$M)
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Spain micro led market highlights
- The Spain micro led market generated a revenue of USD 4.7 million in 2023 and is expected to reach USD 218.6 million by 2030.
- The Spain market is expected to grow at a CAGR of 73.1% 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.
Micro led market data book summary
| Market revenue in 2023 | USD 4.7 million |
| Market revenue in 2030 | USD 218.6 million |
| Growth rate | 73.1% (CAGR from 2023 to 2030) |
| Largest segment | Display |
| Fastest growing segment | Lighting |
| 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, Spain accounted for 0.8% 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 |
|---|
Spain 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 82.98% in 2023. Horizon Databook has segmented the Spain micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
Evolving consumer demands and advances in Gallium nitride (GaN) micro LED are expected to drive the growth of the Spain micro LED market. GaN micro LED technology is poised to gain immense popularity in the long run, given the rapid pace of technological advancements and the changing end-user preferences.
Moreover, advances in high-speed communications and mobile computing platforms and growing digital interactions are expected to exceed conventional flat screens, opening new opportunities for next-generation displays for AR and Virtual Reality (VR) applications in various industries and industry verticals.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain micro led market , including forecasts for subscribers. This country databook contains high-level insights into Spain micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain micro led market size, by application, 2018-2030 (US$M)
Spain Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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