global market for Micro-LED estimated at US$574.3 Million

The global market for Micro-LED estimated at US$574.3 Million in the year 2022, is projected to reach a revised size of US$58.6 Billion by 2030, growing at a CAGR of 78.3% over the analysis period 2022-2030.

Display, one of the segments analyzed in the report, is projected to record 80.2% CAGR and reach US$49.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Lighting segment is readjusted to a revised 70.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $168 Million, While China is Forecast to Grow at 73.4% CAGR

The Micro-LED market in the U.S. is estimated at US$168 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.5 Billion by the year 2030 trailing a CAGR of 73.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 71% and 66.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 53.1% CAGR.