U.S. Micro Led Market Size & Outlook, 2024-2030
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U.S. micro led market highlights
- The U.S. micro led market generated a revenue of USD 138.3 million in 2023 and is expected to reach USD 5,544.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 69.4% 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 138.3 million |
| Market revenue in 2030 | USD 5,544.1 million |
| Growth rate | 69.4% (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, U.S. accounted for 22.2% 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 North America, U.S. micro led market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,735.4 million by 2030.
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Micro LED Market Scope
Micro LED Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| VueReal | View profile | 11-50 | Waterloo, Ontario, Canada, North America | https://www.vuereal.com |
| Europa Science | View profile | 11-50 | Cambridge, Cambridgeshire, United Kingdom, Europe | https://www.europascience.com/ |
| Cooledge Lighting | View profile | 51-100 | Richmond, British Columbia, Canada, North America | http://www.cooledgelighting.com |
| Cincoze | View profile | 101-250 | Taipei, T'ai-pei, Taiwan, Asia | https://www.cincoze.com/ |
| Unilumin Group | View profile | 5001-10000 | Shenzhen, Guangdong, China, Asia | https://www.unilumin.com/ |
| Leyard | View profile | 1001-5000 | Hillsboro, Oregon, United States, North America | https://en.leyard.com/ |
| Innolux | View profile | 10001+ | Miaoli, T'ai-wan, Taiwan, Asia | http://www.innolux.com/Pages%2Fen%2FIndex_en.html |
| Cree LED | View profile | 101-250 | Durham, North Carolina, United States, North America | https://cree-led.com |
| Ams-OSRAM AG | View profile | 22461 | Tobelbader Strasse 30, Premstaetten, Austria, 8141 | https://www.ams-osram.com |
| Kyocera Corp | View profile | 81209 | 6, Takeda Tobadono-cho, Fushimi-ku, Kyoto, Japan, 612-8501 | http://www.kyocera.co.jp |
| Electrolux AB ADR | View profile | 41869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | https://www.electroluxgroup.com |
| AUO Corp ADR | View profile | 51378 | No. 1, Li-Hsin Road 2, Hsinchu Science Park, Hsinchu, Taiwan, 300094 | https://www.auo.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Sony Group Corp | View profile | 113000 | 7-1, Konan 1-Chome, Minato-ku, Tokyo, Japan, 108-0075 | https://www.sony.com |
U.S. 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 82.21% in 2023. Horizon Databook has segmented the U.S. micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. micro LED market is expected to register a significant CAGR over the forecast period. The growth of the market can be attributed to the rising demand for bright, power-efficient display panels for wearable devices, such as Head-Mounted Displays (HMDs) and smartwatches.
The policies being pursued by the U.S. government to encourage the adoption of energy-efficient lighting solutions, such as micro LED lighting, also bode well for the growth of the market. These policies establishing minimum energy efficiency standards for lighting products are designed to encourage consumers to prefer energyefficient lighting over relatively inefficient lighting technologies.
Market players based in the U.S. are pursuing several strategic initiatives to introduce new products in the market. For instance, in May 2023, Mojo Vision Inc., a micro LED provider based in the U.S., partnered with DigiLens Inc., a compatriot mobile compute devices manufacturer, to integrate its micro LED technology with the latter’s waveguides and Surface Relief Gratings (SRG) technology for optimization.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. micro led market , including forecasts for subscribers. This country databook contains high-level insights into U.S. micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. micro led market size, by application, 2018-2030 (US$M)
U.S. Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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