The Indicator Panels with Liquid Crystal Devices or Light Emitting Diodes market in Spain, valued at 193.46 million euros in 2023, reflects a varied growth trajectory over the past decade. After robust increases in the mid-2010s, market values faced declines and fluctuations. From 2021 to 2023, a more stable growth pattern emerged, marked by incremental year-on-year increases of 1.6% in 2023. The Compound Annual Growth Rate (CAGR) for the past five years stands at 1.12%, hinting at modest recovery and stabilization.
Future trends to watch for:
- Technological advancements, particularly in LED efficiency and hybrid panel integration.
- Rising demand from automotive and consumer electronics sectors.
- Potential economic influences impacting discretionary spending on non-essential electronics.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 374,980,000 | 2023 | +0.52% | -0.43% | View data |
| 2 | 2 Spain | 193,460,000 | 2023 | +1.6% | +1.12% | |
| 3 | 3 United Kingdom | 186,470,000 | 2023 | -2.64% | -2.76% | View data |
| 4 | 4 Poland | 108,690,000 | 2023 | +0.13% | -1.55% | View data |
| 5 | 5 Croatia | 7,614,600 | 2023 | +3.3% | +2.78% | View data |
