Mini LED Market size is expected to be valued at US$ 447.4 million in 2023 and is poised to grow at a significant CAGR of 39.2% over 2024-2030. LED is an advanced technology developed from traditional LED, which comprises several mini-LEDs in the display substrate to have an improved version of contrast and brightness than LCD. Mini LED is being rapidly adopted by the producers due to its benefits over LCD, as LCD cannot generate the absolute level of blackness on screen, whereas mini-LED has better control over the light, illuminating better contrast and brightness level. Mini LED market trend in consumers electronic market as it is popularization increasing day by day in the demand of display units such as TVs, smartphones, and others. Rising demand for consumer electronics with better performance and efficiency will drive the mini led market demand for ultra-high output mini-LEDs. However, mini-LEDs need much higher precision in the substrate than traditional LEDs.
The time-consuming process compared to the traditional LEDs is projected to hinder the mini-LED market size growth. Mini LED used in modern LCD displays addresses the issue by increasing the dimming capabilities of LCD panels. Thus, it has popularized among numerous manufacturers to adopt the mini-LED for backlighting of LCD panels for getting better performance of display to create an immersive picture. These are some factors expected to create mini-LED market demand opportunities. Â Moreover, further advancements in the led device will surely create attractive opportunities among numerous players across the globe. The Asia Pacific is projected to register a considerable share in the coming next few years owing to the presence of key players across China, Japan, and Taiwan.
In June 2021, TCL launched the first mini-LED QLED 4K TV in India.
Study Period
2024-2030Base Year
2023CAGR
39.2%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The global market for Mini LED is primarily driven by the increasing use of mini led in extensive applications such as laptop and television panels and many more. In standings of panel specifications, television panels with thin and fine bezels have become a necessity to match the trend of slim and stylish designs. While the penetration rate of IPS wide viewing angle is increasing with time, so far more than half of the products have wide, and varied viewing angle specifications and narrow bezel. These are the continuous improvement and advancements in television panels with mini-led will surely boost the demand of mini-led globally.
The Mini LED Market in the Asia Pacific is likely to hold a significant revenue share in 2021 and is expected to dominate the global market over the forecasted period owing to having prominent players in the regional market, especially in China and South Korea. This region plays an important role in the manufacturing and distribution of mini-LEDs, backed by the economy of scale strategy with respect to production facilities. This growth is further pushed by advancements in the consumer electronics industry, and the increasing popularity of smart devices in these regions. Moreover, India is seen as an evolving market with growing popularity of smart TVs, smartphones, smart watches, etc., expanding its mini-LED market share.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 447.4 million |
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Market CAGR |
39.2% |
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By LED Type |
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By Application |
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By Region |
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A rise in new trade relationships amongst different countries and rapid growth in e-commerce industries worldwide.
Key players’ profiles in the Mini LED Market report are AUO Corporation, BOE Technology Group Co., Ltd., EVERLIGHT ELECTRONICS CO. LTD., Harvatek Corporation, Japan Display, Inc., Innolux Optoelectronics Co., Ltd., Tianma Microelectronics Co., Ltd., Unity Opto, Epistar Corp, Cree, Inc., Revolution Lighting Technologies.
Asia-Pacific has the highest market share of the global market of Mini LED
| 1.Executive Summary |
| 2.Global Mini Led Market Introduction |
| 2.1.Global Mini Led Market - Taxonomy |
| 2.2.Global Mini Led Market - Definitions |
| 2.2.1. LED Type |
| 2.2.2.Application |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3.Global Mini Led Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Mini Led Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Mini Led Market By LED Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Standard LEDs |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Low-current LEDs |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Ultra-high Output LEDs |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Mini Led Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Consumer Electronics |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Mobile Phones |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Laptop |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Television |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Automotive |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Mini Led Market By Geography, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. The Asia Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. MEA |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Mini Led Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Mini Led Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. LED Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Standard LEDs |
| 9.1.2.Low-current LEDs |
| 9.1.3.Ultra-high Output LEDs |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Consumer Electronics |
| 9.2.2.Mobile Phones |
| 9.2.3.Laptop |
| 9.2.4.Television |
| 9.2.5.Automotive |
| 9.2.6.Others |
| 9.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Europe |
| 9.3.3.The Asia Pacific |
| 9.3.4.Latin America |
| 9.3.5.MEA |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Mini Led Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. LED Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Standard LEDs |
| 10.1.2.Low-current LEDs |
| 10.1.3.Ultra-high Output LEDs |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Consumer Electronics |
| 10.2.2.Mobile Phones |
| 10.2.3.Laptop |
| 10.2.4.Television |
| 10.2.5.Automotive |
| 10.2.6.Others |
| 10.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Europe |
| 10.3.3.The Asia Pacific |
| 10.3.4.Latin America |
| 10.3.5.MEA |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Mini Led Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. LED Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Standard LEDs |
| 11.1.2.Low-current LEDs |
| 11.1.3.Ultra-high Output LEDs |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Consumer Electronics |
| 11.2.2.Mobile Phones |
| 11.2.3.Laptop |
| 11.2.4.Television |
| 11.2.5.Automotive |
| 11.2.6.Others |
| 11.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Europe |
| 11.3.3.The Asia Pacific |
| 11.3.4.Latin America |
| 11.3.5.MEA |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Mini Led Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. LED Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Standard LEDs |
| 12.1.2.Low-current LEDs |
| 12.1.3.Ultra-high Output LEDs |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Consumer Electronics |
| 12.2.2.Mobile Phones |
| 12.2.3.Laptop |
| 12.2.4.Television |
| 12.2.5.Automotive |
| 12.2.6.Others |
| 12.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Europe |
| 12.3.3.The Asia Pacific |
| 12.3.4.Latin America |
| 12.3.5.MEA |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Mini Led Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. LED Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Standard LEDs |
| 13.1.2.Low-current LEDs |
| 13.1.3.Ultra-high Output LEDs |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Consumer Electronics |
| 13.2.2.Mobile Phones |
| 13.2.3.Laptop |
| 13.2.4.Television |
| 13.2.5.Automotive |
| 13.2.6.Others |
| 13.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Europe |
| 13.3.3.The Asia Pacific |
| 13.3.4.Latin America |
| 13.3.5.MEA |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.AUO Corporation |
| 14.2.2.BOE Technology Group Co., Ltd. |
| 14.2.3.EVERLIGHT ELECTRONICS CO. LTD. |
| 14.2.4.Harvatek Corporation |
| 14.2.5.Japan Display, Inc. |
| 14.2.6.Innolux Optoelectronics Co., Ltd. |
| 14.2.7.Tianma Microelectronics Co., Ltd. |
| 14.2.8.Unity Opto |
| 14.2.9.Epistar Corp |
| 14.2.10.Cree, Inc. |
| 14.2.11.Revolution Lighting Technologies, Inc. |
| 14.2.12.Orion Energy Systems, Inc |
| 14.2.13.Deco Lighting |
| 14.2.14.NationStar |
| 14.2.15.Harvick Corporation |
| 14.2.16.Sanan Optoelectronics Co., Ltd. |
| 14.2.17.Eaton |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
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