Mini LED Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Mini LED Market By Led Type (Standard LEDs, Low-current LEDs, and Ultra-high Output LEDs), Application Type (Consumer Electronics, Mobile Phones, Laptop, Television, Automotive, and Others ), and Geography

 

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Report

Description

Mini LED Market size is expected to be valued at USD 447.4 million in 2022 and is poised to grow at a significant CAGR of 39.2% over 2022–2028.  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 consumer’s 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.  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.

 

Recent Market Developments:

In June 2021, TCL launched the first mini-LED QLED 4K TV in India.

Mini LED Market

MARKET SUMMARY
-
39.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 39.2%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Mini LED Market

  • The report on global mini LED market gives historical, current and future market sizes (US$ Mn) on the basis of led type, application, and geography.
  • The mini LED market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Revolution Lighting Technologies, Inc.
  • Orion Energy Systems, Inc
  • Deco Lighting
  • Harvick Corporation
  • Sanan Optoelectronics Co., Ltd.
Mini LED Market Dynamics

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.


Asia Pacific Got Significant Share

Mini LED Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The Mini LED Market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Mini LED Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

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


Report

Table Of Content

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. 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. Global Mini LED Market Dynamic Factors – Impact Analysis
3.6. Global Mini LED Market – Competition Landscape
4. Global Mini LED Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Mini LED Market, By Led Type, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
5.1. Standard LEDs
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
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 Type, 2017 – 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. Consumer Electronics
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
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 Forecast, By Region, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Mini LED Market – Opportunity Analysis Index, By Led Type, Application, and Region, 2022 – 2028
8. North America Mini LED market analysis,2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
8.1. Led Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Standard LEDs
8.1.2. Low-current LEDs
8.1.3. Ultra-high Output LEDs
8.2. Application Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Consumer Electronics
8.2.2. Mobile Phones
8.2.3. Laptop
8.2.4. Television
8.2.5. Automotive
8.2.6. Others
8.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Mini LED Market – Opportunity Analysis Index, By Led Type, Application, and Country, 2022 – 2028
8.5. North America Mini LED Market Dynamics – Trends
9. Europe Mini LED Market Analysis, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
9.1. Led Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), 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 Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), 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. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Poland
9.3.8. Rest of Europe
9.4. Europe Mini LED Market – Opportunity Analysis Index, By Led Type, Application, and Country, 2022 – 2028
9.5. Europe Mini LED Market Dynamics – Trends
10. Asia-Pacific Mini LED Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. Led Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), 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 Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), 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. Country Analysis2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Mini LED Market – Opportunity Analysis Index, By Led Type, Application, and Country,2022 – 2028
10.5. Asia-Pacific Mini LED Market Dynamics – Trends
11. Latin America Mini LED Market Analysis,2017 – 2021 and Forecast, 2022–2028(Revenue, USD Mn)
11.1. Led Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), 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 Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), 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. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Mini LED Market – Opportunity Analysis Index, By Led Type, Application, and Country, 2022 – 2028
11.5. Latin America Mini LED Market Dynamics – Trends
12. Middle East and Africa Mini LED Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Led Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), 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 Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), 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. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Mini LED Market – Opportunity Analysis Index, By Led Type, Application, and Country, 2022 – 2028
12.5. MEA Mini LED Market Dynamics – Trends
13. Competition Landscape
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Led Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis)
13.2.1. AUO Corporation
13.2.2. BOE Technology Group Co., Ltd.
13.2.3. EVERLIGHT ELECTRONICS CO. LTD.
13.2.4. Harvatek Corporation
13.2.5. Japan Display, Inc.
13.2.6. Innolux Optoelectronics Co., Ltd.
13.2.7. Tianma Microelectronics Co., Ltd.
13.2.8. Unity Opto
13.2.9. Epistar Corp
13.2.10. Cree, Inc.
13.2.11. Revolution Lighting Technologies, Inc.
13.2.12. Orion Energy Systems, Inc
13.2.13. Deco Lighting
13.2.14. NationStar
13.2.15. Harvick Corporation
13.2.16. Sanan Optoelectronics Co., Ltd.
13.2.17. Eaton
14. Research Methodology
15. Key Assumptions and Acronyms

Report

Company Profile

  • 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, Inc.
  • Orion Energy Systems, Inc
  • Deco Lighting
  • NationStar
  • Harvick Corporation
  • Sanan Optoelectronics Co., Ltd.
  • Eaton

Description

Mini LED Market size is expected to be valued at USD 447.4 million in 2022 and is poised to grow at a significant CAGR of 39.2% over 2022–2028.  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 consumer’s 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.  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.

 

Recent Market Developments:

In June 2021, TCL launched the first mini-LED QLED 4K TV in India.

ASIA PACIFIC OFFICE

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EUROPE OFFICE

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