Global Mini LED Display Market 2020-2030

Global mini LED display market will reach $7,871.6 million by 2030, growing by 71.8% annually over 2020-2030 driven by the rising demand for consumer electronics products, growth in the automotive sector and other related applications, and technological advancements in digital displays. The mini light-emitting diode (LED) have several growth potential due to their capacity to provide higher contrast ratios, higher brightness, improved power economy, and less prone to burn-in. These properties increase their adoption across the automotive and defense sectors, which are projected to be the most significant factor driving the growth for this market.

Rising demand for miniaturized display in consumer electronics devices is a vital factor escalating the market growth, also high dynamic range, power-saving capability & the lower failure rate compared to traditional LEDs are the major factors driving the mini LED market swiftly. Extensive progress in overcoming the current barriers & modernization will further create new opportunities for mini LED market in the forecast period mentioned above. Also, another major element driving the market's growth is the rise in demand for smart devices. Additionally, the increase in penetration of its numerous features in day-to-day lifestyle is estimated to bolster the overall growth of the market. Furthermore, the high dynamic range, power-saving capability and the lower failure rate compared to traditional LEDs fuels the market growth. Additionally, the extensive progress in overcoming the current barriers and modernization also cushions the market’s growth within the forecasted period.

The introduction of next-generation network (NGN) are estimated to generate lucrative opportunities for the market, which will further expand the mini light-emitting diode (LED) market's growth rate in the future. Additionally, the mounting popularity of internet of things (IoT) along with increasing investment in mini light-emitting diode (LED) technologies will also offer numerous growth opportunities within the market. Moreover, there is effective growth in requirement for mini-LED display in the automotive industry. The penetration of mini-LED screen is projected to augment in the coming years and become prominent for automotive applications. Mini LED technology has been implemented as backlight for automotive displays likewise HUDs, dashboards, in-vehicle infotainment systems, and rear-view mirror displays.

The high cost of mini light-emitting diode (LED) is serving as a market restraint. The high price further creates affordability issues which is expected to obstruct market growth. Also, the large number of ICs required to operate the mini light-emitting diode (LED) pose as a challenge for the mini light-emitting diode (LED) market over the forecast period.

North America dominates the mini light-emitting diode (LED) market because of the hiking number of younger individuals, institutions, industries, and organizations buying consumer electronics items such as mobile phones, laptops and monitors, especially in developed economies within the region.
Asia-Pacific is expected to witness significant growth during the forecast period due to the strong growth of the semiconductor industry along with the advancements in the consumer electronics industry within the region.

Recent Developments

• In January 2021, TCL Electronics, a prominent consumer electronics manufacturer and one of the most powerful participants in the global TV industry, will showcase OD ZeroTM Mini LED technology at CES 2021. OD Zero is a technology that combines TCL's 3rd generation Mini LED backlight technology with its powerful vertical integration to offer an ultra-slim profile that has never been achieved before with LED LCD TVs. OD Zero outperforms prior TCL Mini LED technology, delivering startling brightness with even deeper colors, accurate contrast, and perfect uniformity.

COVID-19 Impact
The outbreak of COVID-19 had a positive impact over the mini light-emitting diode (LED) market. This can be linked to the increased demand for high-end consumer electronic gadgets as a result of work-from-home policies implemented by many companies around the world. In addition, the growing trend of online education is likely to boost demand for tablets and laptops, presenting an opportunity for tiny LEDs to gain traction. However, market growth is expected to be hampered by supply chain interruptions caused by restrictions on the cargo transit of non-essential food goods. Furthermore, as one of the key suppliers of tiny LEDs and their spare parts, China is expected to have a significant impact on the market throughout the forecasted years.

Highlighted with 79 tables and 69 figures, this 145-page report “Global Mini LED Display Market 2020-2030 by LED Type (Standard, Low-current, Ultra-high Output), Application (Automotive Display, Television, Smartphones, Notebook/Laptop, Others), End Use, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global mini LED display market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global mini LED display market in every aspect of the classification from perspectives of LED Type, Application, End Use, and Region.

Based on LED Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Standard LEDs
• Low-current LEDs
• Ultra-high Output LEDs

Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Automotive Display
• Television
• Smartphones
• Notebook/Laptop
• Other Applications

Based on End Use, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Consumer Electronics
• Automotive Industry
• Advertisement
• Other End Uses

Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by LED Type, Application, and End Use over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
AU Optronics Corp
BOE Technology Group Co
EPISTAR Corporation
Everlight Electronics Co., Ltd.
Foshan Nation Star Optoelectronics Co., Ltd.
Harvatek Corporation
Innolux Corporation
Japan Display, Inc.
Lextar Electronics Corporation
San’an Optoelectronics
Tianma Microelectronics Co., Ltd.
Unity Opto Technology Co., Ltd.
VerLASE Technologies LLC
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Ask an Expert

Manmayi Raval

Research Consultant

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now