Global Mini LED Display Market 2020-2030

Bonafide Trust 18-08-2022 145 Pages
Region : Global Category : Semiconductor & Electronics Electronics

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Table of Contents
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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.)

1 Introduction 8

1.1 Industry Definition and Research Scope 8

1.1.1 Industry Definition 8

1.1.2 Research Scope 9

1.2 Research Methodology 12

1.2.1 Overview of Market Research Methodology 12

1.2.2 Market Assumption 13

1.2.3 Secondary Data 13

1.2.4 Primary Data 13

1.2.5 Data Filtration and Model Design 14

1.2.6 Market Size/Share Estimation 15

1.2.7 Research Limitations 16

1.3 Executive Summary 17

2 Market Overview and Dynamics 19

2.1 Market Size and Forecast 19

2.1.1 Impact of COVID-19 on World Economy 20

2.1.2 Impact of COVID-19 on the Market 23

2.2 Major Growth Drivers 25

2.3 Market Restraints and Challenges 28

2.4 Emerging Opportunities and Market Trends 31

2.5 Porter’s Fiver Forces Analysis 35

3 Segmentation of Global Market by LED Type 39

3.1 Market Overview by LED Type 39

3.2 Standard LEDs 41

3.3 Low-current LEDs 42

3.4 Ultra-high Output LEDs 43

4 Segmentation of Global Market by Application 44

4.1 Market Overview by Application 44

4.2 Automotive Display 46

4.3 Television 47

4.4 Smartphones 48

4.5 Notebook/Laptop 49

4.6 Other Applications 50

5 Segmentation of Global Market by End Use 51

5.1 Market Overview by End Use 51

5.2 Consumer Electronics 53

5.3 Automotive Industry 54

5.4 Advertisement 55

5.5 Other End Uses 56

6 Segmentation of Global Market by Region 57

6.1 Geographic Market Overview 2019-2030 57

6.2 North America Market 2019-2030 by Country 61

6.2.1 Overview of North America Market 61

6.2.2 U.S. 65

6.2.3 Canada 68

6.2.4 Mexico 70

6.3 European Market 2019-2030 by Country 72

6.3.1 Overview of European Market 72

6.3.2 Germany 76

6.3.3 U.K. 78

6.3.4 France 80

6.3.5 Spain 82

6.3.6 Italy 84

6.3.7 Russia 86

6.3.8 Rest of European Market 88

6.4 Asia-Pacific Market 2019-2030 by Country 90

6.4.1 Overview of Asia-Pacific Market 90

6.4.2 Japan 94

6.4.3 China 97

6.4.4 Australia 99

6.4.5 India 101

6.4.6 South Korea 103

6.4.7 Rest of APAC Region 105

6.5 South America Market 2019-2030 by Country 107

6.5.1 Argentina 110

6.5.2 Brazil 112

6.5.3 Chile 114

6.5.4 Rest of South America Market 116

6.6 MEA Market 2019-2030 by Country 117

6.6.1 UAE 120

6.6.2 Saudi Arabia 122

6.6.3 South Africa 124

6.6.4 Other National Markets 126

7 Competitive Landscape 127

7.1 Overview of Key Vendors 127

7.2 New Product Launch, Partnership, Investment, and M&A 130

7.3 Company Profiles 131

AU Optronics Corp 131

BOE Technology Group Co 133

EPISTAR Corporation 134

Everlight Electronics Co., Ltd. 135

Foshan Nation Star Optoelectronics Co., Ltd. 136

Harvatek Corporation 137

Innolux Corporation 138

Japan Display, Inc. 139

Lextar Electronics Corporation 140

San’an Optoelectronics 141

Tianma Microelectronics Co., Ltd. 142

Unity Opto Technology Co., Ltd. 143

VerLASE Technologies LLC 144

RELATED REPORTS 145

List of Figures:

Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 17
Figure 4. Global Mini LED Display Market, 2019-2030, $ mn 19
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of Global Mini LED Display Market 25
Figure 7. Primary Restraints and Impact Factors of Global Mini LED Display Market 28
Figure 8. Investment Opportunity Analysis 32
Figure 9. Porter’s Fiver Forces Analysis of Global Mini LED Display Market 35
Figure 10. Breakdown of Global Mini LED Display Market by LED Type, 2019-2030, % of Revenue 40
Figure 11. Global Addressable Market Cap in 2021-2030 by LED Type, Value ($ mn) and Share (%) 40
Figure 12. Global Mini LED Display Market by LED Type: Standard LEDs, 2019-2030, $ mn 41
Figure 13. Global Mini LED Display Market by LED Type: Low-current LEDs, 2019-2030, $ mn 42
Figure 14. Global Mini LED Display Market by LED Type: Ultra-high Output LEDs, 2019-2030, $ mn 43
Figure 15. Breakdown of Global Mini LED Display Market by Application, 2019-2030, % of Sales Revenue 45
Figure 16. Global Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 45
Figure 17. Global Mini LED Display Market by Application: Automotive Display, 2019-2030, $ mn 46
Figure 18. Global Mini LED Display Market by Application: Television, 2019-2030, $ mn 47
Figure 19. Global Mini LED Display Market by Application: Smartphones, 2019-2030, $ mn 48
Figure 20. Global Mini LED Display Market by Application: Notebook/Laptop, 2019-2030, $ mn 49
Figure 21. Global Mini LED Display Market by Application: Other Applications, 2019-2030, $ mn 50
Figure 22. Breakdown of Global Mini LED Display Market by End Use, 2019-2030, % of Sales Revenue 52
Figure 23. Global Addressable Market Cap in 2021-2030 by End Use, Value ($ mn) and Share (%) 52
Figure 24. Global Mini LED Display Market by End Use: Consumer Electronics, 2019-2030, $ mn 53
Figure 25. Global Mini LED Display Market by End Use: Automotive Industry, 2019-2030, $ mn 54
Figure 26. Global Mini LED Display Market by End Use: Advertisement, 2019-2030, $ mn 55
Figure 27. Global Mini LED Display Market by End Use: Other End Uses, 2019-2030, $ mn 56
Figure 28. Global Market Snapshot by Region 57
Figure 29. Geographic Spread of Worldwide Mini LED Display Market, 2019-2030, % of Sales Revenue 58
Figure 30. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%) 59
Figure 31. North American Mini LED Display Market, 2019-2030, $ mn 62
Figure 32. Breakdown of North America Mini LED Display Market by Country, 2019 and 2030, % of Revenue 63
Figure 33. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 64
Figure 34. U.S. Mini LED Display Market, 2019-2030, $ mn 66
Figure 35. Canada Mini LED Display Market, 2019-2030, $ mn 68
Figure 36. Mini LED Display Market in Mexico, 2019-2030, $ mn 70
Figure 37. European Mini LED Display Market, 2019-2030, $ mn 73
Figure 38. Breakdown of European Mini LED Display Market by Country, 2019 and 2030, % of Revenue 74
Figure 39. Contribution to Europe 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 75
Figure 40. Mini LED Display Market in Germany, 2019-2030, $ mn 76
Figure 41. Mini LED Display Market in U.K., 2019-2030, $ mn 78
Figure 42. Mini LED Display Market in France, 2019-2030, $ mn 80
Figure 43. Mini LED Display Market in Spain, 2019-2030, $ mn 82
Figure 44. Mini LED Display Market in Italy, 2019-2030, $ mn 84
Figure 45. Mini LED Display Market in Russia, 2019-2030, $ mn 86
Figure 46. Mini LED Display Market in Rest of Europe, 2019-2030, $ mn 88
Figure 47. Asia-Pacific Mini LED Display Market, 2019-2030, $ mn 91
Figure 48. Breakdown of APAC Mini LED Display Market by Country, 2019 and 2030, % of Revenue 91
Figure 49. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 93
Figure 50. Mini LED Display Market in Japan, 2019-2030, $ mn 95
Figure 51. Mini LED Display Market in China, 2019-2030, $ mn 97
Figure 52. Mini LED Display Market in Australia, 2019-2030, $ mn 99
Figure 53. Mini LED Display Market in India, 2019-2030, $ mn 101
Figure 54. Mini LED Display Market in South Korea, 2019-2030, $ mn 103
Figure 55. Mini LED Display Market in Rest of APAC, 2019-2030, $ mn 105
Figure 56. South America Mini LED Display Market, 2019-2030, $ mn 108
Figure 57. Breakdown of South America Mini LED Display Market by Country, 2019 and 2030, % of Revenue 108
Figure 58. Contribution to South America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 109
Figure 59. Mini LED Display Market in Argentina, 2019-2030, $ mn 110
Figure 60. Mini LED Display Market in Brazil, 2019-2030, $ mn 112
Figure 61. Mini LED Display Market in Chile, 2019-2030, $ mn 114
Figure 62. Mini LED Display Market in Rest of South America, 2019-2030, $ mn 116
Figure 63. Mini LED Display Market in Middle East and Africa (MEA), 2019-2030, $ mn 118
Figure 64. Breakdown of MEA Mini LED Display Market by Country, 2019 and 2030, % of Revenue 118
Figure 65. Contribution to MEA 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 119
Figure 66. Mini LED Display Market in UAE, 2019-2030, $ mn 120
Figure 67. Mini LED Display Market in Saudi Arabia, 2019-2030, $ mn 122
Figure 68. Mini LED Display Market in South Africa, 2019-2030, $ mn 124
Figure 69. Growth Stage of Global Mini LED Display Industry over the Forecast Period 127

List of Tables:

Table 1. Snapshot of Global Mini LED Display Market in Balanced Perspective, 2019-2030 18
Table 2. Growth Rate of World GDP, 2020-2022 21
Table 3. Main Product Trends and Market Opportunities in Global Mini LED Display Market 31
Table 4. Global Mini LED Display Market by LED Type, 2019-2030, $ mn 39
Table 5. Global Mini LED Display Market by Application, 2019-2030, $ mn 44
Table 6. Global Mini LED Display Market by End Use, 2019-2030, $ mn 51
Table 7. Global Mini LED Display Market by Region, 2019-2030, $ mn 58
Table 8. Leading National Mini LED Display Market, 2019 and 2030F, $ mn 60
Table 9. North America Mini LED Display Market by Country, 2019-2030, $ mn 63
Table 10. U.S. Mini LED Display Market by LED Type, 2019-2030, $ mn 67
Table 11. U.S. Mini LED Display Market by Application, 2019-2030, $ mn 67
Table 12. U.S. Mini LED Display Market by End Use, 2019-2030, $ mn 67
Table 13. Canada Mini LED Display Market by LED Type, 2019-2030, $ mn 69
Table 14. Canada Mini LED Display Market by Application, 2019-2030, $ mn 69
Table 15. Canada Mini LED Display Market by End Use, 2019-2030, $ mn 69
Table 16. Mexico Mini LED Display Market by LED Type, 2019-2030, $ mn 71
Table 17. Mexico Mini LED Display Market by Application, 2019-2030, $ mn 71
Table 18. Mexico Mini LED Display Market by End Use, 2019-2030, $ mn 71
Table 19. Europe Mini LED Display Market by Country, 2019-2030, $ mn 75
Table 20. Germany Mini LED Display Market by LED Type, 2019-2030, $ mn 77
Table 21. Germany Mini LED Display Market by Application, 2019-2030, $ mn 77
Table 22. Germany Mini LED Display Market by End Use, 2019-2030, $ mn 77
Table 23. U.K. Mini LED Display Market by LED Type, 2019-2030, $ mn 79
Table 24. U.K. Mini LED Display Market by Application, 2019-2030, $ mn 79
Table 25. U.K. Mini LED Display Market by End Use, 2019-2030, $ mn 79
Table 26. France Mini LED Display Market by LED Type, 2019-2030, $ mn 81
Table 27. France Mini LED Display Market by Application, 2019-2030, $ mn 81
Table 28. France Mini LED Display Market by End Use, 2019-2030, $ mn 81
Table 29. Spain Mini LED Display Market by LED Type, 2019-2030, $ mn 83
Table 30. Spain Mini LED Display Market by Application, 2019-2030, $ mn 83
Table 31. Spain Mini LED Display Market by End Use, 2019-2030, $ mn 83
Table 32. Italy Mini LED Display Market by LED Type, 2019-2030, $ mn 85
Table 33. Italy Mini LED Display Market by Application, 2019-2030, $ mn 85
Table 34. Italy Mini LED Display Market by End Use, 2019-2030, $ mn 85
Table 35. Russia Mini LED Display Market by LED Type, 2019-2030, $ mn 87
Table 36. Russia Mini LED Display Market by Application, 2019-2030, $ mn 87
Table 37. Russia Mini LED Display Market by End Use, 2019-2030, $ mn 87
Table 38. Mini LED Display Market in Rest of Europe by Country, 2019-2030, $ mn 89
Table 39. APAC Mini LED Display Market by Country, 2019-2030, $ mn 92
Table 40. Japan Mini LED Display Market by LED Type, 2019-2030, $ mn 96
Table 41. Japan Mini LED Display Market by Application, 2019-2030, $ mn 96
Table 42. Japan Mini LED Display Market by End Use, 2019-2030, $ mn 96
Table 43. China Mini LED Display Market by LED Type, 2019-2030, $ mn 98
Table 44. China Mini LED Display Market by Application, 2019-2030, $ mn 98
Table 45. China Mini LED Display Market by End Use, 2019-2030, $ mn 98
Table 46. Australia Mini LED Display Market by LED Type, 2019-2030, $ mn 100
Table 47. Australia Mini LED Display Market by Application, 2019-2030, $ mn 100
Table 48. Australia Mini LED Display Market by End Use, 2019-2030, $ mn 100
Table 49. India Mini LED Display Market by LED Type, 2019-2030, $ mn 102
Table 50. India Mini LED Display Market by Application, 2019-2030, $ mn 102
Table 51. India Mini LED Display Market by End Use, 2019-2030, $ mn 102
Table 52. South Korea Mini LED Display Market by LED Type, 2019-2030, $ mn 104
Table 53. South Korea Mini LED Display Market by Application, 2019-2030, $ mn 104
Table 54. South Korea Mini LED Display Market by End Use, 2019-2030, $ mn 104
Table 55. Mini LED Display Market in Rest of APAC by Country/Region, 2019-2030, $ mn 106
Table 56. South America Mini LED Display Market by Country, 2019-2030, $ mn 109
Table 57. Argentina Mini LED Display Market by LED Type, 2019-2030, $ mn 111
Table 58. Argentina Mini LED Display Market by Application, 2019-2030, $ mn 111
Table 59. Argentina Mini LED Display Market by End Use, 2019-2030, $ mn 111
Table 60. Brazil Mini LED Display Market by LED Type, 2019-2030, $ mn 113
Table 61. Brazil Mini LED Display Market by Application, 2019-2030, $ mn 113
Table 62. Brazil Mini LED Display Market by End Use, 2019-2030, $ mn 113
Table 63. Chile Mini LED Display Market by LED Type, 2019-2030, $ mn 115
Table 64. Chile Mini LED Display Market by Application, 2019-2030, $ mn 115
Table 65. Chile Mini LED Display Market by End Use, 2019-2030, $ mn 115
Table 66. MEA Mini LED Display Market by Country, 2019-2030, $ mn 119
Table 67. UAE Mini LED Display Market by LED Type, 2019-2030, $ mn 121
Table 68. UAE Mini LED Display Market by Application, 2019-2030, $ mn 121
Table 69. UAE Mini LED Display Market by End Use, 2019-2030, $ mn 121
Table 70. Saudi Arabia Mini LED Display Market by LED Type, 2019-2030, $ mn 123
Table 71. Saudi Arabia Mini LED Display Market by Application, 2019-2030, $ mn 123
Table 72. Saudi Arabia Mini LED Display Market by End Use, 2019-2030, $ mn 123
Table 73. South Africa Mini LED Display Market by LED Type, 2019-2030, $ mn 125
Table 74. South Africa Mini LED Display Market by Application, 2019-2030, $ mn 125
Table 75. South Africa Mini LED Display Market by End Use, 2019-2030, $ mn 125
Table 76. AU Optronics Corp: Company Snapshot 131
Table 77. AU Optronics Corp: Business Segmentation 131
Table 78. AU Optronics Corp: Product Portfolio 132
Table 79. AU Optronics Corp: Revenue, 2018-2020, $ mn 132

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Global Mini LED Display Market 2020-2030

Global Mini LED Display Market 2020-2030