North America Mini LED Display Market 2020-2030

North America Mini LED Display Market 2020-2030

Bonafide Trust 18-08-2022 82 Pages
Region : North America Category : Semiconductor & Electronics Electronics

North America mini LED display market is expected to grow by 71.0% annually in the forecast period and reach $1,994.7 million by 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) are the displays that use very small LEDs to produce the display’s light. Traditional backlit LCD technology is referenced in the new micro LED technology. Instead of employing a single large or many smaller locally dimmed backlights, this method uses thousands of tiny LED backlights to provide considerably greater local dimming characteristics. Because there is no practical limit on the size and density of the backlights, Mini LED can scale from small to large panel sizes.

One of the main reasons for the market's expected growth is that micro light-emitting diode technology—another successful next-generation display technology. Furthermore, the increasing use of LED screens in the automotive and military industries has created new market prospects for mini LEDs. And the region consist of USA which heavily invest in military sector. The introduction of the NGN (Next Generation Network) and the increasing popularity of the IoT(Internet of Things) are projected to increase demand for smartphones, smartwatches, laptops, projectors, and other smart gadgets. During the projected period, this increase in demand for smart gadgets would finally boost the Mini LED market size during the forecast period. Factors attributing to the growth of the segment are increasing demand for OLED (Organic Light Emitting Diode), smart televisions, and the increasing popularity of smart screen devices and LED projectors. Furthermore, the recent development of the mini LED market has been rising demand for smartphones as a result of improvements in the telecommunications industry.

Mini LEDs are becoming common in display units such as televisions, cell phones, and other electronic devices. Rising demand for consumer electrical goods with greater performance and efficiency is expected to drive demand for ultra-high output micro LEDs. Consumer electronics and automobile companies in the United States are eager to try out new technology and hence early adopters of a variety of innovative goods. Furthermore, throughout the forecast period, strong regional demand for high-end gaming monitors and laptops in the nation is likely to drive market growth. The rise in demand for better display solutions by end users drive the growth of this market. The ever-changing preferences of consumers in electronics area is increasing the growth rate. The prominent players in the market are focused on launching innovative products keeping in mind the needs of the end users. For instance, in October 2021, Apple announced its plans to introduce a 27-inch iMac with mini-LED and ProMotion technology in the first quarter of 2022. The 27-inch display for the iMac will showcase mini-LED backlighting, and many other features. Thus, the increasing demand for such displays drives the growth of the segment.

Moreover, there is effective growth in demand for mini-LED display in the automotive industry. The penetration of mini-LED screen is probable to increase during the forthcoming years and become popular for automotive applications. Mini LED technology has been accepted as backlight for automotive displays such as HUDs, dashboards, in-vehicle infotainment systems, and rear-view mirror displays. Some LED producers also announced conceptual applications of external automotive lighting with mini-LED technology. However, one of the key restraints is the high cost of mini-LED display. On the contrary, the positive growth in investment in mini-LED display technologies in North America is anticipated to deliver the lucrative opportunities for the expansion of the mini-LED display industry during the review period.

Not only has this, the industry is mainly propelled by an augment in demand for smart consumer electronics featured with brighter and energy-efficient display panels. The key players are contributing a lot in product research and development to producer advanced display quality, which is another aspect propelling the market growth. Therefore, it is predicted that during the review period the market of mini-LED display will grow more precisely over the near future

Impact of Covid-19
Coronavirus has caused the entire globe. Lockdowns and stringent social distancing measures have been implemented in nearly every country. As a result, supply networks have been disrupted. During this Pandemic, these variables have had a major negative influence on mini LED demand. The COVID-19 Pandemic has had a significant impact on North America, resulting in a drop in consumer electronics consumption and, as a result, a fall in demand for mini LEDs.

Highlighted with 20 tables and 33 figures, this 82-page report “North America 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 Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America 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 North America 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 North America mini LED display market in every aspect of the classification from perspectives of LED Type, Application, End Use, and Country.

Based on LED Type, the North America 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 North America 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 North America 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 national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown 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.)

Read More

Card image cap

Interested in this report?
Get your FREE sample!

Requirement Gathering & Methodology
Data Collection Techniques
Our Research Team & Data Sourcing
Data Science & Analytical Tools
Data Visualization & Presentation Skills
Project/ Report Delivery & After Sales Services