Asia Pacific Mini LED Display Market 2020-2030

Asia Pacific mini LED display market will grow by 72.3% annually with a total addressable market cap of $7,582.5 million over 2021-2030 owing to the rising demand for consumer electronics products, growth in the automotive sector and other related applications, and technological advancements in digital displays.

Mini-LEDs are essentially very small LEDs (around 0.2 millimetres in size or a bit smaller) that collectively produce the backlight on LCD display panels. Sitting behind the LCD matrix, they offer granular control over light intensity and hence a better contrast ratio. However, they shouldn’t be confused with Micro-LEDs, which are even smaller in size. 

East Asia is seen as the most lucrative region for mini LEDs, backed by strong growth of the semiconductor industry in the region, especially with respect to smart screens with longer lifespan and better efficiency. China and South Korea play an important role in the manufacturing and distribution of mini LEDs, backed by economy of scale strategy with respect to production facilities. Increasing demand for OLED smart televisions and rising popularity of smart screen products and LED projectors will drive the demand for mini LEDs in the consumer electronics market. Furthermore, ascending demand for smartphones as an aftereffect of advancements in the telecommunication industry and launch of LTE services have catalyzed the growth of the mini LED market in the recent past.

One of the key advantages of OLED displays over IPS LCD panels is a higher contrast ratio. OLEDs produce natural and deeper blacks, while most LCDs tend to generate mere darker shades of grey. High-end LCDs such as the IPS Retina Display from Apple can produce considerable deep blacks, but they still pale in comparison to OLEDs. Traditional LED-backlit LCDs have limited local dimming capabilities. Note that for an LCD to display black-colored images on the screen, it needs to turn off backlighting from a specific area within the panel. However, traditional LED-backlit application uses a single or multiple but sizable strips or areas of LED backlighting. Hence, although an area of LEDs has been turned off to display a black-colored image, light still bleeds out from other LEDs that remained turned on. Mini-LED addresses this issue by increasing the local dimming capabilities of LCD panels. The concept behind using small-sized LEDs is to emulate the emissive nature of OLED. Note that OLED can produce deep blacks since it does not need backlighting, and black-colored images are actually produced by turning off individual organic light-emitting diode. This better quality of display is what drives the market with consumer in this sector appealing better and better performance and technology.

Another  key advantage of using mini-LED as a backlighting scheme for LCD is cost. It is more practical and economical to produce LCD with mini-LED than to produce OLED, microLED, and quantum dot displays. When applied in IPS LCD panels, a mini-LED LCD inherits the advantages of in-plane switching over OLEDs to include longer lifespan and durability while also demonstrating the benefits found in emissive displays. This middle ground achieved by the mini led products is what make them viable and facilitate their better adoption rates, which increases the demand and drive the market.

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Manmayi Raval

Research Consultant

Although there are some drawbacks of mini-LED is that it is still about 20 percent more expensive to manufacture than conventional LED-backlit LCD. Take note that a 45-inch to 65-inch LCD panel will need about 14000 to 20000 small-sized LEDs as its backlighting. The technology is also relatively new. The manufacturing capacity of suppliers needs to keep up with the demand. Higher demand for micro-LED IPS LCD panels will definitely consume the production capacity of LED chip manufacturers. Hence, because of its more expensive manufacturing cost and limited production capacity of manufacturers, the technology is best reserved for top-tier devices such as premium smartphones and tablet computers, as well as high-range laptops and television sets.

Depending on its application, mini-LED also inherits the disadvantages of the underlying display technology. Consider IPS LCD as an example. Because in-plane switching has a slower refresh rate and pixel response than OLED by default, a micro-LED IPS LCD might not be suitable for fast-paced and competitive gaming. An IPS LCD also consumes more power than OLED and other photo-emissive display technologies because it uses backlighting. Still, it is essential to note that using micro-LED can improve the energy efficiency of LCD panels.

COVID-19 impact

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The market was affected by the pandemic very extensively in both a negative and positive manner. With the onset of lockdowns and social distancing the market observed an increased demand for mobile technology and entertainment gadgets like TV which use displays as a part of their functioning. This increase in demand in the OEM sector of the market propelled the market. on the other hand the market was negatively affected with issues in supply chain and halted productions due to lack of human resources which was a result of the pandemic.  

Highlighted with 27 tables and 36 figures, this 88-page report “Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
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.)