List of Figures:
Figure 1. Research Method Flow Chart 9
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 12
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 14
Figure 4. Asia Pacific Mini LED Display Market, 2019-2030, $ mn 16
Figure 5. Impact of COVID-19 on Business 20
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Mini LED Display Market 22
Figure 7. Primary Restraints and Impact Factors of Asia Pacific Mini LED Display Market 25
Figure 8. Investment Opportunity Analysis 29
Figure 9. Porter’s Fiver Forces Analysis of Asia Pacific Mini LED Display Market 32
Figure 10. Breakdown of Asia Pacific Mini LED Display Market by LED Type, 2019-2030, % of Revenue 37
Figure 11. Asia Pacific Addressable Market Cap in 2021-2030 by LED Type, Value ($ mn) and Share (%) 37
Figure 12. Asia Pacific Mini LED Display Market by LED Type: Standard LEDs, 2019-2030, $ mn 38
Figure 13. Asia Pacific Mini LED Display Market by LED Type: Low-current LEDs, 2019-2030, $ mn 39
Figure 14. Asia Pacific Mini LED Display Market by LED Type: Ultra-high Output LEDs, 2019-2030, $ mn 40
Figure 15. Breakdown of Asia Pacific Mini LED Display Market by Application, 2019-2030, % of Sales Revenue 42
Figure 16. Asia Pacific Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 42
Figure 17. Asia Pacific Mini LED Display Market by Application: Automotive Display, 2019-2030, $ mn 43
Figure 18. Asia Pacific Mini LED Display Market by Application: Television, 2019-2030, $ mn 44
Figure 19. Asia Pacific Mini LED Display Market by Application: Smartphones, 2019-2030, $ mn 45
Figure 20. Asia Pacific Mini LED Display Market by Application: Notebook/Laptop, 2019-2030, $ mn 46
Figure 21. Asia Pacific Mini LED Display Market by Application: Other Applications, 2019-2030, $ mn 47
Figure 22. Breakdown of Asia Pacific Mini LED Display Market by End Use, 2019-2030, % of Sales Revenue 49
Figure 23. Asia Pacific Addressable Market Cap in 2021-2030 by End Use, Value ($ mn) and Share (%) 49
Figure 24. Asia Pacific Mini LED Display Market by End Use: Consumer Electronics, 2019-2030, $ mn 50
Figure 25. Asia Pacific Mini LED Display Market by End Use: Automotive Industry, 2019-2030, $ mn 51
Figure 26. Asia Pacific Mini LED Display Market by End Use: Advertisement, 2019-2030, $ mn 52
Figure 27. Asia Pacific Mini LED Display Market by End Use: Other End Uses, 2019-2030, $ mn 53
Figure 28. Breakdown of APAC Mini LED Display Market by Country, 2019 and 2030, % of Revenue 55
Figure 29. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 56
Figure 30. Mini LED Display Market in Japan, 2019-2030, $ mn 58
Figure 31. Mini LED Display Market in China, 2019-2030, $ mn 60
Figure 32. Mini LED Display Market in Australia, 2019-2030, $ mn 62
Figure 33. Mini LED Display Market in India, 2019-2030, $ mn 64
Figure 34. Mini LED Display Market in South Korea, 2019-2030, $ mn 66
Figure 35. Mini LED Display Market in Rest of APAC, 2019-2030, $ mn 68
Figure 36. Growth Stage of Asia Pacific Mini LED Display Industry over the Forecast Period 70
List of Tables:
Table 1. Snapshot of Asia Pacific Mini LED Display Market in Balanced Perspective, 2019-2030 15
Table 2. Growth Rate of World GDP, 2020-2022 18
Table 3. Main Product Trends and Market Opportunities in Asia Pacific Mini LED Display Market 28
Table 4. Asia Pacific Mini LED Display Market by LED Type, 2019-2030, $ mn 36
Table 5. Asia Pacific Mini LED Display Market by Application, 2019-2030, $ mn 41
Table 6. Asia Pacific Mini LED Display Market by End Use, 2019-2030, $ mn 48
Table 7. APAC Mini LED Display Market by Country, 2019-2030, $ mn 55
Table 8. Japan Mini LED Display Market by LED Type, 2019-2030, $ mn 59
Table 9. Japan Mini LED Display Market by Application, 2019-2030, $ mn 59
Table 10. Japan Mini LED Display Market by End Use, 2019-2030, $ mn 59
Table 11. China Mini LED Display Market by LED Type, 2019-2030, $ mn 61
Table 12. China Mini LED Display Market by Application, 2019-2030, $ mn 61
Table 13. China Mini LED Display Market by End Use, 2019-2030, $ mn 61
Table 14. Australia Mini LED Display Market by LED Type, 2019-2030, $ mn 63
Table 15. Australia Mini LED Display Market by Application, 2019-2030, $ mn 63
Table 16. Australia Mini LED Display Market by End Use, 2019-2030, $ mn 63
Table 17. India Mini LED Display Market by LED Type, 2019-2030, $ mn 65
Table 18. India Mini LED Display Market by Application, 2019-2030, $ mn 65
Table 19. India Mini LED Display Market by End Use, 2019-2030, $ mn 65
Table 20. South Korea Mini LED Display Market by LED Type, 2019-2030, $ mn 67
Table 21. South Korea Mini LED Display Market by Application, 2019-2030, $ mn 67
Table 22. South Korea Mini LED Display Market by End Use, 2019-2030, $ mn 67
Table 23. Mini LED Display Market in Rest of APAC by Country/Region, 2019-2030, $ mn 69
Table 24. AU Optronics Corp: Company Snapshot 74
Table 25. AU Optronics Corp: Business Segmentation 74
Table 26. AU Optronics Corp: Product Portfolio 75
Table 27. AU Optronics Corp: Revenue, 2018-2020, $ mn 75
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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.
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
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.)
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