Mini LED Market – Global Industry Analysis and Forecast (2022-2027)

Mini LED market was worth US$ 81.29 Mn in 2021, and overall revenue is anticipated to rise at a rate of 85.20% from 2021 to 2027, reaching almost US$ 3280 Mn In 2027.

Mini LED Market Overview:

The global mini LED market was worth USD 23.7 million in 2021, and it is expected to grow at a significant CAGR of 85.2 % over the forecast period. By the end of 2027, overall exports are anticipated to exceed 370 thousand units. Miniature light-emitting diodes are the next-generation display technology, with high contrast ratio, increased brightness, a broader color gamut, low power consumption, and fast reaction times. Because they are considered to have superior contrast and brightness than organic light-emitting diodes (OLEDs), are expected to progressively reduce the other's market share over the next several years. Furthermore, to ensure trouble-free production, manufacturers just need to modify the driver ICs and invest in manufacturing equipment in the existing standard LCD production setup. As a result, tiny LED technology gives a chance for conventional LCD manufacturers to enhance product characteristics and compete with existing OLED technology. Mini LED Market To know about the Research Methodology :- Request Free Sample Report COVID-19 Impact on the Global Mini LED Market: 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 epidemic, these variables have had a major negative influence on mini LED demand. The COVID-19 epidemic 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. Currently, European nations such as Germany, Italy and the United Kingdom are among the worst-affected, with significant fatality rates. In the short term, this has a detrimental impact on the region's market growth.

Mini LED Market Dynamics:

Mini LEDs with a size of 100-200 micrometers have been commercialized, and several companies are developing 50-micrometer versions. Televisions, automobile displays, and smartphones are just a few of the applications that are starting to gain interest in the next years. 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. 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. Mini LED Market are currently facing a number of technical challenges, including the need to improve wavelength and thickness uniformity during the Atomic Layer Deposition (ALD) process during chip manufacturing, and the need for a suitable adsorbent. These obstacles have limited the commercialization of mini LEDs because the necessary breakthroughs to overcome them have yet to be made.

Mini LED Market Segment Analysis:

Based on Application, the Mini LEDs sub-segmented into Consumer electronics, Automotive, and Others. The consumer electronics industry held the largest share of xx% in 2021. 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. By 2027, the consumer electronics market for mini LEDs is expected to generate a USD$1 billion economic value. However, the market for mini LEDs in the automotive sector is expected to grow at a CAGR of 21% from 2021 to 2027. The use of digital displays and lighting environments is driving this rapid expansion in the automobile sector. Based on Type the global Mini LEDs are sub-segmented into Standard LED, Low current LED and Ultra high output LED. Mini LEDs are becoming common in display units such as televisions, cell phones, and other electronic devices. Rising demand for consumer electrical goods with greater performance and efficiency is expected to drive demand for ultra-high output micro LEDs. By the end of 2030, the market for ultra-high output tiny LEDs is expected to account for more than 1/3 of the overall market share. On the other hand, the market for standard mini LEDs is expected to remain the most profitable, with a valuable opportunity of US$ 490 million during the projection period.

Mini LED Market Regional Insights:

East Asia is considered the most profitable market for mini LEDs, due to the region's strong semiconductor industry's expansion, particularly in the area of smart displays with longer lifespans and higher efficiency. China and South Korea are major players in the manufacturing and distribution of mini LEDs, owing to their economies of scale in terms of production facilities. The small LED market in South Asia, in particular, is expected to grow at a CAGR of 16 percent, generating a total potential of US$ 130 million during the projected period. This growth is fuelled by improvements in the region's consumer electronics industry. North America had the highest market share of xx% in 2021. 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. At SID Display Week 2019, Rohinni LLC, a U.S.-based start-ups, displayed a variety of products, including tiny LED lights and panels. In the year 2019, Company has launched its first mini light-emitting diode product on the market.

Recent Developments:

In 2019 TCL Corporation's Shenzhen China Star Optoelectronics Technology Co., Ltd. (CSOT) exhibited an 8-inch flexible display. The display features a 60% transparency rate and a 0.55mm panel size. At the 2019 Consumer Electronics Innolux Corporation displayed a 10.1-inch AM mini LED car display with 1000 local dimming zones and a 65-inch 8K micro-LED display. The objective of the report is to present a comprehensive analysis of the global Mini LED Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Mini LED Market dynamics, structure by analyzing the market segments and project the global Mini LED Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Mini LED Market make the report investor’s guide.

Mini LED Market Scope: Inquire before buying

Global Mini LED Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US$ 81.29 Mn.
Forecast Period 2022 to 2027 CAGR: 85.20% Market Size in 2027: US$ 3280 Mn.
Segments Covered: by Application • Consumer Electronics • Automotive • Others
by Type • Standard LED • Low current LED • Ultra high o/p LED

Mini LED Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Mini LED Market Key Players

Acuity Brands • Cree • Eaton • GE Lighting • Philips Lighting • Osram • Nichia Corporation • Seoul Semiconductor • Zumtobel Group • Everlight Electronics • Mouser Electronics • EGL Company • Bisco Industries • JKL Component Corporation • Core Electronics Frequently Asked Questions: 1. Which region has the largest share in Global Mini LED Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Global Mini LED Market? Ans: The Global Mini LED Market is growing at a CAGR of 85.20% during forecasting period 2022-2027. 3. What is scope of the Global Mini LED market report? Ans: Global Mini LED Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Mini LED market? Ans: The important key players in the Global Mini LED Market are – Acuity Brands, Cree, Eaton, GE Lighting, Philips Lighting, Osram, Nichia Corporation, Seoul Semiconductor, Zumtobel Group, Everlight Electronics, Mouser Electronics, EGL Company, Bisco Industries, JKL Component Corporation, and Core Electronics 5. What is the study period of this market? Ans: The Global Mini LED Market is studied from 2021 to 2027.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Mini LED Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Mini LED Market 3.4. Geographical Snapshot of the Mini LED Market, By Manufacturer share 4. Global Mini LED Market Overview, 2021-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Mini LED Market 5. Supply Side and Demand Side Indicators 6. Global Mini LED Market Analysis and Forecast, 2021-2027 6.1. Global Mini LED Market Size & Y-o-Y Growth Analysis. 7. Global Mini LED Market Analysis and Forecasts, 2021-2027 7.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 7.1.1. Consumer Electronics 7.1.2. Automotive 7.1.3. Others 7.2. Market Size (Value) Estimates & Forecast By Type, 2021 7.2.1. Standard LED 7.2.2. Low current LED 7.2.3. Ultra high o/p LED 8. Global Mini LED Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Mini LED Market Analysis and Forecasts, 2021-2027 9.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 9.1.1. Consumer Electronics 9.1.2. Automotive 9.1.3. Others 9.2 Market Size (Value) Estimates & Forecast By Type, 2021-2027 9.2.1. Standard LED 9.2.2. Low current LED 9.2.3. Ultra high o/p LED 10. North America Mini LED Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Mini LED Market Analysis and Forecasts, 2021-2027 11.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 11.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 12. Canada Mini LED Market Analysis and Forecasts, 2021-2027 12.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 12.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 13. Mexico Mini LED Market Analysis and Forecasts, 2021-2027 13.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 13.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 14. Europe Mini LED Market Analysis and Forecasts, 2021-2027 14.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 14.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 15. Europe Mini LED Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Mini LED Market Analysis and Forecasts, 2021-2027 16.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 16.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 17. France Mini LED Market Analysis and Forecasts, 2021-2027 17.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 17.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 18. Germany Mini LED Market Analysis and Forecasts, 2021-2027 18.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 18.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 19. Italy Mini LED Market Analysis and Forecasts, 2021-2027 19.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 19.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 20. Spain Mini LED Market Analysis and Forecasts, 2021-2027 20.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 20.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 21. Sweden Mini LED Market Analysis and Forecasts, 2021-2027 21.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 21.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 22. CIS Countries Mini LED Market Analysis and Forecasts, 2021-2027 22.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 22.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 23. Rest of Europe Mini LED Market Analysis and Forecasts, 2021-2027 23.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 23.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 24. Asia Pacific Mini LED Market Analysis and Forecasts, 2021-2027 24.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 24.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 25. Asia Pacific Mini LED Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Mini LED Market Analysis and Forecasts, 2021-2027 26.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 26.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 27. India Mini LED Market Analysis and Forecasts, 2021-2027 27.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 27.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 28. Japan Mini LED Market Analysis and Forecasts, 2021-2027 28.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 28.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 29. South Korea Mini LED Market Analysis and Forecasts, 2021-2027 29.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 29.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 30. Australia Mini LED Market Analysis and Forecasts, 2021-2027 30.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 30.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 31. ASEAN Mini LED Market Analysis and Forecasts, 2021-2027 31.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 31.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 32. Rest of Asia Pacific Mini LED Market Analysis and Forecasts, 2021-2027 32.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 32.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 33. Middle East Africa Mini LED Market Analysis and Forecasts, 2021-2027 33.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 33.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 34. Middle East Africa Mini LED Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Mini LED Market Analysis and Forecasts, 2021-2027 35.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 35.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 36. GCC Countries Mini LED Market Analysis and Forecasts, 2021-2027 36.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 36.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 37. Egypt Mini LED Market Analysis and Forecasts, 2021-2027 37.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 37.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 38. Nigeria Mini LED Market Analysis and Forecasts, 2021-2027 38.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 38.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 39. Rest of ME&A Mini LED Market Analysis and Forecasts, 2021-2027 39.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 39.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 40. South America Mini LED Market Analysis and Forecasts, 2021-2027 40.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 40.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 41. South America Mini LED Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Mini LED Market Analysis and Forecasts, 2021-2027 42.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 42.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 43. Argentina Mini LED Market Analysis and Forecasts, 2021-2027 43.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 43.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 44. Rest of South America Mini LED Market Analysis and Forecasts, 2021-2027 44.1. Market Size (Value) Estimates & Forecast By Application, 2021-2027 44.2. Market Size (Value) Estimates & Forecast By Type, 2021-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Mini LED Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Grid Application Launches and Grid Application Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Acuity Brands 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Grid Type Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Development 45.3.2. Cree 45.3.3. Eaton 45.3.4. GE lighting 45.3.5. Philips Lighting 45.3.6. Osram 45.3.7. Nichia Corporation 45.3.8. Seoul Semiconductor 45.3.9. Zumtobel Group 45.3.10. Everlight Electronics 45.3.11. Mouser Electronics 45.3.12. EGL Company 45.3.13. Bisco Industries 45.3.14. JKL Components Corporation 45.3.15. Core electronics 46. Primary Key Insights

About This Report

Report ID 113825
Category Electronics
Published Date June 2022
Updated Date
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