Mini LED Market By Led Type (Standard LEDs, Low-current LEDs, and Ultra-high Output LEDs), By Application Type (Consumer Electronics, Mobile Phones, Laptop, Television, Automotive, and Others ), and Geography  

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Mini LED Market size is expected to be valued at USD 447.4 million in 2023 and is poised to grow at a significant CAGR of 39.2% over 2024-2030.  LED is an advanced technology developed from traditional LED, which comprises several mini-LEDs in the display substrate to have an improved version of contrast and brightness than LCD. Mini LED is being rapidly adopted by the producers due to its benefits over LCD, as LCD cannot generate the absolute level of blackness on screen, whereas mini-LED has better control over the light, illuminating better contrast and brightness level. Mini LED market trend in consumers electronic market as it is popularization increasing day by day in the demand of display units such as TVs, smartphones, and others.  Rising demand for consumer electronics with better performance and efficiency will drive the mini led market demand for ultra-high output mini-LEDs. However, mini-LEDs need much higher precision in the substrate than traditional LEDs.

The time-consuming process compared to the traditional LEDs is projected to hinder the mini-LED market size growth. Mini LED used in modern LCD displays addresses the issue by increasing the dimming capabilities of LCD panels. Thus, it has popularized among numerous manufacturers to adopt the mini-LED for backlighting of LCD panels for getting better performance of display to create an immersive picture. These are some factors expected to create mini-LED market demand opportunities.  Moreover, further advancements in the led device will surely create attractive opportunities among numerous players across the globe. The Asia Pacific is projected to register a considerable share in the coming next few years owing to the presence of key players across China, Japan, and Taiwan.  

Mini Led Market Recent Key Developments:

In June 2021, TCL launched the first mini-LED QLED 4K TV in India.

Mini Led Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

39.2%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Mini LED Market Dynamics

The global market for Mini LED is primarily driven by the increasing use of mini led in extensive applications such as laptop and television panels and many more. In standings of panel specifications, television panels with thin and fine bezels have become a necessity to match the trend of slim and stylish designs. While the penetration rate of IPS wide viewing angle is increasing with time, so far more than half of the products have wide, and varied viewing angle specifications and narrow bezel. These are the continuous improvement and advancements in television panels with mini-led will surely boost the demand of mini-led globally.

Mini Led Market Segmentation

By LED Type
  • Standard LEDs
  • Low-current LEDs
  • Ultra-high Output LEDs
By Application
  • Consumer Electronics
  • Mobile Phones
  • Laptop
  • Television
  • Automotive
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

A rise in new trade relationships amongst different countries and rapid growth in e-commerce industries worldwide.

Key players’ profiles in the Mini LED Market report are AUO Corporation, BOE Technology Group Co., Ltd., EVERLIGHT ELECTRONICS CO. LTD., Harvatek Corporation, Japan Display, Inc., Innolux Optoelectronics Co., Ltd., Tianma Microelectronics Co., Ltd., Unity Opto, Epistar Corp, Cree, Inc., Revolution Lighting Technologies.

Asia-Pacific has the highest market share of the global market of Mini LED

Key Features of the Reports

  • The mini led market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2.Global Mini Led Market Introduction 
2.1.Global Mini Led Market  - Taxonomy
2.2.Global Mini Led Market  - Definitions
2.2.1. LED Type
2.2.2.Application
2.2.3.Geography
2.2.4.Region
3.Global Mini Led Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Mini Led Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Mini Led Market  By  LED Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Standard LEDs
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Low-current LEDs
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Ultra-high Output LEDs
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Mini Led Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Consumer Electronics
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Mobile Phones
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Laptop
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Television
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Automotive
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7.Global Mini Led Market  By Geography, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. The Asia Pacific
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Latin America
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. MEA
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Mini Led Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Mini Led Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1.  LED Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Standard LEDs
9.1.2.Low-current LEDs
9.1.3.Ultra-high Output LEDs
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Consumer Electronics
9.2.2.Mobile Phones
9.2.3.Laptop
9.2.4.Television
9.2.5.Automotive
9.2.6.Others
9.3.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.North America
9.3.2.Europe
9.3.3.The Asia Pacific
9.3.4.Latin America
9.3.5.MEA
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Mini Led Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1.  LED Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Standard LEDs
10.1.2.Low-current LEDs
10.1.3.Ultra-high Output LEDs
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Consumer Electronics
10.2.2.Mobile Phones
10.2.3.Laptop
10.2.4.Television
10.2.5.Automotive
10.2.6.Others
10.3.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.North America
10.3.2.Europe
10.3.3.The Asia Pacific
10.3.4.Latin America
10.3.5.MEA
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Mini Led Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1.  LED Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Standard LEDs
11.1.2.Low-current LEDs
11.1.3.Ultra-high Output LEDs
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Consumer Electronics
11.2.2.Mobile Phones
11.2.3.Laptop
11.2.4.Television
11.2.5.Automotive
11.2.6.Others
11.3.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.North America
11.3.2.Europe
11.3.3.The Asia Pacific
11.3.4.Latin America
11.3.5.MEA
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Mini Led Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1.  LED Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Standard LEDs
12.1.2.Low-current LEDs
12.1.3.Ultra-high Output LEDs
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Consumer Electronics
12.2.2.Mobile Phones
12.2.3.Laptop
12.2.4.Television
12.2.5.Automotive
12.2.6.Others
12.3.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.North America
12.3.2.Europe
12.3.3.The Asia Pacific
12.3.4.Latin America
12.3.5.MEA
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Mini Led Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1.  LED Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Standard LEDs
13.1.2.Low-current LEDs
13.1.3.Ultra-high Output LEDs
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Consumer Electronics
13.2.2.Mobile Phones
13.2.3.Laptop
13.2.4.Television
13.2.5.Automotive
13.2.6.Others
13.3.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.North America
13.3.2.Europe
13.3.3.The Asia Pacific
13.3.4.Latin America
13.3.5.MEA
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.AUO Corporation
14.2.2.BOE Technology Group Co., Ltd.
14.2.3.EVERLIGHT ELECTRONICS CO. LTD.
14.2.4.Harvatek Corporation
14.2.5.Japan Display, Inc.
14.2.6.Innolux Optoelectronics Co., Ltd.
14.2.7.Tianma Microelectronics Co., Ltd.
14.2.8.Unity Opto
14.2.9.Epistar Corp
14.2.10.Cree, Inc.
14.2.11.Revolution Lighting Technologies, Inc.
14.2.12.Orion Energy Systems, Inc
14.2.13.Deco Lighting
14.2.14.NationStar
14.2.15.Harvick Corporation
14.2.16.Sanan Optoelectronics Co., Ltd.
14.2.17.Eaton
15. Research Methodology 
16. Appendix and Abbreviations 
  • AUO Corporation
  • BOE Technology Group Co., Ltd.
  • EVERLIGHT ELECTRONICS CO. LTD.
  • Harvatek Corporation
  • Japan Display, Inc.
  • Innolux Optoelectronics Co., Ltd.
  • Tianma Microelectronics Co., Ltd.
  • Unity Opto
  • Epistar Corp
  • Cree, Inc.
  • Revolution Lighting Technologies, Inc.
  • Orion Energy Systems, Inc
  • Deco Lighting
  • NationStar
  • Harvick Corporation
  • Sanan Optoelectronics Co., Ltd.
  • Eaton

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