- Standard LEDs
- Low-current LEDs
- Ultra-high Output LEDs
Mini LED Market size is expected to be valued at USD 447.4 million in 2022 and is poised to grow at a significant CAGR of 39.2% over 2022–2028.  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 consumer’s 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. Recent Market Developments: In June 2021, TCL launched the first mini-LED QLED 4K TV in India.
Mini Led Market Summary
Study Period
2023-29
Base Year
2022
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.
Asia Pacific Got Significant Share
Mini LED Market
The Mini LED Market in the Asia Pacific is likely to hold a significant revenue share in 2021 and is expected to dominate the global market over the forecasted period owing to having prominent players in the regional market, especially in China and South Korea. This region plays an important role in the manufacturing and distribution of mini-LEDs, backed by the economy of scale strategy with respect to production facilities. This growth is further pushed by advancements in the consumer electronics industry, and the increasing popularity of smart devices in these regions. Moreover, India is seen as an evolving market with growing popularity of smart TVs, smartphones, smart watches, etc., expanding its mini-LED market share.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The Mini LED Market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
- 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
Mini Led Market Segmentation
LED Type
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
| 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. 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. Global Mini LED Market Dynamic Factors - Impact Analysis |
| 3.6. Global Mini LED Market – Competition Landscape |
| 4. Global Mini LED Market Analysis,2017 - 2021 and Forecast, 2022 - 2028 |
| 4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Mini LED Market, By Led Type, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
| 5.1. Standard LEDs |
| 5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 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 Type, 2017 – 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn) |
| 6.1. Consumer Electronics |
| 6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 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 Forecast, By Region, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Mini LED Market - Opportunity Analysis Index, By Led Type, Application, and Region, 2022 - 2028 |
| 8. North America Mini LED market analysis,2017–2021 and Forecast, 2022–2028(Revenue, USD Mn) |
| 8.1. Led Type Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Standard LEDs |
| 8.1.2. Low-current LEDs |
| 8.1.3. Ultra-high Output LEDs |
| 8.2. Application Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Consumer Electronics |
| 8.2.2. Mobile Phones |
| 8.2.3. Laptop |
| 8.2.4. Television |
| 8.2.5. Automotive |
| 8.2.6. Others |
| 8.3. Country Analysis 2017 - 2021 and Forecast 2022 - 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Mini LED Market - Opportunity Analysis Index, By Led Type, Application, and Country, 2022 - 2028 |
| 8.5. North America Mini LED Market Dynamics – Trends |
| 9. Europe Mini LED Market Analysis, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn) |
| 9.1. Led Type Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), 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 Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), 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. Country Analysis 2017–2021and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Mini LED Market - Opportunity Analysis Index, By Led Type, Application, and Country, 2022 - 2028 |
| 9.5. Europe Mini LED Market Dynamics – Trends |
| 10. Asia-Pacific Mini LED Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 10.1. Led Type Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), 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 Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), 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. Country Analysis2017–2021and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Mini LED Market - Opportunity Analysis Index, By Led Type, Application, and Country,2022 - 2028 |
| 10.5. Asia-Pacific Mini LED Market Dynamics – Trends |
| 11. Latin America Mini LED Market Analysis,2017 - 2021 and Forecast, 2022–2028(Revenue, USD Mn) |
| 11.1. Led Type Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), 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 Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), 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. Country Analysis 2017–2021and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Mini LED Market - Opportunity Analysis Index, By Led Type, Application, and Country, 2022 - 2028 |
| 11.5. Latin America Mini LED Market Dynamics – Trends |
| 12. Middle East and Africa Mini LED Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 12.1. Led Type Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), 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 Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), 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. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Mini LED Market - Opportunity Analysis Index, By Led Type, Application, and Country, 2022 - 2028 |
| 12.5. MEA Mini LED Market Dynamics – Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Led Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. AUO Corporation |
| 13.2.2. BOE Technology Group Co., Ltd. |
| 13.2.3. EVERLIGHT ELECTRONICS CO. LTD. |
| 13.2.4. Harvatek Corporation |
| 13.2.5. Japan Display, Inc. |
| 13.2.6. Innolux Optoelectronics Co., Ltd. |
| 13.2.7. Tianma Microelectronics Co., Ltd. |
| 13.2.8. Unity Opto |
| 13.2.9. Epistar Corp |
| 13.2.10. Cree, Inc. |
| 13.2.11. Revolution Lighting Technologies, Inc. |
| 13.2.12. Orion Energy Systems, Inc |
| 13.2.13. Deco Lighting |
| 13.2.14. NationStar |
| 13.2.15. Harvick Corporation |
| 13.2.16. Sanan Optoelectronics Co., Ltd. |
| 13.2.17. Eaton |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- 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