The global Mini LED market size is expected to be worth around US$ 8.9 billion by 2030, according to a new report by Vision Research Reports.
The global Mini LED market size was valued at US$ 26.6 million in 2020 and is anticipated to grow at a CAGR of 88.6% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 8.9 billion by 2030 |
| Growth Rate | CAGR of 88.6% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Innolux Corporation; Japan Display, Inc.; Everlight Electronics Co. Ltd.; EPISTAR Corporation; and AU Optronics Corp |
Growth Factors
Amidst rapid development of Organic Light-Emitting Diodes (OLEDs), mini LEDs have gradually forayed into the industry to bridge the application and technology gap between micro LEDs, which have not been able to overcome their inherent technical hurdles, and traditional LEDs. They are being integrated into backlight modules owing to their increased color gamut and brightness level, lower response time, and improved contrast ratio.
Increasing demand for miniaturized display in consumer electronics devices is expected to positively impact industry growth over the next few years. Mini light-emitting diodes are expected to aid chip makers in gaining market share and technology penetration.
By Application Analysis
The mini LED market is segregated based on application into consumer electronics, automotive, and others. The consumer electronics segment held the largest market share in 2020. This segment comprises smartphones, notebooks/laptops, and televisions. Mini light-emitting diodes have potential applications in backlighting and digital displays.
Automotive display and lighting applications are expected to adopt this technology in the coming years. Mini LEDs provide better clarity in the display, thereby ensuring safety and security while driving. Everlight Electronics Co., Ltd., a Taiwan-based LED manufacturing company, developed a mini LED-based taillight, which was sent for trial to various automotive companies.
By Regional Analysis
From a supply chain perspective, Taiwan panel manufacturers are struggling in OLED panel production capacity, and thus these companies are focusing on the development of mini LED display solutions. Several Japanese companies such as Nichia Corporation and Japan Display Inc.
North America captured the largest market share in 2018. Consumer electronics and automotive manufacturers in the U.S. are highly open to experiencing new technologies and are therefore early adopters for various innovative products.
Key Players
Innolux Corporation; Japan Display, Inc.; Everlight Electronics Co. Ltd.; EPISTAR Corporation; and AU Optronics Corp.
Market Segmentation
Table Of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Mini LED Market, By Application
7.1. Mini LED Market, by Application, 2021-2030
7.1.1. Consumer Electronics
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Automotive
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Mini LED Market, Regional Estimates and Trend Forecast
8.1. North America
8.1.1. Market Revenue and Forecast, by Application (2017-2030)
8.1.2. U.S.
8.1.3. Rest of North America
8.1.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.2. Europe
8.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.2.2. UK
8.2.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.2.3. France
8.2.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.2.4. Rest of Europe
8.2.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.3. APAC
8.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.2. India
8.3.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.3. China
8.3.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.4. Japan
8.3.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.5. Rest of APAC
8.3.5.1. Market Revenue and Forecast, by Application (2017-2030)
8.4. MEA
8.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.2. GCC
8.4.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.3. North Africa
8.4.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.4. South Africa
8.4.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.5. Rest of MEA
8.4.5.1. Market Revenue and Forecast, by Application (2017-2030)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Application (2017-2030)
8.5.2. Brazil
8.5.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.5.3. Rest of LATAM
8.5.3.1. Market Revenue and Forecast, by Application (2017-2030)
Chapter 9. Company Profiles
9.1. Innolux Corporation
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Japan Display
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. Everlight Electronics Co
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. EPISTAR Corporation
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. AU Optronics Corp
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
Chapter 10. Research Methodology
10.1. Primary Research
10.2. Secondary Research
10.3. Assumptions
Chapter 11. Appendix
11.1. About Us
11.2. Glossary of Terms
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