Mini LED Market to Touch Valuation of US$ 8.9 Bn by 2030


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

  • Application
    • Consumer Electronics
      • Mobile Phones
      • Laptop/Notebooks
      • Television
    • Automotive
    • Others
  • Regional
    • North America
      • The U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • MEA

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The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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