Global Mini LED Market Size is estimated to expand rapidly in coming years, at a CAGR of 18.6 % from 2018 to 2027. In 2017, the global market valuation was USD 0.65 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. The next-generation display technology that allows high contrast, increased brightness, broader color spectrum, low energy consumption and rapid response time is called miniature light-emitting diodes. Because they are stronger than organic light emitting diodes (OLEDs), they are expected to slowly erode their market share in the next few years.
In addition, only the driver ICs need to be upgraded by the manufacturers and investment in the production equipment in the current conventional manufacturing setup to ensure hassle-free production. Mini LED technology thus provides a chance to update the product specifications and compete with existing OLED technology for these conventional LCD manufacturers.
A key reason for this market's expected growth is the fact that micro-light diode emitting technology-another exciting display technology of the next generation-currently face several technological barriers, including the need to boost wavelength and thickness uniformity, the need for atomic layer deposition (ALD) processes during chip development and the need for adequate adhesive technology. Such hurdles have hindered Micro LEDs from being sold because the desired developments to overcome them have not yet been achieved.
In the start, it is intended to cater to high-end consumer electronics uses, including gaming notebooks and surveillance, and niche products such as high-end, saturated, high-contrast televisions. The main focus of these goods is on technical requirements instead of competitive prices. Virtual reality (VR) is another field of application where participants in the industry take advantage of the benefits of mini-LEDs that include high brightness and contrast. Both strengths contribute to their wider implementation.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global mini LED market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global mini LED market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Application Insights: On the basis of application, global mini LED market has been segmented into consumer electronics, automotive and others. Among which consumer electronics segment has accounted for largest share in the global market of mini LED market. The consumer electronics segment is further segmented into mobile phones, laptop/notebooks, and television. Mini light-emitting diodes can be used for backlighting or digital displays. Findings can also be used effectively as backlight in notebooks, laptops, and televisions; because the costs of using these chips for auto emitting displays are quite high. Many future mainstream implementations should include smart-watch and head-mounted displays.
The mini LED market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
Taiwan's panel manufacturers have a difficult task in terms of the production capacity of the OLED panel from a supply chain perspective and therefore focus on developing small LED screen solutions. However, Japanese companies including Nichia Corporation and Japan Display Inc. are developing this technology and related products. Therefore, the other Asia Pacific region is projected to be one of the influential markets in the forecast period as developments in Taiwan, Japan and China take place.
Global Mini LED Market Size, Share Analysis by Region 2018
The biggest market share for 2018 was gained in North America. Consumer electronics and automakers in the U.S. are very open to new technology experience and are therefore early adopters of different innovative products. In addition, over the forecast period, strong regional demand is expected to fuel market growth for country-specific high end game monitors and laptops.
Global Mini LED Market Study Objective
To forecast the market size of mini LED market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
Market analysis and forecast of mini LED market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
To analyze and elaborate significant factors that will have a major impact on the growth of mini LED market, such as drivers, restraints, challenges, and opportunities.
The regional analysis of mini LED market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
To provide detailed analysis of competitive and strategic developments in the mini LED market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Innolux Corporation, Japan Display, Inc., Everlight Electronics Co. Ltd., EPISTAR Corporation, and AU Optronics Corp. (AUO) are some of the key players in the market of mini LED. The companies are keen to increase their investment in the production of mini- and micro-light diodes, as the market has a strong potential in a variety of vertical applications.
Global Mini LED Market Study Report Offer You!
The global mini LED market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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