Mini LED Display Market: Introduction
- Mini LED is essentially a very small LED (size less than about 0.2mm) that, collectively, create the backlight on LCD display panels
- A mini LED display uses several tiny LED backlights to provide vastly superior dimming, instead of using single large and multiple smaller dimmed backlight display.
- The ease of manufacture of mini LED panels (compared to OLED or Micro LED panels) means that they can also be used to build small displays such as those witnessed on tablets, notebooks, and even on smartphones
- The ability of providing higher brightness, higher contrast ratio, improved power efficiency, and reduced to burn-in is offer considerably opportunities for manufacturers of mini LED displays
- The adoption of mini LED display technology is expected to increase, as several brands are launching LCD TVs with mini LED backlight technology
- Mini LED displays are utilized in numerous applications such as automotive display, television, wearable, smartphones, laptop/notebook, hand-dryers, gaming keyboards, etc.
Rising Demand for Mini LED Display in Consumer Electronics Industries
- Based on end-use industry, the market can be segmented into consumer electronics, consumer electronics, automotive, healthcare, retail, industrial, entertainment, advertising, transportations and others
- The consumer electronics segment of the global mini LED display market is estimated to expand at a rapid pace during the forecast period due to an increase in use of mini LED display in television, wearable, smartphones, laptop/notebook, hand-dryers, gaming keyboards, etc.
- Mini LED displays also offer numerous benefits for devices such as improved contrast ratio, deeper and brighter panels.
- Rising demand for miniaturized display in consumer electronics devices is a vital factor driving the market. Moreover, high dynamic range, display sizes, picture quality, power-saving capability, and the lower failure rate as compared to traditional LEDs are major factors driving the mini LED display market.
- Expansion of the segment is also driven primarily by trends in the consumer electronics industry, as demand for LED-based TVs, laptops, and smartphones increases due to lower failure rates as compared to traditional LEDs
- Penetration of several features of LED displays into daily life is likely to provide considerable opportunity for the mini LED display manufacturers to thrive in the consumer electronics industry, which in turn is also propelling the market
Asia Pacific to Lead Global Mini LED Display Market
- In terms of region, the global mini LED display market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- Increase in young population, number of industries, institutions, and organizations is driving the sale of consumer electronics products, such as smartphones, laptops, wearables, etc. Innovation in technologies are expected to increase the demand for mini LED displays.
- The mini LED display market in Asia Pacific is estimated to expand at a high growth rate due to the presence of major players and increased competition among them. The market in North America is likely to expand at a steady pace during the forecast period owing to reduced competition in the market in the region.
Key Players Operating in Global Mini LED Display Market
Major players operating in global mini LED display market are focusing on technological advancements and expansions to meet the rising demand for mini LED display market. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative and advanced technologies.
Key players operating in the global Mini LED Display market include:
- BOE Technology Group Co., Ltd.
- Harvatek Corporation
- Lextar Electronics Corp.
- San’an Optoelectronics
- VerLASE Technologies LLC
- Japan Display Inc.
- Everlight Electronics Co., Ltd.
- Epistar Corporation
- AU Optronics Corp
- Innolux Corporation
Global Mini LED Display Market: Research Scope
Global Mini LED Display Market, by Application
- Automotive Display
- Television
- Wearable
- Smartphones
- Laptop/Notebook
- Others (hand-dryers, gaming keyboards etc.)
Global Mini LED Display Market, by End-use Industry
- Consumer Electronics
- Automotive
- Healthcare
- Retail
- Industrial
- Entertainment
- Others (Advertising, transportations etc.)
Global Mini LED Display Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
