Mini LED Display market is projected to grow at a CAGR of 78.3% during the forecast period 2021-2027 | Taiwan News | 2021-12-20 17:59:14

2021-12-24 03:08:48 By : Mr. Jack zeng

The global mini LED display market held a market value of USD 174.5 million in 2020 and is estimated to reach USD 9,343 million by the year 2027. The market is anticipated to register a CAGR of 78.3% during the forecast period.

Get Free Sample Pages @ The tremendous growth in the consumer electronics industry all across the world is driving the growth of the mini LED display market. This demand has led to heavy commercialization of mini LED technology, along with additional dynamic characteristics. The high availability of smartphones and gaming stations with mini LED technology positively impacts the mini LED display ecosystem. Moreover, international alliances support the market growth significantly. For instance, in 2019, Unity Opto Group Co received long-term orders from US-based LED lamp vendors who are changing suppliers to prevent a hike in US customs duty rate on imports from China. Thus, such steps aid the mini LED market growth. The high cost of the equipment, coupled with the high number of ICs required to function can hinder the market growth. Although there is a large amount of research in this field, many manufacturers might face a setback to adopt to different manufacturing process to mass produce mini LEDs. Thus, such a factor might hamper the market growth to a certain extent. Growth Influencers: Rising demand for miniaturized display in consumer electronics devices The rise in demand for better display solutions by end users drive the growth of this market. The ever-changing preferences of consumers in electronics area is increasing the growth rate. The prominent players in the market are focused on launching innovative products keeping in mind the needs of the end users. For instance, in October 2021, Apple announced its plans to introduce a 27-inch iMac with mini-LED and ProMotion technology in the first quarter of 2022. The 27-inch display for the iMac will showcase mini-LED backlighting, and many other features. Thus, the increasing demand for such displays drives the growth of the segment. High dynamic range, power-saving capability & the lower failure rate compared to traditional LEDs The mini LED industry is witnessing a wide array of advancements, such as display sizes, picture quality, and power consumption characteristics. The launch of such alluring and low-power-consuming products with a high success rates push the demand for these products and increase the preference rate over the conventional LEDs. The rising research and development activities to develop mini LEDs with cutting-edge features bolster the market growth. Segments Overview: The global mini LED display market is segmented into form, application, and panel size. By Form • Backlight Source (for LCDs) • Self-emissive Pixel Emitters The backlight source segment is anticipated to hold the largest market share owing to the increasing use of these in liquid crystal displays. The rise in consumer electronics drive the demand for backlight sources for LCDs. By Application • Automotive Display • Consumer Electronics o Television o Smartphones o Gaming Displays o Notebook/Laptop o Home Theatre Systems o Wearable Devices o Others • Commercial o Indoor/Outdoor Signages o Cinema Displays • Industrial Devices • Others The consumer electronics segment held the largest share of nearly 70% owing to the rising usage of smartphones and laptops, especially among the millennial population. On the basis of consumer electronics, the notebook and laptop segment is expect to grow tremendously at a rate more than 83%. On the basis of commercial segment, the indoor and outdoor signages sub-segment market value is estimated to cross USD 600 million by 2027. By Panel Size • <12″ • 12″ – 32″ • 32″ – 100″ • >100″ The 12 inch to 32 inch segment held the largest share in 2020 owing to the high preference rate of this dimension in home settings, as well as in automobiles. The panel size segment of more than 100 inch is estimated to grow at a rate of 73.2% due to the increasing use of these panel size in commercial settings, such as cinema displays. Regional Overview

By region, the global mini LED display market is divided into Europe, North America, Asia Pacific, Middle East & Africa, and South America.

The Asia Pacific region is expected to hold the largest market share of more than 58% owing to the increasing number of automobile industry. Moreover, the high population in countries such as India and China, demand a high in the smartphone and other display usage, which increases the growth of the mini LED display market during the forecast period. The European region is anticipated to grow at a steady rate owing to the rising product launches by electronics companies in the region. Furthermore, increasing demand for consumer electronics in other regions is driving the growth of the mini LED display market in the North American region. Moreover, the market in the Middle East and Africa is projected to grow at a steady rate.

The prominent players operating in the global mini LED display market include Apple Inc, BOE Technology Group Co, Japan Display Inc., San’an Optoelectronics, SONY INDIA, Tianma Microelectronics Co., Ltd., Unity Opto, VerLASE Technologies LLC, X-CELEPRINT, among others. In addition to these players, a few major players from China and Taiwan include AOC, Advanced Optoelectronic Technology Inc (AOT), AU Optronics Corp, EPI LEDS Co., Ltd., EPISTAR Corporation, EVERLIGHT Electronics Co., Ltd., Harvatek Corporation, Hongli Zhihui Group Co, HC Semitek Corporation, HGC Technology Co., Ltd, Innolux Corporation, Lextar Electronics Corporation, Nationstar LED display screen co. LTD. (Foshan NationStar Optoelectronics Co. Ltd), Shenzhen MTC Co., and Xiamen Changelight Co., Ltd.

The key ten players in the market hold approximately 43% of the market share. These market players are involved in product launches, agreements, mergers, acquisitions, joint ventures. For instance, in September 2021, AUO launched AmLED (Adaptive mini LED) display technology for MSI Creator Z16 Hiroshi Fujiwara Limited Edition, a collaboration between MSI and Hiroshi Fujiwara.

Request Full Report@

Chapter 1. Research Framework 1.1 Research Objective 1.2 Product Overview 1.3 Market Segmentation Chapter 2. Research Methodology 2.1 Qualitative Research 2.1.1 Primary & Secondary Sources 2.2 Quantitative Research 2.2.1 Primary & Secondary Sources 2.3 Breakdown of Primary Research Respondents, By Region 2.4 Assumption for the Study 2.5 Market Size Estimation 2.6. Data Triangulation Chapter 3. Executive Summary: Global Mini LED Display Market Chapter 4. Global Mini LED Display Market Overview 4.1. Industry Value Chain Analysis 4.1.1. Material Provider 4.1.2. Design and Development 4.1.3. Distributors 4.1.4. End Users 4.2. Industry Outlook 4.2.1. Price estimation of Mini LED Display 4.2.2. Cost Competitiveness of Mini LED Backlight Display 4.2.3. Comparison between mini-LED and OLED 4.2.4. Overview of Display Market, By Type of Display – By Application (US$ Mn), 2017 – 2027 LED & LCD– Type of Display OLED – Type of Display Mini LED – Type of Display Micro LED – Type of Display Automotive– Application Consumer Electronics – Application Commercial – Application Industrial – Application 4.3. PESTLE Analysis 4.4. Porter’s Five Forces Analysis 4.4.1. Bargaining Power of Suppliers 4.4.2. Bargaining Power of Buyers 4.4.3. Threat of Substitutes 4.4.4. Threat of New Entrants 4.4.5. Degree of Competition 4.5. Market Dynamics and Trends 4.5.1. Growth Drivers 4.5.2. Restraints 4.5.3. Challenges 4.5.4. Key Trends 4.6. Covid-19 Impact Assessment on Market Growth Trend 4.7. Market Growth and Outlook 4.7.1. Market Revenue Estimates and Forecast (US$ Mn), 2017 – 2027 4.7.2. Pricing Analysis 4.8. Competition Dashboard 4.8.1. Market Concentration Rate 4.8.2. Company Market Share Analysis (Value %), 2020 4.8.3. Competitor Mapping Chapter 5. Mini LED Display Market, By Form 5.1. Key Insights 5.2. Market Size and Forecast, 2017 – 2027 (US$ Mn) 5.2.1. Backlight source (for LCDs) 5.2.2. Self-emissive Pixel Emitters Chapter 6. Mini LED Display Market, By Application 6.1. Key Insights 6.2. Market Size and Forecast, 2017 – 2027 (US$ Mn) 6.2.1. Automotive Display 6.2.2. Consumer Electronics Television Smartphones Gaming Displays Notebook/Laptop Home Theatre Systems Wearable Devices Others 6.2.3. Commercial Indoor/Outdoor Signages Cinema Displays 6.2.4. Industrial Devices 6.2.5. Others Chapter 7. Mini LED Display Market, By Panel Size 7.1. Key Insights 7.2. Market Size and Forecast, 2017 – 2027 (US$ Mn) 7.2.1. <12″ 7.2.2. 12″ – 32″ 7.2.3. 32″ – 100″ 7.2.4. >100″ Chapter 8. Mini LED Display Market, By Region/ Country 8.1. Key Insights 8.2. Market Size and Forecast, 2017 – 2027 (US$ Mn) 8.2.1. North America The U.S. Canada Mexico 8.2.2. Europe The UK Germany France Italy Spain Poland Russia Rest of Europe 8.2.3. Asia Pacific China India Japan Australia & New Zealand Taiwan South Korea ASEAN Rest of Asia Pacific 8.2.4. Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA 8.2.5. South America Brazil Argentina Rest of South America Chapter 9. North America Mini LED Display Market Analysis 9.1. Key Insights 9.2. Market Size and Forecast, 2017 – 2027 (US$ Mn) 9.2.1. By Form 9.2.2. By Application 9.2.3. By Panel Size 9.2.4. By Country Chapter 10. Europe Mini LED Display Market Analysis 10.1. Key Insights 10.2. Market Size and Forecast, 2017 – 2027 (US$ Mn) 10.2.1. By Form 10.2.2. By Application 10.2.3. By Panel Size 10.2.4. By Country Chapter 11. Asia Pacific Mini LED Display Market Analysis 11.1. Key Insights 11.2. Market Size and Forecast, 2017 – 2027 (US$ Mn) 11.2.1. By Form 11.2.2. By Application 11.2.3. By Panel Size 11.2.4. By Country Chapter 12. Middle East & Africa Mini LED Display Market Analysis 12.1. Key Insights 12.2. Market Size and Forecast, 2017 – 2027 (US$ Mn) 12.2.1. By Form 12.2.2. By Application 12.2.3. By Panel Size 12.2.4. By Country Chapter 13. South America Mini LED Display Market Analysis 13.1. Key Insights 13.2. Market Size and Forecast, 2017 – 2027 (US$ Mn) 13.2.1. By Form 13.2.2. By Application 13.2.3. By Panel Size 13.2.4. By Country Chapter 14. Company Profile (Company Overview, Financial Matrix, Sales Composition Ration, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook ) 14.1. Apple Inc 14.2. BOE Technology Group Co 14.3. Japan Display Inc. 14.4. San’an Optoelectronics 14.5. SONY INDIA. 14.6. Tianma Microelectronics Co., Ltd. 14.7. Unity Opto 14.8. VerLASE Technologies LLC 14.9. X-CELEPRINT 14.10. China & Taiwan Players 14.10.1. AOC 14.10.2. Advanced Optoelectronic Technology Inc (AOT) 14.10.3. AU Optronics Corp 14.10.4. EPI LEDS Co., Ltd. 14.10.5. EPISTAR Corporation 14.10.6. EVERLIGHT Electronics Co., Ltd. 14.10.7. Harvatek Corporation 14.10.8. Hongli Zhihui Group Co 14.10.9. HC Semitek Corporation 14.10.10. HGC Technology Co., Ltd 14.10.11. Innolux Corporation 14.10.12. Lextar Electronics Corporation 14.10.13. Nationstar LED display screen co. LTD. (Foshan NationStar Optoelectronics Co. Ltd) 14.10.14. Shenzhen MTC Co. 14.10.15. Xiamen Changelight Co., Ltd.

Place a Purchase Order For Market Study at:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.

Get in Touch with Us:

Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES


Taiwan News © 2019 All Rights Reserved.