Mini LED Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Mini LED Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : January, 2023 | Semiconductor & Electronics

Report Digest

Global Mini LED Market: Overview

Mini-LED is not a novel concept, but, undoubtedly it is an evolutionary one. In the glut of display technologies, it has secured a position well in between the two end of the spectrum—micro LED and standard LED. A vast assortment of display technologies being used in TVs, PC monitors, and smart displays has combined LEDs to expand the color gamut. The aim for device makers is always to make display as real-life and engaging. Incorporation of mini LEDs in the display technologies for devices has given a tough competition to OLEDs.

The drive for the mini-LED market has been so vast that speculations are rife that prominent technology company Apple is likely to bypass OLEDs and use mini LEDs for high-end iPad and MacBook models by 2021. The key propositions for the relatively new technology among early adopters are wide color options, high contrast and high dynamic range, and local dimming and dimming zones features. Most importantly, a good trade-off between price and performance that is possible with mini LED has imparted a solid impetus to the evolution of the mini LED market.

Global Mini LED Market: Growth Dynamics

Mini LEDs over the past few years have come to occupy a vast potential for smart display for TVs, LCDs, and smartphone. This is a key trend imparting a steady momentum to the market. Numerous device makers are combining mini LEDs with OLEDs for two reasons: cost competitiveness and to reduce reliance on OLED providers. Typically, display based on OLEDs and micro-LEDs have led to products falling at the higher end of the price spectrum, making their commercialization difficult.

On the other hand, mini LEDs haven’t see many varied applications, with a major part of the technology seemingly in conceptualization stage. Despite this hindrance, mini LED backlight are seeing substantial demands in automotive displays and selected TV panels. Panel manufactures are placing their bet on dimming zone features to give the mini LED technology its importance. These trends are reinforcing the potential of the mini LED market.

All said and done, going forward, players will put stakes on price reduction to gain a foothold in the mini LED market. Advances in chip production might show them the way. Furthermore, they are adopting novel chip fabrication technologies to reduce the cost of semiconductor panel. Another area where the mini LED is seeing a promising potential is its demand in smartphone display.

Global Mini LED Market: Notable Developments

LED makers and producers in Taiwan contend that mini LEDs may breathe new life into the global LED industry. They are putting large bets on the growing penetration of the mini LED market. Chip makers in the region have augmented their shipments to meet the rising demand. Taiwanese pioneer in LED, Epistar Corp, has already started shipment of mini LED last year. Another Taiwanese company Lextar, eyeing an incredible potential in mini LEDs, aims to meet the demand for mini LED technology for gaming products, VR panels, and automotive displays. Several players are also entering into strategic deals with LED providers to tap into the potential of the market.

Some of the key players in the mini LED market are:

  • LG
  • Sony
  • Samsung
  • Apple
  • Innolux
  • Lextar Electronics Corporation
  • Epistar

Global Mini LED Market: Regional Assessment

Regionally, one of the regions that have shown immense potential in the mini LED market is North America. The vast appetite of the region for novel display technology has fueled its growth. Burgeoning demand for high-end display technologies for consumer devices and automotive will help the regional market cement its potential in the coming years. On the other hand, LED producers Asia Pacific is making sizable investments to meet the surge in demands.

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

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Regional Assessment

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Industrial Analogy

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COVID-19 Impact

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The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?