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At a CAGR of 55.3% between 2023 and 2030, the global micro LED market is projected to expand from a 2023 valuation of USD 714.29 mln.
Mini LED is a new technology that improves upon LCD screens in terms of contrast ratio and black level. Mini and tiny LEDs are seeing increasing adoption in the display and lighting industries thanks to their favorable characteristics (such as high brightness, long operating life, and contrast).
There have been many developments in next-generation Light Emitting Diode (LED) technology that have led to widespread usage of LEDs in recent years. There has been a rise in interest in small LEDs to bridge the technical and application gap between micro LEDs and conventional LEDs as micro LEDs and Organic Light Emitting Diodes (OLEDs) have advanced. Because of the rapid progress in micro LED technology, manufacturers of display panels are increasingly adopting this technology for use in a wide variety of home and car products. Mini LEDs are becoming increasingly popular because of their small size, which allows for local dimming and allows for high-density backlight schemes to be implemented. The mini LED is a potential next-generation technology because to its ultra-compact and thin construction and notable improvements in image quality.
LEDs have recently replaced traditional incandescent and fluorescent lights due to their great efficiency across a variety of applications. Because of this, lighting systems now consume less energy and last far longer than they used to. Furthermore, LED lighting technology has continued to progress, especially in general lighting applications, making LED bulbs the favored option for both homes and businesses due to its low cost and widespread availability. Organic light-emitting diode (OLED) and micro-LED displays are two further examples of cutting-edge technology that use self-illuminating pixels to improve contrast and color performance over traditional LED-backlit LCDs. LEDs' expanding popularity can be attributed to their constant refinement in efficiency, brightness, and color management as well as their continual downsizing.
Miniature LEDs, or mini LEDs, would be used to illuminate the screen from behind. Mini LED displays are more efficient than regular LCDs in terms of power consumption. Miniature LED displays are benefiting from material advancements in energy efficiency and visual quality, such as the incorporation of quantum dots. A wider color gamut and more accurate color representation are the results of quantum dots' ability to convert blue light from an LED backlight into narrower-bandwidth fundamental colors. For instance, in January 2023, SAMSUNG introduced the Micro LED, Neo QLED, and OLED series, each of which aimed to improve upon previous generations by enhancing the user's access to encrypted networks, high-powered functionality, and individualized content.
The tiny light-emitting diode (LED) industry benefited from the COVID-19 pandemic. This correlates with the rising popularity of high-end consumer electronic devices, as more and more businesses throughout the world adopt remote work policies. A further possibility for tiny LEDs to gain traction is the rising trend of online education, which is expected to increase demand for tablets and laptops. However, disruptions in the supply chain due to limits on the freight passage of non-essential food commodities are predicted to slow market expansion. As one of the largest producers and distributors of micro LEDs and related components, China is poised to have a major impact on the market over the next several years.
Both qualitative and quantitative data are included in the study to provide a comprehensive analysis of the market. The report summarizes the global micro LED market and projects its future growth based on the industry's major subsegments. North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America are the five primary regions covered, each of which has its own market size and forecast estimations from 2020 to 2028. Each regional micro LED market is further broken down by individual countries and product types. Current trend and prospects prevalent in the region are discussed, as well as the analysis and projection of 18 countries worldwide.
Report Coverage
Global Mini LED research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Mini LED report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Mini LED competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Mini LED market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Mini LED market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Mini LED market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cree LED (U.S.), NICHIA CORPORATION (Japan), OSRAM GmbH (Germany), Samsung (South Korea), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), Lumileds Holding B.V. (Netherlands), EPISTAR Corporation (Taiwan), LG Innotek (South Korea), Broadcom (U.S.), MLS (China), Seoul Semiconductor Co., Ltd. (South Korea), Luckylight Electronics Co., Ltd (China), Plessey (UK), Betlux Electronics Co., Ltd. (China), Effilux (France), LITE-ON Technology Corporation (Taiwan), Vollong Electronics Co.,Limited (China), and STANLEY ELECTRIC CO., LTD. (Switzerland)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Mini LED market based on the below-mentioned segments:
Global Mini LED Market, By Type
Standard Mini LED
Low-current Mini LED
Ultra-high Output Mini LED
Global Mini LED market, By Application
Consumer Electronics
Automotive
Others
Global Mini LED Market, By Technology
Mini Display
Mini Lighting
Global Mini LED market, Regional Analysis
Mini LED is a new technology that improves upon LCD screens in terms of contrast ratio and black level. Mini and tiny LEDs are seeing increasing adoption in the display and lighting industries thanks to their favorable characteristics (such as high brightness, long operating life, and contrast).
There have been many developments in next-generation Light Emitting Diode (LED) technology that have led to widespread usage of LEDs in recent years. There has been a rise in interest in small LEDs to bridge the technical and application gap between micro LEDs and conventional LEDs as micro LEDs and Organic Light Emitting Diodes (OLEDs) have advanced. Because of the rapid progress in micro LED technology, manufacturers of display panels are increasingly adopting this technology for use in a wide variety of home and car products. Mini LEDs are becoming increasingly popular because of their small size, which allows for local dimming and allows for high-density backlight schemes to be implemented. The mini LED is a potential next-generation technology because to its ultra-compact and thin construction and notable improvements in image quality.
LEDs have recently replaced traditional incandescent and fluorescent lights due to their great efficiency across a variety of applications. Because of this, lighting systems now consume less energy and last far longer than they used to. Furthermore, LED lighting technology has continued to progress, especially in general lighting applications, making LED bulbs the favored option for both homes and businesses due to its low cost and widespread availability. Organic light-emitting diode (OLED) and micro-LED displays are two further examples of cutting-edge technology that use self-illuminating pixels to improve contrast and color performance over traditional LED-backlit LCDs. LEDs' expanding popularity can be attributed to their constant refinement in efficiency, brightness, and color management as well as their continual downsizing.
Miniature LEDs, or mini LEDs, would be used to illuminate the screen from behind. Mini LED displays are more efficient than regular LCDs in terms of power consumption. Miniature LED displays are benefiting from material advancements in energy efficiency and visual quality, such as the incorporation of quantum dots. A wider color gamut and more accurate color representation are the results of quantum dots' ability to convert blue light from an LED backlight into narrower-bandwidth fundamental colors. For instance, in January 2023, SAMSUNG introduced the Micro LED, Neo QLED, and OLED series, each of which aimed to improve upon previous generations by enhancing the user's access to encrypted networks, high-powered functionality, and individualized content.
The tiny light-emitting diode (LED) industry benefited from the COVID-19 pandemic. This correlates with the rising popularity of high-end consumer electronic devices, as more and more businesses throughout the world adopt remote work policies. A further possibility for tiny LEDs to gain traction is the rising trend of online education, which is expected to increase demand for tablets and laptops. However, disruptions in the supply chain due to limits on the freight passage of non-essential food commodities are predicted to slow market expansion. As one of the largest producers and distributors of micro LEDs and related components, China is poised to have a major impact on the market over the next several years.
Both qualitative and quantitative data are included in the study to provide a comprehensive analysis of the market. The report summarizes the global micro LED market and projects its future growth based on the industry's major subsegments. North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America are the five primary regions covered, each of which has its own market size and forecast estimations from 2020 to 2028. Each regional micro LED market is further broken down by individual countries and product types. Current trend and prospects prevalent in the region are discussed, as well as the analysis and projection of 18 countries worldwide.
Report Coverage
Global Mini LED research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Mini LED report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Mini LED competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Mini LED market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cree LED (U.S.), NICHIA CORPORATION (Japan), OSRAM GmbH (Germany), Samsung (South Korea), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), Lumileds Holding B.V. (Netherlands), EPISTAR Corporation (Taiwan), LG Innotek (South Korea), Broadcom (U.S.), MLS (China), Seoul Semiconductor Co., Ltd. (South Korea), Luckylight Electronics Co., Ltd (China), Plessey (UK), Betlux Electronics Co., Ltd. (China), Effilux (France), LITE-ON Technology Corporation (Taiwan), Vollong Electronics Co.,Limited (China), and STANLEY ELECTRIC CO., LTD. (Switzerland) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Mini LED Market from 2021 to 2030.
- Market Forecast for Mini LED Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Mini LED competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Mini LED
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Mini LED market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Mini LED market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cree LED (U.S.), NICHIA CORPORATION (Japan), OSRAM GmbH (Germany), Samsung (South Korea), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), Lumileds Holding B.V. (Netherlands), EPISTAR Corporation (Taiwan), LG Innotek (South Korea), Broadcom (U.S.), MLS (China), Seoul Semiconductor Co., Ltd. (South Korea), Luckylight Electronics Co., Ltd (China), Plessey (UK), Betlux Electronics Co., Ltd. (China), Effilux (France), LITE-ON Technology Corporation (Taiwan), Vollong Electronics Co.,Limited (China), and STANLEY ELECTRIC CO., LTD. (Switzerland)
Primary Target Market
- Market Players of Mini LED
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Mini LED market based on the below-mentioned segments:
Global Mini LED Market, By Type
Standard Mini LED
Low-current Mini LED
Ultra-high Output Mini LED
Global Mini LED market, By Application
Consumer Electronics
Automotive
Others
Global Mini LED Market, By Technology
Mini Display
Mini Lighting
Global Mini LED market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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