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Mini LED Display Market

Global Mini Led Display Market Analysis, Share, Forecast: By Technology: Mini Display, Mini Lighting; By LED Type: Standard, Low Current, Ultra-high Current; By Application: Automotive Display, Television, Smartphone, Notebook/Laptop, Others; By End-User; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Mini LED Display Market Outlook

The global mini LED display market size reached approximately USD 0.21 billion in 2023. The market is further projected to grow at a CAGR of 58.9% between 2024 and 2032, reaching a value of USD 17.50 billion by 2032.

 

Key Trends in the Market

Mini LED displays use smaller LED chips for producing the light emitted from the displays. The miniaturisation of the design aids in finer control of lighting levels, making them suitable for usage in both commercial and residential applications.

 

  • The rising requirement by the automotive sector owing to various technological advantages offered by the product including improved brightness, precise backlight control, and local dimming is aiding the mini LED display market growth. The mini LED displays are usually incorporated in heads-up displays, infotainment systems, and dashboards.
  • The expansion of the gaming industry owing to the increasing popularity of online streaming of games is providing lucrative growth opportunities to the market as mini-LED backlighting adds brightness and delivers more contrast. Due to the enhanced contrast, the display is able to accept a high dynamic range signal.
  • Increasing investments by the key players of the market towards customisation of mini LED displays for making them suitable for various applications by altering the dimensions and sizes of the displays is further supporting the market expansion.

 

Global Mini LED Display Market Analysis

On the basis of technology, the market is bifurcated into mini display and mini lighting. Based on LED type, the market is divided into standard, low current, and ultra-high current. On the basis of application, the market is classified into automotive display, television, smartphone, and notebook/ laptop, among others.

 

Based on end-user, the market is categorised into consumer electronics and automotive, among others, with consumer electronics sub-divided by type into mobile phones, laptops/ notebooks, tablets, and television, among others.

 

On the basis of region, the mini LED display market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Lextar Electronics Corporation
  • AUO Corporation
  • BOE Technology Group Co., Ltd. (BOE)
  • Innolux Corporation
  • Harvatek Corporation
  • Everlight Electronics Co., Ltd.
  • Tianma Microelectronics Co., Ltd.
  • Epistar Corporation
  • Others

 

Market Share by End-User

Consumer electronics are expected to account for significant mini LED display market share over the forecast period owing to the rising demand for consumer electronics because of competitive pricing, convenience offered by the products, and wide product selection provided by manufacturers. Facilitation of mini LED displays in laptops, mobiles, and tablets provides enhanced contrast and brightness, improving the visual experience of the users. The increasing popularity of gaming and video streaming is further bolstering the demand for mini LED displays in the production of consumer electronics.

 

Market Share by Region

North America is anticipated to account for a significant share of the market in the coming years. This growth can be attributed to the rapid expansion of the automotive sector, increased demand for electronic products, and high investments towards the advancement of LED technology. The growing popularity of video games in North America is bolstering the mini LED display market demand. The finer control of lighting levels provided by mini LED displays coupled with lower manufacturing costs are further supporting the market expansion.

 

Competitive Landscape

Lextar Electronics Corporation, headquartered in Hsinchu City, Taiwan, specialises in the production of smart lighting control systems, LED for backlighting, and LED for lighting applications. The leading opto-semiconductor maker integrates downstream packages, upper stream epitaxial, and SMT.

 

AUO Corporation, headquartered in Hsinchu City, Taiwan, is an electrical, electronics, and appliance manufacturing company that is one of the leading providers of optoelectronic solutions. The company is also involved in the design and development of mini LED displays.

 

BOE Technology Group Co., Ltd. (BOE), headquartered in Beijing, China, is one of the leading IoT companies that provide professional services and intelligent interface products for human health and information interaction.

 

Other mini LED display market players include Innolux Corporation, Harvatek Corporation, Everlight Electronics Co., Ltd., Tianma Microelectronics Co., Ltd., and Epistar Corporation, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • LED Type
  • Application
  • End-User
  • Region
Breakup by Technology
  • Mini Display
  • Mini Lighting
Breakup by LED Type
  • Standard
  • Low Current
  • Ultra-high Current
Breakup by Application
  • Automotive Display
  • Television
  • Smartphone
  • Notebook/Laptop
  • Others
Breakup by End-User
  • Consumer Electronics
  • Automotive
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Lextar Electronics Corporation
  • AUO Corporation
  • BOE Technology Group Co., Ltd. (BOE)
  • Innolux Corporation
  • Harvatek Corporation
  • Everlight Electronics Co., Ltd.
  • Tianma Microelectronics Co., Ltd.
  • Epistar Corporation
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
  
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Mini LED Display Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Mini LED Display Historical Market (2018-2023) 
    8.3    Global Mini LED Display Market Forecast (2024-2032)
    8.4    Global Mini LED Display Market by Technology
        8.4.1    Mini Display
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Mini Lighting
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Mini LED Display Market by LED Type
        8.5.1    Standard
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Low Current
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Ultra-high Current
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Mini LED Display Market by Application
        8.6.1    Automotive Display
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Television
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Smartphone
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Notebook/Laptop
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Mini LED Display Market by End-User
        8.7.1    Consumer Electronics
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
            8.7.1.3    Breakup by Type
                8.7.1.3.1    Mobile Phones
                8.7.1.3.2    Laptops/Notebooks
                8.7.1.3.3    Tablets
                8.7.1.3.4    Television
                8.7.1.3.5    Others
        8.7.2    Automotive
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Others
    8.8    Global Mini LED Display Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Mini LED Display Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Mini LED Display Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Mini LED Display Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Mini LED Display Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Mini LED Display Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Lextar Electronics Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    AUO Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    BOE Technology Group Co., Ltd. (BOE)
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Innolux Corporation
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Harvatek Corporation
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Everlight Electronics Co., Ltd.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Tianma Microelectronics Co., Ltd.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Epistar Corporation
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Mini LED Display Market: Key Industry Highlights, 2018 and 2032
2.    Global Mini LED Display Historical Market: Breakup by Application (USD Billion), 2018-2023
3.    Global Mini LED Display Market Forecast: Breakup by Application (USD Billion), 2024-2032
4.    Global Mini LED Display Historical Market: Breakup by End-User (USD Billion), 2018-2023
5.    Global Mini LED Display Market Forecast: Breakup by End-User (USD Billion), 2024-2032
6.    Global Mini LED Display Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Mini LED Display Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    Global Mini LED Display Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Mini LED Display Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Mini LED Display Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Mini LED Display Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Mini LED Display Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Mini LED Display Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Mini LED Display Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Mini LED Display Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Mini LED Display Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Mini LED Display Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Mini LED Display Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Mini LED Display Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Mini LED Display Market Structure

Key Questions Answered in the Report

The market reached a value of approximately USD 0.21 billion in 2023.

The market is projected to grow at a CAGR of 58.9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 17.50 billion by 2032.

The major market drivers include rising requirement by the automotive sector and availability of a wider product range by manufacturers.

The key trends fuelling the growth of the market include increased investments on customisation of mini LED displays and expansion of the gaming industry.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The applications of mini LED displays include automotive display, television, smartphone, and notebook/ laptop, among others.

The key players in the market are Lextar Electronics Corporation, AUO Corporation, BOE Technology Group Co., Ltd. (BOE), Innolux Corporation, Harvatek Corporation, Everlight Electronics Co., Ltd., Tianma Microelectronics Co., Ltd., and Epistar Corporation, among others.

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