Global Mini-LED Display Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Mini-LED Display market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global mini-LED display market size was US$ 34.4 million in 2021. The global mini-LED display market is forecast to grow to US$ 3104.1 million by 2030 by growing at a compound annual growth rate (CAGR) of 88.1% during the forecast period from 2022 to 2030.
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Mini-LED is an advanced display technology that offers higher contrast ratios and deeper blacks than conventional OLED technology. Mini-LEDs are much smaller than ordinary LEDs, which are lesser than 0.2 mm in diameter.
COVID-19 Impact Analysis
The COVID-19 outbreak has affected manufacturing activities, which ultimately resulted in a market loss. However, governments of various countries have increased the healthcare expenditure as a result of the COVID-19 pandemic. Thus, it may benefit the global mini-LED display market in the coming years.
On the contrary, travel bans & facility closures slowed down the manufacturing activities in the electronics industry. China, which is considered to be the largest producer and exporter of automotive and electronics, was drastically affected by the COVID-19 pandemic. Thus, the COVID-19 pandemic negatively influenced the global mini-LED display market.
Factors Influencing the Market
Mini LED backlights are gaining significant traction in the electronics industry. Major electronics companies such as Samsung, AUO, LG, and others are working on devices that use micro-LED technology. For instance, AUO has unveiled a range of gaming devices featuring micro-LED backlight technology. Thus, it will contribute to the growth of the global mini-LED displays market.
The high cost of mini-LED displays may limit the growth of the overall market. On the contrary, strategies by industry players will drive the mini-LED display market forward. For instance, Lextar inked a pact with Xiaomi in 2020 with the aim to launch mini-LED products. According to the agreement, Xiaomi’s 82-inch 8K and 4K LCD TVs will be powered with Lextar’s mini-LED backlight units (BLU). Such strategies are likely to benefit the mini-LED display market.
Growing investment in mini-LED display technologies will escalate the market growth.
Regional Analysis
The global mini-LED display market is forecast to witness the highest growth in Europe due to the presence of early adoption of technology. Moreover, the growing penetration of smart technology for homes will drive the market forward. The mini-LED display market is expected to register substantial growth due to growing investment in the display industry. Further, rising number of initiatives aiming at infrastructural development in Asia-Pacific are expected to benefit the market. In addition to that, consumer electronics and automotive manufacturers in North America are looking for advanced technology to boost their sales. Thus, it will benefit the mini-LED display market.
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Competitors in the Market
- AU Optronics Corp
- Innolux Corporation
- Japan Display, Inc.
- Everlight Electronics Co. Ltd.
- EPISTAR BOE Technology Group Co
- Harvatek Corporation
- San’an Optoelectronics
- Lextar Electronics Corporation
- Harvatek Corporation
- VerLASE Technologies LLC
- Other Prominent Players
Market Segmentation
The global mini-LED display market segmentation focuses on Application, End-Use, and Region.
By Application Outlook
- Automotive Display
- Television
- Smartphones
- Notebook/Laptop
- Others
By End-Use Outlook
- Consumer Electronics
- Automotive
- Other
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By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
What is the goal of the report?
1.The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
2.During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
3.The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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