Mini Led Market

Mini Led Market

Mini LED Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

  • XPLREP5729

  • July, 2020

  • 170 Pages

  • ICT

Convenience in Production to drive the mini LED Market

As per a report available on XploreMR, the global mini LED market is expected to go steady from 2020 to 2030.

Miniature light-emitting diodes, better known as “mini LEDs”, are looked upon as the next-gen display technology that give broader colour gamut, improved brightness, high contrast ratio, quick response time, and low consumption of energy. The brightness and contrast offered by mini LED override the OLEDs (organic light-emitting diodes). As such, the mini LEDs are expected to be the most sought-after sources of light in the upcoming period.

Moreover, the manufacturers are at a twin advantage over here, such that the only thing they need to do is redesigning driver ICs and investing in existing conventional set-up of LCD, thereby causing 0% hassle during production. Secondly, mini LED technology makes way for upgradation in product specifications for competing with OLED technology.

These factors are likely to drive the mini LED market from 2020 to 2030.

Delving Deeper into the mini LED Market

As of now, the manufacturers are full-on with commercialization of mini LEDs sized between 100 and 200 micrometres. Also, production of 50-micrometer mini LEDs is on the way. The end-users include smartphones, automotive displays, and televisions. CES (Consumer Electronics Show) 2019 did witness Sanan Optoelectronics Co., Ltd. showcasing advanced micro-LED and mini LED chips. The other players exhibiting their prowess herein include NationStar, AU Optronics Corp., Harvick Corporation, and EPISTAR Corporation.

The technology, initially, was meant for catering to high-end applications like gaming monitors and notebooks, and then advancing towards high-end TVs having high resolution, high contrast, and the saturation. These products hold the distinction of focusing on the advanced specifications. Competitive pricing is a lop-sided priority here.

The other application area wherein mini LEDs could be used to the fullest is “VR (Virtual Reality)”. This is evident from the fact that Japan-based manufacturers are emphasizing on developing LED VR products to grace Tokyo Olympics that have been postponed in the wake of Covid-19.

Moreover, head-mounted displays and smartwatches are on the anvil regarding future applications of mini LEDs. The other potential applications include digital displays and backlighting.

The automotive industry is expected to boost the demand for mini LEDs. On these grounds, Everlight Electronics Co., Ltd., an LED manufacturing company based out of Taiwan, did come up with mini LED-based taillight. It was sent to several automotive companies later (for trial). Nepcon Japan 2019 later showcased the product, which does implement adaptive rear lamp system, thereby giving rear images.

Covid-19 Impact

The ongoing pandemic has stalled the production and research related to mini LEDs. The partial/total lockdown enforced all over has resulted in this disruption of supply chain. However, the market is expected to pick up pace from the year 2021 onwards.

Region-wise Analysis

North America held the largest market share in 2019 and the scenario is expected to continue going forward as well. This could be reasoned with the manufacturers in the US being open to exploring new-fangled technologies. Rohini LLC did exhibit its mini LED at SID Display Week 2019.

The Asia-Pacific is expected to be at the forefront with regards to mini LEDs in the forecast period. This could be credited to countries like Taiwan, China, and Japan working on commercialization of mini LED. Japan Display, Inc. and Nichia Corporation are amongst the market participants creating ripples here.

Competitive Landscape

The key players in the mini LED market include Innolux Corporation, EPISTAR Corporation, Everlight Electronics Co. Ltd., and AUO (AU Optronics Corp.). Players like EPISTAR and Lextar are already into shipping mini LED backlight products to address high-end applications like gaming monitors and notebooks.

The players are also into development of new products and launching them on relevant platforms. For instance – Shenzhen Refond Optoelectronics Co., Ltd. did showcase 65-inch mini LED display at GILE (Guangzhou International Lighting Exhibition) 2019. Unilumin Group is into mass production of 0.9 mm modules for the high-end applications. AOTO Electronics has tabled 4 kinds of mini LEDs in diverse pixel pitches – 1.2 mm, 1.5 mm, 0.9 mm, and 0.78 mm with mass production of all these.

Hongli Zhihui Group Co. did exhibit 12.3-inch mini LED display at GILE 2019. AsusTek Computer Inc. did present 32-inch 4K HDR monitor having mini LED backlight at NAB Show 2019.

Mini LED Market – Report Scope

The recent study by XploreMR on the mini LED market offers a 10-year forecast for 2020-2030. The study analyzes crucial trends that are currently determining the growth of the mini LED market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of mini LEDs. The study also provides the dynamics that are expected to influence the future status of the mini LED market over the forecast period 2020 to 2030).

A detailed assessment of value chain analysis, business executions, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the mini LED market enhances the reliability of this comprehensive research study.

Mini LED Market: Report Summary

The study offers a comprehensive analysis on diverse features, including demand, product developments, policy & regulatory landscape, revenue generation, and sales in the mini LED market across the globe.

A comprehensive estimate on the mini LED market has also been considered through an optimistic scenario as well as a conservative scenario regarding the sales of mini LEDs during the forecast period. Price point comparison by region with global average price is also considered in the study.

Mini LED Market: Segmentation

XploreMR has studied the mini LED market with detailed segmentation on the basis of LED type, end-use industry, and key regions.

LED Type

End-use Industry

Region

Standard LEDs

 Consumer Electronics

North America

Low-current LEDs

 Mobile Phones

Latin America

Ultra-high Output LEDs

 Laptops/Notebooks

Europe

 

 Televisions

East Asia

 

 Others

South Asia & Oceania

 

 Automotive

MEA

 

 Aerospace & Defense

 

 

 Others

 

Mini LED Market: Analysis on Market Size Evaluation

The study provides each market segment in terms of value (US$ Mn) and volume (Mn Units) analysis in the mni LED market.

Market estimates at global and regional levels for mini LEDs are available in terms of “US$ Mn” for value and “Mn Units” for volume. A Y-o-Y growth contrast on prominent mini LED market segments along with the market attractiveness evaluation has been incorporated in the report. Another key feature of the mini LED market report is the analysis of all key segments in terms of absolute dollar. Absolute dollar opportunity is critical in assessing the level of opportunity that a manufacturer can look to achieve as well as identify potential resources from sales and delivery perspectives in the mini LED market.

Mini LED Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which help deliver projections on regional markets. This chapter includes regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the mini LED market during the forecast period.

Country-specific valuations on the demand for mini LEDs have been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of prominence in regions and countries. Regional market Y-o-Y growth estimates have also incorporated in the report.

Detail breakup in terms of value for emerging countries has also been included in the report.

Mini LED Market: In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of the mini LED market, along with their detailed profiles. Essential and up-to-date data related to market players who are principally engaged in the production of mini LEDs has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.

Company profiles have been combined in the report, which include essentials such as product portfolios, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus providing readers with actionable insights, which help in thoughtfully presenting market status and predicting competition levels in the mini LED market. Prominent players in the mini LED market include Cree. Vishay, Revolution Lighting Technologies, Inc., Orion Energy Systems, Inc, Deco Lighting, and Epistar.

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Mini LED Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030
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