The global Mini LED market is anticipated to grow at a significant CAGR of 12.4% during the forecast period (2023-2030). The technological advancement in Mini LED technology resulted in the adoption of Mini LED with increases in brightness, energy efficiency, and colour reproduction. Initially, the consumer electronics, automotive, healthcare, and digital signage industries were the main ones to use the mini LED business. An increase in demand for a light-emitting diode (LED) that uses a standard source of light in electrical equipment drives the growth of the mini LED market. It has a wide range of applications ranging from mobile phones to large advertising billboards. The latest technology in TV displays uses a smaller LED chip to produce the same brightness as a larger chip. This miniaturized design allows for finer control of lighting levels, making it ideal for use in both home and commercial lighting applications.
Browse the full report description of “Mini LED Market Size, Share & Trends Analysis Report by Technology (Mini Display and Mini Lighting), by LED Type (Standard Mini LED, Low-current Mini LED and Ultra-high Output Mini LED), and by Application (Consumer Electronics, Automotive, Advertisement, Aerospace and Defense and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/mini-led-market
Mini-LED displays offer an advantage over other displays by producing deeper blacks and brighter whites, resulting in great contrast ratios. The contrast ratio, that is a significant factor in determining the overall quality of the image, measures the difference between the lightest and darkest parts of an image.For instance, in July 2023, Sony Corp. India launched the biggest BRAVIA XR 4K Mini LED TV with X95L offering sparkling brilliance and deep blacks. The X95L television powered by Next Gen cognitive processor XR to entertain by providing a completely immersive experience. Mini LED technology is renowned for superior display performance compared to traditional TVs. With the added advantages of higher brightness, greater contrast and a wider color gamut resulting in a more dynamic and immersive picture quality.
Further, in April 2023, TCL Electronics Holdings Ltd.TCL reiteratedits advancements in mini LED technology with the 2023 C Series TV. The latest generation of Mini LED technology rivals OLED when it comes to precise lighting control and more comparative advantages. Mini LED TV can produced at a more convenient cost, making optimized picture performance more accessible.
Furthermore, in August 2022, LG Innotek Co., Ltd. launched a slew of TV models for its 2021 lineup in India. The company launched a new OLED Evo range, QNED Mini LED TV models,and Nano Cell TV series. Moreover. It is bringing a new 88-inch 8K OLED model along with new models in the Al. Bl. and Cl series. Such developments are further contributing to the market growth.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Technology
o By LED Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Nichia Corp., Samsung Electronics Co. Ltd., EVERLIGHT Electronics Co., Ltd., AUO Corp., BOE Technology Group Co., Ltd.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Mini LED Market Report Segment
By Technology
By LED Type
By Application
Global Mini LED Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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