The global mini LED market size was valued at USD 24.6 million in 2018 and is anticipated to register a substantial CAGR of 86.6% over the forecast period.Miniature light-emitting diodes are considered to be the next-generation display technology supporting high contrast ratio, enhanced brightness, wider color gamut, low energy consumption, and quick reaction time. Since their contrast and brightness features are seemed to be better than organic light-emitting diodes (OLEDs), they're anticipated to gradually erode the latters market share over subsequent few years.Furthermore, manufacturers only got to redesign the driving force ICs and invest in manufacturing equipment within the existing traditional LCD Technology ion setup, to make sure hassle-free Technology ion. Thus, for these traditional LCD manufacturers, mini LED technology provides a chance to upgrade Technology specifications and compete with existing OLED technology.Source: Secondary Databases, Primary Interviews and 99-Reports AnalysisGlobal Mini LED Industry Dynamics The increasing use of smartphones, mobiles, electrical gadgets, by own or companies purpose is affect the mini LED market growth. This factor is associated with the bring-your-own-device (BYOD) trend. Owing to the commercialization of those applications, revenue from the worldwide mini LED market is predicted to further increase during the forecast period. Additionally, other next-generation display technologies like micro LED technology is presently facing technical barriers. This also makes it possible to predict the expansion of the worldwide mini LED market over the forecast period. Equivalent barriers have also prevented the commercialization of micro-LED because of the technology not achieving the specified breakthroughs. These are among other major factors prompting consumer electronics producers to concentrate more on manufacturing mini LEDs over the normal or micro LEDs. Mini LED technology finds applications in consumer electronics applications, comprising gaming notebooks, monitors, and televisions with high resolution, contrast, and saturation. Virtual reality with high contrast ratio and brightness is another application during which mini LED technology is employed. Owing to of these applications, which are trending currently, the expansion of the worldwide mini LED market is predicted to extend over the forecast period.
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Global Mini LED Market - Key Segment –
Global Mini LED Market By Technology Type:
• Mini Display
• Mini Lighting
Global Mini LED Market By Sector:
• Consumer Electronics
• Automotive
• Advertisement
• Aerospace and Defence
• Others

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Global Mini LED Market - Geographical Analysis By geography, the global Mini LED Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).The marketplace for mini LEDs in North America accounted for significant revenue share in 2018, and this is often attributed to an increasing number of younger individuals, institutions, industries, and organizations buying consumer electronics items like mobile phones, laptops, and monitors, especially in developed countries. Revenue growth from the market within the Asia Pacific is primarily supported by high revenue from sales of mini LED Technology s in countries like China and India and is predicted to register a significantly fast CAGR over the forecast period. The market in Europe is additionally expected to register a big rate of growth over the forecast period.Global Mini LED Market -
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Competitive Analysis
Some of the key leaders companies in the market include -
• AU Optronics Corp
• BOE Technology Group Co Ltd
• Unity Opto Technology Co Ltd
• EPISTAR Corporation
• Foshan Nation Star Optoelectronics Co. Ltd
• Everlight Electronics Co. Ltd
• Harvatek Corporation
• Japan Display Inc
• Innolux Corporation
• Tianma Microel electronics Co Ltd.
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