Mini LED Market Size, Share & Trends Analysis Report By Application (Automotive, Consumer Electronics (Mobile Phone, Laptop, Television)), By Region, And Segment Forecasts, 2019 - 2025

Published: Oct, 2019 | Pages: 85 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The global mini LED market size is expected to reach USD 5.9 billion by 2025, at a CAGR of 86.6% over the forecast period, according to a new report by Grand View Research, Inc. Amidst rapid development of Organic Light-Emitting Diodes (OLEDs), mini LEDs have gradually forayed into the industry to bridge the application and technology gap between micro LEDs, which have not been able to overcome their inherent technical hurdles, and traditional LEDs. They are being integrated into backlight modules owing to their increased color gamut and brightness level, lower response time, and improved contrast ratio.

Increasing demand for miniaturized display in consumer electronics devices is expected to positively impact industry growth over the next few years. Mini light-emitting diodes are expected to aid chip makers in gaining market share and technology penetration. Chip sizes ranging from 100 to 200 µm were commercialized in late 2018. Consumer electronics, digital signage, and industrial displays have been the early adopters of this technology. High dynamic range and power-saving capability are some of the features that make them a suitable backlight solution for next-generation displays. Key players are expected to cash in on this opportunity by providing mini LED packages.

Currently, the applications are limited to backlighting in televisions and laptops. These light-emitting diodes have the potential to alter LCDs by decreasing the performance gap with OLED displays. Miniature LEDs are expected to grow beyond these applications in the automotive, smartphone, and digital signage segments. They are suitable for curved display and notch design, and thus in the coming years, are expected to become mainstream smartphones.

Asia Pacific is one of the prominent manufacturing hubs as there are numerous China- and Taiwan-based companies involved in the development and mass production of mini light-emitting diodes. As manufacturers themselves feel that the manufacturing cost is much higher than other technologies, the focus currently hinges on cost reduction before introducing the technology into mainstream applications. Once low-cost products are introduced, miniature LEDs are expected to expand their presence in other regional markets as well.

Further key findings from the report suggest:

• Mini LED is expected to become one of the mainstream display technologies, and thus various vendors are reporting their developments by showcasing these products in several exhibitions and trade shows

• The automotive display application segment is expected to exhibit the highest CAGR in mini LED market over the forecast period. Mini light-emitting diodes have high contrast and brightness ratio, which provide clarity in automotive displays, thereby ensuring safety and security

• North America is expected to be early adopters of this technology owing to regional demand for premium gaming monitors and laptops

• Innolux Corporation; Japan Display, Inc.; Everlight Electronics Co. Ltd.; and EPISTAR Corporation are some of the prominent companies working on the development of mini light-emitting diode technology and products.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market segmentation & scope
                    1.2. Market definition
                    1.3. Information procurement
                         1.3.1. Purchased database
                         1.3.2. GVR's internal database
                         1.3.3. Secondary sources & third party perspectives
                         1.3.4. Primary research
                    1.4. Information analysis
                         1.4.1. Data analysis models
                    1.5. Market formulation & data visualization
                    1.6. Data validation & publishing

Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights

Chapter 3. Mini LED Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Mini LED Market - Value Chain Analysis
                    3.3. Mini LED Market - Market Dynamics
                         3.3.1. Market Driver Analysis
                             3.3.1.1. Growing application base
                             3.3.1.2. Increasing mass production of mini LED
                         3.3.2. Market Restraint/Challenge Analysis
                             3.3.2.1. High manufacturing cost
                    3.4. Penetration & Growth Prospect Mapping
                    3.5. Business Environment Analysis Tools
                         3.5.1. Industry Analysis - Porter's
                             3.5.1.1. Supplier Power
                             3.5.1.2. Buyer Power
                             3.5.1.3. Substitution Threat
                             3.5.1.4. Threat from new entrant
                             3.5.1.5. Competitive rivalry
                         3.5.2. PEST Analysis
                             3.5.2.1. Political Landscape
                             3.5.2.2. Environmental Landscape
                             3.5.2.3. Social Landscape
                             3.5.2.4. Technology Landscape
                         3.5.3. Mini LED Market - Technology Landscape
                             3.5.3.1. Comparison of Micro LED and Mini LED
                             3.5.3.2. Requirement for Mini LED and Micro LED in Typical Applications
                                 3.5.3.2.1. Use cases of mini/micro LEDs in consumer electronics and automotive
                         3.5.4. Mini LED Market - Roadmap
                             3.5.4.1. Will Apple Inc. Play a Major Role in Shaping Mini LED Industry?

Chapter 4. Mini LED Market: Application Estimates & Trend Analysis
                    4.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2025 (USD Million)
                    4.2. Application Movement Analysis & Market Share, 2018 & 2025
                    4.3. Consumer Electronics
                         4.3.1. Market estimates & forecasts by region, 2018 - 2025 (USD Million)
                         4.3.2. Mobile Phone
                             4.3.2.1. Market estimates & forecasts by region, 2018 - 2025 (USD Million)
                         4.3.3. Laptop/Notebook
                             4.3.3.1. Market estimates & forecasts by region, 2018 - 2025 (USD Million)
                         4.3.4. Television
                             4.3.4.1. Market estimates & forecasts by region, 2018 - 2025 (USD Million)
                    4.4. Automotive
                         4.4.1. Market estimates & forecasts by region, 2018 - 2025 (USD Million)
                    4.5. Others
                         4.5.1. Market estimates & forecasts by region, 2018 - 2025 (USD Million)

Chapter 5. Mini LED Market: Regional Estimates & Trend analysis
                    5.1. Regional Market Size Estimates & Forecasts, 2018 - 2025 (USD Million)
                    5.2. Regional Movement Analysis & Market Share, 2018 & 2025
                    5.3. North America
                         5.3.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                         5.3.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                         5.3.3. U.S.
                             5.3.3.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                             5.3.3.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                         5.3.4. Canada
                             5.3.4.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                             5.3.4.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                         5.3.5. Europe
                             5.3.5.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                             5.3.5.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                             5.3.5.3. U.K.
                                 5.3.5.3.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                                 5.3.5.3.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                             5.3.5.4. Germany
                                 5.3.5.4.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                                 5.3.5.4.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                         5.3.6. Asia Pacific
                             5.3.6.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                             5.3.6.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                             5.3.6.3. China
                                 5.3.6.3.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                                 5.3.6.3.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                             5.3.6.4. Japan
                                 5.3.6.4.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                                 5.3.6.4.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                             5.3.6.5. India
                                 5.3.6.5.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                                 5.3.6.5.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                         5.3.7. Latin America
                             5.3.7.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                             5.3.7.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                             5.3.7.3. Brazil
                                 5.3.7.3.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                                 5.3.7.3.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                             5.3.7.4. Mexico
                                 5.3.7.4.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                                 5.3.7.4.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)
                             5.3.7.5. Middle East and Africa (MEA)
                                 5.3.7.5.1. Market estimates & forecasts, 2018 - 2025 (USD Million)
                                 5.3.7.5.2. Market estimates & forecasts by application, 2018 - 2025 (USD Million)

Chapter 6. Mini LED Market: Competitive Analysis
                    6.1. Mini LED Market - Key Company and Application Areas
                    6.2. Mini LED Market- Key Company Analysis, 2018
                    6.3. Developments in Mini LED Market

Chapter 7. Competitive Landscape
                    7.1. AU Optronics Corp.
                         7.1.1. Company Overview
                         7.1.2. Financial Performance
                         7.1.3. Product Benchmarking
                         7.1.4. Strategic Initiatives
                    7.2. BOE Technology Group Co., Ltd.
                         7.2.1. Company Overview
                         7.2.2. Financial Performance
                         7.2.3. Product Benchmarking
                         7.2.4. Strategic Initiatives
                    7.3. EPISTAR Corporation
                         7.3.1. Company Overview
                         7.3.2. Financial Performance
                         7.3.3. Product Benchmarking
                         7.3.4. Strategic Initiatives
                    7.4. Everlight Electronic Co. Ltd.
                         7.4.1. Company Overview
                         7.4.2. Financial Performance
                         7.4.3. Product Benchmarking
                         7.4.4. Strategic Initiatives
                    7.5. Foshan NationStar Optoelectronics Co. Ltd.
                         7.5.1. Company Overview
                         7.5.2. Financial Performance
                         7.5.3. Product Benchmarking
                         7.5.4. Strategic Initiatives
                    7.6. Harvatek Corporation
                         7.6.1. Company Overview
                         7.6.2. Financial Performance
                         7.6.3. Product Benchmarking
                         7.6.4. Strategic Initiatives
                    7.7. Innolux Corporation
                         7.7.1. Company Overview
                         7.7.2. Financial Performance
                         7.7.3. Product Benchmarking
                         7.7.4. Strategic Initiatives
                    7.8. Japan Display, Inc.
                         7.8.1. Company Overview
                         7.8.2. Financial Performance
                         7.8.3. Product Benchmarking
                         7.8.4. Strategic Initiatives
                    7.9. Suzhou Dongshan Precision Manufacturing Co. Ltd. (DSBJ)
                         7.9.1. Company Overview
                         7.9.2. Financial Performance
                         7.9.3. Product Benchmarking
                         7.9.4. Strategic Initiatives
                    7.10. Tianma Microelectronics Co., Ltd.
                         7.10.1. Company Overview
                         7.10.2. Financial Performance
                         7.10.3. Product Benchmarking
                         7.10.4. Strategic Initiatives
                    7.11. Unity Opto Technology Co. Ltd.
                         7.11.1. Company Overview
                         7.11.2. Financial Performance
                         7.11.3. Product Benchmarking
                         7.11.4. Strategic Initiatives

List of Tables

Table 1 Global mini LED market, 2018 - 2025 (USD Million)
Table 2 Global mini LED display, 2018 - 2025 (Million Units)
Table 3 Global mini LED market estimates and forecast, by region, 2018 - 2025 (USD Million)
Table 4 Global mini LED market estimates and forecast, by application, 2018 - 2025 (USD Million)
Table 5 Key market driver impact
Table 6 Key market restraint impact
Table 7 Cost of 10.1-Inch HD Display
Table 8 Mini LED market in consumer electronics, by region, 2018 - 2025 (USD Million)
Table 9 Mini LED mobile phone market,, 2018 - 2025 (USD Million)
Table 10 Market for mini LED in mobile phones,, 2018 - 2025 (USD Million)
Table 11 Market for mini LED in television,, 2018 - 2025 (USD Million)
Table 12 Mini LED market in automotive, by region (USD Thousand), 2018 - 2025
Table 13 Mini LED market in others application, by region (USD Thousand), 2018 - 2025
Table 14 North America mini LED market by application, 2018 - 2025 (USD Million)
Table 15 U.S. mini LED market by application, 2018 - 2025 (USD Million)
Table 16 Canada mini LED market by application, 2018 - 2025 (USD Million)
Table 17 Europe mini LED market by application, 2018 - 2025 (USD Million)
Table 18 Germany mini LED market by application, 2018 - 2025 (USD Million)
Table 19 U.K. mini LED market by application, 2018 - 2025 (USD Million)
Table 20 APAC mini LED market by application, 2018 - 2025 (USD Million)
Table 21 China mini LED market by application, 2018 - 2025 (USD Million)
Table 22 India mini LED market by application, 2018 - 2025 (USD Million)
Table 23 Japan mini LED market by application, 2018 - 2025 (USD Million)
Table 24 LATAM mini LED market by application, 2018 - 2025 (USD Million)
Table 25 Brazil mini LED market by application, 2018 - 2025 (USD Million)
Table 26 Mexico mini LED market by application, 2018 - 2025 (USD Million)
Table 27 MEA mini LED market by application, 2018 - 2025 (USD Million)

List of Figures

Fig. 1 Market Snapshot
Fig. 2 Mini LEDs market segmentation & scope
Fig. 3 Mini LED market - Market size and growth prospects (USD Million)
Fig. 4 Mini LEDs market - Value chain analysis
Fig. 5 Model for LED with a mini LED backlight
Fig. 6 Mini LEDs market - Market dynamics
Fig. 7 Industry Analysis-Porter's
Fig. 8 PEST Analysis
Fig. 9 Various display specifications
Fig. 10 Mini LED Roadmap
Fig. 11 Mini LED market, by application, key takeaways
Fig. 12 Application movement analysis & market share, 2018 & 2025
Fig. 13 Mini LED consumer electronics market, 2018 - 2025 (USD Million)
Fig. 14 Mini LED automotive market, 2018 - 2025 (USD Million)
Fig. 15 Mini LED others market, 2018 - 2025 (USD Million)
Fig. 16 Regional market size estimates & forecasts, 2018 - 2025
Fig. 17 Regional movement analysis & market share, 2018 & 2025
Fig. 18 North America mini LED market by country, 2018 & 2025
Fig. 19 North America mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 20 U.S. mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 21 Canada mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 22 Europe mini LED market by country, 2018 & 2025
Fig. 23 Europe mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 24 German mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 25 UK mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 26 APAC mini LED market by country, 2018 & 2025
Fig. 27 APAC mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 28 China mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 29 India mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 30 Japan mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 31 LATAM mini LED market by country, 2018 & 2025
Fig. 32 LATAM mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 33 Brazil mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 32 Mexico mini LED market, by application, 2018 - 2025 (USD Million)
Fig. 33 MEA mini LED market, by application, 2018 - 2025 (USD Million)