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Mini LED Display Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Mini LED Display Market (By Form – Blacklist source (For LCDs), Self-Emission Pixel Emitters; By Application – Automotive Display, Consumer Electronic, Commercial, Industrial Devices, Others; By Panel - <12”, 12” – 32”, 32”- 100”, >100”) – Industry Dynamics, Market Size, Opportunity, and Forecast to 2027

  • Published On: 09-Nov-2021  |  Format: pdfpowerpointexcel  |  Report ID: AA1121101
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Mini LED Display Market

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FREQUENTLY ASKED QUESTIONS

The Global Mini LED Display Market was valued US$ 174.5 Mn in 2020.

Mini LED displays are used in smartphones, smartwatches, TVs, laptops, projectors, and in various smart devices.

The study in report shows a CAGR of 78.30% in the forecast period of 2021-2027.

The report provides detailed segments of LED display market, which includes by form (Two sub-segments), by application (Five sub-segments), and by panel size (Four sub-segments).

In 2020, Asia Pacific is dominating region, holding 60% of the market share across the globe.

The impact of COVID-19 considers various dynamics to calculate near to accurate result which includes supply chain dispute, how lockdown created a gap in LED display market. 

Increasing demand in electronic items play a major role in recovery phase of COVID-19 pandemic and the market size is estimated to grow to US$ 9,343 Mn during the forecast period (2021-2027) including a dent of decline during pandemic phase. 

Advantages of Mini LEDs: Mini LEDs have power saving capacity and low failure rate compared to LCDs, provide higher brightness. Disadvantages of Mini LEDs: It include high cost of equipment than traditional LCD and large number of IC’s are required to operate.

Japan Display, Inc., EPISTAR Corporation, Innolux Corporation and Everlight Electronics Co. Ltd. are some of the key players holding majority of the market share. 

The CR4: Ratio of the mini LED display market is 43.2%. 

Cost structure of Mini LED backlight display consists of 66% of Mini LED backlight module, 30% of LCD panel and 4% others. 

The key distributors of LED Display are IT companies, government organizations, Direct to builders' facility units and others. Some prominent distribution companies under this market are Nichia Corporation (Japan), Phillips (United States) and Osram (Germany).

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