May 30, 2022 07:30 ET | Source: Astute Analytica Astute Analytica

New Delhi, May 30, 2022 (GLOBE NEWSWIRE) -- Global Mini LED Display market was valued at US$ 290.8 Million in 2021 and is forecasted to reach US$ 9,343.0 Million by 2027. The market is expected to register a CAGR of 78.3% during the forecast period 2022-2027.

Mini LED is an advancement in LCD tech and mini-LED technology is most commonly found in televisions. The need for mini-LEDs is also growing in the fields of electronics applications such as gaming computers and monitors, as well as niche items such as high-end televisions that come with high contrast, high resolution, and saturation.

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Factor such as rising demand for miniaturized display in consumer electronics devices and high dynamic range, power-saving capability & the lower failure rate compared to traditional LEDs drives the growth in the global mini-LED display market over the forecast period. The growing need for mini-LED displays in consumer electronics products as compared to regular LEDs is mainly due to its wide dynamic range, power-saving capability, and lower failure rate of tiny LEDs. Moreover, the application of mini-LEDs in smartphones creates a lucrative growth opportunity in the market. However, the high cost of mini-LEDs and high-power consumption in mini-LEDs inhibits the market growth over the forecast period. The increasing investment in the deployment of Mini LED technology is increasing the cost of mini-LEDs.

Mini- LED Display Market Region Wise Insights

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Global Mini LED Display Market is highly competitive in order to increase its presence in the marketplace. Some of the key players operating in the global mini-LED display market include Apple Inc., BOC Technology, Japan Display Inc., SONY India, X-CELEPRINT, AOC, Advanced Optoelectronic Technology Inc (AOT), AU Optronics Corp, EPI LEDS Co. Ltd., HGC Technology Co. Ltd, Innolux Corporation, Shenzhen MTC Co., Xiamen Changelight Co., Ltd., EPISTAR Corporation and Everlight Electronics Co. Ltd. among others.

Global Mini LED Display market is segmented based on form, application, panel size, and region. The industry trends in the mini-LED display market are sub-divided into different categories in order to get a holistic view of the global marketplace.

Following are the different segments of the Global Mini LED Display Market:

By Form segment of the Global Mini LED Display Market is sub-segmented into:

By Application segment of the Global Mini LED Display Market is sub-segmented into:

By Panel Size segment of the Global Mini LED Display Market is sub-segmented into:

By Region segment of the Global Mini LED Display Market is sub-segmented into:

To gain more insights into the market with a detailed table of content and figures, click here: https://www.astuteanalytica.com/industry-report/mini-led-display-market

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