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The global Mini LED market size was valued at USD 649.91 Million in 2022 and will reach USD 5970.68 Million in 2028, with a CAGR of 44.72% during 2022-2028.
Mini-LED is a new display technology that can improve the contrast ratio and have deeper blacks compared to LCD panels lit by conventional LEDs (light emitting diodes). As the name suggests, mini LEDs are much smaller than ordinary LEDs. Diodes smaller than 0.2 mm are generally classified as Mini-LEDs. Just like traditional LED lighting TVs, they are used to illuminate conventional LCD panels.
Operation of Mini LED Companies
Mini LED main operational impacts are business continuity planning, management of flexible work arrangements, management of employee communication, addressing employees' concerns about workplace policies, implementing preventive measures, reviewing current welfare policies, etc. Demand for home isolation, management efficiency of large and small companies has declined, commuting has been severely hindered, sales plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined.
Main Impact
Different industries are affected differently by the epidemic situation. The impact on Mini LED is mainly reflected in the supply of material and Downstream market demand. Affected by the COVID-19 epidemic, logistics will be suspended and the supply of Mini LED will be tight. Due to the global threat of COVID-19, the resumption of work in the factory will directly affect the customer's production plan for goods and shipments. The continuous outbreak of the international epidemic situation, if the personnel control of each country is extended, it will affect the smooth supply of equipment and materials.
High performance of Mini LED
Mini LEDs have significant advantages and are expected to be ramped up quickly: Mini LEDs are a transitional solution between small-pitch LEDs and Micro LEDs. It has undertaken the characteristics of small-pitch LEDs with high efficiency, high reliability, high brightness and fast response time, but the technical difficulty is lower than that of Micro LEDs. LEDs are easier to mass produce. Compared with OLED, Mini LED also has advantages in terms of yield, cost, energy saving effect and display performance. At present, the two key packaging technologies of Mini LED, COB and IMD have been breakthroughs, which will strongly promote the rapid growth of Mini LED in the field of LCD backlight and display.
High Cost
The biggest pain point of Mini LED is cost. Mini LED backlight technology requires more LEDs, which increases the cost of backlighting. On this basis, the number of LED chips used to superimpose Mini LEDs has greatly increased, and the overall cost is bound to increase significantly. The industry generally believes that the actual price of Mini LED backlights, from raw materials, chips to packaging, is at a relatively high position under the condition of not increasing the volume. Therefore, the current Mini LED backlight is mainly aimed at applications where prices are not very sensitive. However, with the maturity of the product technology route and the improvement of supporting materials and equipment capabilities, the future price of Mini LED backlights will steadily drop and gradually be introduced into mass consumer products.
Region Overview:
From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
Epistar is one of the major players operating in the Mini LED market, holding a share of 23.14% in 2021.
Epistar
Epistar Corporation manufactures and markets light emitting diode (LED) chips and epitaxial wafers. The Company's sells its products in Taiwan and exports worldwide. Today, EPISTAR has firmly become a major global supplier. EPISTAR has cooperated with some of the world's most well-known brands to promote LED applications on mobile screens, laptops, TVs and other devices. EPISTAR is bringing beneficial solid-state lighting into daily life.
Sanan Optoelectronics
Sanan Optoelectronics Co., Ltd was established in November 2000, San'an Optoelectronics is mainly engaged in the R&D, production and marketing of full-color, ultrahigh-brightness LED epitaxial wafers, chips, III-V compound semiconductors, microwave communication IC and power devices and optical communication components. Its products feature leading performance. Bolstered by its strengths, Sanan Optoelectronics invested 33.3 billion yuan in industries of III-V compound semiconductor materials, LED epitaxial wafers, chips, microwave IC, optical communication , RF filter, power electronics, SIC materials and devices and special packaging in 2018 after it increased the industrialization of LED epitaxial chip R&D and manufacturing, made investments in IC industry and completed the project of GaAs high-speed semiconductor and GaN high-power semiconductor in 2014. When completed in 2022, Sanan Optoelectronics will grow its presence in the whole industry chain of high-end compound semiconductors and become a lead ing company in technological strength and production capacity.
Segmentation Overview:
By type, 100~200 um segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Monitors segment occupied the biggest share from 2017 to 2022.
The Mini LED market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Mini LED market covered in Chapter 4:
OSRAM
Nichia
Sanan Optoelectronics
HC SemiTek
Xiamen Changelight
Lextar
Epistar
In Chapter 12 and Chapter 14.1, on the basis of types, the Mini LED market from 2018 to 2028 is primarily split into:
50~100um
100~200um
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Mini LED market from 2018 to 2028 covers:
Smartphones
Automotive
TV
Monitors
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Mini LED market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Mini LED market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Mini LED industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Mini LED industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Mini LED market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Mini LED market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Mini LED market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Mini LED market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
Mini-LED is a new display technology that can improve the contrast ratio and have deeper blacks compared to LCD panels lit by conventional LEDs (light emitting diodes). As the name suggests, mini LEDs are much smaller than ordinary LEDs. Diodes smaller than 0.2 mm are generally classified as Mini-LEDs. Just like traditional LED lighting TVs, they are used to illuminate conventional LCD panels.
Operation of Mini LED Companies
Mini LED main operational impacts are business continuity planning, management of flexible work arrangements, management of employee communication, addressing employees' concerns about workplace policies, implementing preventive measures, reviewing current welfare policies, etc. Demand for home isolation, management efficiency of large and small companies has declined, commuting has been severely hindered, sales plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined.
Main Impact
Different industries are affected differently by the epidemic situation. The impact on Mini LED is mainly reflected in the supply of material and Downstream market demand. Affected by the COVID-19 epidemic, logistics will be suspended and the supply of Mini LED will be tight. Due to the global threat of COVID-19, the resumption of work in the factory will directly affect the customer's production plan for goods and shipments. The continuous outbreak of the international epidemic situation, if the personnel control of each country is extended, it will affect the smooth supply of equipment and materials.
High performance of Mini LED
Mini LEDs have significant advantages and are expected to be ramped up quickly: Mini LEDs are a transitional solution between small-pitch LEDs and Micro LEDs. It has undertaken the characteristics of small-pitch LEDs with high efficiency, high reliability, high brightness and fast response time, but the technical difficulty is lower than that of Micro LEDs. LEDs are easier to mass produce. Compared with OLED, Mini LED also has advantages in terms of yield, cost, energy saving effect and display performance. At present, the two key packaging technologies of Mini LED, COB and IMD have been breakthroughs, which will strongly promote the rapid growth of Mini LED in the field of LCD backlight and display.
High Cost
The biggest pain point of Mini LED is cost. Mini LED backlight technology requires more LEDs, which increases the cost of backlighting. On this basis, the number of LED chips used to superimpose Mini LEDs has greatly increased, and the overall cost is bound to increase significantly. The industry generally believes that the actual price of Mini LED backlights, from raw materials, chips to packaging, is at a relatively high position under the condition of not increasing the volume. Therefore, the current Mini LED backlight is mainly aimed at applications where prices are not very sensitive. However, with the maturity of the product technology route and the improvement of supporting materials and equipment capabilities, the future price of Mini LED backlights will steadily drop and gradually be introduced into mass consumer products.
Region Overview:
From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
Epistar is one of the major players operating in the Mini LED market, holding a share of 23.14% in 2021.
Epistar
Epistar Corporation manufactures and markets light emitting diode (LED) chips and epitaxial wafers. The Company's sells its products in Taiwan and exports worldwide. Today, EPISTAR has firmly become a major global supplier. EPISTAR has cooperated with some of the world's most well-known brands to promote LED applications on mobile screens, laptops, TVs and other devices. EPISTAR is bringing beneficial solid-state lighting into daily life.
Sanan Optoelectronics
Sanan Optoelectronics Co., Ltd was established in November 2000, San'an Optoelectronics is mainly engaged in the R&D, production and marketing of full-color, ultrahigh-brightness LED epitaxial wafers, chips, III-V compound semiconductors, microwave communication IC and power devices and optical communication components. Its products feature leading performance. Bolstered by its strengths, Sanan Optoelectronics invested 33.3 billion yuan in industries of III-V compound semiconductor materials, LED epitaxial wafers, chips, microwave IC, optical communication , RF filter, power electronics, SIC materials and devices and special packaging in 2018 after it increased the industrialization of LED epitaxial chip R&D and manufacturing, made investments in IC industry and completed the project of GaAs high-speed semiconductor and GaN high-power semiconductor in 2014. When completed in 2022, Sanan Optoelectronics will grow its presence in the whole industry chain of high-end compound semiconductors and become a lead ing company in technological strength and production capacity.
Segmentation Overview:
By type, 100~200 um segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Monitors segment occupied the biggest share from 2017 to 2022.
The Mini LED market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Mini LED market covered in Chapter 4:
OSRAM
Nichia
Sanan Optoelectronics
HC SemiTek
Xiamen Changelight
Lextar
Epistar
In Chapter 12 and Chapter 14.1, on the basis of types, the Mini LED market from 2018 to 2028 is primarily split into:
50~100um
100~200um
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Mini LED market from 2018 to 2028 covers:
Smartphones
Automotive
TV
Monitors
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Mini LED market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Mini LED market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Mini LED industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Mini LED industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Mini LED market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Mini LED market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Mini LED market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Mini LED market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
