Mini LED Display Market To See Stunning Growth by 2027

1. Market Research Report EXCLUSIVE EDITION Global Mini LED Display Market Research Report Global Industry Analysis, Forecast and Trends, 2021-2027 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global Mini LED Display Market Report Global Mini LED Display Market Report © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Mini LED Display Market by Application (Automotive Display, Television, Smartphones, Notebook/Laptop, and Others), by End-Use (Consumer Electronics, Automotive, and Others), by Region – Global Share and Forecast to 2027 Description Description The global mini LED display market size was USD 20 2027 2027, at a CAGR of 91 . 1 % from 2021 to 2027 . Mini light - emitting diode displays use very small LEDs to produce the display 's light . Traditional backlit LCD technology is referenced in the new micro - LED technology . Instead of a single big or several smaller locally dimmed backlights, this technique employs thousands of tiny LED backlights to provide excellent local dimming characteristics . Because there is no practical restriction on the size and density of the backlights, Mini LEDs may grow from tiny to large panel sizes . They are, however, limited by the size of the LCD matrix that turns the white backlight into colors . USD 20 . . 4 million in 2020 4 million in 2020 and is estimated to reach USD 1,904 USD 1,904. . 1 1 million by million by . The factor that drives the mini LED display market growth includes increased demand for mini LED backlights in the electronics industry . The mini LED backlight for displays is rapidly gaining attention in the electronics market . Major brands in consumer electronics, such as Samsung, AUO, LG, and others, plan to launch products featuring mini LED technology . AUO has launched a series of displays with mini LED backlight technology, including various gaming devices from large - sized monitors and desktop monitors to laptops and even high - end applications such as smart vehicles . © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. Additionally, there is a rise in demand for mini LED displays in the automotive industry . The penetration of mini LED screens is expected to increase in the coming years and become popular for automotive applications . Mini LED technology has been adopted as a backlight for automotive displays such as dashboards, in - vehicle infotainment systems, rearview mirror displays, and HUDs . Some LED producers also introduced conceptual applications of external automotive lighting with mini LED technology . However, one of the major restraints is the high cost of mini LED displays . Get a Sample PDF copy of the Report: Get a Sample PDF copy of the Report: - - https:// https://www.marketstatsville.com/request www.marketstatsville.com/request- -sample/mini sample/mini- -led led- -display display- -market market COVID COVID- - 19 Impact on the Global Mini LED Display 19 Impact on the Global Mini LED Display Market Market Coronavirus is claimed to be originated from a part of China and rapidly got spread across the globe, which ultimately resulted in a global crisis . As per the reports from the WHO, on December 31st, 2019, its office received a diagnostic report of 29 pneumonia cases in China from an unknown virus in the city of Wuhan in Hubei province, Central China . In a week, it was declared that the initial cases were associated with a wet market . The virus infected almost 66 % of the staff in the wet market . On January 30th, 2020, the outbreak of this disease on a global scale was acknowledged as a Public Health Emergency of International Concern . On February 6th, 2020, a total of 28,276 confirmed cases with 565 deaths globally were accounted for by WHO, involving at least 25 countries . On February 11th, 2020, WHO announced the new coronavirus as 2019 novel coronavirus ( 2019 - nCoV ) and the disease as 2019 coronavirus disease ( COVID - 19 ) caused due to coronavirus SARS - Cov - 2 . © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. The COVID - 19 outbreak has caused a significant and protracted drop in manufacturing facilities . In contrast, travel bans facility closures kept workers out of their factories, which led to a slowdown in the growth of the mini LED display market in 2020 . Asia is the largest producer and exporter of various products widely used in electronics, automotive, and other industries . The impact of COVID - 19 on this market is temporary as only production and supply chain were stalled in 2020 . Currently, the situation has improved; therefore, production, supply chains, and the demand for these products are expected to increase in 2021 gradually . Global Mini LED Display Market Global Mini LED Display Market Dynamics Dynamics Drivers Drivers : : Increase in demand for mini LED backlights in the electronics Increase in demand for mini LED backlights in the electronics industry industry Mini LED backlight for displays is rapidly gaining attention in the electronics market . Major brands in consumer electronics, such as Samsung, AUO, LG, and others, plan to launch products featuring mini LED technology . AUO has launched a series of displays with mini LED backlight technology, including various gaming devices from large - sized monitors and desktop monitors to laptops and high - end applications such as VR headsets and smart vehicles. These initiatives help to capture new growth opportunities for mini LED display technology . Moreover, many players in the LED supply chain are now actively exploring applications related to mini and micro -LED technologies . Restrictions Restrictions: : High cost of mini LED High cost of mini LED display display The cost of mini LED components, such as LED chips, PCB backplanes, and driver ICs takes up a large portion of the devices ' overall manufacturing cost . These components ' costs combined with necessary technologies involved in manufacturing, such as testing, sorting, and SMT, also increase the cost of mini LED displays . © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. In addition, the manufacturing cost of Mini LED backlight displays is currently higher than that of traditional LCD and OLED displays, which is expected to hamper the growth of the mini LED display market . Buy an exclusive copy: Buy an exclusive copy: - - https:// https://www.marketstatsville.com/buy www.marketstatsville.com/buy- -now/mini now/mini- -led led- -display display- -market market Opportunities Opportunities: : Increasing investment in mini LED display Increasing investment in mini LED display technologies technologies Some leading companies have invested in display technologies to expand the capacity for new display technologies such as mini LED display technology . For instance, Dicolor added $146 . 28 million to build a mini LED display production center in Chuzhou; Focus Lightings planned to expand the capacity for a mini LED chip with an investment of $511 . 99 million . In addition, Epistar, a Taiwan - based LED chip maker, has also increased its capital expenditure to over $200 . 6 million . Around 90 % of the capital expenditure is for expanding mini LED capacity, with most of the investment used to buy new facilities . High investment from the leading players and an increase in demand for mini LED technologies are expected to create lucrative growth opportunities for the mini LED display market during the forecast period . Request for Report TOC, Table of Figure, Chart, Request for Report TOC, Table of Figure, Chart, etc market market etc: :- - https://www.marketstatsville.com/table https://www.marketstatsville.com/table- -of of- -content/mini content/mini- -led led- -display display- - © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. Scope of the Scope of the Report Report The study categorizes the mini LED display market based on application and type at the regional and global levels . By Application Outlook By Application Outlook ( ( Revenue Revenue, USD Million, 2017 , USD Million, 2017 - - 2027 2027) ) car display TV smartphones Notebook / Laptop Others By By End End- - Use Use Outlook Outlook ( ( Revenue Revenue, USD Million, 2017 , USD Million, 2017 - - 2027 2027) ) consumer electronics Automotive Other © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. By Region Outlook By Region Outlook ( ( Revenue Revenue, USD Million, 2017 , USD Million, 2017- - 2027 2027) ) North America ( US, Canada, Mexico ) South America ( Brazil, Argentina, Colombia, Peru, Rest of Latin America ) Europe ( Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe ) Asia Pacific ( China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia New Zealand, Rest of Asia Pacific ) The Middle East Africa ( Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA ) The television segment The television segmentis projected to account for the largest market share, by application is projected to account for the largest market share, by application By application, the mini LED display market is divided into the automotive display, television, smartphones, notebook / laptop, and others . The television segment was the highest contributor to the market, with 27 . 4 % of the market share . A surge in demand for television across the globe and an increase in advancement in this segment is expected to create growth opportunities for the mini LED display market . These TVs can also have up to 3,000 local dimming zones, which increase the overall contrast ratio of the panel while also reducing the halo effect . For instance, TCL Electronics, one of the dominant players in the global TV industry and a leading consumer electronics company, has launched OD ZeroTM Mini LED technology . This technology combines TCL's 3rd generation mini LED backlight technology, driven by its skilled in - house technology development and deployed with its powerful vertical integration to deliver an ultra - slim profile, which has never been achieved with LED LCD TVs . These factors are expected to create lucrative opportunities for the mini LED display market . © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

11. Asia Pacific Asia Pacificaccounts for the highest accounts for the highestCAGR during the forecast period CAGR during the forecast period The global mini LED display market has been segmented across North America, Asia - Pacific, Europe, South America, and the Middle East Africa based on the regions . Globally, Europe is projected to hold the highest CAGR of 100 . 2 % in the global mini LED display market during the forecast period . Major countries included in Europe are Germany, the UK, France, and the rest of Europe . An increase in the adoption of mini LED technology in the consumer electronics segment is expected to boost the mini LED display market growth during the forecast period . Moreover, this region has technologically advanced countries, out of which most are developed or are in the developing phase . Therefore, technical advancement is one of the major factors expected to boost market growth in Europe . The mini LED display market is expected to witness strong growth in the coming years due to growing smart TV popularity in Europe . Among all European countries, Germany accounts for the largest market share, owing to proactive government initiatives in the form of subsidiaries, acquisition of smaller companies, and rise in adoption of mini LEDs . Key Market Key Market Players Players Corporation, AU Optronics Corp, Innolux Corporation, Japan Display, Inc. , Everlight Electronics Co. Ltd. _ , EPISTAR BOE Technology Group Co, Harvatek Corporation, San'an Optoelectronics, Lextar Electronics Corporation, Harvatek Corporation, and VerLASE Technologies LLC are among the prominent firms highlighted in the research . Market players have adopted various strategies, such as collaboration partnership, product launch, and agreement, to expand their foothold in the mini LED display market . © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

12. Recent Recent Developments Developments In April 2020, BOE Technology worked with mini - LED technology to develop a 27 - inch 4K HDR display panel with 64 x 32 array support . In October 2020, Lextar partnered with Xiaomi to lunch mini LED products . In this agreement, Xiaomi 's 82 - inch 8K and 4K LCD TVs will be powered with Lextar 's mini LED backlight units ( BLU ) to enhance picture quality . In March 2020, VerLase Technologies LLC introduced a novel mass transfer technique for micro - LED display production based on its Large Area Assembly Platform ( LAAP ) with a similar concept . A simpler technology was launched known as Photo Mechanical Actuation ( PMA ). In September 2020, San ' an Optoelectronics and Epistar agreed with Apple to supply mini - LED chips to power Apple devices with mini LEDs for better picture quality . Key Issues Key Issues Addressed Addressed What is the market size by various segmentation of the mini LED display by region and its respective countries? What are the customer buying behavior, key takeaways, and Porter's 5 forces of the mini LED display market? What are the key opportunities and trends for manufacturers involved in the mini LED display supply chain? What are the fundamental dynamics ( drivers, restraints, opportunities, and challenges ) of the market? © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

13. What and how regulations, schemes, patents, and policies are impacting the growth of the market? What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology? The market player positioning, top winning strategies by years, company product developments, and launches will be? How has COVID-19 impacted the demand and sales of mini LED display in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period. Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market. Request For Report Analysis: Request For Report Analysis: - - https://www.marketstatsville.com/mini https://www.marketstatsville.com/mini- -led led- -display display- -market market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

14. Research Methodology Market Statsville Group (MSG) research is conducted by industry experts who offer insight into industry structure, market segmentation, product assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and current market positions. Furthermore, the varying trends of the segments and categories are geographically presented, studied, and estimated based on primary and secondary research. Primary Primary Research Research – – Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers) of the major players who are active in the global software testing market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next six years. Secondary Secondary Research technical, market-oriented, and commercial study of the global software testing market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization, some paid databases, and many others. Research – –Secondary research was mainly used to collect and identify information useful for the extensive, © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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