According to a new report, published by KBV research, The Global Mini LED Market size is expected to reach $26.6 billion by 2030, rising at a market growth of 58.2% CAGR during the forecast period.
The Mini Lighting segment is experiencing a CAGR of 59.1% during (2023 - 2030). Mini lightings are small-sized fixtures or systems designed to illuminate small places or for specialized lighting applications. Small dimensions, low power consumption, and numerous mounting options characterize them. They are miniature LED spotlights with high-intensity illumination that highlight artwork, architectural features, or specific points of interest. Miniature LED lights are tiny, energy-efficient light sources used in various applications.
The Consumer Electronics segment is leading the the Global Mini LED Market by Application in 2022; thereby, achieving a market value of $12.7 billion by 2030. As technology progresses, consumer electronics integrating tiny LED technology are becoming increasingly popular. Mini LEDs in smartphones and tablets facilitate improved brightness, contrast, and battery performance. Mini LED technology can improve the visual experience of mobile device users, particularly for individuals who engage in entertainment and gaming. The usage of mini-LEDs in consumer electronics can differ based on factors such as manufacturing costs, user demand, and technological improvements.
The Ultra-high Output Mini LED segment is capturing a CAGR of 59.6% during (2023 - 2030). Ultra-high output mini-LEDs are identified by their high luminous effectiveness, or the amount of visible light produced per unit of energy consumed. These mini-LEDs are widely utilized in applications that demand a large amount of light output and where standard lighting sources such as incandescent or fluorescent bulbs cannot match the brightness standards.
The North America region dominated the Global Mini LED Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9.7 billion by 2030, growing at a CAGR of 57.1 % during the forecast period. The Europe region is poised to grow at a CAGR of 57.9% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 59.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/mini-led-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AUO Corporation, Ennostar Inc., Everlight Electronics Co., Ltd., Harvatek Corporation, Japan Display, Inc., Tianma Microelectronics Co., Ltd., ams-OSRAM AG, Hon Hai Precision Industry Co. Ltd, Suzhou Dongshan Precision Manufacturing Co., Ltd., SANAN Optoelectronics Co., Ltd.
ByTechnology (Volume, Thousand Units, USD Million, 2019-2030)
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Type (Volume, Thousand Units, USD Million, 2019-2030)
By Geography (Volume, Thousand Units, USD Million, 2019-2030)
Companies Profiled
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