Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
Read Report- https://www.factmr.com/report/4969/mini-led-market
As the focus on IoT and smart devices becomes strong, worldwide, market players are eyeing potential opportunities in unexplored markets. Highly populous Asian countries, in particular, offer a huge customer base for leading manufacturers of mini LEDs. High adoption of digitalization and surge in the number of end-use industry product manufacturers are opening up new avenues for the mini LED market. According to a new Fact.MR study, the mini LED market is poised to expand at an impressive value CAGR of 22% through 2030.
Key Takeaways from Mini LED Market Study
- Standard mini LEDs are estimated to account for 26% share of total market revenue in 2020, but lose 2000 BPS in their market share by 2030 over 2020.
- Consumer electronics, as an end-use industry for mini LEDs, continues to influence the growth strategies of market players, and are expected to contribute revenue worth US$ 150 Mn in 2020 and US$ 1,150 Mn by 2030, progressing at a CAGR of 23% during the forecast period.
- The automotive segment is expected to record a CAGR of 21.5% and create an absolute $ opportunity of US$ 230 Mn during the forecast period.
- The East Asia mini LED market is projected to hold a prominent share of the global market value.
- The mini LED market in North America is projected to resister the highest growth rate in terms of value during the forecast period.
- Demand for mini LEDs has been hit due to the COVID-19 outbreak, as a result of decreased production by end-use industries and dwindling demand from consumers.
“Collaboration with end-use industry players and vertical integration for gaining market share and increasing brand awareness are important to gain traction as competition increases in the mini LED market,” says a Fact.MR analyst.
Request Sample- https://www.factmr.com/connectus/sample?flag=S&rep_id=4969
Vertical Integration Stands as Prime Strategy
Key players in the mini LED market are focusing on capacity expansion and vertical integration. Furthermore, companies are expanding their market reach with the help of e-Commerce and numerous digital platforms to reach their target customers. In addition to the above strategies, companies are also collaborating with end-use industry players. Prominent players in the mini LED market include Cree. Vishay, Revolution Lighting Technologies, Inc., Orion Energy Systems, Inc, Deco Lighting, and Epistar.
11140 Rockville Pike
Rockville, MD 20852
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR here
News-ID: 2127637 • Views: 315
More Releases from Fact.MR
Biobanking Market to Soar to US$ 3.5 Bn by 2027, Notes Fact.MR
Biobanks are a type of repository which is used in the storage of biological samples, including human and animal tissues, which primarily find use in research applications. Consequently, the process of biobanking has become a very important part of medical research and has played a major role in modern science fields such as personalized medications, and genomics. The global biobanking market is expected to grow at a healthy CAGR of ~
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
More Releases for LED
LED Supply Chain
This report covers market size and forecasts of LED Supply Chain, including the following market information: Global LED Supply Chain Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Company, 2019-
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
Global LED Packaging Market
Global LED Packaging Market is expected to reach US$ 34.29 Bn by 2026 from US$ 18.2 Bn in 2016 at a CAGR of 6.54%. The factors such as increasing demand for high power grade LED packages for lighting applications, rising demand for LED packages in the display panel market, growing government initiatives and regulations for adoption of energy-efficient LED lighting and increasing demand for smart LED lighting solutions are responsible
LED Lighting Optics Market
“Global LED Lighting Optics Market Insights, Forecast to 2025” This report researches the worldwide LED Lighting Optics Market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategies. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor
LED Services Market - Energy Efficiency of LED Lighting Boosts Uptake
The world LED services market is projected to be highly competitive with many crucial market players vying to withstand the market competition with innovative product offerings and by improving the functionality of their already existing products. Sponsorship of industry events and various long term lighting contracts are some of the significant growth strategies for the success of this market. One of the significant growth promoting elements of the world market for