Press release
Mini LED Market Projected to Deliver Greater Revenues
Mini LED Market
In recent years, Mini LED has undeniably developed as a new segment where LED companies and panel manufacturers have been investing profoundly to make their foot mark in the industry. In the past, OLED displays had successfully conquered the back light display sector. Hence, the manufacturers that did not work on OLED displays have now shifted to their focus on the production of Mini LEDs—due to their highly competitive nature in terms of price and functions.
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What are Mini LEDs?
Mini LED displays have a structure that is similar to existingLED and LCD displays. Basically, they are a miniaturized version of traditional LEDs. For instance, a TV display with dozens to hundreds of regular LEDs may have thousands of mini-LEDs instead. A mini LED-based display has improved control over local dimming and enhanced contrast ratios. TVs that are built using mini LEDs are expected to compete with OLEDs in terms of color quality with great erlifespan, easy manufacturing, and reduced built-up cost. Today, after almost two years of research and development, Mini LED technology has been succeeded to openly compete with OLED technology in the display market.
Technological revolution brought by Mini LEDs
With the advancement in display technologies, the panel industry is seen tofocus on the quality and specifications of display panels to escalate the value of display products. This trend has encouraged the display panel manufacturers to move toward better features like light weight, better resolution, bendability, ultra-thinness, curved body, high contrast, high dynamic HDR, and wide color gamut.
Regardless of the promising features, Micro LED still encountered huge number of technical glitches. Yet, developments have not been made for some significant technologies and devices. In this situation, LED brands have leaped into develop Mini LED displays based on a comparative lyestablished transitional technology.
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At present, there are still some technical hurdles for Mini LEDs. For instance, the production rates of 6-inch PSS Nanoimprint Lithography and chips are required to be improved, the device used for for SMT-process is not accurate enough, and many more. These bottlenecks are expected to hamper the development of Mini LEDs, resulting in greaterprices and fewer applications in products. However, as Micro LED technology is not completely developed so far, and the OLED technology is highly saturated in the market, Mini LED technology is expected to be the key to next-generation displays.
Developments in the Mini LED market
There are a few companies currently working on mini-LED technology, but for the time being, only TCL, India’s most-popular Consumer Electronics brandhas developed mini-LED TVs which are available in the market. Up till now,the other companies that have shown off for Mini-LED displays are Sony and LG. This means that TCL’s dominance on this technology possibly won’t last much longer. With a substantiallead,
TCL is expected to be a front-runner in Mini-LED TVs in the coming future.
Additionally, Apple is apparently working on a number of devices with Mini-LED displays.The company is presently developing 6 mini-LED-support products including a 16-inch MacBook Pro, a 10.2-inch iPad, a 27-inch iMac Pro in 4Q20, a 12.9-inch iPad Pro, a 14.1-inch MacBook Pro (upgraded from 13.3-inch), and a 7.9-inch iPad mini in 2020.
Future scope of Mini LED market
As per the report by Research Dive, the global Mini LED market is estimated to grow at a healthy growth rate of 85.6% from 2019 to 2026. Factors such as improved lifespan of mini LEDs over OLEDs, better contrast ratios, and deeper blacks are projected to fuel the growth of market for the mini LED’s in the upcoming years.
As a final point, Micro LED and Mini-LED are two of the most promisingnovel display technologies to come along in next few years. Both of themare expected to have a significant impact on the TVs we will purchase in the future, but undoubtedly Mini-LED is going to be the next-generation technology.
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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