openPR Logo
Press release

Consumer Electronics Segment for Mini LEDs to Create a Value Opportunity of US$ 1 Bn by 2030-end

07-22-2021 05:46 PM CET | IT, New Media & Software

Press release from: Fact.MR

In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4969&utm_source=openpr&utm_medium=Prasad

Moreover, aspiring and affluent households have increased their spending on consumer electronics products and smart gadgets, which is set to drive demand from end-use industries in the 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.

For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=4969&utm_source=openpr&utm_medium=Prasad

• 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.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4969?utm_source=openpr&utm_medium=Prasad

Mini LED Market: Segmentation

Fact.MR has studied the mini LED market with detailed segmentation on the basis of LED type, end-use industry, and key regions.

LED Type
• Standard LEDs
• Low-current LEDs
• Ultra-high Output LEDs

End-use Industry
• Consumer Electronics
• Mobile Phones
• Laptops/Notebooks
• Televisions
• Others
• Automotive
• Aerospace & Defense
• Others

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/09/1997228/0/en/MEMS-Sensor-Market-to-Reach-US-50-Bn-in-2027-Heightening-Prospects-of-Smart-Devices-and-EVs-Favor-Growth-Concludes-Fact-MR-in-a-New-Study.html

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.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/1634/global-mini-led-market

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Consumer Electronics Segment for Mini LEDs to Create a Value Opportunity of US$ 1 Bn by 2030-end here

News-ID: 2335149 • Views:

More Releases from Fact.MR

Toy Drone Market Trends: CAGR of 8.6% Propels Growth to US$ 951.5 Million by 2033
Toy Drone Market Trends: CAGR of 8.6% Propels Growth to US$ 951.5 Million by 203 …
It is Anticipated That the Toy Drone Market Will Reach US$ 951.5 Million by 2033 At A CAGR of 8.6% | Fact.MR growing Children's Propensity for Playing with Drones for Recreation Will Support Market Expansion the global toy drone market is anticipated to reach US$ 417 million in 2023 and develop at a compound annual growth rate (CAGR) of 8.6% over the forecast period of 2023-2033, according to Fact.MR. Because
Waterjet Cutting Machine Market Overview: Reaching US$ 74.01 Billion by 2034
Waterjet Cutting Machine Market Overview: Reaching US$ 74.01 Billion by 2034
By the end of 2033, the Waterjet Cutting Machines Market is anticipated to be worth US $1.88 billion, with a compound annual growth rate (CAGR) of 4.8%. with a compound annual growth rate (CAGR) of 5.4%, the market for waterjet 3D cutting machines is projected to reach US$ 895.9 million. The German market is predicted to earn US$ 92.22 million in sales by the end of 2033, expanding at a
Smart E-Drive Market Projected to Hit $12 Billion by 2033 with 29.5% CAGR Growth
Smart E-Drive Market Projected to Hit $12 Billion by 2033 with 29.5% CAGR Growth
The global smart e-drive market (Mercado de e-Drive inteligente) is expected to reach $12 billion by 2033, growing at a 29.5% CAGR between 2023 and 2033. Smart e-drive is an improved form of an electric drive system that has been modified to make driving more comfortable and safer. In this example, the power source is a battery, which could be lead-based, lithium-ion, or solid-state; this battery allows energy to be transmitted
Global Form Fill and Sealing Equipment Market Projected to Reach $17.3 Billion by 2032
Global Form Fill and Sealing Equipment Market Projected to Reach $17.3 Billion b …
The global form fill and sealing (FFS) equipment market (Markt für Formfüll- und Verschließgeräte (FFS)) is valued at $9.3 billion in 2022 and is expected to grow to $17.3 billion by 2032. FFS equipment is a fully automatic machine that is used to boost the efficiency and accuracy of packaging and is one of the best options for packing various goods, such as liquid-filled bottles, containers, and powdered food products. A

All 5 Releases


More Releases for LED

Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips
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 Drivers Market 2017 Trends By Product(Buck-Boost LED Drivers, Multito …
Scope Of Global LED Drivers Market Research Report 2017 Global LED Drivers Market Report Based On Defination, Status and Forecast 2022 contains a market overview of the industry which talks about market Application, production, Consumption, revenue, Gross margin, sales volumes and figures, growth estimation in coming years, current industry leaders and their sales/revenue metrics. Request For Free Sample Report Here : https://www.reportsmonitor.com/request-sample/?post=489550 This report studies the global LED Drivers market, analyzes and
LED Flashlight Market 2017 - SureFire, LED Lenser, Pelican, NovaTac
Apex Research, recently published a detailed market research study focused on the "LED Flashlight Market" across the global, regional and country level. The report provides 360° analysis of "LED Flashlight Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LED Flashlight industry, and estimates the future trend of LED Flashlight market on
LED Light: 2017 Global LED Light Bulb Market Outlook
Orbis Research delivers key insights on the Global LED Light Bulb Market in a new report titled “Global LED Light Bulb Market Research Report 2017-2022 by Players, Regions, Product Types and Applications.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022). Description The Global LED Light Bulb Market report offers a comprehensive evaluation of the Global LED