Press release
Mini LED Display Market 2025 : to Register a CAGR of 91.10% During 2020-2027
Rise in demand for mini LED backlight in the electronics industry, surge in demand for mini LED displays in the automotive industry, and growth in adoption of smartphones drive the growth of the global mini LED display market. However, high cost of mini LED display hinders the market growth. On the contrary, surge in investment in mini LED display technologies in Asia-Pacific would open lucrative opportunities for the market players in the future.
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The global mini LED display market is segmented on the basis of application, end use, and region. Based on application, the television segment held the lion's share in 2019, accounting for more than one-fourth of the market. However, the automotive display segment is expected to manifest the highest CAGR of 100.0% during the forecast period.
On the basis of end use, the consumer electronics segment dominated the market in terms of revenue in 2019, contributing to more than three-fifths of the market. However, the automotive segment is estimated to register the highest CAGR of 102.7% during the forecast period.
The global mini LED display market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2019, accounting for nearly two-fifths of the market. However, the market across Europe is estimated to register the highest CAGR of 100.2% during the forecast period.
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