Market Overview:
The global mini and micro LED market is expected to grow at a CAGR of over 36% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mini and micro LEDs in consumer electronics, automotive, and other applications. Mini and micro LEDs are used in various applications such as displays, backlights, lighting fixtures, signage, automotive head-up displays (HUDs), augmented reality (AR), virtual reality (VR), and others. These LEDs are smaller in size as compared to traditional LEDS and offer high brightness levels with low power consumption. They are also durable and have a longer life span as compared to traditional LEDs.
Product Definition:
Mini LED is a small form factor LED package that typically has a diameter of 2-3mm and a height of 1-2mm. It offers high brightness, superior color Gamut, and very low power consumption.
Micro LED is an even smaller form factor LED package that typically has a diameter of 100 micrometers or less and a height of 10 micrometers or less. It offers the highest brightness, widest color Gamut, and lowest power consumption.
Micro LED:
Micro LED is a new technology that was introduced in 2015 with the first commercial product launch in 2016. The growth factor for this market is still under observation but it has been observed that the number of micro-LED applications will be more than thousand by 2020. Micro LEDs are smaller than nano LEDs, have higher quantum efficiency and better optical properties as compared to conventional LEDs.
Mini LED:
Mini LED is a new product category, which has been introduced to address the growing demand for high brightness LEDs. Miniature light-emitting diodes are being used in various applications including data storage, lighting and display, wireless communication modules, and solar cells. The market size of global LED products was estimated at USD 15 billion in 2016; it is expected to reach USD 25 billion by 2020 with significant growth coming from China and Japan.
Application Insights:
The consumer electronics segment accounted for the largest revenue share of over 50% in 2017. The growth is attributed to rising demand for LED-based televisions, smartphones, wearable devices and other electronic products. Miniaturization of components has led to an increase in their production volumes which eventually boosts up product demand.
LEDs are used as a replacement for traditional light sources such as incandescent and fluorescent lamps due to their ability to consume less power, deliver better quality light and have a longer life span than the alternatives. This trend is expected to drive the adoption of LEDs across various end-use applications including automotive headlamps & taillamps, advertising displays at railway stations or airports etc., digital signage applications etc., industrial equipment like medical diagnostics laboratories or oil & gas pipeline monitoring systems etc., decorative lighting solutions inside offices buildings or shopping malls among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region’s growth can be attributed to rising disposable income, increasing adoption of LED lighting in major economies such as China and India, and growing demand for wearable devices. In 2016, Asia Pacific accounted for a revenue share of more than 30% in global sales owing to high product demand from countries like Japan and South Korea.
The miniaturization trend has led to an increase in the production capacity of LEDs across Asia Pacific thereby driving industry growth over the forecast period.
Growth Factors:
- Increasing demand for displays in portable devices: The mini and micro LED market is expected to benefit from the increasing demand for displays in portable devices such as smartphones, tablets, and wearables. This is because these LEDs offer several advantages over traditional LCDs and OLEDs, including high brightness, contrast ratio, viewing angle, and color saturation.
- Rising demand for transparent displays: Another key growth driver for the mini and micro LED market is the rising demand for transparent displays. These displays are finding applications in a number of industries such as retail signage, automotive head-up display (HUD), medical diagnostics & treatment equipment etc., thereby boosting the overall market growth.
- Growing popularity of AR/VR headsets: The increasing popularity of augmented reality (AR) and virtual reality (VR) headsets is also expected to drive the growth of the mini and micro LED market during the forecast period 2019-2025. These headsets require high-resolution miniature LEDs to provide an immersive experience to users which is currently not possible with other display technologies available in the market today .
Scope Of The Report
Report Attributes
Report Details
Report Title
Mini and Micro LED Market Research Report
By Type
Micro LED, Mini LED
By Application
Consumer Electronics, Automotive, Others
By Companies
Epistar, Lextar, Innolux, Apple, Osram, Plessey, Nichia, PlayNitride, Epileds Technologies, Rohinni, SemiLEDS, eLux, Samsung, Sony, LG, AU, JBD, Lumens, VueReal, Lumiode, Optovate, Optronics, Mirko Mesa, Xiamen Changelight
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Mini and Micro LED Market Report Segments:
The global Mini and Micro LED market is segmented on the basis of:
Types
Micro LED, Mini LED
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Epistar
- Lextar
- Innolux
- Apple
- Osram
- Plessey
- Nichia
- PlayNitride
- Epileds Technologies
- Rohinni
- SemiLEDS
- eLux
- Samsung
- Sony
- LG
- AU
- JBD
- Lumens
- VueReal
- Lumiode
- Optovate
- Optronics
- Mirko Mesa
- Xiamen Changelight
Highlights of The Mini and Micro LED Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Micro LED
- Mini LED
- By Application:
- Consumer Electronics
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mini and Micro LED Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mini and Micro LED are terms used to describe LEDs that are smaller than traditional LEDs, but still produce a bright light. Mini LEDs are typically about the size of a grain of rice, while micro LED lights can be as small as a pencil tip. These smaller LEDs offer several advantages over their larger counterparts, including reduced weight and size, improved battery life, and decreased cost.
Some of the key players operating in the mini and micro led market are Epistar, Lextar, Innolux, Apple, Osram, Plessey, Nichia, PlayNitride, Epileds Technologies, Rohinni, SemiLEDS, eLux, Samsung, Sony, LG, AU, JBD, Lumens, VueReal, Lumiode, Optovate, Optronics, Mirko Mesa, Xiamen Changelight.
The mini and micro led market is expected to register a CAGR of 36%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mini and Micro LED Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mini and Micro LED Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mini and Micro LED Market - Supply Chain
4.5. Global Mini and Micro LED Market Forecast
4.5.1. Mini and Micro LED Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mini and Micro LED Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mini and Micro LED Market Absolute $ Opportunity
5. Global Mini and Micro LED Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mini and Micro LED Market Size and Volume Forecast by Type
5.3.1. Micro LED
5.3.2. Mini LED
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mini and Micro LED Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mini and Micro LED Market Size and Volume Forecast by Application
6.3.1. Consumer Electronics
6.3.2. Automotive
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mini and Micro LED Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mini and Micro LED Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mini and Micro LED Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mini and Micro LED Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mini and Micro LED Demand Share Forecast, 2019-2026
9. North America Mini and Micro LED Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mini and Micro LED Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mini and Micro LED Market Size and Volume Forecast by Application
9.4.1. Consumer Electronics
9.4.2. Automotive
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mini and Micro LED Market Size and Volume Forecast by Type
9.7.1. Micro LED
9.7.2. Mini LED
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mini and Micro LED Demand Share Forecast, 2019-2026
10. Latin America Mini and Micro LED Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mini and Micro LED Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mini and Micro LED Market Size and Volume Forecast by Application
10.4.1. Consumer Electronics
10.4.2. Automotive
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mini and Micro LED Market Size and Volume Forecast by Type
10.7.1. Micro LED
10.7.2. Mini LED
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mini and Micro LED Demand Share Forecast, 2019-2026
11. Europe Mini and Micro LED Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mini and Micro LED Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mini and Micro LED Market Size and Volume Forecast by Application
11.4.1. Consumer Electronics
11.4.2. Automotive
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mini and Micro LED Market Size and Volume Forecast by Type
11.7.1. Micro LED
11.7.2. Mini LED
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections y Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mini and Micro LED Demand Share, 2019-2026
12. Asia Pacific Mini and Micro LED Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mini and Micro LED Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mini and Micro LED Market Size and Volume Forecast by Application
12.4.1. Consumer Electronics
12.4.2. Automotive
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mini and Micro LED Market Size and Volume Forecast by Type
12.7.1. Micro LED
12.7.2. Mini LED
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mini and Micro LED Demand Share, 2019-2026
13. Middle East & Africa Mini and Micro LED Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mini and Micro LED Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mini and Micro LED Market Size and Volume Forecast by Application
13.4.1. Consumer Electronics
13.4.2. Automotive
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mini and Micro LED Market Size and Volume Forecast by Type
13.7.1. Micro LED
13.7.2. Mini LED
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mini and Micro LED Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mini and Micro LED Market: Market Share Analysis
14.2. Mini and Micro LED Distributors and Customers
14.3. Mini and Micro LED Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Epistar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lextar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Innolux
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Apple
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Osram
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Plessey
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nichia
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. PlayNitride
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Epileds Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Rohinni
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SemiLEDS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. eLux
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Samsung
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sony
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. LG
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. AU
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. JBD
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Lumens
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. VueReal
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Lumiode
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook