Mini LED Market Manufacturers, Segments, Opportunities and Regional Forecasts 2020 to 2030
Verfasser: ashwani_kailiya on Tuesday, 29 September 2020The mini LED market is projected to record at a dexterous CAGR of 22.5% through the period of forecasting between 2020 and 2030. The growth of the market is primarily attributed to the growing popularity of OLED TVs and preference towards smart screens with better performance and increased lifecycle. However, the market demand is hugely impacted by the COVID-19 pandemic, on account of diminished manufacturing by end-use sectors and a slump in demand from consumers.
"The mini LED market will foresee strong growth in the approaching years, due to growing smart TV popularity in Europe, North America, and also rising new markets in the APAC region," says the Fact.MR report.
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Mini LED Market - Key Takeaways
By LED type, the ultra-high output mini LEDs will be gaining traction, holding 1/3rd of the overall market through 2030.
Based on the end-use industry, the consumer electronic segment will remain lucrative, recording a CAGR of 23% throughout 2020-2030.
In terms of regions, East Asia will lead the mini LEDs owing to the robust growth of the semiconductor industry in the region.
Europe will be generating an absolute $ prospect of US$ 90 Million through 2030-end.
Mini LED Market - Driving Factors