Skip to main content

How Mini LED Market will Boom After COVID-19 Breakout


 According to a study conducted by Research Dive, the global mini light emitting diode (LED) market forecast is expected to reach $3,342.6 million by the end of 2026, registering 85.6% CAGR over the forecast period.

The lower failure rate compared to traditional LEDs and the higher yield-rates compared to OLED’s is anticipated to drive the global mini LED market during the forecast period. However, the longer lifespan of the mini LED is another key factor that is expected to boost the global demand for mini LEDs over the forecasted timeframe.

Access to FREE Sample Report Here! @ https://www.researchdive.com/download-sample/178

The key factors hampering the growth of the mini LED market are the high cost associated with the Mini LEDs and the number of IC’s required to operate the mini LED’s are more in comparison to OLED and QLED; these factors are expected to restrain the market growth in the near future. 

The growing demand of mini LEDs for applications such as in PC monitors, televisions and automotive industry is expected to create better growth opportunities in the near furture. The growing demand is majorly due to the various properties exhibited by mini LEDs such as better contrast ratios and less power consumption.

On the basis of application, the global mini LED marketis categorized into television,consumer electronics, automotive, mobile phone, laptop/notebook, and others. Among these, the mini LED market for television application is expected to boost the global market reach to $585.0 million by 2026, growing at a CAGR of 86.3.This growth is majorly due to the various factors exhibited by the mini LED’s such as the enhanced display and better life span compared to other LEDs that are being used currently.

Speak to our Expertise before buying Report@ https://www.researchdive.com/connect-to-analyst/178

The global mini LED market has been classified regionally into North America, Europe, Asia-Pacific, and LAMEA. The North America regionheld the largest market valueof $6.6 million in 2018,and is anticipated to reach $902.5 million by 2026, at a CAGR of 84.8% during the forecast period.The Asia-Pacific mini LED market is expected to experiencea swift growth during the forecast period growing at a CAGR of 86.1%.

Top gaining participants of global mini LED market are AU Optronics Corp., BOE Technology Group Co., Ltd., Unity Opto Technology Co., Ltd., EPISTAR Corporation, Foshan Nation Star Optoelectronics Co. Ltd., Everlight Electronics Co. Ltd., Harvatek Corporation, Japan Display, Inc., Innolux Corporation, Tianma Microel ectronics Co., Ltd., among others. These key participants are concentrating on product improvements, mergers & acquisitions, collaborations and new product launches to gain majority of the market share in the overall mini LED industry.

Request for this Report Customization & Get 10% Discount on this Report@ https://www.researchdive.com/request-for-customization/178

Comments

Popular posts from this blog

Collaborative Robot (Cobot) Market Insights Deep Analysis 2022-2030

  With the advancements in technology, robotics is becoming available at a price that suits the pockets of even smaller as well as bigger companies. All thanks to the development of low-cost components, which have paved way for the   upsurge of the collaborative robots or cobots  .Collaborative robots are intended to collaborate with humans at work sites, and hence making automation a trouble-free job for businesses of all sizes. By now, cobots have been seen as a game-changer for a wide variety of applications. W hy cobots over traditional robots? The new robotics technology is outdoing the weighty, daunting robots usually locked in the cages for security reasons. Now, it’s time to make use of cobots in those heavy industrial tasks! These robots are quite affordable, safe, and flexible to deploy. They are programmed to work in collaboration with humans and not under humans—unlike traditional robots. With these advanced-automated robots, you can forget the cages and make way for proper

Contactless Payment Market size share growth analysis market demand

  Contactless payment, also called as a tap-and-go system is a secure mode where the transactions are done using technologies such as NFC (near field communication), RFID (radio frequency identification), infrared, and bluetooth. Contactless payment is hassle-free and convenient for customers as it takes only one-tenth of the time taken by the old-style electronic transaction.Contactless payment is becoming popular owing to its benefits such as secure and fast payments without any need for cash or identifying details. Initially, these type of payments or cards were used for the purpose oftravelling tickets only. But today, this technology has evolved and is helping customers to make payments for almost anything. However, the permissible amount for a contactless payment varies by country and by the bank. Access to PDF Sample Report Here! @  https://www.researchdive.com/download-sample/181 Recent Developments in the Contactless Payment Industry As per a Research Dive blog,  the digital e

Development: Aerospace 3D Printing Market Strategy Planning by Top Manufacturers

  Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive,  aerospace 3D printing market  forecast shall cross  $5,933.4 million by 2026 , growing at a  CAGR of 26.8%  during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance,   National Aerospace Technology Exploitation Programme grants £140,000 funds for UK based company Sigma Components