Mini LED Market to Expand at a Stellar CAGR of 22.5% During 2020-2030

The mini LED market is projected to record at a dexterous CAGR of 22.5% through the period of forecasting between 2020 and 2030, according to new research.

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.

In terms of regions, East Asia will lead the mini LEDs owing to the robust growth of the semiconductor industry in the region.