Mini LED Display Market Worth US$ 9,343.0 Million by 2027

The Global Mini LED Display market was valued at US$ 290.8 Million in 2021 and is forecasted to reach US$ 9,343.0 Million by 2027. The market is expected to register a CAGR of 78.3% during the forecast period 2022-2027.

Mini LED is an advancement in LCD tech and mini-LED technology is most commonly found in televisions. The need for mini-LEDs is also growing in the fields of electronics applications such as gaming computers and monitors, as well as niche items such as high-end televisions that come with high contrast, high resolution, and saturation.

actor such as rising demand for miniaturized display in consumer electronics devices and high dynamic range, power-saving capability & the lower failure rate compared to traditional LEDs drives the growth in the global mini-LED display market over the forecast period. The growing need for mini-LED displays in consumer electronics products as compared to regular LEDs is mainly due to its wide dynamic range, power-saving capability, and lower failure rate of tiny LEDs. Moreover, the application of mini-LEDs in smartphones creates a lucrative growth opportunity in the market.

However, the high cost of mini-LEDs and high-power consumption in mini-LEDs inhibits the market growth over the forecast period. The increasing investment in the deployment of Mini LED technology is increasing the cost of mini-LEDs.