Global Mini LED Market Predicted to Gather $10,931.10 Million by 2030

Research Dive has added a new report to its offering titled, "Mini LED Market by Application (Consumer Electronics, Mobile Phone, Laptop, Television, Automotive, and Others) and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022–2030.

According to the report, the global mini LED market is predicted to grow at a noteworthy CAGR of 44.48% in the 2022-2030 timeframe, thereby gathering $10,931.10 million by 2030.

Mini LEDs are increasingly being used in consumer electronic goods like TVs, smartphones, etc. due to various advantages over LCDs such as greater control over light, illuminating better contrast, etc. This growing adoption of mini LED in consumer electronics to improve their performance is predicted to be the primary growth driver of the mini LED market. Moreover, increasing demand for gaming desktop monitors is further expected to propel the market in the forecast period.

The biggest boost to the market is anticipated to be provided by the growing demand for consumer electronic goods which give high performance.