Australia markets closed
  • ALL ORDS

    7,255.80
    +16.40 (+0.23%)
     
  • AUD/USD

    0.7758
    -0.0027 (-0.34%)
     
  • ASX 200

    7,023.60
    +9.40 (+0.13%)
     
  • OIL

    65.36
    -0.01 (-0.02%)
     
  • GOLD

    1,850.10
    +12.00 (+0.65%)
     
  • BTC-AUD

    58,030.64
    -5,951.07 (-9.30%)
     
  • CMC Crypto 200

    1,251.80
    -106.76 (-7.86%)
     

Mini LED Display Market to Garner $1.90 Billion By 2027: Allied Market Research

Allied Market Research
·4-min read

Rise in demand for mini LED backlight in the electronics industry and growth in adoption of smartphones drive the growth of the global mini LED display market. The market across Asia-Pacific held the largest share in 2019, accounting for nearly two-fifths of the market. Due to the Covid-19 outbreak and followed pandemic, the production facilities of mini LED displays were closed.

Portland, OR, April 20, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global mini LED display market was pegged at $20.19 million in 2019, and is estimated to reach $1.90 billion by 2027, growing at a CAGR of 91.1% from 2020 to 2027.

Rise in demand for mini LED backlight in the electronics industry, surge in demand for mini LED displays in the automotive industry, and growth in adoption of smartphones drive the growth of the global mini LED display market. However, high cost of mini LED display hinders the market growth. On the contrary, surge in investment in mini LED display technologies in Asia-Pacific would open lucrative opportunities for the market players in the future.

Get Instant Access – Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/10925

COVID-19 Scenario:

  • Due to the Covid-19 outbreak and followed pandemic, the production facilities of mini LED displays were closed. The slowdown and unavailability of the workforce across the globe further decreased production.

  • The travel bans and facility closures kept workers out of factories, creating a huge gap in demand-supply.

  • Asia is the largest producer and exporter of various products that are needed for automotive and electronics. However, the impact of Covid-19 outbreak in the region hampered the supply chain and production in 2020.

  • However, the demand for mini LED displays is estimated to improve post-pandemic.

The global mini LED display market is segmented on the basis of application, end use, and region. Based on application, the television segment held the lion’s share in 2019, accounting for more than one-fourth of the market. However, the automotive display segment is expected to manifest the highest CAGR of 100.0% during the forecast period.

Enquire For More: https://www.alliedmarketresearch.com/purchase-enquiry/10925

On the basis of end use, the consumer electronics segment dominated the market in terms of revenue in 2019, contributing to more than three-fifths of the market. However, the automotive segment is estimated to register the highest CAGR of 102.7% during the forecast period.

The global mini LED display market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2019, accounting for nearly two-fifths of the market. However, the market across Europe is estimated to register the highest CAGR of 100.2% during the forecast period.

Get detailed COVID-19 impact analysis on the Mini LED Display Market: https://www.alliedmarketresearch.com/request-for-customization/10925

The global mini LED display market report includes an in-depth analysis of the key market players such as Everlight Electronics Co. Ltd., Japan Display, Inc., AU Optronics Corp, EPISTAR Corporation, BOE Technology Group Co, Innolux Corporation, Lextar Electronics Corporation, San’an Optoelectronics, VerLASE Technologies LLC., and Harvatek Corporation.

Access Avenue (Premium on-demand, subscription-based pricing model) @ https://www.alliedmarketresearch.com/Avenue-Membership-details

Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

CONTACT: Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com