Mini LED Market Estimated At USD 5.9 Billion By 2025: Grand View Research Inc.
San Francisco, 2 April 2020: The Report Mini LED Market Size, Share & Trends Analysis Report By Application (Automotive, Consumer Electronics (Mobile Phone, Laptop, Television)), By Region, And Segment Forecasts, 2019 - 2025 The global mini LED market size is expected to reach USD 5.9 billion by 2025, at a CAGR of 86.6% over the forecast period, according to a new report by Grand View Research, Inc. Amidst rapid development of Organic Light-Emitting Diodes (OLEDs), mini LEDs have gradually forayed into the industry to bridge the application and technology gap between micro LEDs, which have not been able to overcome their inherent technical hurdles, and traditional LEDs. They are being integrated into backlight modules owing to their increased color gamut and brightness level, lower response time, and improved contrast ratio. Increasing demand for miniaturized display in consumer electronics devices is expected to positively impact industry growth over the next few y