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Mini LED market to reach $5.9B by 2025

October 17, 2019

The global mini LED market is expected to reach $5.9 billion by 2025, growing at a compound annual growth rate of 86.6% from 2019 to 2025, according to a report by Grand View Research Inc.

Digital signage, industrial displays and consumer electronics have been early adopters of this technology. The increasing demand for these mini LED displays is expected to continue to drive growth in the coming years, according to the report.

The automotive display application segment is expected to have the highest CAGR in the market from 2019 to 2025. The mini light emitting diodes have high contrast and brightness, which help provide clearer images for automotive displays, according to the report.