Mini LED Market Size to Reach USD 10.19 Billion by 2032, Driven by Increasing Adoption in Display Technology and Enhanced Energy Efficiency | Research by SNS Insider [Yahoo! Finance]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Yahoo! Finance
Austin, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Market Size & Growth Analysis: The SNS Insider report indicates that, “The Mini LED Market Size was valued at USD 5.96 Billion in 2023 and is projected to reach USD 10.19 Billion by 2032, growing at a robust CAGR of 6.16% over the forecast period 2024-2032.” Mini LED Market Growth Driven by Digitalization and Rising Demand for High-Performance Displays The Mini LED market growth aligns closely with trends in digitalization and consumer demand for advanced display technologies. In the U.S., automotive display module shipments reached over 450,000 units in 2023, with manufacturers like Ford, Jeep, and GM adopting Mini LED-backlit systems for dashboards, CIDs, and entertainment displays. These shipments are expected to nearly double in 2024, approaching 1 billion units as the technology matures. Mini LEDs are pivotal in advancing energy-efficient, miniaturized lighting solutions, widely adopted in automotive and smart lighting applications
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LPL
Sec Filings
- 11/22/24 - Form 6-K
- 11/14/24 - Form 6-K
- 10/23/24 - Form 6-K
- LPL's page on the SEC website