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[English Market Research Report] Global Market for Small LED Lights

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The global market for mini LEDs is expected to see significant growth at a CAGR of 12.4% during the forecast period (2023-2030). Mini LEDs enable a slim design by using micrometer-sized LED lights, eliminating the need for backlights and color filters used in LCD LED displays. Mini LEDs are commonly used in small electronic devices such as calculators, mobile phones, and remote controls. The evolution of LED displays is a key factor supporting the growth of the global market. According to the International Energy Agency (IEA), fluorescent lights will be phased out by July 2023, making LEDs the dominant lighting technology. Approximately 50.0% of global residential lighting sales utilize LED technology.

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