Brand Story
31 May 2023, 06:43 GMT+10
The global Standard LED(light emitting diode) market is expected to grow rapidly in the coming years, owing to the increasing popularity of LED TVs and the introduction of new market prospects in the Asia Pacific region. East and South Asia have a more condensed small LED market.
The main factors driving the market are consumer electronics sector trends, such as rising demand for LED-based TVs, laptops, and smartphones. The ability of mini LEDs to provide higher contrast ratios, higher brightness, improved power efficiency, and less burn-in facilitates numerous growth opportunities. Furthermore, the growing use of LED screens in the automotive and defence industries has opened up new markets for the mini LED industry. NGN stands for Next Generation Network.
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Fact.MR has studied the mini LED market with detailed segmentation on the basis of LED type, end-use industry, and key regions.
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