April 15 Update – Mini LED TVs are experiencing explosive growth as a leader in the mid-to-high-end television market. According to RUNTO data, global Mini LED TV shipments reached 7.85 million units in 2024, an 84.7% increase from 4.25 million units in 2023.
China Leads the Charge
In China alone, Mini LED TV shipments surged to 4.16 million units—a staggering 352.2% year-over-year jump. Market penetration hit 11.6%, up 9.1 percentage points from 2023.
Future Growth Forecast
With government subsidy incentives, RUNTO predicts China’s Mini LED TV market will expand into budget segments by 2025. Shipments are expected to reach 9.23 million units (+122% YoY), with penetration exceeding 25%. Globally, Mini LED TV shipments will grow 70.6% to over 13 million units.
Price Drops Drive Adoption
The key driver? Plummeting costs. For example, the average price of a 65-inch Mini LED TV dropped from over $1,100 to around $550 in just three years—cutting costs in half and accelerating mainstream adoption.
Key takeaways:
- Mini LED is becoming affordable
- China’s market is growing fastest
- Global expansion continues in 2025
China Leads the Charge
In China alone, Mini LED TV shipments surged to 4.16 million units—a staggering 352.2% year-over-year jump. Market penetration hit 11.6%, up 9.1 percentage points from 2023.
Future Growth Forecast
With government subsidy incentives, RUNTO predicts China’s Mini LED TV market will expand into budget segments by 2025. Shipments are expected to reach 9.23 million units (+122% YoY), with penetration exceeding 25%. Globally, Mini LED TV shipments will grow 70.6% to over 13 million units.
Price Drops Drive Adoption
The key driver? Plummeting costs. For example, the average price of a 65-inch Mini LED TV dropped from over $1,100 to around $550 in just three years—cutting costs in half and accelerating mainstream adoption.
Key takeaways:
- Mini LED is becoming affordable
- China’s market is growing fastest
- Global expansion continues in 2025
