Apple plans to launch a new redesigned iPad Mini in the fall.
It reportedly will feature smaller bezels, a larger display, faster performance, and a design similar to the new iPad Air from last year. In order to have smaller bezels they'll ditch the home button and have a side-mounted power button with integrated Touch ID. This would be the Mini's most significant redesign to date, in the 9 years since it was launched. Link
Photo credit: Apple, iPad Mini 5