Global LED Backlight Display Market by Type (Small-Sized LED Backlights Display, Mid-Sized LED Backlights Display, Large-Sized LED Backlights Display), By Application (Home, Communication) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global LED backlight display market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for large-sized LED backlights displays from the communication and home applications sectors. Additionally, the growing demand for small-sized and mid-sized LED backlights displays from various end user segments is also contributing to the growth of this market. Some of the major players operating in this market are Samsung Electronics Co., Ltd., LG Display Co., Ltd., Japan Display Inc., Tianma Microelectronics Co.



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Product Definition:

LED backlight display is a flat-panel display that uses light-emitting diodes (LEDs) as the primary light source. The LEDs are mounted behind the panel and emit light through the LCD, making it possible to create a thinner and lighter display than traditional CCFL displays. LED backlight displays also use less power, which can result in longer battery life for portable devices.

Small-Sized LED Backlights Display:

Small-sized LED backlights display is a new trend in the market and it has been gaining acceptance among customers due to its compact size, low power consumption, and high resolution. The small-sized LED backlights display are used for applications such as digital signage, kiosks or news tickers at railway stations or airports etc.

The key drivers of this market include increasing demand from commercial sector such as retail stores & offices which require large screen displays with short lifespan.

Mid-Sized LED Backlights Display:

Mid-sized LED backlights display is a type of LED display with a size between 4.3 inches to 7.0 inches, which can be easily mounted on stands or tables and used for commercial as well as consumer applications such as advertising boards, kiosks, retail displays and so on. The product has gained significant popularity in the Asia Pacific region due to its low cost and high performance compared to large-sized displays.

Application Insights:

The home application segment led the global LED backlight display market in 2017 and is projected to expand further over the next few years. The growth can be attributed to increasing demand for smart TVs, which offer enhanced picture quality and a more immersive experience. Furthermore, growing adoption of 4K resolution displays across home theaters will boost product demand over the forecast period.

Communication applications include digital signage & monitors, which are used at various locations such as airports, corporate offices and shopping malls among others. These displays are used for displaying information about flight arrivals/departures or other updates that require a lot of space on large panels with high clarity levels. Moreover, they also serve as digital posters that can be changed frequently based on new content thereby boosting product demand in communication applications over the forecast period.

Other prominent segments include retail stores (malls & supermarts) and transportation facilities (railway stations & bus stands).

Regional Analysis:

The North American regional market dominated the global LED backlight display market in 2017. The growth can be attributed to the presence of major players such as LG Display Co., Ltd.; Samsung LSI Corporation; and Sony Corporation. These companies are focusing on increasing their production capacities for small-sized, mid-sized, and large-sized LED displays respectively. For instance, in January 2018, LG Electronics Inc., announced about expanding its U.S.-based manufacturing plant for LCD panels that produce small and big screens by up to 40%.

Asia Pacific is expected to emerge as the fastest growing regional market over the forecast period owing to rising demand from China where consumers are adopting advanced technologies at a faster pace compared with other countries around the world.

Growth Factors:

Increasing demand for smartphones and tablets
Rising demand for OLED displays in consumer electronics products
Growing adoption of LED lighting in general illumination applications
Proliferation of large-sized displays and the development of ultra-high definition (UHD) technology
Emergence of new applications such as automotive head-up displays


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Scope Of The Report
Report Attributes
Report Details
Report Title
LED Backlight Display Market Research Report
By Type
Small-Sized LED Backlights Display, Mid-Sized LED Backlights Display, Large-Sized LED Backlights Display
By Application
Home, Communication
By Companies
Samsung, NICHIA, LG Innotek, Epistar, Lumileds, Seoul Semiconductor, TOYODA GOSEI, Unity Opto Technology, GENESIS Photonics, Shenzhen jufei optoelectronics, Samsung, Foshan NationStar Semiconductor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.

Global LED Backlight Display Market Report Segments:
The global LED Backlight Display market is segmented on the basis of:
Types
Small-Sized LED Backlights Display, Mid-Sized LED Backlights Display, Large-Sized LED Backlights Display
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home, Communication
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Samsung
NICHIA
LG Innotek
Epistar
Lumileds
Seoul Semiconductor
TOYODA GOSEI
Unity Opto Technology
GENESIS Photonics
Shenzhen jufei optoelectronics
Samsung
Foshan NationStar Semiconductor



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Highlights of The LED Backlight Display Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Small-Sized LED Backlights Display
Mid-Sized LED Backlights Display
Large-Sized LED Backlights Display
By Application:
Home
Communication
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the LED Backlight Display Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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