Market Overview:
The global light guide plate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LED-backlit LCD TVs and rising adoption of smart TVs. In terms of type, the edge LGP segment is expected to hold a major share in the global light guide plate market during the forecast period. This can be attributed to its low manufacturing cost and easy installation process as compared to other types of LGP panels. In terms of application, the < 30 inch TV segment is projected to hold a major share in terms of revenue in 2018, followed by 30-50 inch TV and 50-80 inch TV segments respectively.
Product Definition:
A light guide plate is a transparent or translucent optical component made from plastic or glass that is used to direct light. It is often used in back-lit LCD displays and LED lighting. The light guide plate helps to evenly distribute the light across the surface of the display or lamp, which results in a brighter and more uniform image or illumination.
Edge LGP:
Edge LGP is a new technology that has evolved from LED lighting and Light Guide Plate (LGP). It is an innovative approach to distribute light in a uniform manner over large areas. Edge LGP provides high lumen maintenance throughout the life of the product, thus providing higher return on investment compared to traditional lighting solutions.
Bottom LGP:
Bottom LGP is Light Guide Plate used in LED lighting. It's main function is to support light guide wire and protect it from damage by providing a smooth surface on which the light can travel. Bottom LGP are available in different materials such as plastic, aluminum and steel; depending upon the application type of LED lighting system.
Application Insights:
Based on application, the market is segmented into 30-50 inch TV, 50-80 inch TV and others. The 30-50 inch TVs held the largest share in 2017 owing to increasing demand for smart UHD TVs with enhanced picture quality. Furthermore, growing penetration of LED technology in this category is expected to drive product demand over the forecast period.
The 50-80 inch LGP market is projected to witness significant growth over the forecast period owing to rising adoption of large screen Tv (LSVT) by major home entertainment manufacturers including Sony Corporation and Samsung Electronics Co., Ltd. In addition, technological advancements such as 4K resolution support and High Dynamic Range (HDR) are further expected to propel industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global light guide plate market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing adoption of flat panel TVs and rising demand for LED lighting across this region. The growing popularity and high demand for led based lightings are expected to drive the regional product demand over the forecast period.
Growth Factors:
- Increasing demand for automobiles
- Growing demand from the medical sector
- Rising awareness about the benefits of light guide plates
- Technological advancements in the manufacturing process of light guide plates 5. Growing popularity of LED lighting
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Guide Plate Market Research Report
By Type
Edge LGP, Bottom LGP, Printed LGP, Non-printed LGP, Injection molding LGP
By Application
< 30 inch TV, 30-50 inch TV, 50-80 inch TV
By Companies
Mitsubishi Rayon, Chi Mei, Darwin, Fengsheng, Sumitomo, Asahi Kasei, Kuraray, Seronics, S-Polytech, GLT, Entire
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Light Guide Plate Market Report Segments:
The global Light Guide Plate market is segmented on the basis of:
Types
Edge LGP, Bottom LGP, Printed LGP, Non-printed LGP, Injection molding LGP
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
< 30 inch TV, 30-50 inch TV, 50-80 inch TV
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:
- Mitsubishi Rayon
- Chi Mei
- Darwin
- Fengsheng
- Sumitomo
- Asahi Kasei
- Kuraray
- Seronics
- S-Polytech
- GLT
- Entire
Highlights of The Light Guide Plate 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:
- Edge LGP
- Bottom LGP
- Printed LGP
- Non-printed LGP
- Injection molding LGP
- By Application:
- < 30 inch TV
- 30-50 inch TV
- 50-80 inch TV
- 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 Light Guide Plate 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
Frequently Asked Questions?
Light guide plates are a type of light fixture that directs light downward. They are often used in ceilings and walls to create a more even distribution of light.
Some of the key players operating in the light guide plate market are Mitsubishi Rayon, Chi Mei, Darwin, Fengsheng, Sumitomo, Asahi Kasei, Kuraray, Seronics, S-Polytech, GLT, Entire.
The light guide plate market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Light Guide Plate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Light Guide Plate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Light Guide Plate Market - Supply Chain
4.5. Global Light Guide Plate Market Forecast
4.5.1. Light Guide Plate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Light Guide Plate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Light Guide Plate Market Absolute $ Opportunity
5. Global Light Guide Plate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Light Guide Plate Market Size and Volume Forecast by Type
5.3.1. Edge LGP
5.3.2. Bottom LGP
5.3.3. Printed LGP
5.3.4. Non-printed LGP
5.3.5. Injection molding LGP
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Light Guide Plate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Light Guide Plate Market Size and Volume Forecast by Application
6.3.1. < 30 inch TV
6.3.2. 30-50 inch TV
6.3.3. 50-80 inch TV
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Light Guide Plate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Light Guide Plate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Light Guide Plate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Light Guide Plate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Light Guide Plate Demand Share Forecast, 2019-2029
9. North America Light Guide Plate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Light Guide Plate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Light Guide Plate Market Size and Volume Forecast by Application
9.4.1. < 30 inch TV
9.4.2. 30-50 inch TV
9.4.3. 50-80 inch TV
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Light Guide Plate Market Size and Volume Forecast by Type
9.7.1. Edge LGP
9.7.2. Bottom LGP
9.7.3. Printed LGP
9.7.4. Non-printed LGP
9.7.5. Injection molding LGP
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Light Guide Plate Demand Share Forecast, 2019-2029
10. Latin America Light Guide Plate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Light Guide Plate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Light Guide Plate Market Size and Volume Forecast by Application
10.4.1. < 30 inch TV
10.4.2. 30-50 inch TV
10.4.3. 50-80 inch TV
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Light Guide Plate Market Size and Volume Forecast by Type
10.7.1. Edge LGP
10.7.2. Bottom LGP
10.7.3. Printed LGP
10.7.4. Non-printed LGP
10.7.5. Injection molding LGP
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Light Guide Plate Demand Share Forecast, 2019-2029
11. Europe Light Guide Plate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Light Guide Plate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Light Guide Plate Market Size and Volume Forecast by Application
11.4.1. < 30 inch TV
11.4.2. 30-50 inch TV
11.4.3. 50-80 inch TV
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Light Guide Plate Market Size and Volume Forecast by Type
11.7.1. Edge LGP
11.7.2. Bottom LGP
11.7.3. Printed LGP
11.7.4. Non-printed LGP
11.7.5. Injection molding LGP
11.8. Basis Point Shar (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Light Guide Plate Demand Share, 2019-2029
12. Asia Pacific Light Guide Plate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Light Guide Plate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Light Guide Plate Market Size and Volume Forecast by Application
12.4.1. < 30 inch TV
12.4.2. 30-50 inch TV
12.4.3. 50-80 inch TV
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Light Guide Plate Market Size and Volume Forecast by Type
12.7.1. Edge LGP
12.7.2. Bottom LGP
12.7.3. Printed LGP
12.7.4. Non-printed LGP
12.7.5. Injection molding LGP
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Light Guide Plate Demand Share, 2019-2029
13. Middle East & Africa Light Guide Plate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Light Guide Plate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Light Guide Plate Market Size and Volume Forecast by Application
13.4.1. < 30 inch TV
13.4.2. 30-50 inch TV
13.4.3. 50-80 inch TV
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Light Guide Plate Market Size and Volume Forecast by Type
13.7.1. Edge LGP
13.7.2. Bottom LGP
13.7.3. Printed LGP
13.7.4. Non-printed LGP
13.7.5. Injection molding LGP
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Light Guide Plate Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Light Guide Plate Market: Market Share Analysis
14.2. Light Guide Plate Distributors and Customers
14.3. Light Guide Plate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi Rayon
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chi Mei
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Darwin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fengsheng
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sumitomo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Asahi Kasei
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kuraray
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Seronics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. S-Polytech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GLT
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Entire
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
