LED & OLED Displays and Lighting Products Market: By Type, By Application and Geography
LED & OLED Displays and Lighting Products Market: By Type, By Application and Geography
LED & OLED Displays and Lighting Products Market was valued at US$ 800 million in 2022 and is poised to grow at a significant CAGR of 18.2% from 2023-2029. Mobile Displays accounted for larger revenue share in global market with a significant CAGR and is expected to grow over the forecast years. It is a cost effective solution for all lighting as well as other application purposes such as backlighting in mobile devices and large screen displays and many others. OLED displays can be used as a transparent screen, which can serve as a mobile screen as well as a computer/laptop screens. These displays can also be implemented as car windshields for navigating while driving. Moreover, the growing demand for eco-friendly products may act as a major growth opportunity for this industry. Durability and being light in weight are propelling the demand for OLED & OLED displays and lighting products. Global LED & OLED displays and lighting products market report gives comprehensive outlook on LED & OLED displays and lighting products across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global LED & OLED displays and lighting products.
Study Period
2024-2030Base Year
2023CAGR
18.2%Largest Market
Asia PacificFastest Growing Market
North America
Some of the key factors fueling the market growth include introduction of off-grid solar powered television for the rural areas, growing subscriber base for smartphones and increasing consumer spending on television services. In addition, growing acceptance of LED in commercial and residential sectors, increasing demand for flexible display products and government regulations such as mandating OLED and LED lighting in public places are other factors responsible for the market growth. However, technological limitations and lack of awareness for energy-efficient products are inhibiting the market growth.
Asia Pacific accounted for larger revenue share in global market with a significant CAGR and is expected to grow over the forecast years. Factors such as the highest concentration of consumer electronic device manufacturers and the growing adoption of smartphones and wearable devices are contributing to the organic light emitting diode growth in this region. The infrastructural improvement along with the mounting number of sport events, especially in India also adds to the market strength in the region. North America held considerable market share during estimated period owing to widespread uptake of LED and OLED displays in the consumer electronic industry. With widely recognized companies present in the region, frequent technical enhancements and the consequent fall in the prices of LED and OLED displays also benefit the regional market to a large extent.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 800 million |
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Market CAGR |
18.2% |
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By Type |
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By Application |
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By Region |
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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The LED & OLED displays and lighting products market size was valued at US$ 800 million in 2022.
The LED & OLED displays and lighting products market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The LED & OLED displays and lighting products market key players Cree, LG Display, Sharp, Samsung, Eaton, GE, Luceco, Daktronics, OSRAM, Barco, LED Lighting, Eagle Lighting
| 1.Executive Summary |
| 2.Global LED & OLED Displays and Lighting Products Market Introduction |
| 2.1.Global LED & OLED Displays and Lighting Products Market - Taxonomy |
| 2.2.Global LED & OLED Displays and Lighting Products Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global LED & OLED Displays and Lighting Products Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global LED & OLED Displays and Lighting Products Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global LED & OLED Displays and Lighting Products Market By Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Mobile Displays |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Consumer TV Displays |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Outdoor LED Displays |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global LED & OLED Displays and Lighting Products Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Smartphone |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Television |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Tablet |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Smartwatch |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global LED & OLED Displays and Lighting Products Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America LED & OLED Displays and Lighting Products Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Mobile Displays |
| 8.1.2.Consumer TV Displays |
| 8.1.3.Outdoor LED Displays |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Smartphone |
| 8.2.2.Television |
| 8.2.3.Tablet |
| 8.2.4.Smartwatch |
| 8.2.5.Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe LED & OLED Displays and Lighting Products Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Mobile Displays |
| 9.1.2.Consumer TV Displays |
| 9.1.3.Outdoor LED Displays |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Smartphone |
| 9.2.2.Television |
| 9.2.3.Tablet |
| 9.2.4.Smartwatch |
| 9.2.5.Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) LED & OLED Displays and Lighting Products Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Mobile Displays |
| 10.1.2.Consumer TV Displays |
| 10.1.3.Outdoor LED Displays |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Smartphone |
| 10.2.2.Television |
| 10.2.3.Tablet |
| 10.2.4.Smartwatch |
| 10.2.5.Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) LED & OLED Displays and Lighting Products Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Mobile Displays |
| 11.1.2.Consumer TV Displays |
| 11.1.3.Outdoor LED Displays |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Smartphone |
| 11.2.2.Television |
| 11.2.3.Tablet |
| 11.2.4.Smartwatch |
| 11.2.5.Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America LED & OLED Displays and Lighting Products Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Mobile Displays |
| 12.1.2.Consumer TV Displays |
| 12.1.3.Outdoor LED Displays |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Smartphone |
| 12.2.2.Television |
| 12.2.3.Tablet |
| 12.2.4.Smartwatch |
| 12.2.5.Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Cree |
| 13.2.2.LG Display |
| 13.2.3.Sharp |
| 13.2.4.Samsung |
| 13.2.5.Eaton |
| 13.2.6.GE |
| 13.2.7.Luceco |
| 13.2.8.Daktronics |
| 13.2.9.OSRAM |
| 13.2.10.Barco |
| 13.2.11.LED Lighting |
| 13.2.12.Eagle Lighting |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
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