Global LED & OLED Displays and Lighting Products Market Report Description:
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. The report on global LED & OLED displays and lighting products market gives historical, current, and future market sizes (US$ Mn) on the basis of type, application and region. This report studies global LED & OLED displays and lighting products 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 LED & OLED displays and lighting products 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.
Global LED & OLED Displays and Lighting Products Market Size:
The global market valued US 721.3 Mn in 2019 and is poised to grow with a CAGR of 18.2% over 2019-2026. 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.
Mobile Displays Accounts for Larger Market Revenue Share:
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.
Asia Pacific Accounts for Larger Market Revenue Share:
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.
Key player’s profiles in the report include:
- LG Display
- LED Lighting
- Eagle Lighting
Global LED & OLED displays and lighting products market is surging owing to strategic alliances by key players for LED & OLED displays and lighting products to meet the demands of the customers in the market.
Key Findings of the Report:
- Global LED & OLED displays and lighting products market expanding at significant CAGR over 2019 to 2026 owing to growing subscriber base for smartphones and increasing consumer spending on television services
- Based on region, Asia Pacific accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2019) and forecast (2019-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
- Mobile Displays
- Consumer TV Displays
- Outdoor LED Displays
- Rest of Europe
- Au & NZ
- Rest of Europe
- Rest of Latin America
Middle East & Africa
- South Africa
- Rest of MEA