The global light emitting diode (LED) backlight display market would exhibit 6.9% CAGR from 2023 to 2033. It would reach a valuation of US$ 141.0 billion by 2033. It is set to exceed a value of US$ 72.1 billion by 2023.
LED lighting uses less energy and has a long life expectancy. It has no flickering and includes strong illumination. LED producers are concentrating on adding new features to draw consumers. Natural lighting, proximity sensors, and Wi-Fi are a few new features.
Light emitting diode (LED) backlight display sales would expand by 2033. It is attributed to organization of outdoor events, such as political assemblies, music concerts, and sports. Brand endorsements and product launches would also need to display live video.
Key companies are introducing new products to meet high expectations of their clients worldwide. Nike and W+K Lodge, for instance, developed Creators' Experience.
It is a business that specializes in technologies such as artificial intelligence and virtual reality. It uses projection and object tracking technology. It can make designs of sneakers appear based on a selection made on the video wall.
Rising need for highly interactive digital signage systems will drive light emitting diode (LED) backlight display demand. Difficulty of installing LED backlight displays may hamper their wide adoption.
They also come with high installation costs, particularly in developing nations. Price of a display is mainly affected by mounting style, size, deployment location, and resolution. Hence, key companies are renting out new displays.
Outdoor LED screens are made to provide data in an aesthetically pleasing manner despite challenging climatic circumstances. These include intense heat, dust, and rain.
They will be adopted for usage in advertising boards, perimeter boards, video walls, and stadium screens scoreboards. Expansion of outdoor events would also propel sales.
Demand for LED backlight displays to present data about arrival & departure of flights, trains, and buses would surge. These displays would help to generate high-quality and seamless photographs. Hence, their usage would also expand in malls and stores.
| Attributes | Key Insights |
|---|---|
| Light Emitting Diode (LED) Backlight Display Market Estimated Size (2023E) | US$ 72.1 billion |
| Projected Market Valuation (2033F) | US$ 141.0 billion |
| Value-based CAGR (2023 to 2033) | 6.9% |
| USA Value-based CAGR (2023 to 2033) | 6.3% |
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Future Market Insights estimates light emitting diode backlight display demand to surpass 6.9% CAGR from 2023 to 2033. It witnessed a steady CAGR of 7.8% in the historical period.
Companies producing electric lighting equipment are concentrating on releasing new items. They want to compete with rivals and increase their market share. Manufacturers are concentrating not only on design but also on introducing energy-efficient products.
They are striving to import technological advances to encourage creation of energy-efficient products. They are also investing in in-house research and development. A few companies are focusing on strategic partnerships.
These initiatives would assist in supplementing light emitting diode backlight display sales. Double boom chandeliers, reflected sequence LED lamps, and Holon spheres are a few examples of recent developments.
Principal Consultant
Asia Pacific would Showcase High Demand for LED Backlight Technology in the Next Ten Years
Asia Pacific reached a valuation of US$ 32.51 billion in 2022. Future Market Insights predicts it to reach US$ 35.04 billion in 2023. The region would top a valuation of US$ 68.52 billion in 2033.
Increasing adoption of backlight LED in the advertising sector would spur Asia Pacific. Backlight LED provides strong flash and fade frequencies. It also assists advertisers in better showcasing their goods.
When compared to fluorescent backlights, LED backlight uses less energy while producing an equal amount of light. When used in billboards, it utilizes 90% less energy than traditional light bulbs. It also has a very low maintenance cost.
Need for LED Backlight Technology to Spur among USA-based Automotive Manufacturers
The USA light emitting diode (LED) backlight display market would total US$ 23.4 billion by 2033. Sales are expected to witness 6.3% CAGR from 2023 to 2033. It would create an incremental opportunity of US$ 10.7 billion in the next ten years.
USA-based Broadcom Incorporation provides high power LED backlight displays. These are used in electronic signs, automotive, and solid state lighting. Launch of new advanced products would help meet high demand in the USA.
Rising Demand for Smartwatches with LED Backlight Strips in Japan would Augment Sales
Japan light emitting diode (LED) backlight display market would top US$ 21.9 billion by 2033. A CAGR of 7.2% would be exhibited by the country in the forecast period. From 2018 to 2022, Japan witnessed 8.1% CAGR.
Tokyoflash Japan recently launched its new On Air LCD watch. It features an ‘always on’ LCD display with LED backlighting. Such product developments by Japan-based companies would help push LED backlight display sales.
Launch of New LED TV Backlight in South Korea to Bolster Demand by 2033
South Korea light emitting diode (LED) backlight display market would reach US$ 8.6 billion by 2033. It exhibited a CAGR of 9.3% during the historical period. It would create an absolute dollar opportunity of US$ 4.4 billion by 2033.
Samsung Electronics Ltd. recently launched a 43 inch Crystal 4K UHD TV. It has LED backlight display technology.
The backlight is adjusted to suit lighting of the environment. One can control the backlight of their surroundings with the help of a special tab.
LED Backlight TVs to Witness High Demand in China with Launch of New Products
China light emitting diode (LED) backlight display market size would reach US$ 35.6 billion in 2033. It exhibited 8.4% CAGR in the estimated time frame. From 2023 to 2033, it would create an incremental opportunity worth US$ 19.7 billion.
Shenzhen Refond Optoelectronics Co Ltd develops LED backlight displays. Their displays have high resolutions such as 4K, 5K, and 8K.
Their TVs also have a compact structure and high brightness. Adoption of LED backlight technology by consumer electronics manufacturers would aid demand.
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LED Backlight Panels to Witness High Demand among Home Users by 2033
Based on application, the home segment would exhibit 6.7% CAGR in the next ten years. It stood at a CAGR of 7.4% in the historical period.
Displays manufactured by LG, Samsung, and Seoul Semiconductors are primarily used in home or indoor applications. They are favored by retail customers. Newly launched products by these companies would help the home segment to expand.
The market is characterized by both large and small-scale competitors. It is extremely competitive. They are pursuing new initiatives to design and produce LED displays for both indoor and outdoor use.
They are developing cutting-edge LED video panels and displays on recent technologies. Technology leaders such as Samsung and Sony Corporation will soon expand their reach and engage in research works.
Few recent developments in the light emitting diode (LED) backlight display market are:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | US$ 72.1 billion |
| Projected Market Valuation (2033) | US$ 141.0 billion |
| Value-based CAGR (2023 to 2033) | 6.9% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (US$ billion) |
| Segments Covered | Type, Application, Region |
| Regions Covered | North America; Latin America; East Asia; South Asia and Pacific; Western Europe; Eastern Europe; Central Asia; Russia and Belarus; Balkan and Baltics Countries; Middle East & Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, Gulf Cooperation Council, Australia |
| Key Companies Profiled | Samsung; NICHIA; LG Innotek; Epistar; Lumileds; Seoul Semiconductor; TOYODA GOSEI; Unity Opto Technology; Shenzhen Refond Optoelectronics; Foshan NationStar Semiconductor |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The market is projected to generate US$ 72.1 billion in sales by 2023.
The global market is set to be worth US$ 141.0 billion by 2033.
The market is estimated to advance at a 6.9% CAGR through 2033.
From 2018 to 2022, the global market soared at a 7.8% HCAGR.
By 2033, the United States industry is estimated to be worth US$ 23.4 billion.
1. Executive Summary | Light Emitting Diode (LED) Backlight Display Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ billion) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ billion) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Small Sized LED Backlights
5.3.2. Mid and Large Sized LED Backlights
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Home
6.3.2. Communication
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Application
11.4. Key Takeaways
12. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Gulf Cooperation Council Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa
12.2.2. By Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Type
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Type
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Type
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Type
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Type
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Type
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Type
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Type
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Type
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Type
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Type
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Type
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Type
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Type
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Type
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Type
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Type
13.17.2.2. By Application
13.18. Gulf Cooperation Council Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Type
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Type
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Type
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Type
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Samsung
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. NICHIA
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. LG Innotek
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Epistar
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Lumileds
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Seoul Semiconductor
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. TOYODA GOSEI
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Value (US$ billion) & Volume (Units)y Opto Technology
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Shenzhen Refond Optoelectronics
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Foshan NationStar Semiconductor
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Light Emitting Diode (LED) Backlight Display Market
