How big is the backlight led market today, and what are its future growth expectations?
The backlight LED market size has declined marginally in recent years. It will decline from $0.83 billion in 2024 to $0.82 billion in 2025 at a compound annual growth rate (CAGR) of -1.6%. The decline in the historic period can be attributed to covid Impact, and russia ukraine war impact.
The backlight LED market size is expected to see marginal decline in the next few years. It will decline to $0.79 billion in 2029 at a compound annual growth rate (CAGR) of -1.0%. The decline in the forecast period can be attributed to high cost of production, and high Price. Major trends in the forecast period include mini-led and micro-led displays, demand for high-dynamic-range (HDR) and wide color gamut displays, edge-lit and direct-lit backlighting, customization and flexible displays, integration with smart and IoT devices.
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What have been the primary factors driving the backlight led market’s growth?
The increasing demand for backlight LED in the advertising industry is expected to drive the market in the forecast period. Backlight LED offers high flash and fade frequencies which helps the advertisers to showcase their products with better visibility. The LED backlight produces even light with less power consumption compared to fluorescent backlights. The maintenance cost of LED backlights used in billboards is also very minimal and saves 90% on power when compared to other light bulbs. These advantages offered by LED backlights will boost the backlight LED market in the forecast period.
What are the key segments within the backlight led market?
The backlight LED market covered in this report is segmented –
1) By Product Type: Small-Sized Backlight LED, Mid And Large Sized Backlight LED
2) By Color: Red LED, White LED, RGB LED
3) By Application: Phone, Television, Computer, Instruments, Other Applications
Subsegments:
1) By Small-Sized Backlight LED: 0.5 Inch to 2.0 Inch LEDs, 2.1 Inch to 4.0 Inch LEDs, 4.1 Inch To 7.0 Inch LEDs
2) By Mid And Large Sized Backlight LED: 7.1 Inch To 15.0 Inch LEDs, 15.1 Inch to 32.0 Inch LEDs, Above 32.0 Inch LEDs
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Which key players are shaping the backlight led market?
Major companies operating in the backlight LED market include Samsung Electronics Co. Ltd., NICHIA CORPORATION, Epistar Corporation, Lumileds Holding B.V., OSRAM GmbH, Koninklijke Philips N.V., Cree Inc., LG Corporation, Sharp Corporation, Everlight Electronics Co. Ltd., AU Optronics Corp., NEC Corporation, Mitsubishi Electric Corporation, Sony Group Corporation, Broadcom Inc., ON Semiconductor Corporation, Texas Instruments Incorporated, Analog Devices Inc., Infineon Technologies AG, STMicroelectronics N.V., NXP Semiconductors N.V., Renesas Electronics Corporation, Maxim Integrated Products Inc., Microchip Technology Inc., Silicon Laboratories Inc., Murata Manufacturing Co. Ltd., TDK Corporation, Panasonic Corporation, Toshiba Corporation, Hitachi Ltd.
Which market trends are set to define the future of the backlight led market?
Increasing adoption of substitute technologies such as OLED is likely to restrain the backlight LED market growth. The power consumption of OLEDs is less when compared to LEDs because OLEDs generate light themselves and do not require backlighting. The battery-operated devices will be highly benefited from OLED features, thus affecting the growth of the backlight LED market.
How do regional factors impact the backlight led market, and which region is the largest contributor?
Asia-Pacific was the largest region in the backlight LED market in 2024. North America is the second-largest region in the backlight LED market report. The regions covered in the backlight led market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Backlight LED Market Report 2025 Offer?
The backlight led market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A light emitting diode (LED) is a semiconductor device that emits light as an electrical current pass through it. LED-backlit displays use TFT LCD (thin-film-transistor liquid-crystal display) technologies that offer reduced energy consumption, better contrast and brightness, a greater color range, a more rapid response to changes in the scene, and photorefractive effects.
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