Categories: Market Research

Global Backlight LED Market Size and Forecast 2024-2033|Samsung Electronics Co. Ltd., NICHIA CORPORATION, LG Innotek Co. Ltd., Epistar Corporation, Lumileds Holding B.V

The Backlight LED Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/backlight-led-global-market-report

According to The Business Research Company’s Backlight LED Global Market Report 2024, The backlight led market size has declined marginally in recent years. It will decline from $0.85 billion in 2023 to $0.84 billion in 2024 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 $0.8 billion in 2028 at a compound annual growth rate (CAGR) of -1.1%. 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.

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.

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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

Stringent energy efficiency standards and regulations imposed on HID lamps are acting as a restraint on the market. The category of HID bulbs like metal halides is subjected to tighter regulatory standards. For instance, the U.S. Department of Energy (DOE) issued new energy efficiency standards for metal halide luminaries and tightened the standards by expanding the coverage from low-wattage (50–149W) to high-wattage (501–1000W) luminaires. These strict regulations are impacting the growth of the HID bulb market.

The backlight led market report table of contents includes:

1. Executive Summary

2. Backlight LED Market Characteristics

3. Backlight LED Market Trends And Strategies

4. Backlight LED Market – Macro Economic Scenario

5. Global Backlight LED Market Size and Growth

26. South America Backlight LED Market

27. Brazil Backlight LED Market

28. Middle East Backlight LED Market

29. Africa Backlight LED Market

30. Backlight LED Market Competitive Landscape And Company Profiles

Top Major Players: