Backlight LED Market Size
What Are the Market Size and Growth Forecast for the Backlight LED Market?
In recent times, the market size for backlight LED has seen a slight decrease. The drop will go from $0.83 billion in 2024 to $0.82 billion in 2025, driven by a compound annual growth rate (CAGR) of -1.6%. The reduction during the historical period is largely due to the effects of the COVID-19 pandemic, as well as the impact of the Russia-Ukraine conflict.
The sizing of the backlight LED market is projected to witness a slight downturn over the forthcoming years, descending to a market value of $0.79 billion in 2029, marked by a compound annual growth rate (CAGR) of -1.0%. The predicted decrease within this period is ascribed to the elevated production costs, alongside high pricing. Key trends within the forecasted period encompass mini-led and micro-led displays, the increasing demand for high-dynamic-range (HDR) and wide color gamut displays, both edge-lit and direct-lit backlighting, the customization and flexibility of displays, and integration with smart and IoT devices.
What Is Contributing to the Growth of the Backlight LED Market?
The market is predicted to grow in the future due to a surge in demand for backlight LED in the advertising sector. Backlight LED, which offers superior flash and fade frequencies, enables advertisers to display their products with enhanced clarity. Its uniform light production and lower power consumption give it an edge over fluorescent backlights. Besides, the upkeep costs of LED backlights utilized in billboards are significantly minimal, leading to 90% power savings compared to other bulbs. These benefits provided by LED backlights are anticipated to spur the growth of the backlight LED market in the upcoming period.
Get Your Free Sample Now – Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2788&type=smp
Which Key Market Leaders Are Driving Backlight LED Industry Growth?
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.
What Are the Emerging Trends in the Backlight LED Industry?
The surge in preference for alternative technologies like OLED may hinder the expansion of the backlight LED market. OLEDs consume less power than LEDs due to their ability to produce their own light without necessitating a backlight. Devices powered by battery gain considerably from OLED traits, which subsequently influences the development of the backlight LED market.
What Are the Main Segments in 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
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/backlight-led-global-market-report
Which Geographic Area Leads the Backlight LED Market?
The countries covered in the backlight led market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
What Is Covered In The Backlight LED Global Market Report?
– Market Size Analysis: Analyze the Backlight LED Market size by key regions, countries, product types, and applications.
– Market Segmentation Analysis: Identify various subsegments within the Backlight LED Market for effective categorization.
– Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
– Market Contribution: Evaluate contributions of different segments to the overall Backlight LED Market growth.
– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks affecting the Backlight LED Market.
– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights – Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2788
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
