Backlight LED Market Size, Share, Analysis, Growth, Trends, Industry Report 2022-2032 | NICHIA, LG Innotek, Epistar, Lumileds, Seoul Semiconductor, TOYODA GOSEI
As per the Backlight LED market report by The Business Research Company, 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 market in the forecast period.
The global back lighting-light emitting diode (LED) market will grow from $0.85 billion in 2022 to $0.84 billion in 2023 at a compound annual growth rate (CAGR) of -0.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global back lighting-light emitting diode (LED) market is expected to grow to $0.8 billion in 2027 at a CAGR of -1.3%.
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Major competitors in the Backlight LED market include Samsung, NICHIA, LG Innotek, Epistar, Lumileds, Seoul Semiconductor, TOYODA GOSEI, Unity Opto Technology, Genesis Photonics Inc., and Shenzhen Jufei Optoelectronics Co. Ltd.
The Backlight LED market is segmented -
• By Product Type: Small-Sized Backlight LED, Mid And Large Sized Backlight LED
• By Color: Red LED, White LED, RGB LED
• By Application: Phone, Television, Computer, Instruments, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Backlight LED market.
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A light emitting diode (LED) is a semiconductor device that emits light as an electrical current passes 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.
The Table Of Content For The Backlight LED Market Include:
1. Executive Summary
2. Backlight LED Market Characteristics
3. Backlight LED Market - Macro Economic Scenario
4. Backlight LED Market Size And Growth
26. Backlight LED Market Competitive Landscape And Company Profiles
27. Key Mergers And Acquisitions In The Backlight LED Market
28. Backlight LED Market Trends And Strategies
29. Backlight LED Market Future Outlook and Potential Analysis
The "Global Backlight LED Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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