Press release
Demand In The Advertising Industry Is Boosting The Backlight Led Market: A Significant Driver Propelling The Backlight LED Market In 2025
Backlight LED
What Is the Backlight LED Market Size and Projected Growth Rate?
The backlight LED market size has declined slightly in recent years. It will decrease from $0.83 billion in 2024 to $0.82 billion in 2025 at a CAGR of -1.6%. The decline can be attributed to the impact of the COVID-19 pandemic and the Russia-Ukraine war.
The backlight LED market is anticipated to experience a slight decline, dropping to $0.79 billion by 2029 at a CAGR of -1.0%. The decline is due to high production costs and pricing issues. Trends include adoption of mini-LED and micro-LED, enhanced HDR and color technologies, direct and edge lighting, customized displays, and IoT device integration.
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What Are the Major 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
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What Are The Driving Backlight LED Market Evolution?
The rising use of backlight LED technology in advertising is expected to drive market expansion during the forecast period. These LEDs offer high flash and fade rates, enhanced visibility, and energy efficiency, consuming significantly less power than fluorescent alternatives. Their low maintenance and operational costs, along with up to 90% energy savings, make them ideal for billboards, supporting market growth.
Which Firms Dominate The Backlight LED Market Segments?
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 Trends Are Driving Growth in The Backlight LED Market?
The growing adoption of alternative technologies like OLED is likely to hinder the growth of the backlight LED market. OLEDs consume less power compared to LEDs, as they emit their own light and do not require backlighting. This feature is particularly beneficial for battery-powered devices, which may slow down the growth of the backlight LED market as OLED technology becomes more prevalent.
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Which Is The Largest Region In 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Backlight LED Market?
2. What is the CAGR expected in the Backlight LED Market?
3. What Are the Key Innovations Transforming the Backlight LED Industry?
4. Which Region Is Leading the Backlight LED Market?
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