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PUBLISHER: IMARC | PRODUCT CODE: 1451803

PUBLISHER: IMARC | PRODUCT CODE: 1451803

LCD Backlight Unit (BLU) Market Report by Type (Edge Type, Direct Type), Application (LCD monitor, Laptop PC, LCD TV, and Others), and Region 2024-2032

PUBLISHED: March 2, 2024

PAGES: 147 Pages

DELIVERY TIME: 2-3 business days

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The global LCD backlight unit (BLU) size reached US$ 12.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032. The rising prevalence of chronic and acute indications, increasing preference for outpatient stay due to its lower costs and convenience, and increasing health consciousness represent some of the key factors driving the market.

The LCD backlight unit (BLU) is a key component in liquid crystal displays (LCDs) that provide the necessary illumination for the screen to be visible. It is responsible for evenly distributing light behind the LCD panel, ensuring optimal brightness and contrast. The BLU typically consists of several components. The primary element is a light source, such as light-emitting diodes (LEDs) or cold cathode fluorescent lamps (CCFLs). LEDs have become the predominant light source due to their energy efficiency, longer lifespan, and compact size. The light generated by the LEDs is then directed through a diffuser, which scatters the light uniformly across the LCD panel. A reflector is often placed behind the diffuser to enhance light efficiency by reflecting any stray light back toward the panel. In some BLU designs, additional components, such as light guides and prism films, are employed to enhance light distribution and control. Light guides help direct the light toward the entire display area, while prism films can be used to improve viewing angles and reduce glare. In recent years, BLUs have gained traction as they are an essential component for LCDs that directly impacts the overall display quality. It also determines the brightness, color reproduction, and contrast levels of the screen.

LCD Backlight Unit (BLU) Market Trends:

One of the primary factors driving the market is the widespread adoption of LCD displays in various applications such as televisions, computer monitors, smartphones, automotive displays, and signage systems. The demand for LCD panels directly translates to the demand for BLUs, as they are essential for illuminating LCD screens. Additionally, consumers are increasingly demanding high-quality displays with improved brightness, contrast, color accuracy, and energy efficiency. BLUs play a crucial role in meeting these demands by providing uniform and optimal illumination for LCD screens. Other than this, the automotive industry is witnessing a surge in the adoption of LCD displays for infotainment systems, instrument clusters, and head-up displays. This growth is fueled by factors such as the integration of advanced driver-assistance systems (ADAS) and the demand for interactive and immersive in-car experiences. As a result, the BLU market is experiencing significant growth due to the rising demand for specialized BLUs designed for automotive displays. Besides this, there is a continuous trend toward thinner and lighter displays across various industries, which is escalating the development of slim and compact BLUs that can fit into thinner form factors while maintaining high brightness and efficiency. Apart from this, the demand for BLUs that offer slim profiles and lightweight designs is fueled by applications such as smartphones, tablets, laptops, and portable consumer electronics. Moreover, continuous advancements in backlighting technologies have a significant impact on the BLU market. For instance, the development of more advanced LED backlighting solutions, such as local dimming and quantum dot technology, has enhanced the performance of LCD displays, thus driving the demand for corresponding BLUs.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global LCD backlight unit (BLU)market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on the type and application.

Type Insights:

Edge Type

Direct Type

The report has provided a detailed breakup and analysis of the LCD backlight unit (BLU) market based on the type. This includes edge type and direct type. According to the report, edge type represented the largest segment.

Application Insights:

LCD monitor

Laptop PC

LCD TV

Others

The report has provided a detailed breakup and analysis of the LCD backlight unit (BLU) market based on the application. This includes LCD monitor, laptop PC, LCD TV, and others.

Regional Insights:

North America

United States

Canada

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for LCD backlight unit. Some of the factors driving the Asia Pacific LCD backlight unit market included rapid technological advancements, expanding consumer electronics market, and manufacturing capabilities and supply chain efficiency

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global LCD backlight unit (BLU) market. Detailed profiles of all major companies have been provided. Some of the companies covered include Coretronic Corporation, Heesung Electronics Ltd., Radiant Opto-Electronics Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

How has the global LCD backlight unit (BLU) market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global LCD backlight unit (BLU) market?
What is the impact of each driver, restraint, and opportunity on the global LCD backlight unit (BLU) market?
What are the key regional markets?
Which countries represent the most attractive LCD backlight unit (BLU) market?
What is the breakup of the market based on the application?
Which is the most attractive application in the LCD backlight unit (BLU) market?
What is the competitive structure of the global LCD backlight unit (BLU) market?
Who are the key players/companies in the global LCD backlight unit (BLU) market?

Product Code: SR112024A10095

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global LCD Backlight Unit (BLU) Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Type

6.1 Edge Type
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
6.2 Direct Type
- 6.2.1 Market Trends
- 6.2.2 Market Forecast

7 Market Breakup by Application

7.1 LCD Monitor
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
7.2 Laptop PC
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
7.3 LCD TV
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast

8 Market Breakup by Region

8.1 North America
- 8.1.1 United States
  - 8.1.1.1 Market Trends
  - 8.1.1.2 Market Forecast
- 8.1.2 Canada
  - 8.1.2.1 Market Trends
  - 8.1.2.2 Market Forecast
8.2 Asia-Pacific
- 8.2.1 China
  - 8.2.1.1 Market Trends
  - 8.2.1.2 Market Forecast
- 8.2.2 Japan
  - 8.2.2.1 Market Trends
  - 8.2.2.2 Market Forecast
- 8.2.3 India
  - 8.2.3.1 Market Trends
  - 8.2.3.2 Market Forecast
- 8.2.4 South Korea
  - 8.2.4.1 Market Trends
  - 8.2.4.2 Market Forecast
- 8.2.5 Australia
  - 8.2.5.1 Market Trends
  - 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
  - 8.2.6.1 Market Trends
  - 8.2.6.2 Market Forecast
- 8.2.7 Others
  - 8.2.7.1 Market Trends
  - 8.2.7.2 Market Forecast
8.3 Europe
- 8.3.1 Germany
  - 8.3.1.1 Market Trends
  - 8.3.1.2 Market Forecast
- 8.3.2 France
  - 8.3.2.1 Market Trends
  - 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
  - 8.3.3.1 Market Trends
  - 8.3.3.2 Market Forecast
- 8.3.4 Italy
  - 8.3.4.1 Market Trends
  - 8.3.4.2 Market Forecast
- 8.3.5 Spain
  - 8.3.5.1 Market Trends
  - 8.3.5.2 Market Forecast
- 8.3.6 Russia
  - 8.3.6.1 Market Trends
  - 8.3.6.2 Market Forecast
- 8.3.7 Others
  - 8.3.7.1 Market Trends
  - 8.3.7.2 Market Forecast
8.4 Latin America
- 8.4.1 Brazil
  - 8.4.1.1 Market Trends
  - 8.4.1.2 Market Forecast
- 8.4.2 Mexico
  - 8.4.2.1 Market Trends
  - 8.4.2.2 Market Forecast
- 8.4.3 Others
  - 8.4.3.1 Market Trends
  - 8.4.3.2 Market Forecast
8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast

9 Drivers, Restraints, and Opportunities

9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities

10 Value Chain Analysis

11 Porters Five Forces Analysis

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
- 13.3.1 Coretronic Corporation
  - 13.3.1.1 Company Overview
  - 13.3.1.2 Product Portfolio
- 13.3.2 Heesung Electronics Ltd.
  - 13.3.2.1 Company Overview
  - 13.3.2.2 Product Portfolio
- 13.3.3 Radiant Opto-Electronics Corporation
  - 13.3.3.1 Company Overview
  - 13.3.3.2 Product Portfolio

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Product Code: SR112024A10095

List of Figures

Figure 1: Global: LCD Backlight Unit Market: Major Drivers and Challenges
Figure 2: Global: LCD Backlight Unit Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: LCD Backlight Unit Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: LCD Backlight Unit Market: Breakup by Type (in %), 2023
Figure 5: Global: LCD Backlight Unit Market: Breakup by Application (in %), 2023
Figure 6: Global: LCD Backlight Unit Market: Breakup by Region (in %), 2023
Figure 7: Global: LCD Backlight Unit (Edge Type) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: LCD Backlight Unit (Edge Type) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: LCD Backlight Unit (Direct Type) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: LCD Backlight Unit (Direct Type) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: LCD Backlight Unit (LCD Monitor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: LCD Backlight Unit (LCD Monitor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: LCD Backlight Unit (Laptop PC) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: LCD Backlight Unit (Laptop PC) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: LCD Backlight Unit (LCD TV) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: LCD Backlight Unit (LCD TV) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: LCD Backlight Unit (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: LCD Backlight Unit (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: North America: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: North America: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: United States: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: United States: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Canada: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Canada: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Asia-Pacific: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Asia-Pacific: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: China: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: China: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Japan: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Japan: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: India: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: India: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: South Korea: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: South Korea: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Australia: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Australia: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Indonesia: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Indonesia: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Others: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Others: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Europe: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Europe: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Germany: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Germany: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: France: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: France: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: United Kingdom: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: United Kingdom: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Italy: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Italy: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Spain: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Spain: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Russia: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Russia: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Latin America: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Latin America: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Brazil: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Brazil: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Mexico: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Mexico: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Others: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Others: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Middle East and Africa: LCD Backlight Unit Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Middle East and Africa: LCD Backlight Unit Market: Breakup by Country (in %), 2023
Figure 67: Middle East and Africa: LCD Backlight Unit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Global: LCD Backlight Unit Industry: Drivers, Restraints, and Opportunities
Figure 69: Global: LCD Backlight Unit Industry: Value Chain Analysis
Figure 70: Global: LCD Backlight Unit Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: LCD Backlight Unit Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: LCD Backlight Unit Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: LCD Backlight Unit Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: LCD Backlight Unit Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: LCD Backlight Unit Market: Competitive Structure
Table 6: Global: LCD Backlight Unit Market: Key Players