Global PLED Market Size, Share, Growth Analysis, By Application(Consumer Electronics, Automotive), By Product Type(Displays, Lighting)

Description

Global PLED Market size was valued at USD 23.24 Billion in 2022 and is poised to grow from USD 23.80 Billion in 2023 to USD 28.77 Billion by 2031, at a CAGR of 2.40% during the forecast period (2024-2031).

PLEDs, serving as an eco-conscious alternative to conventional lighting like incandescent and fluorescent lamps, have seen significant advancements, particularly in the development of flexible and transparent displays, finding application across diverse sectors. For instance, Universal Display Corporation's collaboration with PPG Industries in December 2021 aimed at introducing a new range of PLED products highlights this trend. Similarly, in October 2021, Osram Opto Semiconductors launched the Duris P 10 PLED product line, catering to various lighting needs. Transparent PLED displays are gaining traction in augmented reality, advertising, and signage, promising to revolutionize the lighting industry with their cost-effectiveness and eco-friendliness. Despite challenges like high production costs hindering wider adoption, the market is witnessing growth driven by technological advancements and increasing environmental awareness, reflecting a global shift towards sustainable lighting solutions.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global PLED Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global PLED Market Segmental Analysis

Global PLED Market is segmented on the basis of product type, application and region. By product type, the market is segmented into displays, lighting, signage and others. By application, the market is segmented into consumer electronics, automotive, aerospace & defense, healthcare, industrial and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global PLED Market

PLEDs, recognized for their energy efficiency, consume less power than conventional lighting options, making them increasingly sought after in response to the rising need for energy-efficient lighting solutions aimed at curbing energy usage and greenhouse gas emissions. Consequently, the demand for PLEDs is anticipated to surge.

Restraints in the Global PLED Market

PLEDs, in contrast to traditional lighting solutions, possess a restricted lifespan, potentially leading to increased expenses for replacements. Furthermore, their susceptibility to environmental elements like heat and moisture may compromise their stability and operational efficiency.

Market Trends of the Global PLED Market

PLEDs present numerous benefits compared to conventional automotive lighting options, such as enhanced energy efficiency and greater design adaptability. The growing requirement for automotive lighting solutions that are both energy-efficient and visually appealing is propelling the integration of PLEDs within the automotive sector.

Product Code: SQMIG45K2042

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global PLED Market by Application

Market Overview
Consumer Electronics
Automotive
Aerospace & Defense
Healthcare
Industrial and Others

Global PLED Market by Product Type

Market Overview
Displays
Lighting
Signage
Others

Global PLED Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Sumitomo Chemical Co., Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Merck KGaA (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
LG Chem Ltd. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Universal Display Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Osram GmbH (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Novaled GmbH (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Konica Minolta, Inc. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Samsung SDI Co., Ltd. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BASF SE (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
DuPont de Nemours, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Panasonic Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Dow Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Covestro AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Idemitsu Kosan Co., Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Henkel AG & Co. KGaA (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitsubishi Chemical Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
AGC Inc. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Heraeus Holding GmbH (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kaneka Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Toray Industries, Inc. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sumitomo Bakelite Co., Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Chemours Company (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global PLED Market Size, Share, Growth Analysis, By Application(Consumer Electronics, Automotive), By Product Type(Displays, Lighting) - Industry Forecast 2024-2031