Backlight LED Global Market Report 2024

Description

A light emitting diode (LED) is a semiconductor device that emits light as an electrical current pass 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 main types in the backlight market are small-sized backlight led, mid and large-sized backlight led. The small-sized backlight leds are mini leds that are 1.2 millimeters and provide the backlight. The various colors are red led, white led, and RGB led. These are used in phones, televisions, computers, instruments, and others.

The backlight LED market research report is one of a series of new reports from The Business Research Company that provides backlight LED market statistics, including backlight LED industry global market size, regional shares, competitors with a backlight LED market share, detailed backlight LED market segments, market trends and opportunities, and any further data you may need to thrive in the backlight LED industry. This backlight LED market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The backlight led market size has declined marginally in recent years. It will decline from $0.85 billion in 2023 to $0.84 billion in 2024 at a compound annual growth rate (CAGR) of -1.6%. The decline in the historic period can be attributed to covid Impact, and russia ukraine war impact.

The backlight led market size is expected to see marginal decline in the next few years. It will decline to $0.8 billion in 2028 at a compound annual growth rate (CAGR) of -1.1%. The decline in the forecast period can be attributed to high cost of production, and high Price. Major trends in the forecast period include mini-led and micro-led displays, demand for high-dynamic-range (hdr) and wide color gamut displays, edge-lit and direct-lit backlighting, customization and flexible displays, integration with smart and iot devices.

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 backlight LED market in the forecast period.

The growth of consumer electronics is expected to propel the growth of the backlight LED going forward. Consumer electronics (CE) refers to any electronic equipment meant to be bought and employed by end users or consumers for non-commercial or professional reasons daily. It comprises mobile phones, PCs, tablets, televisions, and DVD players, among other things. Backlight LEDs are used in consumer electronics to provide the light that allows the display to be seen and shines through the pixels to create the image. For instance, in January 2023, according to International Data Corporation, a US-based firm of events, consulting services, and market intelligence for the information technology, telecommunications, and consumer technology industry, in 2022, worldwide deliveries of used mobile devices, combining officially reconditioned and previously owned smartphones, are expected to reach 282.6 million devices. The per-unit growth reflects a rise of 11.5% above the 253.4 million units supplied in 2021. Therefore, the growth of consumer electronics is driving the backlight LED market.

Increasing adoption of substitute technologies such as OLED is likely to restrain the backlight LED market growth. The power consumption of OLEDs is less when compared to LEDs because OLEDs generate light themselves and do not require backlighting. The battery-operated devices will be highly benefited from OLED features, thus affecting the growth of the backlight LED market.

Electric lighting equipment manufacturing companies are focusing on introducing new innovative products into the market, to compete with the competitors and gain market share. In addition to design, the manufacturers are also focusing on introducing new energy-efficient lighting products and importing new technologies to support the development of energy-efficient products, in-house R&D and strategic partnerships, which is contributing to the overall growth of the backlight LED market. For instance, some of the leading lighting innovations include Reflected Sequence LED Lamp, Globe Terrarium Lights, Janus Lamp, Holon Spheres, and Double Boom Chandelier.

Major companies operating in the backlight LED market are focusing on developing innovative products, such as backlight master drives, to provide reliable services to customers. Backlight master drive is a proprietary display technology that uses a combination of a direct backlight LED array composed of thousands of independently controllable lighting zones. For instance, in July 2023, Sony India Pvt Ltd., an Indian-based manufacturer of consumer electronics, launched the BRAVIA XR 4K Mini LED TV with XR Backlight Master Drive and XR Contrast booster to precisely control the latest generation Mini LED backlight for brightness. The BRAVIA XR 85X95L television has a special XR Backlight Master Drive that uses a special local dimming algorithm to manage thousands of tiny, very dense Mini LEDs independently and precisely. XR Contrast Booster modifies brightness to provide deeper blacks in shadow and higher peaks in glare by carefully distributing the light output across the screen, increasing some parts, and decreasing others when necessary. Scenes appear more realistic with more depth and detail when bright regions are brighter and dark areas are darker.

Major companies operating in the backlight led market include Samsung Electronics Co. Ltd., NICHIA CORPORATION, LG Innotek Co. Ltd., 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, JF Technology Berhad, 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., Skyworks Solutions Inc., Qorvo Inc., Murata Manufacturing Co. Ltd., TDK Corporation, Panasonic Corporation, Toshiba Corporation, Hitachi Ltd.

Asia-Pacific was the largest region in the backlight LED market in 2023. North America is the second-largest region in the backlight LED market report. The regions covered in the backlight led market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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

The back lighting light emitting diode (LED) market consists of sales of RGB LED backlights and white LED backlights. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Backlight LED Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on backlight led market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for backlight led? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The backlight led market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Samsung Electronics Co. Ltd.; NICHIA CORPORATION; LG Innotek Co. Ltd.; Epistar Corporation; Lumileds Holding B.V.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r13315

1. Executive Summary

2. Backlight LED Market Characteristics

3. Backlight LED Market Trends And Strategies

4. Backlight LED Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Backlight LED Market Size and Growth

5.1. Global Backlight LED Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Backlight LED Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Backlight LED Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Backlight LED Market Segmentation

6.1. Global Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Small-Sized Backlight LED
Mid and Large Sized Backlight LED
6.2. Global Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Red LED
White LED
RGB (red, green and blue) LED
6.3. Global Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Phone
Television
Computer
Instruments
Other Applications

7. Backlight LED Market Regional And Country Analysis

7.1. Global Backlight LED Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Backlight LED Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Backlight LED Market

8.1. Asia-Pacific Backlight LED Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Backlight LED Market

9.1. China Backlight LED Market Overview
9.2. China Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Backlight LED Market

10.1. India Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Backlight LED Market

11.1. Japan Backlight LED Market Overview
11.2. Japan Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Backlight LED Market

12.1. Australia Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Backlight LED Market

13.1. Indonesia Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Backlight LED Market

14.1. South Korea Backlight LED Market Overview
14.2. South Korea Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Backlight LED Market

15.1. Western Europe Backlight LED Market Overview
15.2. Western Europe Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Backlight LED Market

16.1. UK Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Backlight LED Market

17.1. Germany Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Backlight LED Market

18.1. France Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Backlight LED Market

19.1. Italy Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Backlight LED Market

20.1. Spain Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Backlight LED Market

21.1. Eastern Europe Backlight LED Market Overview
21.2. Eastern Europe Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Backlight LED Market

22.1. Russia Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Backlight LED Market

23.1. North America Backlight LED Market Overview
23.2. North America Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Backlight LED Market

24.1. USA Backlight LED Market Overview
24.2. USA Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Backlight LED Market

25.1. Canada Backlight LED Market Overview
25.2. Canada Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Backlight LED Market

26.1. South America Backlight LED Market Overview
26.2. South America Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Backlight LED Market

27.1. Brazil Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Backlight LED Market

28.1. Middle East Backlight LED Market Overview
28.2. Middle East Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Backlight LED Market

29.1. Africa Backlight LED Market Overview
29.2. Africa Backlight LED Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Backlight LED Market, Segmentation By Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Backlight LED Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Backlight LED Market Competitive Landscape And Company Profiles

30.1. Backlight LED Market Competitive Landscape
30.2. Backlight LED Market Company Profiles
- 30.2.1. Samsung Electronics Co. Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. NICHIA CORPORATION
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. LG Innotek Co. Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Epistar Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Lumileds Holding B.V.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Backlight LED Market Competitive Benchmarking

32. Global Backlight LED Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Backlight LED Market

34. Backlight LED Market Future Outlook and Potential Analysis

34.1 Backlight LED Market In 2028 - Countries Offering Most New Opportunities
34.2 Backlight LED Market In 2028 - Segments Offering Most New Opportunities
34.3 Backlight LED Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer