PUBLISHER: The Business Research Company | PRODUCT CODE: 1712669
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712669
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 $0.83 billion in 2024 to $0.82 billion in 2025 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 $0.79 billion in 2029 at a compound annual growth rate (CAGR) of -1.0%. 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 anticipated growth in consumer electronics is expected to drive the expansion of the backlight LED market in the future. Consumer electronics encompasses any electronic devices designed for purchase and use by end users for personal, non-commercial purposes. This category includes mobile phones, PCs, tablets, televisions, and DVD players, among others. Backlight LEDs are essential in these devices, as they provide the illumination necessary for displays to be visible and shine through the pixels to form images. For example, in October 2024, the India Brand Equity Foundation, a trust established by the Department of Commerce in India, projected that the consumer electronics and home appliances market in India will grow by $2.3 billion from 2022 to 2027, achieving a compound annual growth rate (CAGR) of 1.31%. Thus, the growth of consumer electronics is significantly fueling 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, 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.
Asia-Pacific was the largest region in the backlight LED market in 2024. 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 2025 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.
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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.