Backlight LED Global Market Report 2024

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 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 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 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.


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