The market size for the BLU is projected to grow at a compound annual growth rate (CAGR) of approximately 7.5% from 2025 to 2030, reaching an estimated market value of USD 23.6 billion by the end of the forecast period. This growth trajectory is driven primarily by enhancements in LED technology and demands for higher display clarity.
Market Size and Share Analysis
As of 2023, the BLU market for large-size displays was valued at approximately USD 16.4 billion. The market distribution demonstrates a larger share from applications in the LCD TV segment, accounting for around 40% of the total share. The remaining share is distributed among various applications:- PC Monitors: 20%
- Notebooks: 15%
- Medical Monitors: 10%
- Others: 15%
Trends Analysis Report by Product Type
The BLU market can be segmented based on product type into:- Edge-Lit LED
- Direct-Lit LED
- OLED
Key Players in the Market
Several prominent players significantly influence the BLU market landscape:- Heesung Electronics
- New Optics
- Digital Innovation Display (DID)
- Hansol Technics
- Taesan LCD
- Darwin
- Chilin
- Forward
- CSOT
- BOE
- Radiant
- Coretronics
- Omron-Precision
- MinebeaMitsumi
Market Analysis By Process
In terms of production processes, the BLU market is characterized by:- Conventional Manufacturing: 60%
- Advanced Manufacturing Technologies (including Automation and Robotics): 25%
- 3D Printing and Novel Techniques: 15%
Market Analysis By Application
The application segmentation highlights the following:- LCD TV: 40%
- PC Monitor: 20%
- Notebook: 15%
- Medical Monitor: 10%
- Others: 15%
Market Analysis By End-Use
The end-use segmentation is categorized into:- Residential: 45%
- Commercial: 30%
- Industrial: 15%
- Healthcare: 10%
Regional Analysis
Geographically, the market analysis is distributed as follows:- North America: 25%
- Europe: 20%
- Asia-Pacific: 40%
- Rest of the World: 15%
Market News on Policy and Companies
Regulatory guidelines and policies emphasizing energy efficiency and sustainability in manufacturing practices are impacting the BLU market. Additionally, companies are aligning their operations with environmental standards, as increasing regulatory measures push for reductions in carbon footprints in the electronics industry.Recent mergers and acquisitions have also been prevalent in the market, with notable players consolidating resources to enhance innovation capabilities. For instance, the recent acquisition of a leading optical component manufacturer by Heesung Electronics is poised to fortify their product offering and technology base further.
Segment Forecasts: 2025 - 2030
The following forecasts anticipate future trends in the market:- Market Value Growth: Expected CAGR of 7.5% over five years.
- Product Type: Continued dominance of Edge-Lit LEDs due to economic efficiency, with a shift toward Direct-Lit technology.
- Application Specific Growth: LCD TVs remaining at the forefront, but PC monitors projected for significant growth due to remote work environments.
- Geographical Growth: Asia-Pacific to experience the fastest growth driven by increasing demand for consumer electronics.
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Table of Contents
Companies Mentioned
- Heesung Electronics
- New Optics
- Digital Innovation Display (DID)
- Hansol Technics
- Taesan LCD
- Darwin
- Chilin
- Forward
- CSOT
- BOE
- Radiant
- Coretronics
- Omron-precision
- MinebeaMitsumi

