LED and OLED Displays and Lighting Products Market
LED and OLED Displays and Lighting Products Market Size, Share & Trends Analysis Report by Type (Mobile Displays, Consumer TV Displays, and Outdoor LED Displays), by Application (Smartphone, Television, Tablet, Smartwatch, and Others), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
LED and OLED displays and lighting products market is anticipated to grow at a CAGR of 10.1% during the forecast period. The growing adoption of various strategies including mergers and acquisitions, partnerships, and others by key players are fuelling the LED and OLED displays and lighting products market during the forecast period. For instance, in June 2022, Samsung Display Co. Ltd. acquired Cynora, a German-based display start-up company. Through this acquisition, the company aims to advance technology for foldable smartphone screens.
Moreover, in November 2020, Lumenique, LLC, a manufacturer of lighted artwork, and OLEDWorks LLC, a manufacturer of OLED lighting technology entered into a partnership. Both companies aim to expand access to OLED technology, engineering mindshare, marketing, and sales advocacy, and to expand the OLED lighting portfolio. The company is planning to release new products that use OLEDWorks light sources exclusively in artistic portable accent and task lighting in the coming years.
Furthermore, Key players are launching new products in the market to stay competitive. For instance, in June 2020, LG Display Co. Ltd launched a vivid, transparent OLED display for digital signage solutions. The new display offers cutting-edge touchscreen technology to deliver a highly responsive and accurate touch experience.
Segmental Outlook
The global LED and OLED displays and lighting products market is segmented based on the type, and, application. Based on the type, the market is segmented into mobile displays, consumer TV displays, and outdoor LED displays. Based on the application, the market is further sub-segmented into smartphones, television, tablet, smartwatch, and others. Among these, the smartphone segment is expected to hold a considerable share of the market due to the growing adoption of smartphones by consumers in developing countries, which drives the overall LED and OLED displays and lighting products market.
Among types, the consumer TV displays segment is expected to hold a prominent share in the LED and OLED displays and lighting products market over the forecast period. The growth is owing to an increase in the disposable income of the consumers, which increases the purchasing power of consumers. Consumers are inclined to purchase high-display quality TV to match the changing lifestyle. Key players are launching high-display consumer TV to cater to the demand of consumers. For instance, in January 2022, LG Display Co. Ltd launched new 97-Inch G2 OLED, 42-Inch C2 OLED, and mini-LED TV models to meet the demand.
Regional Outlooks
The global LED and OLED displays and lighting products market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Europe is expected to hold a considerable share in the LED and OLED displays and lighting products market during the forecast period, owing to the increasing digitization and availability of developed technological devices in the region.
Global LED and OLED Displays and Lighting Products Market Growth, by Region 2022-2028
Asia-Pacific is Expected to Hold a Significant Share in the Global LED and OLED Displays and Lighting Products Market
Among all regions, Asia-Pacific is expected to hold a significant market share during the forecast period. The presence of LED and OLED displays and lighting products market players such as Samsung Electronics Co., Ltd, LG Display Co. Ltd, BOE Technology Group Co., Ltd, and others are accelerating the growth of the LED and OLED displays and lighting products market in the region. The rising requirement for clear display solutions by consumers are forcing key players to develop and launch new products in the market. For instance, in September 2022, Samsung Electronics Co., Ltd. launched Micro LED displays. Micro LED technology offers immersive viewing experiences in a high-resolution and large-screen format. The product is launched in the Southeast Asia and Oceania (SEAO) region at the inaugural Samsung Display Tech Summit 2022.
Market Players Outlook
The major companies serving the global LED and OLED displays and lighting products market include 4D Systems Pty Ltd, AUO Corp., Barco NV, BOE Technology Group Co., Ltd., Daktronics, Digilent, Inc., Eagle Lighting Australia Pty Ltd, Eaton Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2022, Google LLC acquired Raxium, a startup company that develops micro-LED for displays used in augmented and mixed reality devices. The acquisition aims to develop AR displays.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global LED and OLED displays and lighting products market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global LED and OLED Displays and Lighting Products Market by Type
4.1.1. Mobile Displays
4.1.2. Consumer TV Displays
4.1.3. Outdoor LED Displays
4.2. Global LED and OLED Displays and Lighting Products Market by Application
4.2.1. Smartphone
4.2.2. Television
4.2.3. Tablet
4.2.4. Smartwatch
4.2.5. Others (Laptop)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. 4D Systems Pty Ltd
6.2. AUO Corp.
6.3. Barco NV
6.4. BOE Technology Group Co., Ltd.
6.5. Daktronics
6.6. Digilent, Inc.
6.7. Eagle Lighting Australia Pty Ltd
6.8. Eaton Corp.
6.9. LG Display Co. Ltd
6.10. Luceco plc
6.11. Mouser Electronics Inc.
6.12. Nokia Corp.
6.13. OSRAM GmbH GE Lighting (General Electric Company)
6.14. Panasonic Corp.
6.15. Pioneer Corp.
6.16. Raystar Optronics Inc.
6.17. Raystar Optronics, Inc.
6.18. Samsung Display Co. Ltd.
6.19. SHARP Corp.
6.20. Sony Corp.
1. GLOBAL LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL MOBILE LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL CONSUMER TV LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL OUTDOOR LED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
6. GLOBAL SMARTPHONE LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL TELEVISION LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
8. GLOBAL TABLET LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL SMARTWATCH LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
10. GLOBAL OTHER APPLICATION LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
11. GLOBAL LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. NORTH AMERICAN LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
15. EUROPEAN LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
17. EUROPEAN LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. REST OF THE WORLD LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
23. REST OF THE WORLD LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL MOBILE LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL CONSUMER TV LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL OUTDOOR LED DISPLAYS AND LIGHTING PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
6. GLOBAL SMARTPHONE LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL TELEVISION LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL TABLET LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL SMARTWATCH LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL OTHER APPLICATION LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. US LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
14. UK LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD LED AND OLED DISPLAYS AND LIGHTING PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
