Learn about the global backlight LED market through The Business Research Company, which provides information on backlight LED market size, backlight LED market drivers and restraints, backlight LED market players, the COVID-19 impact on the backlight LED market, and more.

The global backlight LED market size is expected to decline from $0.53 billion in 2021 to $0.47 billion in 2022 at a compound annual growth rate (CAGR) of -10.8%. The decline is mainly due to the companies facing production and supply chain issues during the COVID-19 pandemic in 2021. The market is expected to decline to $0.28 billion in 2026 at a CAGR of -12.5%.

The increasing demand for backlight LED in the advertising industry is expected to drive the market in the forecast period.

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The Backlight LED market consists of sales of backlight LED and related services. LED-backlit is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED-backlit displays use TFT LCD (thin-film-transistor liquid-crystal display) technologies that offer reduced energy consumption, better contrast and brightness, greater colour range more rapid response to changes in the scene, and photorefractive effects.

Global Backlight LED Market Segments Include:

By Product Type: Small-Sized Backlight LED, Mid And Large Sized Backlight LED

By Colour: Red LED, White LED, RGB LED

By Application: Phone, Television, Computer, Instruments, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the backlight LED market in 2021.

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.

TBRC’s backlight LED market report covers:

Major Market Players: Samsung, NICHIA, LG Innotek, Epistar, Lumileds, Seoul Semiconductor, TOYODA GOSEI, Unity Opto Technology, Genesis Photonics Inc., and Shenzhen Jufei Optoelectronics Co. Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Backlight LED Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides backlight LED market overviews, analyzes and forecasts market size, share, backlight LED market players, backlight LED market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s backlight LED market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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