The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing demand for backlight LED in the advertising industry are expected to drive innovation in backlight LED manufacturing, thus driving the market during the forecast period.

The global backlight LED market is expected to grow from $0.85 billion in 2022 to $0.84 billion in 2023 at a compound annual growth rate (CAGR) of -0.5%. The global back lighting-light emitting diode (LED) market is expected to grow to $0.8 billion in 2027 at a CAGR of -1.3%.

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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, Other Applications
• 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 global backlight LED market in 2021.

Major Market Players in the backlight LED market include Samsung, NICHIA, LG Innotek, Epistar, Lumileds, Seoul Semiconductor, TOYODA GOSEI, Unity Opto Technology, Genesis Photonics Inc.

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.

The Backlight LED Global Market Report 2023  provides a backlight LED market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The backlight LED market forecast analyzes backlight LED market size, backlight LED market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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.

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