(MENAFN- Alliance News) he research study conducted by Report Ocean on the " Electroluminescent Display Market " spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Electroluminescent Display Market is valued at approximately USD $$billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7% over the forecast period 2023-2030. An electroluminescent display is a type of display technology that emits light when an electric current passes through a luminescent material. It is commonly used in applications such as lighting, signage, and display panels. The Electroluminescent Display Market is expanding because of factors such as increasing demand for consumer electronics and the growing adoption of LED displays. Moreover, increasing demand for panels in consumer electronics, wristwatches, LCDs, and smartphones, is a significant driver of growth in the electroluminescent display market. Its importance has progressively increased during the forecast period of 2023-2030.
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According to Statista in 2023, The projected revenue for the Consumer Electronics market is expected to reach USD 1,028.00 billion by 2023, with a compound annual growth rate of 2.32% during the period of 2023 to 2028. The global electroluminescent display market is experiencing growth due to various factors, including the increasing number of display panel manufacturing plants and the widespread adoption of OLED displays. These factors are contributing to the expansion of the global electroluminescent display market. According to Statista in 2020, The global market revenue for micro-LED displays is projected to reach USD 71.8 billion by 2027, reflecting substantial growth potential from 2019 to 2027. This estimation highlights the significant growth prospects for the global micro-LED display market during this period. In addition, technological advancements in electroluminescent displays and increasing adoption of wearable technology would create lucrative growth opportunities. However, the high cost of electroluminescent displays and low-quality representation stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Electroluminescent Display Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific dominates the market during the forecast period owing to the, increasing disposable income and the entry of potential market players in the region. The market for these display technologies is expected to grow significantly, driven by rising consumer purchasing power and the emergence of new competitors in the industry. North America is the fastest growing region during the forecast period of 2022, owing to the factors such as advanced internet and broadband connectivity, widespread smartphone adoption, and increasing consumer demands.
Major market player included in this report are:
Planar Systems, Inc.
Sharp Corporation
Beneq Corporation
United Fire Group, Inc.
Crystal Display Systems Ltd
Sony Corporation
Japan Display Inc.
Panasonic Life Solutions India Pvt. Ltd.
Tokyo Electron Limited.
Lumineq Oy
Recent Developments in the Market:
In January 2023, Sony Electronics introduced two new series of their renowned Crystal LED premium displays, which offered scalability. The BH-series showcased vibrant and bright displays, while the CH-series delivered an immersive viewing experience. These displays were specifically designed for corporate settings, retail environments, and screening rooms. Both series were available in pixel pitches of and , ensuring exceptional picture quality and color accuracy associated with Crystal LED technology. Furthermore, the new series offered improved installation flexibility and reduced power consumption.
Global Electroluminescent Display Market Report Scope:
Historical Data: 2020 2021
Base Year for Estimatio: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Film Type, Material, End-User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analysts working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Film Type:
Transparent Thin Film Electroluminescent Display
Non-Transparent Thin Film Electroluminescent Display
By Material:
Electroluminescent wire
Electroluminescent Strips/Tapes
Electroluminescent panels
By End-User:
Food and beverages
Transportation
Defense
Automotive
Textile
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
? How did the COVID-19 pandemichave an impact onthe adoption ofviaa range ofpharmaceutical andexistencesciences companies?
? What is the outlook for theaffectmarketall throughthe forecastlength2023-2032?
? What are the keydevelopmentsinfluencing thehave an impact onmarket? How will theyhave an impact onthe market in short-, mid-, and long-term duration?
? What is thegive uppersonappreciationtoward?
? What are the keyelementsimpacting thehave an effect onmarket? What will be therehave an impact onin short-, mid-, and long-term duration?
? What are the keypossibilitiesareas in theinfluencemarket? What is theirworkablein short-, mid-, and long-term duration?
? What are the keytechniquesadoptedviagroupsin thehave an effect onmarket?
? What are the keyutilityareas of theinfluencemarket? Whichutilityispredictedtokeepthevery bestincreaseattainableall throughthe forecastduration2023-2033?
? What is thefavoureddeploymentmannequinfor the impact? What is theboomconceivableofquite a numberdeploymentfashionsexistingin the market?
? Who are the keyceasecustomersof pharmaceutical quality? What is their respective share in theaffectmarket?
? Which regional market ispredictedtomaintaintheeasiestboompossiblein thehave an impact onmarketat some stage inthe forecastlength2023-2032?
? Which are the keygamersin thehave an impact onmarket?
Growth Hampering Factors in the Market:
Environmental regulations : Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market. Safety concerns: Safety concerns regarding the storage and transportation of can limit their use. Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market. Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability. Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand. Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market. Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs. Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market. Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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