Global Electroluminescent Display Market – Industry Trends and Forecast to 2029

Global Electroluminescent Display Market, By Film Type (Transparent Thin Film Electroluminescent Display, Non-Transparent Thin Film Electroluminescent Display), Material Type (Electroluminescent Wire, Electroluminescent Strips/Tapes, Electroluminescent Panels), End-User (Advertising, Food and Beverages, Transportation and Automotive, Construction/Architectural and Commercial Lighting, Textile Market, Others) – Industry Trends and Forecast to 2029.

Electroluminescent Display Market Analysis and Size

The electroluminescent display panels render the illustration with immense, velocity, luster, variation and broad angle presentation. The escalating utilization of electroluminescent layouts in pharmaceuticals, protection and military apparatus businesses is escalating the electroluminescent display market within the forecasted period from 2022-2029. Moreover, the increasing advancements in the products that utilize moderate power and the increased demands across the globe are the main factors driving the growth of the electroluminescent market over the forecasted period.

Global electroluminescent display market was valued at USD 32,893.20 million in 2021 and is expected to reach USD 54030.52 million by 2029, registering a CAGR of 6.40% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Electroluminescent Display Market Scope and Segmentation

Market Definition

Electroluminescent display (ELD) is a flat panel display produced between two layers of conductors by placing the layer of luminescent material such as GaAs. The layer of material releases radiation in the visible part of spectrum as the current flows. The electroluminescent display is commonly used in three major sectors of productions industrial, instrumentation and transport and various other end users.

Global Electroluminescent Display Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Increased innovations in the product

The increased innovations in panels and other products are the main factors driving the growth of the electroluminescent display market over the forecasted period. The increasing innovations such as the development of displays which consume low power and reduced product costs are increasing the demands for electroluminescent displays across the globe. Moreover, they offer enhanced viewing experience such as enhanced still images, moving photos and videos and others. All these factors are expected to drive the growth of the electroluminescent display market over the forecasted period.

• Environment-friendly solutions

As consumers are becoming more aware of the environmental issues created by the usage of the display panels, the high demands of the electroluminescent display panels are being recorded. They are the standard choice for low-cost digital displays and are actively replacing the physical board/meters to enhance visibility criteria. They are becoming more relevant options due to the reduced power consumption and inherent compatibility witn solar energy resources. All these factors are driving the growth of the market over the fotecasted period.

Opportunities

• Growing penetration and advancements

The growing penetration of electroluminescent display products along various end-users is the factor generating lucrative growth opportunities for the electroluminescent display market over the forecasted period. Moreover, the new companies and businesses are redefining the fundamental business aspects and focusing on establishing their operations with more enhancements for the products. All these factors are generating lucrative growth opportunities for the electroluminescent display market over the forecasted period.

Restraints/Challenges

• Low quality representation

The diminishing customer need due to the low-quality representation and conversion of corporation investments towards different technologies are the factors projected to create challenges for the electroluminescent display market over the forecast period.

This electroluminescent display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electroluminescent display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Covid-19 impact on Electroluminescent Display Market

The covid-19 has led to a severe crisis across the world and several causalities. Supply chain disruptions were created due to the lockdown that was being imposed in several regions. Key manufacturers of quantum dost were severely affected during the first two quarters of 2020 due to the outbreak of the pandemic. Hence, an imbalance in the demand and supply was witnessed, leading to companies not manufacturing to their complete capacity. However, in the third quarter of 2020, lockdowns were lifted, leading to the market's steady recovery with a significant increase in the demand.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Electroluminescent Display Market Scope

The electroluminescent display market is segmented on the basis of film type, material type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Film Type

• Transparent Thin Film Electroluminescent Display
• Non-Transparent Thin Film Electroluminescent Display

Material Type

• Electroluminescent Wire
• Electroluminescent Strips/Tapes
• Electroluminescent Panels

End-User

• Advertising
• Food and Beverages
• Transportation and Automotive
• Construction/Architectural
• Commercial Lighting
• Textile Market
• Others
• Medical instrumentation
• Business/POS
• Defense
• Transportation

Electroluminescent Display Market Regional Analysis/Insights

The electroluminescent display market is analyzed and market size insights and trends are provided by film type, material type and end-user as referenced above.

The countries covered in the electroluminescent display market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the electroluminescent display market because of good scope of OLED and LED enabled panel instalments, rising disposable income and potential market player’s entrance within the region.

North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to advanced internet and broadband connections, smartphone penetration and rising consumer demands within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Electroluminescent Display Market Share Analysis

The electroluminescent display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electroluminescent display market.

Some of the major players operating in the electroluminescent display market are

• Planar Systems (U.S.)
• SHARP CORPORATION (Japan)
• Beneq (Finland)
• iFire Group Ltd. (U.S.)
• Crystal Display Systems Ltd (U.K.)
• Sony Corporation (Japan)
• Japan Display Inc. (Japan)
• Panasonic Life Solutions India Pvt. Ltd. (Japan)
• Tokyo Electron Limited. (Japan)
• Lumineq. (Finland)