Overview and Scope
A backlit display refers to an electronic screen or panel where light is projected from behind the screen or display panel, illuminating the content and making it visible to the viewer. The primary purpose of backlighting is to enhance the visibility of images, text, or graphics on the display, especially in low-light conditions or when the ambient light is insufficient. They improve visual impact and attract attention in various settings, such as trade shows, retail stores, and events.
Sizing and Forecast
The backlit displays market size has grown strongly in recent years. It will grow from $32.79 billion in 2023 to $35.92 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to transition to LED backlighting, rise of high-resolution displays, smartphone proliferation, growth of the consumer electronics market, digital signage expansion.
The backlit displays market size is expected to see strong growth in the next few years. It will grow to $49.23 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to automotive display innovations, augmented and virtual reality growth, focus on energy efficiency, rise in remote work and education, advancements in flexible displays. Major trends in the forecast period include advancements in quantum dot technology, continued evolution of micro LED displays, smart home integration, and grid modernization initiatives.
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The backlit displays market covered in this report is segmented –
1) By Type: Trade Show Displays, Fabric Display, Vector Frame, Silicone-Edge Graphics (SEG) Popup Display, Other Types
2) By Technology: Light Emitting Diode (LED), Liquid Crystal Display (LCD), Cold Cathode Fluorescent Lamps (CCFL), Other Technologies
3) By Application: Trade Shows, Events, Shopping Malls, Theatres, Airports, Retail Outlets, Other Applications
North America was the largest region in the backlit display market in 2023. The regions covered in the backlit displays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth of e-commerce is expected to propel the growth of the backlit displays market moving forward. E-commerce refers to the buying and selling of goods and services over the Internet or other electronic systems. The exponential growth of e-commerce due to the combination of convenience, accessibility, competitive pricing, and personalized shopping experiences transformed traditional retail, offering convenience and accessibility to a global consumer base. Backlit displays are an essential component of e-commerce platforms, helping to create visually appealing and engaging shopping experiences that drive sales and customer satisfaction. For instance, in November 2023, according to the United States Census Bureau, a US-based government agency, total e-commerce sales in 2023 reached $1,118.7 billion, marking a 7.6% increase from 2022. Further, total e-commerce sales in 2023 constituted 15.4 percent, compared to 14.7% in 2022. Therefore, the growth of e-commerce is driving the growth of the backlit displays market.
Key Industry Players
Major companies operating in the backlit displays market are Samsung Electronics Co. Ltd., NEC Corporation, BOE Technology Group Co. Ltd., LG Display Co. Ltd., Sharp Corporation, Epson America Inc., Acer Inc., Innolux Corporation, AU Optronics Corporation, Tianma Microelectronics Co. Ltd., Japan Display Inc., Barco NV, Visionox Technology Co. Ltd., BenQ Corporation, HannStar Display Corporation, ViewSonic Corporation, Abex Exhibits LLC, Nomadic Display, Featherlite Exhibits Corporation, The Godfrey Group Inc., TPV Technology Ltd., Poster Garden LLC, Megaprint Inc., ABL Imaging Group Inc., Creative Displays Inc., ELO Touch Solutions Inc., Power Graphics Digital Imaging Inc., Redcliffe Imaging Limited, Skyline Exhibits Inc., Camelback Displays Inc.
The backlit displays market report table of contents includes:
1. Executive Summary
2. Backlit Displays Market Characteristics
3. Backlit Displays Market Trends And Strategies
4. Backlit Displays Market – Macro Economic Scenario
5. Global Backlit Displays Market Size and Growth
………….
32. Global Backlit Displays Market Competitive Benchmarking
33. Global Backlit Displays Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Backlit Displays Market
35. Backlit Displays Market Future Outlook and Potential Analysis
36. Appendix
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