The global electroluminescent display market is experiencing steady growth, driven by its applications in three major sectors: industrial, instrumentation, and transport. ELDs are flat panel display constructed with luminescent materials between two layers of conductors, emitting visible radiation when current flows. These displays find wide usage in diverse end-user industries due to their energy efficiency, thin profile, and high visibility. With continuous advancements in materials and technologies, the market is expected to expand further.
According to Data Bridge Market Research, the 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.
“Increased innovations in electroluminescent display technology facilitate market growth”
Increased innovations in electroluminescent display technology act as a key driver of the global market. Manufacturers and researchers are continuously exploring new materials, manufacturing processes, and design techniques to enhance the performance and capabilities of EL displays. These innovations lead to improvements in image quality, color accuracy, brightness, and energy efficiency. Additionally, advancements in flexible and transparent EL displays open up new application possibilities in wearable devices, automotive displays, and smart home appliances. The drive for innovation stimulates market growth, attracting consumers and industries seeking cutting-edge display solutions.
What restraints the growth of the global electroluminescent display market?
“Low-quality representation of images and visuals on electroluminescent displays”
The low-quality representation of images and visuals on electroluminescent displays serves as a significant restraint on the global market. Compared to other display technologies like OLED and LED, EL displays may offer lower resolution and color fidelity, leading to less vibrant and crisp images. This limitation hinders their adoption in applications where high-quality visual representation is crucial, such as high-definition TVs and professional displays. As consumers and industries seek better display experiences, the perceived lack of quality in electroluminescent displays can limit their market growth and competitiveness.
Segmentation: Global Electroluminescent Display Market
The electroluminescent display market is segmented on the basis of film type, material type, and end-user.
- On the basis of film type, the electroluminescent display market is segmented into transparent thin film electroluminescent display, and non-transparent thin film electroluminescent display.
- On the basis of material type, the electroluminescent display market is segmented into electroluminescent wire, electroluminescent strips/tapes, and electroluminescent panels.
- On the basis of end-user, the electroluminescent display market is segmented into advertising, food and beverages, transportation and automotive, construction/architectural and commercial lighting, textile market, and others.
Regional Insights: Asia-Pacific dominates the Global Electroluminescent Display Market
Asia-Pacific's dominance in the electroluminescent display market is driven by the extensive adoption of OLED and LED-enabled panel installations, buoyed by the region's rising disposable income and the potential entry of market players. These factors create a conducive environment for the growth of electroluminescent display technologies and their applications across various industries, including consumer electronics, automotive, and advertising.
North America is poised to experience substantial growth in the electroluminescent display market during 2022-2029. The region's advanced internet and broadband connections, high smartphone penetration, and increasing consumer demands create a strong market ecosystem for electroluminescent displays. As a result, there is a growing demand for energy-efficient and innovative display technologies in the region, driving the adoption of electroluminescent displays in various sectors.
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The Prominent Key Players Operating in the Global Electroluminescent Display Market Include:
- 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)
Above are the key players covered in the report, to know about more and exhaustive list of global electroluminescent display market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Electroluminescent Display Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
