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LED Backlighting Market- What are the main factors that contributing towards industry growth?

Author : Ronak Bora | Published Date : 2019-03-28 

Asia Pacific LED backlighting market size is forecast to record significant growth from 2016 to 2023. This can be attributed to the presence of a large number of OEMs, ODMs, and electronic device manufacturers such as Samsung, Xiaomi, LG, ZTE, HTC, Huawei, Acer, Lenovo, Sony, and Asus across the region.

LED backlighting market is anticipated to experience substantial growth from 2016 to 2023. Low power consumption, light and slim form factor, and high product differentiation are the key driving factors over the forecast period.

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Features offered such as dimming backlight capability as well as wide color gamut is expected to propel LED backlighting market growth. However, irregular availability of components may pose a challenge. LED lighting market size is expected to exceed USD 75 billion by 2023, and is estimated to account for majority of the overall lighting industry.

Escalating penetration in TFT LCDs (Thin-Film-Transistor Liquid-Crystal Displays) is likely to raise various issues such as cost management, chip availability as well as changes in backlight structure. Manufacturers are evaluating the strategy for optimal backlight availability. Thus, supply chain management is predicted to be a critical success factor for panel manufacturers and is likely to impact the LED backlighting market size.

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Falling LED chips price trend may negatively impact the LED backlighting market share over the next seven years. Rising prominence and increasing adoption of substitute technologies such as OLED is likely to hamper industry growth. In addition, display and power advantages offered by OLED systems may pose a challenge to the LED backlighting industry from 2016 to 2023.

Japan is expected to witness considerable growth prospects as the country is the manufacturing hub for various automobile manufacturers such as Honda, Toyota, Nissan, Mitsubishi, and Suzuki. In addition, escalating integration of infotainment devices by these companies may fuel LED backlighting market growth over the forecast period.

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Key participants comprising LED backlighting market share include Maxim Integrated, Linear Technology, NXP Semiconductors, Texas Instruments, and ON Semiconductor. Other prominent players in the industry are Analog Devices, Advanced Analogic Technologies, Austria Microsystems, Intersil, Infineon Technologies, iWatt, ROHM, Power Integrators, Semtech, Silicon Touch Technology, Supertex, and STMicroelectronics.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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