Backlight Module market size was valued at US$ 28600 million in 2023 and is estimated to reach US$ 49980 million by 2030 with a CAGR of 8.3% during review period.
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According to Publisher’s latest study, the global Backlight Module market size was valued at US$ 28600 million in 2023. With growing demand in downstream market, the Backlight Module is forecast to a readjusted size of US$ 49980 million by 2030 with a CAGR of 8.3% during review period.
Market Overview
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The research report highlights the growth potential of the global Backlight Module market. Backlight Module are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Backlight Module. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Backlight Module market.
Backlight module provides light source to the LCD panel , because the LCD itself does not radiate. In order to allow users can clearly see the picture on LCD displayer , we set up the backlight module to illuminate the LCD panel .From this ,we can see the information on LCD display. Therefore, “Backlight Module"" is one of the key components of the LCD panel. The backlight module is composed of the light source, light guide plate, optic films, and other mechanical parts .
Key Features:
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Manmayi Raval
Research Consultant
Market Drivers: Growing Need for LCD Displays: One of the main factors propelling the backlight module market is the growing need for LCD displays in televisions, smartphones, tablets, and other consumer devices.
Developments in Backlight Technology: The efficiency and performance of backlight modules are being improved by backlight technology innovations like mini-LED and micro-LED.
Growing Use of LED and OLED Displays: As a result of the increased use of these displays, which are renowned for their exceptional brightness and color accuracy, there is an increased need for sophisticated backlight modules.
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Growth of the automobile Display Market: The need for high-performance backlight modules is being driven by the growing use of displays in automobile applications, such as infotainment systems, heads-up displays, and dashboards.
Growth in Industrial and Medical Displays: The market is expanding as a result of the growing use of industrial and medical displays, which need for high performance and dependability.
Customers' Preference for Displays with High Resolution: Advanced backlight modules are becoming more and more in demand as consumers' taste for high-resolution displays on smartphones, laptops, and televisions grows.
Challenges: High Costs of modern Backlight Modules: The high costs of modern backlight modules, including mini-LED and micro-LED, can hinder market expansion, especially in emerging economies and among consumers on a tight budget.
Complex Manufacturing procedures: Backlight module manufacturers may find it difficult to meet the demands for extreme precision and quality control due to the intricate manufacturing procedures involved.
Logistics & Supply Chain Issues:It can be difficult to guarantee the effective distribution and transportation of backlight modules in order to preserve quality and availability, particularly in areas with poor infrastructure.
Sustainability and Environmental Concerns: The production and disposal of backlight modules have an adverse effect on the environment, which makes the development of environmentally friendly alternatives necessary.
Market Competition and Pricing Pressure: OLED and other alternative display technologies are posing a threat to the market, which will affect its profitability and market share.
Market Forecasts and Future Outlook: The growing popularity of LED and OLED displays, improvements in backlight technology, and the growing need for LCD displays are all anticipated to fuel the robust growth of the backlight module market globally between 2024 and 2030. Sustained growth will need addressing issues like high costs and environmental concerns. There are plenty of chances in this sector to innovate, grow into new areas, and provide cutting-edge, high-performing backlight solutions.
Opportunities: Adoption of modern Manufacturing Technologies: Improving the accuracy and efficiency of backlight module production through the use of modern manufacturing technologies, such as automation and precision engineering, can give an advantage over competitors.
Growth into Emerging Markets: There is a lot of room for expansion in emerging markets, where there is a growing demand for high-quality displays as well as growth in the electronics and automotive industries.
Highlighting Micro- and Mini-LED Technologies Growth can be accelerated by creating backlight modules based on mini-LED and micro-LED technologies, which provide better brightness and color accuracy.
Forming strategic relationships and collaborations with technology businesses, research institutions, and display makers can boost market penetration and stimulate innovation.
Recyclable parts and energy-efficient production are two examples of sustainable and environmentally friendly materials and processes that can be invested in to meet legal requirements and draw in environmentally conscientious customers.
Improved Aftermarket Services and Customer Support: Providing thorough aftermarket services and customer support, such as upkeep, repair, and training, can increase client happiness and loyalty.
Market Segmentation:
Backlight Module market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
1. Segmentation by type
• Small and Medium Size
• Large Size
2. Segmentation by application
• Consumer Electronics
• Automobile
• Medical
• Industrial
• Others
Regional Insight: North America: Thanks to substantial disposable incomes, considerable consumer spending on electronics, and the presence of large display producers, North America leads the industry. With a strong market for sophisticated backlight modules in consumer electronics and automotive applications, the United States plays a significant role.
Europe: Europe is right behind, led by nations like Germany, France, and the United Kingdom. The area promotes quality, innovation, and sustainability, which propels the use of cutting-edge backlighting technology.
Asia-Pacific: Because of its quick industrialization, rising disposable incomes, and growing demand for consumer electronics, this area is predicted to develop at the fastest rate. Three important markets with significant room for expansion are China, Japan, and South Korea.
Latin America: The region's market is expanding gradually due to factors including rising investments in the electronics and automotive industries, rising urbanization, and economic development. The two largest markets are Mexico and Brazil.
Middle East and Africa: Due to economic diversification, urbanization, and rising infrastructure project investments, the Middle East and Africa region offers growth prospects. Notable markets with substantial potential are South Africa and the United Arab Emirates.
Korea is the largest Backlight Module market with about 32% market share. China is follower, accounting for about 30% market share.
1. Americas
• United States
• Canada
• Mexico
• Brazil
2. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
3. Europe
• Germany
• France
• UK
• Italy
• Russia
4. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape: The key players are Radiant, Coretronic, Heesung Electronics, Forhouse, chilin Opto, Kenmos Technology, Forward Electronics, Taesan LCD, Hansol LCD, DS LCD, New Optics, DID, sharp, Stanley, CPT, HannStar, Minebea, OMRON, K-Bridge, Skyworth, Hisense etc. Top 3 companies occupied about 36% market share.
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• Radiant Opto-Electronics Corporation
• Coretronic Corporation
• Sankyo Seiko Science & Technology Ltd.
• Highbroad Advanced Material (Hefei) Co., Ltd.
• WAICHI
• Shenzhen Techaser Technologies Co.,Ltd.
• Shenzhen Longli Technology Co.,Ltd.
• Jiangxi Lianchuang Optoelectronic Science and Technology Co., Ltd.
• Shenzhen City Yamamoto photoelectric Co., Ltd.
• MinebeaMitsumi Inc.
• Ways Electron Co., Ltd.
• Shenzhen Baoming Technology Co.,Ltd.
• Antarctic Shenzhen Optoelectronic Technology Co., Ltd.
• Xiamen Honghan Optoelectronic Technology Co., Ltd.
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Backlight Module Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Backlight Module by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Backlight Module by Country/Region, 2019, 2023 & 2030
2.2 Backlight Module Segment by Type
2.2.1 Small and Medium Size
2.2.2 Large Size
2.3 Backlight Module Sales by Type
2.3.1 Global Backlight Module Sales Market Share by Type (2019-2024)
2.3.2 Global Backlight Module Revenue and Market Share by Type (2019-2024)
2.3.3 Global Backlight Module Sale Price by Type (2019-2024)
2.4 Backlight Module Segment by Application
2.4.1 Consumer Electronics
2.4.2 Automobile
2.4.3 Medical
2.4.4 Industrial
2.4.5 Others
2.5 Backlight Module Sales by Application
2.5.1 Global Backlight Module Sale Market Share by Application (2019-2024)
2.5.2 Global Backlight Module Revenue and Market Share by Application (2019-2024)
2.5.3 Global Backlight Module Sale Price by Application (2019-2024)
3 Global Backlight Module by Company
3.1 Global Backlight Module Breakdown Data by Company
3.1.1 Global Backlight Module Annual Sales by Company (2019-2024)
3.1.2 Global Backlight Module Sales Market Share by Company (2019-2024)
3.2 Global Backlight Module Annual Revenue by Company (2019-2024)
3.2.1 Global Backlight Module Revenue by Company (2019-2024)
3.2.2 Global Backlight Module Revenue Market Share by Company (2019-2024)
3.3 Global Backlight Module Sale Price by Company
3.4 Key Manufacturers Backlight Module Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Backlight Module Product Location Distribution
3.4.2 Players Backlight Module Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Backlight Module by Geographic Region
4.1 World Historic Backlight Module Market Size by Geographic Region (2019-2024)
4.1.1 Global Backlight Module Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Backlight Module Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Backlight Module Market Size by Country/Region (2019-2024)
4.2.1 Global Backlight Module Annual Sales by Country/Region (2019-2024)
4.2.2 Global Backlight Module Annual Revenue by Country/Region (2019-2024)
4.3 Americas Backlight Module Sales Growth
4.4 APAC Backlight Module Sales Growth
4.5 Europe Backlight Module Sales Growth
4.6 Middle East & Africa Backlight Module Sales Growth
5 Americas
5.1 Americas Backlight Module Sales by Country
5.1.1 Americas Backlight Module Sales by Country (2019-2024)
5.1.2 Americas Backlight Module Revenue by Country (2019-2024)
5.2 Americas Backlight Module Sales by Type
5.3 Americas Backlight Module Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Backlight Module Sales by Region
6.1.1 APAC Backlight Module Sales by Region (2019-2024)
6.1.2 APAC Backlight Module Revenue by Region (2019-2024)
6.2 APAC Backlight Module Sales by Type
6.3 APAC Backlight Module Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Backlight Module by Country
7.1.1 Europe Backlight Module Sales by Country (2019-2024)
7.1.2 Europe Backlight Module Revenue by Country (2019-2024)
7.2 Europe Backlight Module Sales by Type
7.3 Europe Backlight Module Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Backlight Module by Country
8.1.1 Middle East & Africa Backlight Module Sales by Country (2019-2024)
8.1.2 Middle East & Africa Backlight Module Revenue by Country (2019-2024)
8.2 Middle East & Africa Backlight Module Sales by Type
8.3 Middle East & Africa Backlight Module Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Backlight Module
10.3 Manufacturing Process Analysis of Backlight Module
10.4 Industry Chain Structure of Backlight Module
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Backlight Module Distributors
11.3 Backlight Module Customer
12 World Forecast Review for Backlight Module by Geographic Region
12.1 Global Backlight Module Market Size Forecast by Region
12.1.1 Global Backlight Module Forecast by Region (2025-2030)
12.1.2 Global Backlight Module Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Backlight Module Forecast by Type
12.7 Global Backlight Module Forecast by Application
13 Key Players Analysis
13.1 Radiant Opto-Electronics Corporation
13.1.1 Radiant Opto-Electronics Corporation Company Information
13.1.2 Radiant Opto-Electronics Corporation Backlight Module Product Portfolios and Specifications
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