Electroluminescent Display Market Outlook – 2027
Electroluminescent Display (ELD) is technically a type of flat panel display produced between two layers of conductors by simply placing a layer of electroluminescent material such as GaAs. The layer of material releases radiation in the visible part of the spectrum as current flows. The pictures shown on the electroluminescent displays are generated by applying electrical signals to both the plates that make the phosphorous glow. The electroluminescent displays are commonly used on the market in three major sectors of production-industrial, instrumentation, and transport. The cost of producing electroluminescent displays for phones and computers, such as organic and flexible ELDs, is quite low resulting in high widespread adoption of such display technologies.
The global electroluminescent display market is segmented on the basis of type of film, end users, and region. Based on type of film, the market is divided into transparent thin film and non-transparent thin film. In terms of end users, the market is categorized into medical instrumentation, business/ POS, defense, transportation, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global electroluminescent display industry include Planar Systems, Inc., Sharp Corporation, Lumineq, iFire Technology Corporation, Crystal Display Systems Ltd., Sony Corporation, Japan Display Inc., Panasonic Corporation, Tokyo Electron and Electronics Co. Ltd. . These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global electroluminescent display market.
COVID-19 Scenario Analysis
- COVID-19 can affect the global electroluminescent display market forecast in various ways such as impact over production and demand, disrupted supply chain and market, and financial downtime impact on corporations and financial markets.
- Some of Panasonic Corporation’s businesses in Japan, parts of Asia, Europe and the Americas are being affected by temporary suspensions, state of emergency declarations and lockdowns by governments. While in China and Northeast Asian region, all 85 legal entities involved themselves in sales and manufacturing operations.
- The supply chain and parts procurement of Tokyo Electron seem to be partially affected due to the close coordination with their customers.
Top Impacting Factors
The growing demand for consumer electronics has accelerated the implementation for electronic displays such as flat panel displays. Such displays help in offering enhanced viewing experience for still images, moving photos, and texts through diverse consumer electronic devices such as personal computers, handheld devices, laptops, and others. The electroluminescent displays have an increased-speed, brightness, contrast, and wide-angle view view. The growing use of electroluminescent displays on the market for medical, defense and military equipment also drives the growth of the demand for electroluminescent displays.
Growing advancements in the electroluminescent displays, such as the development of displays which consume low electricity, also are factors that further drive market growth. Decreasing customer demand is hindering the growth of the global market for electroluminescent displays owing to the reduced-quality picture and changing focus of manufacturers towards other technologies. Electroluminescent displays also have implementations that are restricted to devices requiring distinct features such as robustness, operating speed, brightness and others. These factors further hinder the development of the demand for electroluminescent displays.
Global Demand for Electroluminescent Displays is Expected to Create Market Opportunities
The industry has expanded at a phenomenal pace over the past few years and is expected to show substantial growth over the next few years due to increase in per capita income and increased disposable income. Growing technological advances along with the development of innovative low-cost products and growing IT services industry expenditure are envisaged to fuel demand over the forecast period for the global electroluminescent display market. Furthermore, governments have raised their emphasis on the ICT sector in high-income countries.
North America to Offer Opportunities for Expansion of the Market
The market in the region of North America provide opportunities for the growth of Electroluminescent display market which is expected to profit several market players. Advanced internet connections, broadband connections, smartphone penetration and further growth in consumer demand for advanced products, combined with business need for agility, is expected to accelerate North American market growth. In the U.S., growth in income of citizens and increase in trends for emerging technology are expected to improve the acceptance of ICT-sector products and services. Furthermore, increase in demand for electroluminescent displays, the new companies are redefining fundamental business aspects and focusing on establishing their operations.
Companies producing ELDs concentrate on technology development to significantly raise the applications under different verticals. Vendors are also committed to offering electroluminescent display solutions for the equipment and consumer goods industries, as these displays seek a wide range of applications in which displays with several colors are not required.
Key Benefits of the Report
- This study presents the analytical depiction of the global electroluminescent display industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global electroluminescent display market share.
- The current market is quantitatively analyzed to highlight the global electroluminescent display market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global electroluminescent display market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Electroluminescent Display Market Research Report
- Which are the leading market players active in the electroluminescent display market size?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the electroluminescent display market trends?
- What are the projections for the future that would help in taking further strategic steps?
Electroluminescent Display Market Report Highlights
| Aspects | Details |
 By Film Type |
|
 By Material |
|
 By End User |
|
 By Region |
|
 Key Market Players | Beneq, Sharp Corporation, iFire Group Ltd., Planar Systems, Inc., Sony Corporation, Tokyo Electron and Electronics Co. Ltd., Japan Display Inc., Panasonic Corporation, Crystal Display Systems Ltd., Nejilock Technology Pte Ltd |
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