Global Backlight Unit Market Outlook 2017-2022

Global backlight unit market is expected to grow at a significant CAGR of 4.8% by 2022 as the scope and its applications are rising enormously across the globe. The backlight unit is constructed by a plastic case, optical films, back-cover, light guide plate, and LED light bar. It helps to distribute light that makes one see the beautiful scene on the screen.

The factors that are playing a major role in the growth of market are the growing demand from end-users like driver assistance systems, outdoor displays, and indoor displays; rising use of enhanced technology, long service life, and the increasing popularity of flat-panel displays among the populace. However, the presence of substitutes and low demand for LCDs may restrain the overall market in the years to come. Backlight unit market is segmented based on product type, application, and region.

LED backlight units, LCD backlight units, and other product types could be explored in market in the forecast period. The market could be categorized based on applications like instrument/terminal, consumer electronics, electronic dictionary, automotive equipment, and others could be explored in the forecast period.

Backlight unit market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).

Globally, North America accounted for the significant share of the backlight unit market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the growing demand from end-users and the presence of key manufacturers in the region. The United States and Canada are the major consumers of a backlight unit in this region.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of a backlight unit in this region. The key players of backlight unit market are Taesan Engineering, Coretronic, Radiant Opto-electronic, Heesung Electronics, Kenmos Technology, Forhouse, and Hansol Technics. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

The global market for backlight unit (BLU) will grow at a CAGR of 4.8% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (notebook, pc monitor, smartphone, tv, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the backlight unit market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the backlight unit market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the backlight unit market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global backlight unit market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the notebook, pc monitor, smartphone, tv, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global backlight unit market.

Key Applications
- Notebook
- PC Monitor
- Smartphone
- TV

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Chilin
- Coretronic
- Darwin
- Digital Innovation Display (DID)
- e-LITECOM
- Hansol Technics
- Heesung Electronics
- Minebea
- New Optics
- Omron-precision
- Radiant
- Sankyo Seiko
- Shenzhen Baoming
- request free sample to get a complete list of companies

Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global backlight unit market?
- What are the challenges to market growth?
- Who are the key players in the backlight unit market?
- What are the market opportunities and threats faced by the key players?