LCD Backlight Unit (BLU) Market size is estimated to be USD 4.5 Billion in 2024 and is expected to reach USD 7.8 Billion by 2033 at a CAGR of 7.2% from 2026 to 2033.
In 2022, the global LCD Backlight Unit (BLU) market was valued at approximately USD 2.2 billion and is projected to grow to USD 3.3 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.8% over the forecast period. This growth is driven by the increasing demand for high resolution displays in consumer electronics, advancements in display technologies such as mini LEDs, and the expanding applications of LCD BLUs in sectors like automotive and healthcare. Regionally, the Asia Pacific dominates the LCD BLU market, accounting for over 40% of the global share. This dominance is attributed to the presence of major electronics manufacturers and high consumer demand for advanced displays in countries like China, Japan, and South Korea. North America and Europe also hold significant market shares, driven by the adoption of high resolution displays in consumer electronics and professional applications, as well as strong R&D activities. Emerging markets in Latin America and the Middle East are experiencing gradual growth due to rising urbanization and increased disposable incomes, contributing to the expanding consumer electronics sectors in these regions.
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Omron
Song Shang Electronics
Radiant Opto-Electronics
Hansol Technics
TaeSan
Did
Forward Electronics
Heesung Electronics
Chi Lin Optoelectronics
New Optics
Kenmos Technology
Coretronic
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global LCD Backlight Unit (BLU) Market
Edge-lit LED
Direct-lit LED
Mini-LED
Micro-LED
Televisions
Monitors
Smartphones
Tablets
Automotive Displays
Consumer Electronics
Healthcare
Advertising
Education
Gaming
White LED
RGB LED
Quantum Dot LED
OLED
Residential
Commercial
Industrial
Institutional
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global LCD Backlight Unit (BLU) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global LCD Backlight Unit (BLU) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global LCD Backlight Unit (BLU) Market, By Type
6. Global LCD Backlight Unit (BLU) Market, By Application
7. Global LCD Backlight Unit (BLU) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global LCD Backlight Unit (BLU) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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