Electroluminescent (EL) Displays Market Size - By Film Type, Material, End User Analysis, Share, Growth Forecast, 2024 - 2032

Electroluminescent Displays Market Size

The global electroluminescent displays market was valued at USD 34.5 billion in 2023 and is estimated to grow at a CAGR of 7.2% from 2024 to 2032.
 

The rapid growth of the EL display market is attributed to the growing demand from automotive and computer sectors, and increasing popularity of wearable devices. The electroluminescent layer is composed of zinc sulphur mixed with several materials to increase the brightness. Because of their flexibility, multipurpose, and uniformly emitting light, these displays are becoming very popular in many applications. Technological advancements have significantly improved the performance of the display, improving color accuracy, image quality, brightness, and energy efficiency. These displays have very low power consumption making them suitable for energy-efficient applications such as portable electronics and wearable devices.

The increasing demand for thin and flexible displays is a major driver supporting the growth of EL displays. The adoption of flexible electronics in consumer electronics such as smartphones, wearables is prompting the growth of EL displays as it can easily integrated into slim designs. EL displays allows manufacturers to create screens that can be embedded in various products and surfaces to improve product usability. This flexibility is especially useful in fashion technologies, automotive interiors, and intelligent packaging, where design flexibility is needed. EL displays are widely used in industrial lighting and instrumentation due to factors such as high durability, high visibility and thin profile.
 

The energy efficiency of EL displays aligns with the increasing market demand for environmentally sustainable devices, appealing to eco-conscious consumers and businesses. As manufacturers continue to explore new uses for thin and flexible screens, the demand for EL display is expected to increase. Advancements in manufacturing processes, which optimize the production of EL displays in these high-demand formats, further contribute to market expansion and technological adoption across industries.
 

Electroluminescent Displays Market Trends

The market of EL displays is expected to grow significantly during the forecast period due to rise in demand for innovative display solutions & the expansion of industrial applications and technological. Their energy efficiency, environment friendly and long-term durability makes them ideal for defense, healthcare, other industrial applications. In addition, the advancements in materials science coupled with the growing integration of displays into innovative smart devices will further contribute to the expansion of the EL display market.
 

Electroluminescent Displays Market Analysis

The major challenges restraining the growth of EL display market are high production costs and limited color palettes, which may obstruct the adoption of these display in some industries. However, in low light environments, night vision equipment and other military equipment electroluminescence displays demonstrate superior performance. They also perform well in harsh environments, which is why they are used for communication systems on battlefields. In addition, government policies promoting energy conservation and environmentally friendly technologies have also helped the EL display market growth.
 

Based on type of material, the electroluminescent displays market is divided into Electroluminescent wire, Electroluminescent strips/tapes, and Electroluminescent panels. Electroluminescent wires are expected to reach a value of USD 20.4 billion by 2032.
 

• The growing popularity of electroluminescent wires is attributed to its lightweight and flexible nature enabling it to easily integrate into various formats, thus enabling creation of complex shapes and patterns that enhancing the visual appeal of the final product. The adaptability of electroluminescent wires spans a multitude of sectors, from automotive lighting and advertising to consumer electronics and wearable tech, driving market growth. Moreover, technological advancements in electroluminescent wires have heightened brightness and color vibrancy, amplifying the visual allure of electroluminescent displays.

Based on End User, the electroluminescent displays market is divided into food and beverages, transportation, defense, automotive, textile, and others.
 

• The food and beverage industry, electroluminescent displays have been increasingly adopted due to their vibrant and dynamic visuals that attract consumers' attention in retail settings, enhancing the presentation of products. Additionally, it serves as a very effective marketing tool for brands to stand out competitive environments using attractive signage and unique packaging displays. The use of electroluminescent display in packaging has evolved to includes many real-time indicators, such as temperature, quality, and expiry date. EL displays improve the experience of consumers and help ensure food safety by adequately informing customers about the products they buy.
   
• The electroluminescent display have also found various applications in the automotive sector. These displays are being incorporated in vehicles to improve driver assistance systems, digital instrument clusters, and user interfaces. These displays provide superior visibility, flexibility, and energy efficiency, which are used in dashboards, control panels, and interior lighting in vehicles. Also, the lightweight and durable nature of EL displays aligns with the automotive sector's emphasis on reducing vehicle weight to improve fuel efficiency, contributing to their growing importance in the transportation segment. 

The growth of EL displays in the United States is attributed to its high adoption in three major industries: military and aerospace, automotive and medical equipment. In military applications, EL displays are used for mission-critical equipment because they are reliable in harsh environments and have high visibility under variable lighting conditions. In addition, the automotive industry has adopted EL displays for dashboard displays in luxury vehicles because it has a better viewing angle In healthcare applications, EL displays are used in ultra portable diagnostic devices benefit from this technology because they have low energy consumption and a long average life. Finally, the EL display has saved energy oil consumption and is fully in line with increasing environmental restrictions and corporate social responsibility, which has increased its use in many other industries.
 

The Indian electroluminescent displays market is experiencing growth owing to the rapid growth in electronics industry. EL display panels are widely used in consumer electronics because of their efficiency and flexibility. The Indian retail sector also noted an increase in the demand for EL displays as retailers are increasingly implementing EL technology in signage, promotional materials, and packaging to capture consumer attention and enhance brand visibility, driving the growth of market during the forecast period.
 

In South Korea the growth of electroluminescent displays market is attributed to the research and development of EL screen, including advances in color reproduction, brightness and energy efficiency technologies. In addition, the growing trend towards smart homes and IoT emphasizes the need for the next generation of display technology to work with connected devices and gadgets. Smart home appliances use EL displays because these displays are less power-consuming and more flexible, thus supporting market growth. In addition, South Korea has largest global electronics companies, such as Samsung and LG, who are actively conducting research and development on new display technologies. Such a strong electronics sector generates good demand for EL displays, especially in consumer electronics, mobile phones, tablets and mobile devices. South Korean companies are battling intense competition to gain greater share of the market for advanced display technology development.
 

Electroluminescent Displays Market Share

In the electroluminescent displays industry, there is intense competition due to three key factors: product innovation, pricing efficiency and differentiation of the product's offering. The main players in the electronic display industry are actively engaged in the research, development and commercialization of electronic display. The expected increase in innovation and cooperation in this market is expected to stimulate the growth and expansion of electrical lighting display applications in various sectors.
 

Electroluminescent Displays Market Companies

Major players operating in the electroluminescent displays industry are:

• Nejilock Technology Pte Ltd
• Lumineq
• Materiability Research Group
• EL International Ltd
• Orbit Electronics Group
• Nixology. uk
• Technomark, Inc.
• Printed Electronics Ltd
• LumaMedia,intl
• Shanghai Keyan Phosphor Technology Co.,Ltd. (KPT)
• Ellumiglow, LLC
• Cochief Industrial Co., Ltd.
• Technolight
• Sony Corporation
• Planar Systems 
•  Sharp Corporation
• iFire Group Ltd.
• Japan Display Inc.
   

Electroluminescent Displays Industry News

• In May 2024, Samsung Display unveiled its inaugural QD-LED display at Display Week 2024. The 18-inch prototype, entirely fabricated through inkjet printing, represents a significant advancement in display technology. This innovative approach applies electrical current directly to quantum dots, eliminating the need for conventional LED or OLED components. The prototype features a resolution of 3200x1800 pixels (202 ppi) and achieves a brightness of 250 nits, establishing it as the largest QD-LED display showcased to date.
   
• In April 2023, the QL-Tex project launched to advance ambient lighting and display technology by integrating electroluminescence (EL) with textiles using colloidal quantum dots (QDs). Funded by the German Research Foundation (DFG), the initiative aims to enhance the performance and versatility of EL textiles known for their thin and robust nature. Researchers focuses on adapting EL technology for flexible fabrics, expanding the color range, and improving overall performance. Key objectives include developing white-luminous textiles with red-luminous QDs and reducing the operating voltage of EL textiles.
   

This electroluminescent displays market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2021 to 2032, for the following segments:

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Market, By Film Type

• Transparent thin film electroluminescent display
• Non-transparent thin film electroluminescent display

Market, By Material

• Electroluminescent wire
• Electroluminescent strips/tapes
• Electroluminescent panels

Market, By End User 

• Food and beverages
• Transportation
• Defense
• Automotive
• Textile
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa