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

Electroluminescent Displays Market Size

The global electroluminescent displays market size was valued at USD 34.5 billion in 2023 and is estimated to grow at a CAGR of 7.2% from 2024 to 2032, driven by the surge in demand from automotive and computer industry, rising inclination towards energy-efficient displays, coupled with the increasing popularity of wearable devices.
 

The electroluminescent layer is manufactured from zinc sulfide fixed with multiple materials to improve brightness. These displays are gaining high popularity for having a thin profile, versatile, and producing uniform illumination, which are ideal for a variety of uses. Technological advancements have significantly improved their performance, enhancing image quality, color accuracy, brightness, and energy efficiency. These displays are particularly valued for their low power consumption, making them ideal for energy-sensitive applications like wearable devices and portable electronics.
 

The soaring demand for thin and flexible displays is acting as a key driving factor the business development during the estimated period. The shift towards using lightweight and flexible electronics across range of applications including smartphones and wearables, which, in turn, prompting the adoption of EL displays as it can easily integrated into slim designs. Electroluminescent displays are preferred in industrial and instrumentation applications due to their durability, high visibility in various lighting conditions, and thin profile.
 

Electroluminescent Displays Market Trends

The industry is growing significantly due to technological advancements, increased demand for innovative display solutions, and expanding applications across industries. While EL displays compete with OLED and LCDs, especially in large-screen applications, their energy efficiency, durability, and environmental advantages make them appealing in defense, healthcare, and industrial sectors. As demand for flexible, eco-friendly, and energy-efficient displays grows, the EL display market is set for further expansion, supported by material science innovations and the integration of displays into smart devices and environments.
 

The electroluminescent (EL) display market faces challenges such as high production costs and a limited color range, which may restrict widespread adoption in certain industries. However, several factors are driving industry progression. The increasing demand for energy-efficient and durable display solutions across various sectors is a key driver.
 

Electroluminescent Displays Market Analysis

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

• Electroluminescent wire segments are propelling the growth of Electroluminescent displays. Their lightweight and flexible design facilitates easy integration into diverse formats, enabling the creation of intricate shapes and patterns that boost aesthetic appeal. Electroluminescent technology, celebrated for its low power consumption, becomes especially enticing for battery-operated devices and applications prioritizing energy conservation. The adaptability of electroluminescent wires spans a multitude of sectors, from automotive lighting and advertising to consumer electronics and wearable tech.
   
• Additionally, the Electroluminescent (EL) strips/tapes segment also holds a dominant position in the electroluminescent displays market, primarily due to its versatility and expanding applications across various industries. These lighting solutions, characterized by their flexibility, energy efficiency, and thin profile, are extensively utilized in sectors such as advertising, safety illumination, interior design, and wearable technology. Their capability to deliver uniform, low-power illumination in diverse shapes and dimensions renders them highly suitable for customized lighting applications.

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

• In the food and beverages segment, electroluminescent displays have gained popularity due to their vibrant and dynamic visuals that attract consumers' attention in retail settings, enhancing the presentation of products. These displays create eye-catching signage and packaging designs, making them an effective marketing tool for brands to stand out in competitive markets.
   
• Electroluminescent displays are increasingly integrated into packaging, providing real-time information such as temperature, freshness indicators, and expiration dates. This integration enhances the consumer experience and promotes food safety by ensuring customers are informed about the condition of the products they purchase.

United States is poised for significant progression in the electroluminescent displays market. This expansion is driven by factors such as advanced internet infrastructure, high smartphone adoption rates, and increasing consumer demands. EL displays are extensively utilized in industrial, instrumentation, and transportation sectors, valued for their energy efficiency, slim profile, and high visibility. These displays are also gaining traction in wearable devices, automotive applications, and smart home appliances.
 

The market is further propelled by a growing trend towards innovative and visually engaging consumer experiences. Companies are increasingly integrating EL technology into product packaging, signage, and promotional materials to enhance brand visibility and attract consumer attention. This trend is particularly prominent in the retail and food and beverage industries, where impactful displays can significantly influence purchasing decisions.
 

The Indian electroluminescent displays market is experiencing substantial progress, propelled by the expanding electronics sector. Manufacturers are increasingly adopting EL displays for consumer electronics due to their flexibility and energy efficiency. The rising adoption of smartphones, wearables, and other consumer devices is fueling the need for high-quality displays. EL displays are becoming popular among manufacturers aiming to improve user experiences. In the retail sector, there is a growing demand for remarkable displays.
 

China market remains a dominant player in the global market due to its China's dominance in electronics manufacturing drives substantial demand for advanced display technologies, including EL displays. The country's robust supply chain and manufacturing infrastructure support the production and integration of EL technology across various electronic products.
 

In South Korea, the evolution of the electroluminescent (EL) displays market is attributed by the ongoing research and development in EL displays, including improvements in color accuracy, brightness, and energy efficiency, enhance their appeal for various applications. Additionally, the growing trend towards smart homes and the Internet of Things (IoT) increases demand for innovative display solutions that integrate into connected devices and appliances.
 

Japan maintains is also accounted with substantial number of market shares in the Electroluminescent market with strong position in technological innovation, particularly in the electronics and display industries. Japanese firms are investing heavily in research and development to enhance electroluminescent (EL) display technology, with a focus on improving brightness, color accuracy, and energy efficiency.
 

Electroluminescent Displays Market Share

Competition in the market is driven by several pivotal factors: product innovation, price competitiveness, and differentiation. Manufacturers plays significant roles in the research, development, and commercialization of electroluminescent display technologies. The ongoing innovations and collaborations within this market are expected to drive expansion and diversification in the applications of electroluminescent displays across various industries.
 

Electroluminescent Displays Market Companies

Major players operating in the electroluminescent (EL) 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.
   

The 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