Electroluminescent (EL) Displays Market Size

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.

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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.