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Electroluminescent (EL) Displays Market Trends

Report ID: GMI11976
Published Date: Oct 2024
Report Format: PDF

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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.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global electroluminescent displays industry was valued at USD 34.5 billion in 2023 and is estimated to grow at a 7.2% CAGR from 2024 to 2032, driven by increased demand from the automotive and computer industries.

The electroluminescent wire segment is forecasted to achieve a valuation of USD 20.4 billion by 2032, driven by its ability to create intricate shapes and patterns.

The United States electroluminescent displays market is poised for significant growth, driven by advanced internet infrastructure, high smartphone adoption rates, and increasing consumer demands.

Key players in the industry include Nejilock Technology Pte Ltd, Lumineq, Materiability Research Group, EL International Ltd, Orbit Electronics Group, Nixology.uk, Technomark, Inc., Printed Electronics Ltd, LumaMedia,intl, and Planar Systems.