Posted in | News | Display | Imaging

TechNavio Predicts 4% CAGR Growth for Global LCD Backlight Unit Market During 2014-2018

Nov 10 2014

The increasing popularity of flat panel displays (FPDs) among consumers will help the Global LCD Backlight Unit Market grow at a CAGR of 4 percent from 2014-2018, says research firm TechNavio.

FPDs are more popular than conventional display systems because of their light weight and high display quality. The increased popularity of LCD devices is expected to drive the adoption of LCD backlight units and foster growth of this market.

About the Report

According to the new report from TechNavio, the modest growth in this segment can be attributed to OEMs in the Global LCD Backlight Unit Market that continuously add new features to their products, thus resulting in the consistent launch of innovative new products.

“Display systems have witnessed technological shifts from CRT to CCFL backlight units and now to LED backlight units,” says Faisal Ghaus, Vice President of TechNavio.

“The push for technological innovation in this market is expected to spur demand for LCD backlight units, as the acceptance of LED-backlit LCD technology has already resulted in an increase in flat panel display sales.”

The reduced thickness of substrates in FPDs also facilitates the use of thin and light LCD panels and this is expected to increase the demand for FPDs and LCD backlights in the coming years.

Key Information Covered in the Report:

Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increase in Popularity of FPDs
- For a full detailed list, view our report.
Market Challenges:
- Low Demand for LCDs
- For a full detailed list, view our report.
Market Trends:
- Technological Innovations
- For a full detailed list, view our report.
Key Vendors:
- Coretronic Corp.
- Heesung Electronics Ltd.
- Radiant Opto-electronic Corp.
- Taesan Engineering Co. Ltd.
Other Prominent Vendors:
- Forhouse
- Hansol Technics
- Kenmos Technology