Backlit Displays Market Set $69.76 Billion By 2032, CAGR: 8.0%

Backlit Displays Market Size Worth $69.76 Billion By 2032 | CAGR: 8.0%


The global backlit displays market size is expected to reach USD 69.76 billion by 2032, according to a new study by Polaris Market Research. The report “Backlit Displays Market Share, Size, Trends, Industry Analysis Report, By Type (Trade Show Display, Fabric Display, Vector Frame, SEG Popup Display, Others); By Display Technology; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising adoption of digital solutions by the population and the growing demand for digital signage in retail, hospitality, transportation, healthcare, real estate, and outdoor advertising are driving the demand for backlit displays. The increasing technological advancements in the display domain are expected to boost the potential of backlit displays in the coming years. For instance, in 2023, Samsung Electronics unveiled its 8 new range of LCD gaming monitors with Mini-LED Backlit technology.

Furthermore, the increasing research and development activities on display technologies by developing countries like China are expected to foster the growth of the backlit display market. As per the latest findings, China’s new display industry outstrips 490 billion yuan, leading to 36% of the global market share. This rising emphasis on the display and printing industries is likely to contribute to the growth of the market in the study period.

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The increasing expansion activities among key market players are likely to drive product launches in the market. Boe Technology Group in China is planning to initiate a new factory in Beijing with 29 billion yuan with a view to expanding its potential in virtual reality and mini-LED technologies. This investment is positively influencing global display technology and is expected to strengthen technological advancements in the coming years. The increasing use of backlit displays in tradeshows, theaters, airports, and ships is propelling its demand.

Furthermore, the ongoing new product innovations in the marketplace are having a positive impact on the global market. For instance, LG Business Solutions introduced a new range of outdoor direct-view LED displays, primarily for outdoor areas of cruise ships, in 2023. As companies step forward to cater to ongoing business needs, there will be huge growth potential for backlit technology in numerous fields.

Backlit Displays Market Report Highlights

  • The SEG popup display segment is anticipated to witness the highest growth in the coming years due to its portability and ease of set-up.
  • The LED segment accounts for the largest market share owing to its cost-effectiveness and longevity.
  • The tradeshows segment is projected to experience a larger revenue share due to the rising adoption among marketers.
  • Asia Pacific is expected to have the fastest growth owing to the increasing adoption of laptops driven by the prevalence of work-from-home culture.
  • The global players include Abex Exhibits, ABL Imaging Group, Camelback Displays, Creative Displays, Featherlite Exhibits, Godfrey Group, & LG Display.

Polaris Market Research has segmented the backlit displays market report based on type, display technology, application, and region:

Backlit Displays, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Trade Show Display
  • Fabric Display
  • Vector Frame
  • SEG Popup Display
  • Others

Backlit Displays, Display Technology Outlook (Revenue - USD Billion, 2019 - 2032)

  • LED
  • LCD
  • CCFL
  • Others

Backlit Displays, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Trade Shows
  • Events
  • Shopping Malls
  • Theatres
  • Airports
  • Retail Outlets
  • Others

Backlit Displays, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Backlit Displays Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 37.69 billion

Revenue forecast in 2032

USD 69.76 billion

CAGR

8.0% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Type, By Display Technology, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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