Industry Background:
Backlight Module is the light source of TFT-LCD, is constructed by optical films, LED light bar, light guide plate, back-cover, and plastic case. As the liquid crystal molecule only functions as the penetration level that doesn't illuminate impulsively, it is necessary to add a backlight module to distribute the light that makes the user see the beautiful scene on the screen. Therefore, the backlight module is the key part of TFT-LCD. Not only as the light source of TFT-LCD, but backlight module is also critical to brightness, formation, uniformity, and view angle of LCD.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Radiant Opto-Electronics Corporation (Taiwan), Coretronic Corp. (Taiwan), Heesung Electronics (South Korea), Chi Lin Optoelectronics (Taiwan), Kenmos Technology Shenzhen Co Ltd (China), Taesan LCD Co., Ltd. (South Korea), Hansol Technics Co., Ltd. (South Korea), Sharp Corporation (Japan), STANLEY ELECTRIC CO., LTD. (Japan) and OMRON Corp (Japan) |
This growth is primarily driven by The Growing Electronics Industry Worldwide, Latest Technological Advancements in Backlight Module, The Increasing Need for Energy Efficient Backlight Module and The Growing Electronics Gadgets Users Worldwide.
Globally, a noticeable market trend is evident Incorporate Energy-Efficient LED Backlight Modules into the Systems Major Players, such as Radiant Opto-Electronics Corporation (Taiwan), Coretronic Corp. (Taiwan), Heesung Electronics (South Korea), Chi Lin Optoelectronics (Taiwan), Kenmos Technology Shenzhen Co Ltd (China), Taesan LCD Co., Ltd. (South Korea), Hansol Technics Co., Ltd. (South Korea), Sharp Corporation (Japan), STANLEY ELECTRIC CO., LTD. (Japan) and OMRON Corp (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The market is driven by the increasing demand for high-quality displays and lighting solutions in various applications, such as smartphones, tablets, televisions, and automobiles, among others. Further, the players are also focused on developing advanced backlight technologies to improve the brightness and color accuracy of displays. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In June 2020, Chi Lin Optoelectronics acquired a majority stake (51%) in Backlight Module Technology (BMT), a Taiwanese company. This strategic move aimed to expand the company's business in the backlight module industry and enhance its market position.
On 20 Feb 2019, Mitsubishi Electric Corporation has announced the coming launch of a new 4.3-inch WQVGA transflective TFT-LCD module for outdoor or mobile measurement instruments, including mobile industrial PCs, marine GPS and more.
Influencing Trend:
Incorporate Energy-Efficient LED Backlight Modules into the Systems
Market Growth Drivers:
The Growing Electronics Industry Worldwide, Latest Technological Advancements in Backlight Module, The Increasing Need for Energy Efficient Backlight Module and The Growing Electronics Gadgets Users Worldwide
Challenges:
Rising competition from low-cost manufacturers
Restraints:
A High cost of the Backlight Module
Opportunities:
Emerging Demand from APAC regions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Backlight Module Market
- Analysis about New Entrants in Backlight Module Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Backlight Module Study Sheds Light on
The Backlight Module Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Backlight Module industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Backlight Module industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.