About Light Guide Plate
Light guide plate is made of PMMA resin. It is a transparent acrylic panel and a dot matrix is printed at the bottom of it. It can be cut according to the requirement of the lighting applications with no tooling charges. Light guide plate is made weather resistant and lasts longer. It is made for the purpose of direct light out at the front. Whereas the dots at the bottom helps in the scattering of light from the light source. It is an important component of LCD. Hence the demand for the light guide plate is increasing which is fueling the market of light guide plate.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.1% |
The competition in the light guide plate market is intense as the local players are looking for the product innovation and improve the customer base. Additionally, they are focusing on the business expansion which will fuel the market of light guide panel. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Light Guide Plate market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mitsubishi Rayon (Japan), Chi Mei (Taiwan), Darwin (Portugal), Fengsheng (Singapore), Sumitomo (Japan), Asahi Kasei (Japan), Kuraray (Japan), Seronics (South Korea), S-Polytech (South Korea) and GLT (Cayman Islands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Optica (India).
Segmentation Overview
AMA Research has segmented the market of Global Light Guide Plate market by Type (Printed LGP and Non-printed LGP), Application (<30 Inch TV, 30-50 Inch TV, 50-80 Inch TV and >80 Inch TV) and Region.
On the basis of geography, the market of Light Guide Plate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Light input side, the sub-segment i.e. 2 sides light input will boost the Light Guide Plate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Silk printing will boost the Light Guide Plate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. PMMS will boost the Light Guide Plate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Electronic Devices
Market Growth Drivers:
Growing Demand of Television is Propelling the Market of light guide plate and Changing lifestyle of the consumers
Challenges:
Changing Technology in digital electronics
Restraints:
High Manufacturing Costs Associated with the Electronic Devices
Opportunities:
Increasing Disposable Income of Consumers and Rising demand in developing economies like India and China
Market Leaders and their expansionary development strategies
In November 2023, Covestro and CTOT forge a strategic partnership to shape the future of vehicle displays. The collaboration focuses on the enhanced application of specialized polycarbonate (PC) films to improve vehicle displays. Both companies are committed to jointly developing innovative products and technologies and will collaborate on their promotion to meet fast-evolving demands in human-vehicle interaction.
In November 2023, MAX Illumination announced the launch of their cutting-edge "Edge Lit LED Panel." Since 2011, MAX Illumination has been at the forefront of adopting innovative edge-lit lighting technologies for backlighting translucent materials, catering to a wide range of applications, including cosmetic showcase displays, bar counters, directional signs, shop displays, and other backlit panel lighting needs.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.