Global Electroluminescent Market - Forecast(2024 - 2030)

Report Code: CMR 26786 Report Format: PDF + Excel

Global Electroluminescent Market Overview

The global electroluminescent market size is estimated to reach US$5.1 billion by 2027, growing at a CAGR of around 6.9% from 2022 to 2027. The electroluminescent is produced as a result of recombination of electrons and holes in semiconductor. The energy is released as photons- light by flow of electrons and direct conversion into electrical energy without any heat. The electroluminescent is widely used for lighting applications, consumer electronics, light emitting capacitors, displays, backlights, and others. Furthermore, the rising demand of electroluminescent lightings, night light, floor mats, stairway lights, and others is driving the global electroluminescent market. The rise in applications of electroluminescent in various end-use industries such as electronics, automotive, advertising, medical, and others will offer major growth of global electroluminescent industry during the forecast period.

COVID-19 Impact

The global electroluminescent market was majorly affected by the economic slowdown and restricted demand during the covid-19 pandemic. The COVID outbreak created a major production halt, logistics disruption, supply chain disturbance, and the falling demand for the market. The electroluminescent market has major application in automotive, construction, and other end use sectors. Moreover, the automotive industry was majorly impacted by the pandemic. The automotive sector faced disruption in manufacturing, assembling, and logistics halt, which led to delay in automotive projects. Furthermore, the lockdown restrictions on movement and transportation created decline in the demand for automotive vehicles, thereby leading to falling sales and growth. According to the International Organization of Motor Vehicle Manufacturers (OICA), the sales or registrations of new vehicles declined by 9,160,615 units in the year 2020. Thus, with decline in demand for the automotive industry, the application of electroluminescent in such as display, backlighting, automotive gear indicators, and others saw a fall, thereby creating major decline in the growth of global electroluminescent market during the covid-19 phase.

Report Coverage

The “Global Electroluminescent Market Report – Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the global electroluminescent industry.

By Material: Powdered Zinc Sulfide (Green Light), Silver (Blue Light), Thin film Zinc Sulfide (Orange-Red Light), Organic Semiconductors, and Others
By Film: Transparent Thin Film and Non- Transparent Thin Film
By Type: Wire, Panel, Tapes, Strips, and Others
By Application: Light Emitting Capacitor, Night Lamps, EL Displays, EL Panels, and Others
By End-Use Industry: Electronics (Electronic Devices, Consumer Electronics, and Others), Automotive (Vehicle Displays, Automotive Interior Lightings, and Others), Medical, Advertising, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

  • The global electroluminescent market size is growing due to rising applications and demand in automotive, electronics, advertising, medical, and other end-use industries.
  • The Asia Pacific is the fastest-growing region due to increasing electronics production, automotive growth, and advanced medical sector development in APAC, thereby boosting the demand of the electroluminescent market.
  • The growth of the electronics industry will boost the demand for electroluminescent-based applications in consumer electronics, backlights, and others in the coming years.

Figure: Asia Pacific Electroluminescent Market Revenue, 2021-2027 (US$ Billion)

Electroluminescent Market Revenue

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Global Electroluminescent Market Segment Analysis – By Type

By type, the panels segment held the largest global electroluminescent market share and will grow at a CAGR of over 6.2% during the forecast period. The high demand of electroluminescent panels is influenced by its superior features such as reliability, low energy consumption, durability, and low cost. It is highly preferred in the electroluminescent displays for enhancing versatility and visibility. The panels are composed of light emitting capacitors that release photons when charged. Furthermore, the high usage of EL panels for digital electronic devices is influencing high growth in the market. The rising demand of panels in consumer electronics such as PCs, wristwatches, LCDs, smartphones, and others is driving the market. For instance, the LG Electronics results for Q2 2020 show an increase of 23% in revenue for tablets. Thus, with rise in consumer electronics demand and growth across the world, the EL panels segment will rise owing to its high efficiency, visibility properties, and low costs properties in the coming years.

Global Electroluminescent Market Segment Analysis – By Application

By application, the EL displays segment held the largest share in the global electroluminescent market and will grow at a CAGR of 6.5% during the forecast period. The electroluminescent displays are used in various electronic devices, backlighting, and others. The demand of electroluminescent lighting is influenced by growing demand in the electronics industry. Furthermore, the rise in manufacturing plants and increasing adoption of the OLED display or the electroluminescent quantum dot display across various applications owing to its properties such as increased brightness, wide angle view, contrast, and others is driving the global electroluminescent market. Moreover, the increasing production and demand for the consumer electronics such as computers, mobile phones, PC, and others is boosting the demand of electroluminescent displays in the market. According to the Consumer Technology Association estimates, the U.S consumer electronics technology reached revenue of USD 487 billion in 2021. Thus, with high demand of electroluminescent display across various end-use sectors, majorly in electronics, the global electroluminescent market will grow during the forecast period.

Global Electroluminescent Market Segment Analysis- By End-Use Industry

By end-use industry, the electronics segment held the largest global electroluminescent market share and will grow at a CAGR of around 7.2% during the forecast period. The electroluminescent lightings and displays have major application in electronic sector. The electroluminescent is basis of the LEDs in which pn junction diode emits light, recombining electrons with holes in devices majorly semiconductors to release energy in the form of photons-light. The electroluminescent is used in the backlighting in LCDs, graphic displays, and other consumer electronics and wearable electronics. According to the U.S. Census Bureau, the revenue from electronics sources accounted USD 1,295 billion in 2019. Furthermore, the demand of flat-panel displays which uses light emitting capacitors is growing in the global electroluminescent industry for various lighting applications. Thus, with high demand for electroluminescent lightings, panels, and other applications in electronics sector, electroluminescent market will grow rapidly in the coming years.

Global Electroluminescent Market Segment Analysis – By Geography

By geographical analysis, the Asia Pacific held the largest market share and is expected to grow at a CAGR of 7.5% in the global electroluminescent market during the forecast period. The growing demand of electroluminescent in industries such as automotive, electronics, advertising, medical, and others is influencing high growth in this region. The electroluminescent lightings has application in automotive displays, backlights, gear indicators, and others in automotive is offering major growth for the electroluminescent market. According to the Japan Electronics and Information Technology Industries Association, the production of consumer electronics equipment showed a 65% rise in 2020, compared to previous year. Furthermore, the rising productions of electroluminescent displays and panels for applications in lightings, advertising boards, signs, nightlights, and others is boosting the demand of electroluminescent. The growth of electronics sector in APAC region is leading to high growth of electroluminescent based devices, thereby majorly contributing in the global electroluminescent market size. Thus, with major application and demand in various industrial verticals in Asia Pacific, the global electroluminescent market will grow during the forecast period.

Global Electroluminescent Market Driver

Rising demand from electronics industry

The demand for electroluminescent in electronics sector is rising as it has major applications in electronic displays, panels, backlights, and others. The flat panel display is used in consumer electronics to offer superior viewing quality for the still images, texts, and moving images across various consumer electronic devices such as computers, mobile, and others. The electroluminescent is used in the backlights for the liquid crystal displays (LCD) and other battery-operated devices. The high demand of electroluminescent in consumer electronics is driving the electroluminescent market. According to the India Brand Equity Foundation (IBEF), the revenue from the digital electronic segment in India is estimated to reach USD 1 trillion by 2025. Thus, with major demand in electronics industry, the global electroluminescent industry is growing. .

High demand from automotive and advertising sector

The demand of electroluminescent is high in the automotive and advertising sector owing to major applications in electroluminescent displays and panels due to excellent features such as wide angle view, contrast, brightness, and ruggedness. The glass coated with indium tin oxide is utilized for the electroluminescent boards. The semiconductor generates photon or light, when supplied with the electrical energy. The growing application of electroluminescent in billboard lightings, signs, reception desks, nightlights, display stands, and other for advertising sector is boosting the demand in the market. Furthermore, the growth of automotive vehicles offers major demand for the electroluminescent displays and lightings. According to the International Organization of Motor Vehicle Manufacturers (OICA), the production of all vehicles accounted to 80,154,988 units, showing a 3% increase in 2021. Thus, with growth of automotive and advertising sector, the global electroluminescent industry is driving and experiencing high demand.

Global Electroluminescent Market Challenges

Limited life span and voltage issues

The electroluminescent lighting is used in various industries such as electronics, automotive, medical, and others. However, it is not suitable for various applications with direct sun contact. The lumen output gets low with time, along with high voltage usage (60-600 volts), and degraded lumen output per watt rating. Moreover, the electroluminescent sheets face wear and low flexibility with passing time. Thus, the limited life span of electroluminescent lightings, poor lumen output over time, and declining flexibility creates a major challenge for the global electroluminescent industry, thereby restricting the growth opportunities in the market.

Global Electroluminescent Industry Outlook

The global electroluminescent top 10 companies include:

1. Technomark
2. LumMedia
3. ASM Circuits Pvt. Ltd.
4. Mitsubishi
5. DOW
6. Shanghai Keyan Phosphor Technology Co.,Ltd. (KPT) 
7. Ellumiglow
8. Nejilock Technology Pte Ltd 
9. Cochief Industrial Co., Ltd.
10. Technolight

Recent Developments

  • In March 2021, Thermal Sciences International acquired the Lit coat Electroluminescent Paint Systems, popular for multi-colored electrical paint lighting, billboards, houses, and others, with the aim to boost the business portfolio.
  • In January 2020, Ellumiglow, a leading firm in electroluminescent lighting solutions, announced the launch of Pixel-Free LED 360 tubelight product, using electroluminescent panels.

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1. Global Electroluminescent Market- Market Overview
    1.1 Definitions and Scope
2. Global Electroluminescent Market - Executive Summary
    2.1 Key Trends by Material
    2.2 Key Trends by Film
    2.3 Key Trends by Type
    2.4 Key Trends by Application
    2.5 Key Trends by End-Use Industry
    2.6 Key Trends by Geography
3. Global Electroluminescent Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Global Electroluminescent Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Global Electroluminescent Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Global Electroluminescent Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Global Electroluminescent Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Global Electroluminescent Market – By Material (Market Size -$Million/Billion)
    8.1 Powdered Zinc Sulfide (Green Light)
    8.2 Silver (Blue Light)
    8.3 Thin film Zinc Sulfide (Orange-Red Light)
    8.4 Organic Semiconductors
    8.5 Others
9. Global Electroluminescent Market – By Film (Market Size -$Million/Billion)
    9.1 Transparent Thin Film
    9.2 Non-Transparent Thin Film
10. Global Electroluminescent Market – By Type (Market Size -$Million/Billion)
    10.1 Wire
    10.2 Panel
    10.3 Tapes
    10.4 Strips
    10.5 Others
11. Global Electroluminescent Market – By Application (Market Size -$Million/Billion
    11.1 Light Emitting Capacitor
    11.2 Night Lamps
    11.3 EL Displays
    11.4 EL Panels
    11.5 Others
12. Global Electroluminescent Market - By End-Use Industry (Market Size -$Million/Billion)
    12.1 Electronics
        12.1.1 Electronic Devices
        12.1.2 Consumer Electronics
        12.1.3 Others
    12.2 Automotive
        12.2.1 Vehicle Displays
        12.2.2 Automotive Interior Lightings
        12.2.3 Others
    12.3 Medical
    12.4 Advertising
    12.5 Others
13. Global Electroluminescent Market - By Geography (Market Size -$Million/Billion)
    13.1 North America
        13.1.1 USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Netherlands
        13.2.6 Spain
        13.2.7 Russia
        13.2.8 Belgium
        13.2.9 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zeeland
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
            13.5.1.1 Saudi Arabia
            13.5.1.2 UAE
            13.5.1.3 Israel
            13.5.1.4 Rest of the Middle East
        13.5.2 Africa
            13.5.2.1 South Africa
            13.5.2.2 Nigeria
            13.5.2.3 Rest of Africa
14. Global Electroluminescent Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Global Electroluminescent Market – Industry/Competition Segment Analysis Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Region - Major companies
    15.4 Market Share by Key Country - Major companies
    15.5 Market Share by Key Application - Major companies
    15.6 Market Share by Key Product Type/Product category - Major companies
16. Global Electroluminescent Market – Key Company List by Country Premium Premium
17. Global Electroluminescent Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies*"

LIST OF TABLES

1.Global Electroluminescent Materials Market, by Type Market 2023-2030 ($M)
2.Global Electroluminescent Materials Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Electroluminescent Materials Market, by Type Market 2023-2030 (Volume/Units)
4.Global Electroluminescent Materials Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Electroluminescent Materials Market, by Type Market 2023-2030 ($M)
6.North America Electroluminescent Materials Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Electroluminescent Materials Market, by Type Market 2023-2030 ($M)
8.South America Electroluminescent Materials Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Electroluminescent Materials Market, by Type Market 2023-2030 ($M)
10.Europe Electroluminescent Materials Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Electroluminescent Materials Market, by Type Market 2023-2030 ($M)
12.APAC Electroluminescent Materials Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Electroluminescent Materials Market, by Type Market 2023-2030 ($M)
14.MENA Electroluminescent Materials Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)

LIST OF FIGURES

1.US Global Electroluminescent Market Revenue, 2023-2030 ($M)
2.Canada Global Electroluminescent Market Revenue, 2023-2030 ($M)
3.Mexico Global Electroluminescent Market Revenue, 2023-2030 ($M)
4.Brazil Global Electroluminescent Market Revenue, 2023-2030 ($M)
5.Argentina Global Electroluminescent Market Revenue, 2023-2030 ($M)
6.Peru Global Electroluminescent Market Revenue, 2023-2030 ($M)
7.Colombia Global Electroluminescent Market Revenue, 2023-2030 ($M)
8.Chile Global Electroluminescent Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Electroluminescent Market Revenue, 2023-2030 ($M)
10.UK Global Electroluminescent Market Revenue, 2023-2030 ($M)
11.Germany Global Electroluminescent Market Revenue, 2023-2030 ($M)
12.France Global Electroluminescent Market Revenue, 2023-2030 ($M)
13.Italy Global Electroluminescent Market Revenue, 2023-2030 ($M)
14.Spain Global Electroluminescent Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Electroluminescent Market Revenue, 2023-2030 ($M)
16.China Global Electroluminescent Market Revenue, 2023-2030 ($M)
17.India Global Electroluminescent Market Revenue, 2023-2030 ($M)
18.Japan Global Electroluminescent Market Revenue, 2023-2030 ($M)
19.South Korea Global Electroluminescent Market Revenue, 2023-2030 ($M)
20.South Africa Global Electroluminescent Market Revenue, 2023-2030 ($M)
21.North America Global Electroluminescent By Application
22.South America Global Electroluminescent By Application
23.Europe Global Electroluminescent By Application
24.APAC Global Electroluminescent By Application
25.MENA Global Electroluminescent By Application