Electroluminescent Display Market
Electroluminescent Display Market Forecasts to 2030 - Global Analysis By Film Type (Non-Transparent Thin Film Electroluminescent Display and Transparent Thin Film Electroluminescent Display), Material Type (Electroluminescent Strips/Tapes, Electroluminescent Panels and Electroluminescent Wire), End User (Automotive and Transportation, Food and Beverages, Construction/Architectural, Commercial Lighting and Other End Users) and By Geography
According to Stratistics MRC, the Global Electroluminescent Display Market is accounted for $37.74 billion in 2024 and is expected to reach $64.71 billion by 2030 growing at a CAGR of 9.4% during the forecast period. An Electroluminescent Display (ELD) is a type of flat panel display that produces light when an electric current passes through certain materials, known as electroluminescent (EL) materials. These materials emit light in response to an electric field, making ELDs energy-efficient, with the ability to generate bright, sharp images in a compact form. Unlike traditional displays that rely on backlighting, ELDs generate light directly from the material itself, offering high contrast ratios and wide viewing angles.
Market Dynamics:
Driver:
Growing demand for energy-efficient displays
The growing demand for energy-efficient displays has significantly boosted the development of Electroluminescent (EL) displays. EL displays are known for their low power consumption, bright colors, and ability to operate without a backlight, making them ideal for portable devices and applications where energy efficiency is crucial. As consumer electronics and other digital technologies demand longer battery life and improved sustainability, EL displays stand out due to their ability to emit light directly from the material when an electric current passes through it, which reduces energy waste. Additionally, EL displays offer superior image clarity and faster response times compared to traditional display technologies like LCD or LED.
Restraint:
High manufacturing costs
High manufacturing costs are a significant barrier to the widespread adoption of electroluminescent (EL) displays. EL displays, which are valued for their thinness, flexibility, and bright, clear visuals, require complex materials and intricate production processes that drive up their costs. The main factors contributing to high manufacturing costs include the need for specialized organic materials and high-precision fabrication techniques. For instance, the production of phosphor layers and the deposition of conductive materials require advanced technology, such as vacuum deposition and controlled environments, which increase both the equipment cost and energy consumption. These elements are hindering the market growth.
Opportunity:
Growing popularity of wearable devices
As wearable technology becomes more integrated into daily life, there is an increasing demand for lightweight, flexible, and energy-efficient display solutions. ELDs, which emit light when an electric current passes through them, offer several advantages for wearables, including thinness, flexibility, and low power consumption, making them ideal for small, portable devices like smartwatches, fitness trackers, and augmented reality glasses. The ability of ELDs to deliver high brightness, vibrant colors, and uniform light distribution, even in challenging environmental conditions, further increases their appeal. As wearable devices evolve to support more advanced functionalities, the need for innovative display technologies that are both durable and efficient becomes paramount.
Threat:
Durability and longevity issues
Electroluminescent (EL) displays, while offering vibrant and energy-efficient lighting, face significant challenges in durability and longevity. One primary issue is the degradation of the phosphor material used to generate light. Over time, the phosphors lose their ability to emit light efficiently, leading to diminished brightness and color quality. This degradation is accelerated by factors such as prolonged exposure to high voltages, heat, and environmental conditions like humidity. EL displays are often more susceptible to physical damage due to the fragility of the thin layers used in their construction. The lifetime of EL displays is also limited by the wear and tear of the electrodes and the protective layers, which can break down, affecting performance.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the electroluminescent (EL) display market, disrupting both supply chains and demand across industries. With global manufacturing hubs in lockdown and restrictions on international trade, the production of EL components faced delays and shortages. The economic uncertainty caused by the pandemic led to reduced consumer spending and cutbacks in non-essential technological investments, further affecting demand. On the positive side, the growing shift toward remote work and online learning increased the need for displays in digital signage, educational tools and consumer electronics.
The Electroluminescent Panels segment is expected to be the largest during the forecast period
Electroluminescent Panels segment is expected to dominate the largest share over the estimated period, by providing advanced lighting and display solutions that offer improved brightness and flexibility. EL panels are made of thin layers of phosphor material that emit light when an electric current is passed through them. Unlike traditional display technologies, EL panels can be produced in various shapes, sizes, and colors, enabling their integration into a wide range of applications, from automotive dashboards to flexible displays for consumer electronics. These panels consume less power, generate minimal heat, and have a longer lifespan compared to conventional light sources, making them an attractive choice for portable and battery-powered devices.
The Commercial Lighting segment is expected to have the highest CAGR during the forecast period
Commercial Lighting segment is estimated to grow at a rapid pace during the forecast period. EL technology, which uses phosphor materials that emit light when an electric current is applied, is gaining popularity in commercial applications for its thin, lightweight, and versatile nature. Unlike traditional lighting, EL displays are capable of producing uniform illumination with low power consumption, making them ideal for a range of commercial uses, from signage to interior lighting. As innovations in materials science and electronics continue, EL displays are becoming brighter, more color-accurate, and longer-lasting. These advancements not only improve the visual appeal of commercial spaces but also reduce operational costs, making EL displays an attractive option for businesses.
Region with largest share:
North America region is poised to hold the largest share of the market throughout the extrapolated period. Electroluminescent displays, known for their durability, lightweight nature, and ability to operate in extreme environments, are becoming crucial components in military applications. These displays are used in avionics, communication systems, and instrumentation panels, where visibility and performance under challenging conditions are paramount. As North American defense contractors modernize their technologies and embrace cutting-edge systems for enhanced situational awareness, EL displays offer advantages like low power consumption, high visibility in low-light conditions, and the ability to withstand vibration and temperature extremes.
Region with highest CAGR:
Europe region is estimated to witness the highest CAGR during the projected time frame. Hybrid displays combine the strengths of different technologies, such as organic light-emitting diodes (OLEDs), quantum dots, and electroluminescent materials, to create more efficient, flexible and vibrant displays. Hybrid ELDs are being incorporated into a wide range of applications, including automotive dashboards, wearable devices, and large-scale signage. The integration of these technologies not only offers better color accuracy and lower power consumption but also enables the development of thinner, lighter and more adaptable display panels.
Key players in the market
Some of the key players in Electroluminescent Display market include Cochief Industrial Co., Ltd, Crystal Display Systems Ltd, Orbit Electronics Group, Panasonic Corporation, Planar Systems, Inc, Printed Electronics Ltd, Sharp Corporation, Sony Corporation and Technomark, Inc.
Key Developments:
In May 2024, Samsung Display unveiled its inaugural QD-LED display at Display Week 2024. The 18-inch prototype, entirely fabricated through inkjet printing, represents a significant advancement in display technology. This innovative approach applies electrical current directly to quantum dots, eliminating the need for conventional LED or OLED components. The prototype features a resolution of 3200x1800 pixels (202 ppi) and achieves a brightness of 250 nits, establishing it as the largest QD-LED display showcased to date.
In April 2023, the QL-Tex project launched to advance ambient lighting and display technology by integrating electroluminescence (EL) with textiles using colloidal quantum dots (QDs). Funded by the German Research Foundation (DFG), the initiative aims to enhance the performance and versatility of EL textiles known for their thin and robust nature.
In January 2023, Sony Electronics introduced two new series of their renowned Crystal LED premium displays, which offered scalability. The BH-series showcased vibrant and bright displays, while the CH-series delivered an immersive viewing experience. These displays were specifically designed for corporate settings, retail environments, and screening rooms.
Film Types Covered:
• Non-Transparent Thin Film Electroluminescent Display
• Transparent Thin Film Electroluminescent Display
Material Types Covered:
• Electroluminescent Strips/Tapes
• Electroluminescent Panels
• Electroluminescent Wire
End Users Covered:
• Automotive and Transportation
• Food and Beverages
• Construction/Architectural
• Commercial Lighting
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electroluminescent Display Market, By Film Type
5.1 Introduction
5.2 Non-Transparent Thin Film Electroluminescent Display
5.3 Transparent Thin Film Electroluminescent Display
6 Global Electroluminescent Display Market, By Material Type
6.1 Introduction
6.2 Electroluminescent Strips/Tapes
6.3 Electroluminescent Panels
6.4 Electroluminescent Wire
7 Global Electroluminescent Display Market, By End User
7.1 Introduction
7.2 Automotive and Transportation
7.3 Food and Beverages
7.4 Construction/Architectural
7.5 Commercial Lighting
7.6 Other End Users
8 Global Electroluminescent Display Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Cochief Industrial Co., Ltd
10.2 Crystal Display Systems Ltd
10.3 Orbit Electronics Group
10.4 Panasonic Corporation
10.5 Planar Systems, Inc
10.6 Printed Electronics Ltd
10.7 Sharp Corporation
10.8 Sony Corporation
10.9 Technomark, Inc
List of Tables
1 Global Electroluminescent Display Market Outlook, By Region (2022-2030) ($MN)
2 Global Electroluminescent Display Market Outlook, By Film Type (2022-2030) ($MN)
3 Global Electroluminescent Display Market Outlook, By Non-Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
4 Global Electroluminescent Display Market Outlook, By Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
5 Global Electroluminescent Display Market Outlook, By Material Type (2022-2030) ($MN)
6 Global Electroluminescent Display Market Outlook, By Electroluminescent Strips/Tapes (2022-2030) ($MN)
7 Global Electroluminescent Display Market Outlook, By Electroluminescent Panels (2022-2030) ($MN)
8 Global Electroluminescent Display Market Outlook, By Electroluminescent Wire (2022-2030) ($MN)
9 Global Electroluminescent Display Market Outlook, By End User (2022-2030) ($MN)
10 Global Electroluminescent Display Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
11 Global Electroluminescent Display Market Outlook, By Food and Beverages (2022-2030) ($MN)
12 Global Electroluminescent Display Market Outlook, By Construction/Architectural (2022-2030) ($MN)
13 Global Electroluminescent Display Market Outlook, By Commercial Lighting (2022-2030) ($MN)
14 Global Electroluminescent Display Market Outlook, By Other End Users (2022-2030) ($MN)
15 North America Electroluminescent Display Market Outlook, By Country (2022-2030) ($MN)
16 North America Electroluminescent Display Market Outlook, By Film Type (2022-2030) ($MN)
17 North America Electroluminescent Display Market Outlook, By Non-Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
18 North America Electroluminescent Display Market Outlook, By Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
19 North America Electroluminescent Display Market Outlook, By Material Type (2022-2030) ($MN)
20 North America Electroluminescent Display Market Outlook, By Electroluminescent Strips/Tapes (2022-2030) ($MN)
21 North America Electroluminescent Display Market Outlook, By Electroluminescent Panels (2022-2030) ($MN)
22 North America Electroluminescent Display Market Outlook, By Electroluminescent Wire (2022-2030) ($MN)
23 North America Electroluminescent Display Market Outlook, By End User (2022-2030) ($MN)
24 North America Electroluminescent Display Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
25 North America Electroluminescent Display Market Outlook, By Food and Beverages (2022-2030) ($MN)
26 North America Electroluminescent Display Market Outlook, By Construction/Architectural (2022-2030) ($MN)
27 North America Electroluminescent Display Market Outlook, By Commercial Lighting (2022-2030) ($MN)
28 North America Electroluminescent Display Market Outlook, By Other End Users (2022-2030) ($MN)
29 Europe Electroluminescent Display Market Outlook, By Country (2022-2030) ($MN)
30 Europe Electroluminescent Display Market Outlook, By Film Type (2022-2030) ($MN)
31 Europe Electroluminescent Display Market Outlook, By Non-Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
32 Europe Electroluminescent Display Market Outlook, By Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
33 Europe Electroluminescent Display Market Outlook, By Material Type (2022-2030) ($MN)
34 Europe Electroluminescent Display Market Outlook, By Electroluminescent Strips/Tapes (2022-2030) ($MN)
35 Europe Electroluminescent Display Market Outlook, By Electroluminescent Panels (2022-2030) ($MN)
36 Europe Electroluminescent Display Market Outlook, By Electroluminescent Wire (2022-2030) ($MN)
37 Europe Electroluminescent Display Market Outlook, By End User (2022-2030) ($MN)
38 Europe Electroluminescent Display Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
39 Europe Electroluminescent Display Market Outlook, By Food and Beverages (2022-2030) ($MN)
40 Europe Electroluminescent Display Market Outlook, By Construction/Architectural (2022-2030) ($MN)
41 Europe Electroluminescent Display Market Outlook, By Commercial Lighting (2022-2030) ($MN)
42 Europe Electroluminescent Display Market Outlook, By Other End Users (2022-2030) ($MN)
43 Asia Pacific Electroluminescent Display Market Outlook, By Country (2022-2030) ($MN)
44 Asia Pacific Electroluminescent Display Market Outlook, By Film Type (2022-2030) ($MN)
45 Asia Pacific Electroluminescent Display Market Outlook, By Non-Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
46 Asia Pacific Electroluminescent Display Market Outlook, By Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
47 Asia Pacific Electroluminescent Display Market Outlook, By Material Type (2022-2030) ($MN)
48 Asia Pacific Electroluminescent Display Market Outlook, By Electroluminescent Strips/Tapes (2022-2030) ($MN)
49 Asia Pacific Electroluminescent Display Market Outlook, By Electroluminescent Panels (2022-2030) ($MN)
50 Asia Pacific Electroluminescent Display Market Outlook, By Electroluminescent Wire (2022-2030) ($MN)
51 Asia Pacific Electroluminescent Display Market Outlook, By End User (2022-2030) ($MN)
52 Asia Pacific Electroluminescent Display Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
53 Asia Pacific Electroluminescent Display Market Outlook, By Food and Beverages (2022-2030) ($MN)
54 Asia Pacific Electroluminescent Display Market Outlook, By Construction/Architectural (2022-2030) ($MN)
55 Asia Pacific Electroluminescent Display Market Outlook, By Commercial Lighting (2022-2030) ($MN)
56 Asia Pacific Electroluminescent Display Market Outlook, By Other End Users (2022-2030) ($MN)
57 South America Electroluminescent Display Market Outlook, By Country (2022-2030) ($MN)
58 South America Electroluminescent Display Market Outlook, By Film Type (2022-2030) ($MN)
59 South America Electroluminescent Display Market Outlook, By Non-Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
60 South America Electroluminescent Display Market Outlook, By Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
61 South America Electroluminescent Display Market Outlook, By Material Type (2022-2030) ($MN)
62 South America Electroluminescent Display Market Outlook, By Electroluminescent Strips/Tapes (2022-2030) ($MN)
63 South America Electroluminescent Display Market Outlook, By Electroluminescent Panels (2022-2030) ($MN)
64 South America Electroluminescent Display Market Outlook, By Electroluminescent Wire (2022-2030) ($MN)
65 South America Electroluminescent Display Market Outlook, By End User (2022-2030) ($MN)
66 South America Electroluminescent Display Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
67 South America Electroluminescent Display Market Outlook, By Food and Beverages (2022-2030) ($MN)
68 South America Electroluminescent Display Market Outlook, By Construction/Architectural (2022-2030) ($MN)
69 South America Electroluminescent Display Market Outlook, By Commercial Lighting (2022-2030) ($MN)
70 South America Electroluminescent Display Market Outlook, By Other End Users (2022-2030) ($MN)
71 Middle East & Africa Electroluminescent Display Market Outlook, By Country (2022-2030) ($MN)
72 Middle East & Africa Electroluminescent Display Market Outlook, By Film Type (2022-2030) ($MN)
73 Middle East & Africa Electroluminescent Display Market Outlook, By Non-Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
74 Middle East & Africa Electroluminescent Display Market Outlook, By Transparent Thin Film Electroluminescent Display (2022-2030) ($MN)
75 Middle East & Africa Electroluminescent Display Market Outlook, By Material Type (2022-2030) ($MN)
76 Middle East & Africa Electroluminescent Display Market Outlook, By Electroluminescent Strips/Tapes (2022-2030) ($MN)
77 Middle East & Africa Electroluminescent Display Market Outlook, By Electroluminescent Panels (2022-2030) ($MN)
78 Middle East & Africa Electroluminescent Display Market Outlook, By Electroluminescent Wire (2022-2030) ($MN)
79 Middle East & Africa Electroluminescent Display Market Outlook, By End User (2022-2030) ($MN)
80 Middle East & Africa Electroluminescent Display Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
81 Middle East & Africa Electroluminescent Display Market Outlook, By Food and Beverages (2022-2030) ($MN)
82 Middle East & Africa Electroluminescent Display Market Outlook, By Construction/Architectural (2022-2030) ($MN)
83 Middle East & Africa Electroluminescent Display Market Outlook, By Commercial Lighting (2022-2030) ($MN)
84 Middle East & Africa Electroluminescent Display Market Outlook, By Other End Users (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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