LED lights are light-emitting diode products used in lighting fixtures. It is a semiconductor lighting source that finds wide application such as in automotive lighting, general as well as backlighting.
The acceptance of LED lighting is escalating in almost all major end uses such as industrial buildings, residential and commercial buildings, as well as outdoor application areas.
LED lights are rapidly replacing conventional lighting products due to various features of the former such as long life span, high energy efficiency, environmental-friendly, high durability, low heat and small size.
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Key players in the Middle East LED & OLED lighting products and displays market include
- GE Lighting, LLC,
- OSRAM Licht AG,
- Daktronics Inc., and
- Samsung Electronics Co. Ltd,
- Barco N.V.,
- Toshiba Lighting & Technology Corporation
- Zumtobel Group AG and
- LG Display Co., Ltd.
Major participants are focusing on R&D activities to provide innovative and environment-friendly products to attain sustainability. These key players are also focusing on expansion and strategic acquisitions to strengthen their product portfolio.
Market Value and ForecastMiddle East LED & OLED lighting products and displays market is anticipated to expand at a healthy CAGR during the forecast period. This growth is mainly driven by rising demand for LED products due to various supportive government regulations, increasing focus on R&D activities and rising commercial construction projects, including shopping malls and multiplexes.
Other trends driving growth include rising shift from OLED display technology to AMOLED display technology and increasing investments by key players in developing regions.
However, in terms of value, consumer TV segment is projected to be dominant by 2025, accounting for market share of 75.7%, as compared to mobile displays segment, with 20.7% share.
On the basis of end use, Middle East LED and OLED lighting products market is segmented into residential and commercial; among these, commercial segment accounted for a value share of 67.1% in 2014, which is projected to decrease to 65.2% by 2025. In Middle East LED & OLED lighting products market, residential segment is projected to exhibit the highest CAGR of 14.8% over the forecast period.
In Middle East LED and OLED displays market, outdoor LED displays segment is further segmented on the basis of product type and colour display. On the basis of product type, outdoor LED display segment is further sub-segmented into LED Billboards, LED mobile panels, LED video walls and LED traffic lights displays.
Key players in the Middle East LED & OLED lighting products and displays market include GE Lighting, LLC, OSRAM Licht AG, Daktronics Inc., and Samsung Electronics Co. Ltd. Major participants are focusing on R&D activities to provide innovative and environment-friendly products to attain sustainability. These key players are also focusing on expansion and strategic acquisitions to strengthen their product portfolio.
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LED & OLED Lighting Products
- By Product Type
- Linear and Strips
- Lamps and Bulbs
- By End Use
Key Regions/Countries Covered
LED & OLED Display Market
- By Product Type
- Mobile display
- Consumer TV display
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