According to the new market research report "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024", published by QYResearch, the global Smart Phone Backlight Module market size is projected to grow from USD 555.95 million in 2024 to USD 352.64 million by 2030, at a CAGR of -7.31% during the forecast period (2024-2030).
Source: QYResearch, "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024”
Source: QYResearch, "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024”
This report profiles key players of Smart Phone Backlight Module such as Sankyo Seiko, Shenzhen Baoming, Shen Zhen Australis Electronic, Xiamen Honghan Optoelectronic, Shenzhen Sanbum Optoelectronics, Radiant Opto-Electronics, etc.
In 2023, the global top five Smart Phone Backlight Module players account for 81.39% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Smart Phone Backlight Module.
Source: QYResearch, "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024”
In terms of product type, 5 Inches ≤ Size ≤ 7 Inches is the largest segment, hold a share of 88.67%.
Source: QYResearch, "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024”
In terms of product application, 5G Smart Phone is the largest application, hold a share of 50.47%.
Source: QYResearch, "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024”
Market Drivers:
D1: The national government has issued many policies to support the development of the backlight module industry.
D2: The growth of the smart phone backlight module market is driven by falling prices and the better light quality and flexibility they offer.
D3: The demand for downstream applications will drive the further development of backlight modules. Increasing application in consumer electronics are expected to boost the market growth during the forecast period.
Challenge:
C1: Competition in display technology is fierce. LCD Backlight Modules face stiff competition from other display technologies, such as OLED and AMOLED, which offer advantages in terms of color reproduction, contrast, and video performance. This competition can limit market share growth. In the future, if OLED display panels break through technical bottlenecks, significantly reduce costs, increase market share, and impact the mid- to low-end smartphone field, it will have a major adverse impact on the backlight module business.
C2: Smart phone backlight modules cater to specific niche markets. Expanding into new markets and diversifying applications can be challenging due to the specialized nature of the technology.
C3: The display technology landscape is continually evolving, with new innovations and technologies emerging regularly. Staying competitive and keeping pace with advancements in competing technologies is a challenge.
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