Global LCD Backlight Unit Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

LED and CCFL.

By Type;

Edge Type and Direct Type.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn426041859 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global LCD Backlight Unit Market (USD Million), 2021 - 2031

In the year 2024, the Global LCD Backlight Unit Market was valued at USD 12,559.64 million. The size of this market is expected to increase to USD 17,438.38 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.

The global LCD backlight unit (BLU) market is an integral segment of the broader display technology industry, providing essential illumination for liquid crystal displays (LCDs). Backlight units are crucial components that enhance the visibility and brightness of LCDs, making them indispensable in a wide range of applications including televisions, computer monitors, smartphones, tablets, automotive displays, and various other electronic devices. The market's growth is driven by the increasing demand for high-definition displays, advancements in display technologies, and the proliferation of consumer electronics.

Technological innovations have significantly impacted the LCD backlight unit market, with the shift from cold cathode fluorescent lamps (CCFLs) to light-emitting diodes (LEDs) being a major trend. LED backlighting offers numerous advantages over CCFLs, including improved energy efficiency, longer lifespan, thinner profiles, and enhanced color performance. This transition has not only improved the performance of LCDs but also opened new avenues for their application in ultra-thin and flexible display technologies. Furthermore, the integration of quantum dot technology in LED backlights has further enhanced color accuracy and brightness, catering to the growing consumer demand for high-quality visual experiences.

The market is also influenced by regional dynamics, with Asia-Pacific being the dominant region due to the presence of major LCD manufacturers and a robust electronics industry. Countries like China, South Korea, and Japan are key players, contributing to the market's growth through substantial investments in research and development and production capabilities. North America and Europe also play significant roles, driven by strong demand for advanced display technologies in consumer electronics and automotive sectors. As the market continues to evolve, it faces challenges such as the competition from emerging display technologies like OLED and microLED, which offer superior performance but are currently more expensive to produce. Nonetheless, the LCD backlight unit market is expected to maintain steady growth, supported by continuous technological advancements and the enduring demand for high-quality display solutions across various industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Type
    3. Market Snapshot, By Region
  4. Global LCD Backlight Unit Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency
        2. Technological Advancements
        3. High-Definition Demand
        4. Consumer Electronics Growth
      2. Restraints
        1. High Initial Costs
        2. Competition from OLED
        3. CCFL Phase-Out
        4. Price Sensitivity
      3. Opportunities
        1. Quantum Dot Integration
        2. Smart Devices
        3. Automotive Display Adoption
        4. Emerging Markets Expansion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global LCD Backlight Unit Market, By Technology, 2021- 2031 (USD Million)
      1. LED
      2. CCFL
    2. Global LCD Backlight Unit Market, By Type, 2021- 2031 (USD Million)
      1. Edge Type
      2. Direct Type.
    3. Global LCD Backlight Unit Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Heesung Electronics Ltd.
      2. Radiant Opto-electronics Corp.
      3. Taesan Engineering Co. Ltd.
      4. Opto-Electronics

      5. Coretronic Corporation

  7. Analyst Views
  8. Future Outlook of the Market