AFRICA LED & OLED DISPLAYS AND LIGHTING PRODUCTS MARKET ANALYSIS

Africa LED & OLED Displays and Lighting Products Market, By Display Products (Mobile Displays(LED, OLED, AMOLED),Consumer TV Displays(LED, OLED, AMOLED),Outdoor LED Displays(Product Type(LED Billboards, Perimeter LED Boards, LED Mobile Panels, LED Traffic Lights, LED Video Walls),Color Type(Monochrome, Tri-color, Full-color))), By Lighting Products (Product Type(LED Bulbs, Bare LED Tubes, Lighting Fixtures, Solar LED Lighting), Application(Street Lighting, Down Lighting, Garden Lighting, Ceiling Lighting, Decorative & Portable Lighting, Others)), and By By Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Dec 2019
Code : CMI3132
Pages :120
Formats :
Excel and PDF
Industry : Consumer Electronics

Market Challenges And Opportunities

Market Dynamics- Restraints

High cost associated with LED and OLED displays has shifted consumer preference towards LCDs. Although LED and OLED displays offer superior performance, consumers are choosing LCD due to its satisfactory performance at lower price. This, in turn, is expected to restrain growth of the Africa LED & OLED displays and lighting products market during the forecast period. Moreover, lack of awareness regarding benefits of modern lighting solutions among consumers is expected to hinder the market growth over the forecast period.

Market Opportunities

OLEDs are expected to pose conducive growth opportunities for market players. OLEDs offer flexibility, transparency, and surface light source. Key players in the market and startups are offering LED and OLED products, which in turn, is expected to pose excellent growth opportunities for them. Furthermore, proliferation of LED lighting products is increasing though its market share is less than fuel-based lighting system. This offers excellent opportunities for LED lighting products manufactures. According to Lighting Africa, as of 2012, off-grid lighting products accounted for 4% with growth rate of 90-95% annually and sales of 4.4 million unit.