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

Africa LED & OLED Displays and Lighting Products MarketSize and Trends

Africa LED & OLED Displays and Lighting Products Market (2017-2027)

Market Overview

A light-emitting diode (LED) is a semi-conductor light source that coverts electrical energy into light energy. When compared with conventional light sources such as incandescent lamps, LEDs are more efficient and last for a longer period of time. Furthermore, an organic light-emitting diode (OLED) also referred as organic LED is a light source that uses electroluminescent organic material between two conductors, which release light when it is induced with electric current. Generally, OLEDs are extensively used in digital displays. Moreover, active-matrix organic light-emitting diode is display device that typically finds applications in mobile device, smart watches, televisions, and laptops.

Africa LED & OLED displays and lighting products market is expected to account for US$ 1088.9 Mn by the end of 2019.

Consumer TV Displays segment of Africa LED & OLED displays and lighting products market is estimated to be US$ 239.1 million in 2019 and is expected to grow at a CAGR of 18.8% between 2019 and 2027.

Market Trends

There is common preference towards LED over OLED, owing to cost of OLED being substantially high compared to LED. Moreover, LED has longer lifespan when compared to OELDs. LEDs can deliver the same performance as of OLEDs at low cost, thus LEDs are expected to witness high demand in near future.

Furthermore, growing penetration of Chinese products has become a popular trend, owing to China emerging as Africa’s largest trading partner. According to Lighting Africa, as of 2012, around 90% of lighting products are produced and imported from China.