- The key vendors in the Global LED Display Market are Cree Inc., Nichia Corp., OSRAM Opto Semiconductors GmbH, Philips Lumileds Lighting Co. and Seoul Semiconductor Co. Ltd.
London, 12 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global LED Display Market 2014-2018. The market is predominantly driven by the sustainable use of energy. The growing demand for electronic devices that consume less energy will lead to an increase in demand for LED displays. One of the major trends in the Global LED Display market is the saturation of the LED market for TV and monitor display applications. There is a huge surge in demand for LED displays as they offer several benefits including lower energy consumption, reduced maintenance, and cost-effectiveness.
“The fall in the price of LEDs is the major driving factor in the Global LED Display market. LCD TVs and monitors are the major application categories for LEDs,” says Faisal Ghaus, Vice President of TechNavio Research.
“The decline in the price of LEDs has narrowed the price gap between CCFL and LED backlighting to an extremely low level. This has allowed manufacturers of TV and monitors to use LEDs in display panels.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
