TechNavio today launched its report Global LCD Backlight Unit Market 2012-2016 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future growth prospects of the market.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”One of the stringent regulations imposed by the governments of some countries is the termination of all analog TV broadcasts. For instance, one of the mandates of governments in some developing countries is that every television should have a set top box. This has been driving the adoption of digital TVs. Digitization is also one of the major factors driving the demand for 3D LCD TV displays, and in turn the growth of the Global LCD Backlight Unit market. This factor is expected to have a significant positive impact on the growth of the market.”
According to the report, the increase in applications of LCDs is one of the major drivers in the Global LCD Backlight Unit market. Apart from the existing variety of applications of LCD flat panel displays, several new types of applications are being discovered for LCDs every year. The LCDs which were previously used mainly for the Entertainment industry are currently being used in various other areas such as in the Education sector, the Automotive industry, and the Advertising industry. Additionally, there are further applications of LCDs such as outdoor displays, indoor displays, driver assistance systems, and automobile display mediums, which is driving growth of the Global LCD Backlight Unit market.
Further, the report discusses that the falling profit margins due to high inventory levels constitute one of the major challenges in the Global LCD Backlight Unit market.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Coretronic Corp., Heesung Electronics Ltd., and Radiant Opto-Electronics Corp. The other vendors mentioned in the report are Taesan LCD Co. Ltd., Forhouse Corp., Chi Lin Optoelectronics Co. Ltd., DID, New Optics Ltd., DSLCD Co. Ltd., Hansol Technics Co. Ltd., Kenmos Technology Co. Ltd., and Forward.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-lcd-backlight-unit-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Hardware market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research Report – Global LCD Backlight Unit Market 2012-2016
