Smart Phone Backlight Module Market Report: the global market size is projected to grow from USD 555.95 million in 2024 to USD 352.64 million by 2030

According to the new market research report "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024", published by QYResearch, the global Smart Phone Backlight Module market size is projected to grow from USD 555.95 million in 2024 to USD 352.64 million by 2030, at a CAGR of -7.31% during the forecast period (2024-2030).

 

• Global Smart Phone Backlight Module Market Size (US$ Million), 2019-2030

 

Source: QYResearch, "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024”

 

 

• Global Smart Phone Backlight Module Top 6Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024”

 

This report profiles key players of Smart Phone Backlight Module such as Sankyo Seiko, Shenzhen Baoming, Shen Zhen Australis Electronic, Xiamen Honghan Optoelectronic, Shenzhen Sanbum Optoelectronics, Radiant Opto-Electronics, etc.

In 2023, the global top five Smart Phone Backlight Module players account for 81.39% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Smart Phone Backlight Module.

 

• Smart Phone Backlight Module, Global Market Size, Split by Product Segment

Source: QYResearch, "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024”

 

 

In terms of product type, 5 Inches ≤ Size ≤ 7 Inches is the largest segment, hold a share of 88.67%.

• Smart Phone Backlight Module, Global Market Size, Split by Application Segment

Source: QYResearch, "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024”

 

In terms of product application, 5G Smart Phone is the largest application, hold a share of 50.47%.

• Smart Phone Backlight Module, Global Market Size, Split by Region

 

 

Source: QYResearch, "Smart Phone Backlight Module - Global Market Insights and Sales Trends 2024”

 

 

Market Drivers:

D1: The national government has issued many policies to support the development of the backlight module industry.

D2: The growth of the smart phone backlight module market is driven by falling prices and the better light quality and flexibility they offer.

D3: The demand for downstream applications will drive the further development of backlight modules. Increasing application in consumer electronics are expected to boost the market growth during the forecast period.

 

Challenge:

C1: Competition in display technology is fierce. LCD Backlight Modules face stiff competition from other display technologies, such as OLED and AMOLED, which offer advantages in terms of color reproduction, contrast, and video performance. This competition can limit market share growth. In the future, if OLED display panels break through technical bottlenecks, significantly reduce costs, increase market share, and impact the mid- to low-end smartphone field, it will have a major adverse impact on the backlight module business.

C2: Smart phone backlight modules cater to specific niche markets. Expanding into new markets and diversifying applications can be challenging due to the specialized nature of the technology.

C3: The display technology landscape is continually evolving, with new innovations and technologies emerging regularly. Staying competitive and keeping pace with advancements in competing technologies is a challenge.

About QYResearch

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QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

 

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