LED & OLED Displays and Lighting Products Market

LED & OLED Displays and Lighting Products Market: Increasing Government Support Boosting Market Growth: Africa Industry Analysis and Opportunity Assessment, 2016-2026

  • 2016-09-21
  • REP-AF-1888
  • 323 pages
  • PDF PPT EXCEL
LED & OLED Displays and Lighting Products Market

An Incisive, In-depth Analysis on the Africa Led Oled Displays And Lighting Products Market

This study offers a comprehensive, 360 degree analysis on the Africa Led Oled Displays And Lighting Products market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Africa Led Oled Displays And Lighting Products market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The Africa LED and OLED displays and lighting products market was valued at US$ 684.9 Mn in 2015 and is expected to expand at a CAGR of 17.8% during the forecast period (2016–2026). Increasing government support and introduction of new government projects for LED lighting is driving the growth of the lighting products market in Africa. Continuous progression on Lighting Africa (IFC & World Bank Initiative), is further fuelling the growth of the lighting products market in the region. The Africa LED & OLED displays and lighting products market stood at 30.9 Mn units in 2015 and is anticipated to reach a market volume of 206.7 Mn units by the end of 2026.

The light-emitting diode (LED) is one of today's most energy-efficient and rapidly-developing lighting technologies. LEDs are smaller and have a comparatively long operating life along with lower cost of ownership compared to conventional lighting technologies. The prices of LED lighting products are reducing continuously and these lighting products are becoming the economic choice in both indoor and outdoor applications. LED displays are a type of flat panel displays, which utilise an array of light-emitting diodes as pixels for image and video display. Due to their high brightness characteristics, they are used outdoors in store signs and billboards. Along with visual displays, LED displays offer general illumination and are also used for stage lighting and other decorative purposes.

Market drivers

Growth of the LED and OLED displays market in Africa is driven by factors such as growing subscriber base for smartphones and increasing consumer spending on television services. Introduction of off-grid solar powered television for the rural areas of the African region are propelling growth of this market.

Nigeria – the largest market for LED and OLED

Among the countries in the Africa region, Nigeria was the largest market for LED and OLED displays and lighting products and accounted for the largest market share in 2015. This growth is primarily attributed to the development of telecommunications infrastructure and increasing internet governance, which in turn is driving the smartphones penetration in the country. Additionally, in Nigeria, rapid growth of new broadcasting technologies and increasing TV broadcasters and channel offerings are expected to be the other potential drivers for growth of the LED and OLED display market.

Market dynamics

The Africa LED & OLED displays and lighting products market is classified on the basis of displays and lighting products. On the basis of displays, the market is segmented as mobile displays, consumer TV displays, and outdoor LED displays. The consumer TV displays sub-segment was valued US$ 130.2 Mn in 2015 and is anticipated to register a CAGR of 18.8% during the forecast period.

On the basis of lighting products, the Africa market is segmented by product type and by application. By product type, the market is sub-segmented into LED bulbs, bare LED tubes, LED fixtures, and solar LED lighting. The LED bulbs sub-segment accounted for the highest market share and was valued at US$ 193.9 Mn in 2015. By application, the market is sub-segmented into street lighting, down lighting, garden lighting, ceiling lighting, decorative & portable lighting, and others. Among applications, the street lighting segment accounted for the highest market share in 2015, occupying 37.6% share of the African lighting products market.

africa LED  OLED displays  lighting products_image for preview analysis

Some of the top vendors identified across the value chain of the global LED lighting market include Cree Corporation, Samsung Electronics Limited, GE Lighting, LLC, Sharp Corporation , OSRAM Licht AG, Daktronics Inc., Eaton Corporation, LG Display Co., Ltd., Barco N.V., Luceco Ltd., LED Lighting SA, and Eagle Lighting. It has been noticed that new companies from consumer electronics as well as from semiconductor segments are entering into the LED lighting market, demonstrating  higher opportunity for service providers as well as for component manufacturers to enhance their activities in the areas of LED lighting.

In its latest research, Future Market Insights (FMI) offers a 10-year forecast for the Africa LED and OLED displays and lighting products market between 2016 and 2026. This study demonstrates the market dynamics and trends across the thirteen African countries, which influence the current nature and future status of the Africa LED and OLED displays and lighting products market over the forecast period.

The report starts with an overview and eventually provides detailed analysis of the Africa LED and OLED displays and lighting products market in terms of value. In addition, this section includes analysis of key trends, drivers, and restraints from the supply, demand, and economy side, which are influencing the Africa LED and OLED displays and lighting products market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to facilitate clients with pertinent decision-making insights.

The next section of report highlights LED and OLED displays and lighting products adoption by countries. It provides a market outlook for 2016–2026, and sets the forecast within the context of the LED ecosystem, including latest technological developments as well as service offerings in the market. This study discusses key trends within countries contributing to the growth of the market, and analyses the degree to which drivers are influencing this market in each country.

In the final section of the report, FMI includes a competitive landscape to provide clients with a dashboard view, based on categories of providers in the value chain, presence in LED and OLED displays and lighting products portfolio, and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the LED and OLED displays and lighting products value chain and the potential players for the same.

Research methodology

The Africa LED and OLED displays and lighting products market is classified on the basis of displays and lighting products. A detailed analysis has been provided for every segment in terms of market size analysis across the Africa region. The subsequent sections provide detailed analysis on the LED and OLED displays and lighting products across various countries in the region, covering key trends, absolute dollar opportunity, and BPS analysis. 

To calculate the Africa LED and OLED displays and lighting products market size, we have considered revenue generated by displays and lighting products manufacturers. Other major factors considered to estimate market size include total smartphone and smart TV users in each country, population of tier-1 cities, population using LED lighting solutions, government initiatives regarding LED lighting products, and Africa lighting solutions market value. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the Africa LED and OLED displays and lighting products market will develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analyses, based on the technology trends and economic envelope.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market. The report has a detailed analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the Africa LED and OLED displays and lighting products market.

Market Segmentation

By LED and OLED Displays

By Lighting Products

  • Mobile Displays

  • Consumer TV Displays

  • Outdoor LED Displays

  • By product type

  • By application

Countries Covered

  • Nigeria

  • Ethiopia

  • Egypt

  • Democratic Republic of Congo

  • South Africa

  • Tanzania

  • Kenya

  • Algeria

  • Sudan

  • Morocco

  • Niger

  • Tunisia

  • Gabon

  • Rest of Africa

Key Companies

     
  • Cree Corporation

  • Samsung Electronics Limited 

  • GE Lighting, LLC

  • Sharp Corporation

  • Osram Licht AG

  • Daktronics Inc.

  • Eaton Corporation

  • LG Display Co. Ltd

  • Barco N.V.

  • Luceco Ltd.

  • LED Lighting SA

  • Eagle Lighting

 

LED & OLED Displays And Lighting Products Market Reports - Table of Contents

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Akshay Godge

Client Partner - Global Business Development

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Pranay Mhaisekar

Business Development

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