Middle East Led Oled Lighting Products Displays Market

LED & OLED Lighting Products and Displays Market - Driven by Growing Environmental Sustainability Awareness and Regional Infrastructure Development: Middle East Industry Analysis and Opportunity Assessment 2015 - 2025

Introduction

LED lights are light-emitting diode products used in lighting fixtures. It is a semiconductor lighting source that finds wide application such as in automotive lighting, general as well as backlighting.

The acceptance of LED lighting is escalating in almost all major end uses such as industrial buildings, residential and commercial buildings, as well as outdoor application areas.

LED lights are rapidly replacing conventional lighting products due to various features of the former such as long life span, high energy efficiency, environmental-friendly, high durability, low heat and small size.

middle-east-led-oled-lighting-products-displays-market

middle-east-led-oled-lighting-products-displays-market

Market Value and Forecast

Middle East LED & OLED lighting products and displays market is anticipated to expand at a healthy CAGR during the forecast period. This growth is mainly driven by rising demand for LED products due to various supportive government regulations, increasing focus on R&D activities and rising commercial construction projects, including shopping malls and multiplexes. Other trends driving growth include rising shift from OLED display technology to AMOLED display technology and increasing investments by key players in developing regions.

Segmentation by Product Type

On the basis of product type, Middle East LED & OLED lighting products market is segmented into solar and conventional, while the LED and OLED displays market is segmented into mobile displays, consumer TV displays and outdoor LED displays. Solar segment in Middle East LED & OLED lighting products market accounted for a value share of 6.5% in 2014, which is projected to increase to 9.0% by 2025. The solar segment in the Middle East LED & OLED lighting products market is projected to exhibit the highest CAGR of 17.8% over the forecast period (2015–2025). Mobile displays accounted for 15.4% value share in 2014 and is expected to register a CAGR of 7.8% over the forecast period. However, in terms of value, consumer TV segment is projected to be dominant by 2025, with a market share of 75.7%, as compared to mobile displays segment, with 20.7% share.

Segmentation by End-Use

On the basis of end use, Middle East LED & OLED lighting products market is segmented into residential and commercial. Among these, residential segment is expected to exhibit the highest CAGR of 14.8% over the forecast period.

middle-east-led-oled-lighting-products-displays-market

Key Regions

KSA dominated the LED & OLED lighting products market in GCC region with over 32.0% market share in 2014 and is anticipated to retain its dominance through 2025, followed by UAE and Qatar. Among all countries in Levant region, Turkey market is anticipated to register the highest CAGR over 2015–2025, followed by Israel, due to the changing lifestyle and consumer preference within this region.

Key Players

Key players in the Middle East LED & OLED lighting products and displays market include GE Lighting, LLC, OSRAM Licht AG, Daktronics Inc., and Samsung Electronics Co. Ltd, Barco N.V., Toshiba Lighting & Technology Corporation, Zumtobel Group AG and LG Display Co., Ltd. Major participants are focusing on R&D activities to provide innovative and environment-friendly products to attain sustainability. These key players are also focusing on expansion and strategic acquisitions to strengthen their product portfolio.

Report Synopsis

The Future Market Insights (FMI) study offers a 10-year (2015-2025) forecast for the Middle East LED & OLED lighting products and displays market. The lighting products market is expected to register a CAGR of 14.3% by value over the forecast period. The study analyses market dynamics and trends in the Middle East regions that influence the current nature and future status of LED & OLED lighting products and displays over the forecast period.

Report Description

This FMI report examines the Middle East LED & OLED lighting products and displays market for 2015-2025. Its primary objective is to offer updates on advancements in LED & OLED lighting products and displays that have given rise to high demand for both LED & OLED lighting products and displays.

LED light is a light-emitting diode product which is used in lighting fixtures. It is a semiconductor lighting source that finds wide applications such as automotive lighting, general as well as backlighting.

The acceptance of LED lighting is escalating in almost all major end uses such as industrial buildings, residential and commercial buildings, as well as outdoor application areas.

LED lights are rapidly replacing conventional lighting products due to various features offered by the former such as long life cycle, high energy efficiency, environmental friendliness, superior durability, low thermal emission and relatively small size.

In the section that follows, the report covers the LED & OLED lighting products and displays market performance in terms of revenue split in order to provide in-depth analysis of the market. This section also includes FMI’s analysis of key trends, drivers and restraints from supply, demand and economy sides that are influencing the Middle East LED & OLED lighting products and displays market. Impact analysis of key growth drivers and restraints, based on the weighted average model, is included in the report to better equip clients with crystal clear decision-making insights.

The next section of the report highlights adoption of LED and OLED lighting products and displays by regions namely Middle East. It provides market outlook for 2015-2025 and sets the forecast within the context of the LED & OLED lighting products and displays market ecosystem. This study discusses key regional trends contributing to growth of the LED & OLED lighting products and displays market across Middle East regions, as well as analyses the degree to which drivers are influencing this market in each region. Countries assessed in this report include KSA (The Kingdom of Saudi Arabia), UAE, Qatar, Oman, Bahrain, Kuwait, Turkey, Israel, Egypt, Jordan, Lebanon, Cyprus, Iraq, Palestine and Syria.

All the above sections-by end-use industry, by product type and by region-evaluate the present scenario and growth prospects of the LED & OLED lighting products and displays market for 2015-2025. We have considered 2014 as the base year and provided data for all 12 months of the year. 

To calculate the LED & OLED lighting products and displays market size, we have considered revenue generated from sales of LED & OLED lighting products and displays as well as adoption of products. The forecast presented here assesses total revenue across the Middle East LED & OLED lighting products and displays market. In order to offer an accurate forecast, we start by sizing the current market, which forms the basis of how the LED & OLED lighting products and displays market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis based on consumer spending, supply side and economic envelope. However, forecasting the market in terms of various LED & OLED lighting products and displays market segments and regions is more a matter of identifying opportunities and quantifying expectations rather than rationalising them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating economy of Middle East countries, we not only forecast the market in terms of CAGR but also analyse the basis of key parameters such as year-on-year (Y-o-Y) growth to understand predictability of the market to identify the right opportunities across the LED and OLED lighting products and displays market.

As previously highlighted, Middle East LED & OLED lighting products and displays market is split into a number of segments. All the LED and OLED lighting products and displays market segments in terms of product type, end use and region are analysed in terms of Basis Point Share (BPS) to understand individual segment’s relative contribution to market growth. This detailed level of information is important for identification of various key trends of the LED & OLED lighting products and displays market.  

Another key feature of this report is the analysis of all key LED & OLED lighting products and display market segments, sub-segments and regional adoption as well as forecast of revenue in terms of absolute dollar. Absolute dollar opportunity is usually overlooked while forecasting the market; however, it is critical in assessing the level of opportunity that a provider can look to achieve and identifying potential resources from a sales and delivery perspective in the Middle East LED & OLED lighting products and displays market. 

Furthermore, to understand key growth segments in terms of growth and adoption of LED & OLED lighting products and display products across regions, FMI has developed the Middle East LED & OLED lighting products and displays market attractiveness index. The resulting index should help providers identify real market opportunities.

In the final section of the report, competitive landscape of the Middle East LED & OLED lighting products and displays market is included to provide report audiences with a Dashboard view, based on categories of providers in the value chain, product portfolio related to LED & OLED lighting products and displays market and key differentiators. Key categories of providers covered in the report are LED & OLED lighting products and displays manufacturers. 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 Middle East LED & OLED lighting products and displays market value chain. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the LED & OLED lighting products and displays market. Detailed profiles of providers are also included in the report to evaluate their long- and short-term strategies, key offerings and recent developments in the Middle East LED & OLED lighting products and displays market.

Key Segments Covered

LED & OLED Lighting Products

  • By Product Type
    • Solar
    • Conventional
      • Linear and Strips
      • Lamps and Bulbs
    • By End Use
      • Residential
      • Commercial

LED & OLED Display Market

  • By Product Type
    • Mobile display
      • AMOLED
      • OLED
      • LCD
    • Consumer TV display
      • LCD
      • Plasma
      • LED
      • OLED
      • AMOLED
    • Outdoor LED display
      • LED Billboards
      • Perimeter LED Boards
      • LED Mobile Panels
      • LED Traffic Lights
      • LED Video Walls

     

Key Regions/Countries Covered

  • GCC
    • UAE
    • KSA
    • Qatar
    • Oman
    • Bahrain
    • Kuwait
  • Levant
    • Turkey
    • Israel
    • Egypt
    • Jordan
    • Lebanon
    • Syria
    • Iraq
    • Palestine
    • Cyprus

Key Companies

  • OSRAM Licht AG
  • GE Lighting, LLC
  • Cree, Inc.
  • Sharp Corporation
  • Eaton Corporation (Cooper Industries PLC)
  • LG Display Co., Ltd.
  • Daktronics Inc.
  • Barco N.V
  • Samsung Electronics Co. Ltd.
  • Toshiba Lighting & Technology Corporation
  • Zumtobel Group AG