The Middle Eastern LED & OLED lighting products and displays market is anticipated to cross a US$ 7.1 Billion valuation through the projection period from 2015 to 2025.
The Middle Eastern LED & OLED lighting products and displays market is anticipated to cross a US$ 7.1 Billion valuation through the projection period from 2015 to 2025.
The covid-19 pandemic has negatively impacted the market owing to a shortage of electronic components owing to production shut down in multiple countries including China. On the other hand, potential disinfection applications with UV LED products will create growth opportunities.
“The Middle-East LED and OLED lighting industry is expected to remain resilient to market fluctuations. Regional governments will help in maintaining stable investments, while private investments will continue to grow, particularly in hospitality sector applications,” says the FMI analyst.
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LED & OLED Lighting Products and Displays MEA Market – Primary Takeaways
LED & OLED Lighting Products and Displays MEA Market – Growth Factors
LED & OLED Lighting Products and Displays Market – Major Constraints
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The Projected Impact of Coronavirus
The coronavirus pandemic is likely to result in increasing prices of LED and OLED lighting products and displays in the Middle East. In addition, suspension of production activity in the electronics sector in multiple countries, will hurt supplies of components required to produce LED and OLED lighting products and displays around the globe. However, recent research on UV-based LED products for disinfection applications during the pandemic will generate substantial opportunities for growth within the industry.
Competition Landscape
The Middle East LED & OLED lighting products and displays market comprises players including but not limited to LG Display Co. Ltd., GE Lighting, Zumtobel Group AG, OSRAM Light AG, Toshiba Lighting and Technology Corp., Daktronics Inc., and Barco N.V.
Players in the Middle East LED and OLED lighting products and displays market are pushing for the expansion of production capacities, and product innovations to widen the scope of application to multiple verticals.
For instance, Rexton Technologies has opened the largest LED technologies production facility of the Middle East and North Africa sector in Sharjah. Barco N.V. has unveiled a new range of LED-based video and presentation control systems with 4k technology. OSRAM Light AG has developed a new LED lighting product for automotive applications in dense fog conditions.
More About the Study
The FMI study provides detailed insights on LED & OLED lighting products and displays market. The market is broken down in terms of type (solar, conventional, mobile display, consumer TV display, outdoor LED display), and end use (residential and commercial) across two key regions (GCC and Levant).
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Key Segment
LED & OLED Lighting Products:
By Product Type
By End Use
Key Regions/Countries Covered:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Future Market Insights
Business ,
May 05, 2023
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