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The electroluminescent (EL) panels market is expected to grow at a CAGR of about 7% in the forecast period of 2024-2032.
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The rising shift towards digital devices and appliances from analogue is leading to a growing market for displays, not just for average consumers but also in defence and medical, as well as in outdoor marketing and signs for public communication. EL panels are a standard choice for low-cost digital displays as they are beginning to replace physical boards/meters to enhance visibility and versatility of information. As individuals and institutions become more environmentally conscious, EL panels are becoming more relevant due to their low energy consumption and inherent compatibility with solar energy sources. While already common in certain regions, EL panels are being widely adopted in developing countries. Meanwhile, the Asia Pacific region is expected to show a significant increase in market size during the forecast period of 2024-2032.
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Electroluminescence is a phenomenon that occurs when a material produces light due to the passage of electric current or in response to a strong electric field. The material used is typically a semiconductor and may be organic or inorganic.
EL panels are composed of a capacitor with an electroluminescent dielectric between the plates that releases photons when charged. They have been in use since 1938 but have become increasingly popular today as the backlights for LCD displays.
Electroluminescent panels can be classified based on shape as:
The market can be broadly categorised on the basis of the colour of these panels into:
The global EL panels market can be segmented based on applications as:
The EMR report looks into the regional markets of electroluminescent (EL) panels like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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As processes become increasingly modern, physical meters and analogue devices commonly used in industries are becoming digitally controlled and need to be replaced with cheap, low consumption displays. This is one of the major applications of EL panels, which has led to a rise in demand for the product, especially in the developing regions like the Asia Pacific, where the shift towards digitalisation is still underway.
In developed countries, in cases where displays are required to be in operation for a large period of time such as advertisement boards, information for public transport, and others., EL panels are ideal due to their low energy requirements, especially in outdoor situations where solar power can be harnessed as well. Thus, the growing adoption of energy-efficient devices owing to the rising environmental concern is expected to aid the market growth in the coming years.
The report presents a detailed analysis of the following key players in the global electroluminescent panel market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Shape |
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Breakup by Colour |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electroluminescent (EL) Panels Market Analysis
8.1 Key Industry Highlights
8.2 Global Electroluminescent (EL) Panels Historical Market (2018-2023)
8.3 Global Electroluminescent (EL) Panels Market Forecast (2024-2032)
8.4 Global Electroluminescent (EL) Panels Market by Shape
8.4.1 Rectangle
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Square
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Strip
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Round
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Electroluminescent (EL) Panels Market by Colour
8.5.1 White
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Blue
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Green
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Red
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Electroluminescent (EL) Panels Market by Application
8.6.1 Advertising Display
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Construction
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Automotive
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Aircraft
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Defence
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Signs
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Consumer Electronics
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Others
8.7 Global Electroluminescent (EL) Panels Market by Region
8.7.1 North America
8.7.2 Europe
8.7.3 Asia Pacific
8.7.4 Latin America
8.7.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Manufacturing Process
11.1 Overview
11.2 Detailed Process Flow
11.3 Operations Involved
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Cochief Industrial Co., Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Nejilock Technology Pte Ltd
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Technolight
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Ellumiglow
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Aircraft Engineering & Installation Services Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Shanghai Keyan Phosphor Technology Co.,Ltd. (KPT)
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Cost of Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investment
List of Key Figures and Tables
1. Global Electroluminescent (EL) Panels Market: Key Industry Highlights, 2018 and 2032
2. Global Electroluminescent (EL) Panels Historical Market: Breakup by Shape (USD Billion), 2018-2023
3. Global Electroluminescent (EL) Panels Market Forecast: Breakup by Shape (USD Billion), 2024-2032
4. Global Electroluminescent (EL) Panels Historical Market: Breakup by Colour (USD Billion), 2018-2023
5. Global Electroluminescent (EL) Panels Market Forecast: Breakup by Colour (USD Billion), 2024-2032
6. Global Electroluminescent (EL) Panels Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Electroluminescent (EL) Panels Market Forecast: Breakup by Application
8. (USD Billion), 2024-2032
9. Global Electroluminescent (EL) Panels Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Global Electroluminescent (EL) Panels Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. North America Electroluminescent (EL) Panels Historical Market: Breakup by Country (USD Billion), 2018-2023
12. North America Electroluminescent (EL) Panels Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Europe Electroluminescent (EL) Panels Historical Market: Breakup by Country (USD Billion), 2018-2023
14. Europe Electroluminescent (EL) Panels Market Forecast: Breakup by Country (USD Billion), 2024-2032
15. Asia Pacific Electroluminescent (EL) Panels Historical Market: Breakup by Country (USD Billion), 2018-2023
16. Asia Pacific Electroluminescent (EL) Panels Market Forecast: Breakup by Country (USD Billion), 2024-2032
17. Latin America Electroluminescent (EL) Panels Historical Market: Breakup by Country (USD Billion), 2018-2023
18. Latin America Electroluminescent (EL) Panels Market Forecast: Breakup by Country (USD Billion), 2024-2032
19. Middle East and Africa Electroluminescent (EL) Panels Historical Market: Breakup by Country (USD Billion), 2018-2023
20. Middle East and Africa Electroluminescent (EL) Panels Market Forecast: Breakup by Country (USD Billion), 2024-2032
21. Global Electroluminescent (EL) Panels Market Structure
The electroluminescent panels market is expected to show a healthy growth during the forecast period of 2024-2032, growing at a CAGR of 7%.
The major drivers of the industry, such as rising disposable incomes, shift from analogue to digital devices and displays, rapid urbanisation, and increasing demand for eco-friendly appliances, are expected to aid the market growth.
The key industry trend driving the growth of the market is the growing reliance on solar-powered devices.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on shape, EL panels are classified as rectangle, square, strip, and round, among others.
The market can be divided based on colour of the panel into white, blue, green, red, and others.
The major applications of EL panels include advertising displays, construction, automotive industry, aircraft, defence, signs, and consumer electronics, among others.
The key industry players discussed in the report include Cochief Industrial Co., Ltd., Nejilock Technology Pte Ltd, Technolight, Ellumiglow, Aircraft Engineering & Installation Services Inc., and Shanghai Keyan Phosphor Technology Co.,Ltd. (KPT), among others.
The global electroluminescent (EL) panels market is being driven by the shift to digital appliances and displays. Aided by the growing awareness regarding the environment, the market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of approximately 7%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its shapes, the EL panel market can be segmented into rectangle, square, strip, and round, among others. On the basis of colour, the market can be divided into white, blue, green, red, and others. The leading applications for the EL panel market are advertising displays, construction, automotive industry, aircraft, defence, signs, and consumer electronics, among others. The major regional markets for EL panels are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cochief Industrial Co., Ltd., Nejilock Technology Pte Ltd, Technolight, Ellumiglow, Aircraft Engineering & Installation Services Inc., and Shanghai Keyan Phosphor technology Co., Ltd. (KPT), among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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