PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1720002
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1720002
Electroluminescent Displays Market size was valued at USD 36,280 Million in 2024, expanding at a CAGR of 7.50% from 2025 to 2032.
Electroluminescent Display (ELD) is a type of flat panel display which is created by simply placing an electroluminescent material such as GaAs between two layers of conductors. As the current flows through the material layer, it emits radiation in the visible part of the spectrum. The images shown on electroluminescent displays are created by applying electrical signals to both plates that cause the phosphorus to glow. Electroluminescent displays are widely used in three major sectors of production: industrial, instrumentation, and transportation. The low cost of producing electroluminescent displays for phones and computers, such as organic and flexible ELDs, has resulted in widespread adoption of these display technologies.
Electroluminescent Displays Market- Market Dynamics
High demand from the automotive and advertising sector
Electroluminescent is in high demand in the automotive and advertising industries due to its excellent features such as wide-angle view, contrast, brightness, and ruggedness. The glass coated with indium tin oxide is used for electroluminescent panels. When electrical energy is applied to a semiconductor, it produces photons, or light. The growing use of electroluminescent in billboard lighting, signs, reception desks, nightlights, display stands, and other advertising-related applications is driving market demand. Furthermore, the expansion of automotive vehicles creates a significant demand for electroluminescent displays and lighting. According to the International Organization of Motor Vehicle Manufacturers (OICA), total vehicle production reached 80,154,988 units in 2021, representing a 3% increase. Thus, with the expansion of the automotive and advertising sectors, the global electroluminescent industry is driving and experiencing high demand.
Electroluminescent Displays Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of approximately 7.50% from 2025 to 2032.
Electroluminescent panels are expected to account for a significant part of the market by 2024, according to Material segmentation.
Automotive are expected to have the highest CAGR during the projection period based on end-use segmentation.
On the basis of region, Asia Pacific was the leading revenue generator in 2024
The Global Electroluminescent Displays Market is segmented on the basis of Film Type, Material, End User, and Region.
Based on material, the market is separated into three categories: Electroluminescent wire, Electroluminescent strips/tapes, and Electroluminescent panels. During the forecast period, the Electroluminescent panels segment dominated the global electroluminescent market. The high demand for electroluminescent panels is influenced by their superior characteristics such as dependability, low energy consumption, durability, and affordability. It is highly preferred in electroluminescent displays to increase versatility and visibility. The panels are made up of light-emitting capacitors, which release photons when charged. Furthermore, the high usage of EL panels in digital electronic devices is driving market growth. The market is driven by rising demand for panels in consumer electronics such as PCs, wristwatches, LCDs, smartphones, and others.
Based on the end user, the market is separated into six categories: Food and beverages, Defense, Automotive, Transportation, Textile, and Others. Automotive is predicted to have the highest CAGR during the projection period. The automotive industry is a major user of this technology in the global Electroluminescent Panels market. Electroluminescence is proving to be an effective distraction, with applications in a variety of vehicle components such as the dashboard, door handles, interior fittings, and window stickers. It is an excellent choice for automotive applications due to its flexibility, clarity, and uniformity of illumination, as well as resistance to vibration and pressure. Electroluminescent technology improves the appearance and functionality of vehicles by providing high and consistent quality. Companies with years of experience, such as Cochief, have provided EL products to several car brands around the world, further strengthening their role in automotive development.
Electroluminescent Displays Market- Geographical Insights
Geographically, this market is distributed over North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. These regions are further split based on the nations bringing commerce. In 2024, the Asia Pacific Electroluminescent Panels market held a dominant position. The Asia Pacific Electroluminescent Panels market has expanded dramatically in recent years, owing to technological advancements, rising demand for energy-efficient lighting solutions, and the development of the automotive sector. Electroluminescent panels have several advantages, including low energy consumption, a low profile, and flexibility, allowing them to be used in a wide range of applications such as vehicle clusters or advertising signs. Furthermore, the region's emphasis on sustainable development and stringent energy efficiency legislation encourages the use of electroluminescent panels. Demand for Electroluminescent Panels is expected to rise significantly in the coming years as the automobile industry integrates advanced display technologies into vehicles and relies more on electric cars.
North America is also an important market for electroluminescent materials, as evidenced by the presence of leading manufacturers, research institutions, and technological advances. The demand for high-performance lighting and display solutions in the automotive, healthcare, and aerospace industries has made the United States a key North American market. The region's strong emphasis on innovation, combined with stringent energy efficiency regulations, is accelerating the adoption of advanced electroluminescent materials and technologies.
The Electroluminescent Displays market has a competitive landscape with a diverse range of players, ranging from established electronics manufacturers to new technology firms. Leading companies, such as Nejilock Technology Pte Ltd, Lumineq, Planar Systems, Materiability Research Group, and EL International Ltd, are using their display technology expertise to develop and improve electroluminescent (EL) displays for a wide range of applications, including automotive, consumer electronics, and advertising. These companies are focused on increasing the efficiency, brightness, and versatility of EL displays while lowering manufacturing costs. For instance, in April 2023, the QL-Tex project was launched to advance ambient lighting and display technology by incorporating electroluminescence (EL) into textiles via colloidal quantum dots (QDs). The German Research Foundation (DFG) funded the initiative, which aims to improve the performance and versatility of EL textiles known for their thin and robust nature. Researchers are working on adapting EL technology for flexible fabrics, expanding the color palette, and improving overall performance. Key objectives include creating white-luminous textiles with red-luminous QDs and lowering the operating voltage of EL textiles.
In May 2024, Samsung Display unveiled its first QD-LED display during Display Week 2024. The 18-inch prototype, which was entirely built using inkjet printing, represents a significant advancement in display technology. This novel method delivers electrical current directly to quantum dots, eliminating the need for traditional LED or OLED components. The prototype has a resolution of 3200x1800 pixels (202 ppi) and a brightness of 250 nits, making it the largest QD-LED display showcased to date.
In March 2021, Thermal Sciences International acquired Lit coat Electroluminescent Paint Systems, which is well-known for multi-colored electrical paint lighting, billboards, houses, and other applications, in order to expand its business portfolio.
In January 2020, Ellumiglow, a leading provider of electroluminescent lighting solutions, has announced the release of its Pixel-Free LED 360 tubelight product, which uses electroluminescent panels.