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LED Backlighting Market Size is Anticipated to Experience Substantial Growth from 2016 to 2023

Low power consumption, light and slim form factor, and high product differentiation are the key driving factors over the forecast period.<br>Features offered such as dimming backlight capability as well as wide color gamut is expected to propel LED backlighting market growth. However, irregular availability of components may pose a challenge. LED lighting market size is expected to exceed USD 75 billion by 2023, and is estimated to account for majority of the overall lighting industry.<br>

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LED Backlighting Market Size is Anticipated to Experience Substantial Growth from 2016 to 2023

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  1. LED Backlighting Market Size is Anticipated to Experience Substantial Growth From 2016 to 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

  2. Regional Analysis of LED Backlighting Market Size: • Asia Pacific LED backlighting market size is forecast to record significant growth from 2016 to 2023. • Emerging nations such as China and India are predicted to drive the global demand through 2023. China is forecast to be one of the most attractive regions owing to the availability of a low cost labor and presence of abundant resources. • Japan is expected to witness considerable growth prospects as the country is the manufacturing hub for various automobile manufacturers such as Honda, Toyota, Nissan, Mitsubishi, and Suzuki.

  3. Application Analysis of LED Backlighting Market: • Increasing implementation of these devices in aircrafts, artificial satellites, and spacecraft's is likely to present growth opportunities. It offers high reliability due to absence of hazardous materials such as lead or mercury. • These products are now finding application in the advertisement industry for showcasing graphics as well as the logo of the company. In addition, it is also greatly used for mood lighting of space, thus helping in boosting visibility and converting casual viewers into customers. • These devices have longer lifespan and produce even light without creating shadows. They also have the capability of fading and flashing at higher frequencies when compared to incandescent and fluorescent lights

  4. Competitive Market Share of LED Backlighting Market: • Key participants comprising LED backlighting market share include Maxim Integrated, Linear Technology, NXP Semiconductors, Texas Instruments, and ON Semiconductor. • Other prominent players in the industry are Analog Devices, Advanced Analogic Technologies, Austria Microsystems, Intersil, Infineon Technologies, iWatt, ROHM, Power Integrators, Semtech, Silicon Touch Technology, Supertex, and STMicroelectronics.

  5. Browse Full Market Research Report On LED Backlighting Market @ https://www.gminsights.com/industry-analysis/led-backlighting-market Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/355

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