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Africa LED & OLED Displays and Lighting Products Market Analysis | CMI

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Africa LED & OLED Displays and Lighting Products Market Analysis | CMI

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. AFRICA LED & OLED DISPLAYS AND LIGHTING PRODUCTS MARKET ANALYSIS • Africa LED & OLED Displays and Lighting Products Market, By Display Products (Mobile Displays(LED, OLED, AMOLED),Consumer TV Displays(LED, OLED, AMOLED),Outdoor LED Displays(Product Type(LED Billboards, Perimeter LED Boards, LED Mobile Panels, LED Traffic Lights, LED Video Walls),Color Type(Monochrome, Tri-color, Full-color))), By Lighting Products (Product Type(LED Bulbs, Bare LED Tubes, Lighting Fixtures, Solar LED Lighting), Application(Street Lighting, Down Lighting, Garden Lighting, Ceiling Lighting, Decorative & Portable Lighting, Others)), and By By Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027 • Africa LED & OLED displays and lighting products market is expected to account for US$ 1088.9 Mn by the end of 2019.

  3. Market Dynamics- Drivers • Growing proliferation of smartphones in emerging economies, owing to rampant development of telecommunications infrastructure is expected to drive growth of the Africa LED & OLED Displays and Lighting Products Market during the forecast period. Various countries in Africa such as South Africa, Nigeria, Egypt, Senegal, Kenya, Ghana, and Tanzania are adopting ‘internet governance’. Moreover, mobile phone users are rapidly shifting towards smartphones, owing to cheap and easy availability, is expected to propel the market growth in the near future. For instance, according to GSMA Intelligence, Sub-Saharan Africa had 160 million smartphone users and is expected to reach 450 million by 2020. This is owing to rapid shift to mobile broadband network. According to the same source, as of June 2015, around 41 countries have 3G network, while 4G network is functioning in 23 countries. • Furthermore, growing expenditure on television services, owing to exception economic growth in emerging economies is expected to propel the Africa LED & OLED displays and lighting products market over the forecast period. Increasing demand for high-quality digital services coupled with rising number of TV broadcasters, and rampant growth new broadcasting technologies are expected to support the market growth in the near future. For instance, in 2016, Netflix Inc., a U.S.-based digital media provider, introduced its service in South Africa, with aim to service growing demand for TV in the region. Currently, the company offers SD, HD, and UHD resolutions.

  4. Nigeria dominated the Africa LED & OLED Displays and Lighting Products Market in 2019, accounting for 23.8% share in terms of value, followed by Egypt and South Africa, respectively

  5. Market Dynamics- Restraints • High cost associated with LED and OLED displays has shifted consumer preference towards LCDs. Although LED and OLED displays offer superior performance, consumers are choosing LCD due to its satisfactory performance at lower price. This, in turn, is expected to restrain growth of the Africa LED & OLED displays and lighting products market during the forecast period. Moreover, lack of awareness regarding benefits of modern lighting solutions among consumers is expected to hinder the market growth over the forecast period.

  6. Market Opportunities • OLEDs are expected to pose conducive growth opportunities for market players. OLEDs offer flexibility, transparency, and surface light source. Key players in the market and startups are offering LED and OLED products, which in turn, is expected to pose excellent growth opportunities for them. Furthermore, proliferation of LED lighting products is increasing though its market share is less than fuel-based lighting system. This offers excellent opportunities for LED lighting products manufactures. According to Lighting Africa, as of 2012, off-grid lighting products accounted for 4% with growth rate of 90-95% annually and sales of 4.4 million unit.

  7. Consumer TV Displays segment of Africa LED & OLED displays and lighting products market is estimated to be US$ 239.1 million in 2019 and is expected to grow at a CAGR of 18.8% between 2019 and 2027.

  8. Market Trends • There is common preference towards LED over OLED, owing to cost of OLED being substantially high compared to LED. Moreover, LED has longer lifespan when compared to OELDs. LEDs can deliver the same performance as of OLEDs at low cost, thus LEDs are expected to witness high demand in near future. • Furthermore, growing penetration of Chinese products has become a popular trend, owing to China emerging as Africa’s largest trading partner. According to Lighting Africa, as of 2012, around 90% of lighting products are produced and imported from China.

  9. Market Segmentation

  10. Competitive Section • Key players operating in the Africa LED & OLED displays and lighting products market are OSRAM GmbH GE Lighting (General Electric Company), Cree, Inc., Sharp Corporation, LG Display Co., Ltd., Eaton (Cooper Industries PLC), Daktronics, Inc., Barco, SAMSUNG, and Luceco Ltd.

  11. Key Developments & Strategy • Key players in the market are adoption growth strategies such as mergers and acquisitions, in order to gain competitive edge in the market. For instance, in July 2016, OSRAM GmbH, acquired Novità Technologies, a manufacturer of electronic control systems for automotive lighting applications, in order to expand its specialty lighting business in the U.S. market. The company is involved various growth strategies such as capacity expansion, in order enhance its market presence • Major companies in the market are focused on various growth strategies such as entering to agreement, in order to enhance their market presence. For instance, in September 2015, GE Lighting and SST, Inc. entered into a memorandum of understanding (MoU), in order to integrate SST’s Shotstopper technology with GE’s intelligent LED street lights.

  12. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Reference : https://www.coherentmarketinsights.com/market-insight/africa-led-and-oled-displays-and-lighting-products-market-3132

  13. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  14. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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