GCC And Levant LED And OLED Lightning Products and Displays Market, By TV Displays (Consumer TV Displays (AMOLED, LCD, LED, OLED, Plasma), Mobile Displays (AMOLED, LCD, OLED)), By Color (Full Color, Monochrome, Tri Color), By Type (LED billboards, LED mobile panels, LED traffic lights, , LED video walls, Perimeter LED boards), By Region (Cyprus, Egypt, Israel, Jordan, Lebanon, Other GCC, Saudi Arabia, Turkey, UAE) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
LDE and OLED lighting products offer a combination of power and longevity, as well as the possibility to provide the highest levels of color depth and brightness. The biggest advantage of using OLED technology in lighting is that it consumes lesser energy than any other lighting device. It is highly durable and does not need to be serviced too often. Furthermore, as a result of the latest developments, there are now powerful, long-lasting batteries available for use with most OLED lighting products. Moreover, as pointed out above, there are many benefits and advantages of using LEDs over and above the benefits they provide in terms of energy efficiency, durability, and reliability. For instance, while LED lights tend to consume more energy than incandescent ones, it is a well-known fact that LED lights can last up to ten times longer than incandescent bulbs.
Increasing adoption of OLED displays in smartphones is expected to boost the GCC and Levant LED & OLED lighting products and displays market growth over the forecast period. Smartphone manufacturers are increasingly adopting OLED displays as it provides improved image quality with better contrast, higher brightness, and wider angle, lower power consumption, and simple design that enables flexible and transparent displays. With growing demand for smartphones, the adoption of OLED displays has surged up. Hence, such factors are expected to boost market growth.
Furthermore, growing demand for AMOLED displays in AR/VR headset applications is expected to accelerate growth of the GCC and Levant LED & OLED lighting products and displays market in the near future.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook