World - Indicator Panels Incorporating Liquid Crystal Devices (Lcd) Or Light Emitting Diodes (Led) - Market Analysis, Forecast, Size, Trends and Insights
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The article discusses the forecasted downward trend in the market for LCD or LED indicator panels over the next eight years, with a decrease in both volume and value. In 2022, global consumption saw significant growth, reaching a peak level, but is expected to decline by 2030. The article also covers production, imports, and exports of LCD or LED indicator panels, highlighting the major consuming and producing countries, as well as trends in average prices. Overall, the data presented indicates a shift in the market dynamics for indicator panels incorporating liquid crystal devices or light emitting diodes, with varying growth rates and trends across different countries.
Market Forecast
The market for LCD or LED indicator panel is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.0% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 824M units by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of -0.9% for the period from 2022 to 2030, which is projected to bring the market value to $53.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)
Global LCD or LED indicator panel consumption soared to 893M units in 2022, picking up by 33% on the previous year's figure. Overall, consumption recorded prominent growth. Over the period under review, global consumption reached the maximum volume in 2022 and is likely to see steady growth in the near future.
The revenue of the market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) worldwide surged to $57.5B in 2022, rising by 96% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Germany (142M units), India (125M units) and the United States (78M units), together accounting for 39% of global consumption. Thailand, China, Taiwan (Chinese), Italy, Hong Kong SAR, Singapore, Austria, Tunisia, Japan and the Philippines lagged somewhat behind, together accounting for a further 39%.
From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +59.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($15.7B) led the market, alone. The second position in the ranking was held by Austria ($6.7B). It was followed by China.
In the United States, the LCD or LED indicator panel market expanded at an average annual rate of +18.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Austria (+58.4% per year) and China (+5.0% per year).
The countries with the highest levels of LCD or LED indicator panel per capita consumption in 2022 were Singapore (5.1 units per person), Hong Kong SAR (4.5 units per person) and Austria (3 units per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Austria (with a CAGR of +59.1%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)
Global LCD or LED indicator panel production rose markedly to 1.2B units in 2022, growing by 7.7% compared with the previous year. In general, production continues to indicate measured growth. The pace of growth appeared the most rapid in 2018 with an increase of 201% against the previous year. Over the period under review, global production attained the peak volume in 2022 and is expected to retain growth in the immediate term.
In value terms, LCD or LED indicator panel production amounted to $24.2B in 2022 estimated in export price. Overall, production posted moderate growth. The pace of growth appeared the most rapid in 2018 with an increase of 71%. Over the period under review, global production reached the maximum level at $25.1B in 2020; however, from 2021 to 2022, production failed to regain momentum.
Production By Country
The country with the largest volume of LCD or LED indicator panel production was China (639M units), accounting for 53% of total volume. Moreover, LCD or LED indicator panel production in China exceeded the figures recorded by the second-largest producer, Germany (102M units), sixfold. The third position in this ranking was taken by Taiwan (Chinese) (78M units), with a 6.5% share.
In China, LCD or LED indicator panel production expanded at an average annual rate of +2.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+18.2% per year) and Taiwan (Chinese) (-4.1% per year).
Imports
World Imports of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)
Global LCD or LED indicator panel imports totaled 794M units in 2022, surging by 10% compared with the year before. In general, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 78% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, LCD or LED indicator panel imports stood at $6.7B in 2022. Over the period under review, imports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2017 when imports increased by 9.4% against the previous year. Global imports peaked at $10.5B in 2012; however, from 2013 to 2022, imports failed to regain momentum.
Imports By Country
The purchases of the six major importers of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), namely Thailand, India, Hong Kong SAR, China, the United States and Germany, represented more than two-thirds of total import. Singapore (36M units), Italy (30M units), Austria (27M units), Tunisia (26M units), Russia (14M units) and the Philippines (14M units) took a minor share of total imports.
From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +68.8%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($1.1B) constitutes the largest market for imported indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) worldwide, comprising 16% of global imports. The second position in the ranking was taken by Germany ($513M), with a 7.6% share of global imports. It was followed by Thailand, with a 5.5% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: Germany (-6.4% per year) and Thailand (-1.1% per year).
Import Prices By Country
In 2022, the average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $8.5 per unit, declining by -8.7% against the previous year. In general, the import price faced a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 61% against the previous year. Global import price peaked at $36 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($16 per unit), while Tunisia ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-3.1%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)
In 2022, shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -5.4% to 1.1B units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a moderate expansion. The pace of growth was the most pronounced in 2018 with an increase of 231%. Over the period under review, the global exports reached the maximum at 1.2B units in 2021, and then reduced in the following year.
In value terms, LCD or LED indicator panel exports rose significantly to $5.4B in 2022. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 18%. The global exports peaked at $9.8B in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
In 2022, China (678M units) was the largest exporter of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), creating 62% of total exports. It was distantly followed by Hong Kong SAR (136M units) and Thailand (66M units), together achieving an 18% share of total exports. Singapore (36M units), Taiwan (Chinese) (34M units), Germany (21M units), Italy (18M units), the United States (17M units) and Malaysia (17M units) followed a long way behind the leaders.
Exports from China increased at an average annual rate of +3.3% from 2012 to 2022. At the same time, Italy (+28.9%), Thailand (+20.6%), the United States (+10.3%), Germany (+10.2%) and Malaysia (+4.3%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.9% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Singapore (-6.9%) and Taiwan (Chinese) (-10.4%) illustrated a downward trend over the same period. Thailand (+4.8 p.p.) and China (+4.7 p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR, Singapore and Taiwan (Chinese) saw its share reduced by -3.4%, -5.2% and -8.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($1.6B) remains the largest LCD or LED indicator panel supplier worldwide, comprising 30% of global exports. The second position in the ranking was held by the United States ($610M), with an 11% share of global exports. It was followed by Taiwan (Chinese), with an 8.8% share.
In China, LCD or LED indicator panel exports expanded at an average annual rate of +7.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+0.0% per year) and Taiwan (Chinese) (-16.8% per year).
Export Prices By Country
In 2022, the average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $4.9 per unit, surging by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2015 when the average export price increased by 103% against the previous year. Over the period under review, the average export prices attained the peak figure at $18 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($35 per unit), while China ($2.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for lcd or led indicator panel. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27902020 - Indicator panels incorporating liquid crystal display (LCD)
- Prodcom 27902050 - Indicator panels incorporating light emitting diodes (LED)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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