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Africa LED & OLED Displays and Lighting Products Market (2017-2027)

Market Overview

A light-emitting diode (LED) is a semi-conductor light source that coverts electrical energy into light energy. When compared with conventional light sources such as incandescent lamps, LEDs are more efficient and last for a longer period of time. Furthermore, an organic light-emitting diode (OLED) also referred as organic LED is a light source that uses electroluminescent organic material between two conductors, which release light when it is induced with electric current. Generally, OLEDs are extensively used in digital displays. Moreover, active-matrix organic light-emitting diode is display device that typically finds applications in mobile device, smart watches, televisions, and laptops.

Africa LED & OLED displays and lighting products market is expected to account for US$ 1088.9 Mn by the end of 2019.

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.

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

Africa LED & OLED Displays and Lighting Products  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2018)

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.

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.

Africa LED & OLED Displays and Lighting Products  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2018)

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.

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.

Market Segmentation

Africa LED & OLED Displays and Lighting Products  | Coherent Market Insights

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.        

Key Developments & Strategy

  1. 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
  2. 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.

Light Emitting Diodes (LEDs) are light emitting devices which uses phenomenon of injection electroluminescence to emit the light. These LEDs are p-n junction diodes which produce a light when particles carrying the current combine together within the semiconductor material. While, an organic light-emitting diode (OLED) also referred as organic LED is a light source that uses electroluminescent organic material between two conductors, which release light when it is induced with electric current.

Market Dynamics

The demand for LEDs and OLEDS in commercial and residential sectors has increased substantially in recent years. Growing demand for smart mobile phones in the region and increasing adoption of LED and OLED televisions are expected to drive growth of the Africa LED and OLED displays market during the forecast period. Moreover, various government in across the region has started adopting LED lighting products for public infrastructures such as street lights, government offices owing to its benefits. Hence, the government initiatives are also expected to fuel demand for LED and OLED products in the near future.

Market Taxonomy

This report segments the Africa LED and OLED display and lighting products market on the basis of display products, lighting products, and country. The display products are further segmented into mobile displays, consumer TV displays and outdoor led displays. While lighting products are categorized into product type and applications. For comprehensive understanding of market dynamics, the market is analyzed across all the countries in the region, namely Nigeria, Democratic Republic of Congo, Kenya, Morocco, Gabon, Ethiopia, South Africa, Algeria, Niger, Rest of Africa, Egypt, Tanzania, Sudan, and Tunisia. Each of these countries are analyzed based on market findings across each market segment for a macro-level understanding of the market.

Key features of the study:

  • This report provides in-depth analysis of the Africa LED and OLED display and lighting products market with market size (US$ Million) and CAGR (%) for the forecast period, 2019 – 2027, considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, country level outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the Africa LED and OLED display and lighting products market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key companies covered as a part of this study include 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. 
  • Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to their future product launches, technology upgrades, market expansion, and marketing tactics
  • Various strategy matrices used in analyzing the Africa LED and OLED display and lighting products market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:

  • Africa LED and OLED display 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
  • Africa LED and OLED Display And Lighting Products Market, 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
  • Africa LED and OLED display and lighting products market, By Geography:
    • By Country
      • Nigeria
      • Democratic Republic of Congo
      • Kenya
      • Morocco
      • Gabon
      • Ethiopia
      • South Africa
      • Algeria
      • Niger
      • South Africa
      • Rest of Africa
      • Egypt
      • Tanzania
      • Sudan
      • Tunisia
    • By Segment
      • 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
  • Company Profiles
      • OSRAM GmbH GE Lighting (General Electric Company) *
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Cree, Inc.
      • Sharp Corporation 
      • LG Display Co., Ltd. 
      • Eaton (Cooper Industries PLC) 
      • Daktronics, Inc. 
      • Barco 
      • SAMSUNG 
      • Luceco Ltd. 

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Display Products
      • Market Snippet By Lighting Products
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
  4.  Africa LED & OLED Displays and Lighting Products  Market, By Display Products, 2017 - 2027 (USD Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • QMobile Displays
      • LED
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • OLED
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • AMOLED
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
    • Consumer TV Displays
      • LED
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • OLED
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • AMOLED
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
    • Outdoor LED Displays
      • Product Type
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
        • LED Billboards
        • Perimeter LED Boards
        • LED Mobile Panels
        • LED Traffic Lights
        • LED Video Walls
      • Color Type
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
        • Monochrome
        • Tri-color
        • Full-color
  5. Africa LED & OLED Displays and Lighting Products  Market, By Lighting Products, 2017 - 2027 (USD Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Product Type
      • LED Bulbs
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • Bare LED Tubes
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • Lighting Fixtures
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • Solar LED Lighting
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
    • Application
      • Street Lighting
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • Down Lighting
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • Garden Lighting
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • Ceiling Lighting
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • Decorative & Portable Lighting 
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
      • Others
        • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2017 - 2027, (USD Million)
  6.  Africa LED & OLED Displays and Lighting Products  Market, By Country, 2017 - 2027 (USD Million)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
      • Y-O-Y Growth Analysis, For Regions, 2017 - 2027
    • Nigeria
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Democratic Republic of Congo
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Kenya
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Morocco
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Gabon
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Ethiopia
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • South Africa
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Algeria
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Niger
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • South Africa
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Rest of Africa
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Egypt
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Tanzania
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Sudan
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
    • Tunisia
      • By Segment
        • Market Size and Forecast, By Display Products, 2017 - 2027 (USD Million)
        • Market Size and Forecast, By Lighting Products, 2017 - 2027 (USD Million)
  7. Competitive Landscape
    • Company Profiles
      • OSRAM GmbH GE Lighting (General Electric Company) 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Cree, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Sharp Corporation 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • LG Display Co., Ltd. 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Eaton (Cooper Industries PLC) 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Qlik Technologies, Inc. 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Oracle Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • SAMSUNG 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Luceco Ltd. 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse all the market data tables and figures on "Africa LED & OLED Displays and Lighting Products (CGM) Market - forecast to 2027”.

Frequently Asked Questions

The Africa LED & OLED displays and lighting products market is expected to account for US$ 1,275.8 Million, in terms of value and 63,189.1 thousand units in terms of volume in 2019.
Major players operating in the Africa LED & OLED displays and lighting products market include 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.
High cost associated with LED and OLED displays is one of the major factors that is expected to hamper growth of the market over the forecast period.
Growing proliferation of smartphones in emerging economies, owing to rampant development of telecommunications infrastructure is one of the major factors that is expected to propel growth of the market over the forecast period.
Nigeria is expected to hold a dominant position in 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.
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