Market Overview A light-emitting diode (LED) is a semiconductor device which when induced with electric current, emits light. This light is produced when particles carrying the current combine together within the semiconductor material. LED can produce various color ranges including white, purple, red, yellow, etc. Furthermore, an OLED i.e. organic light-emitting diode uses electroluminescent organic material between two conductors when it is induced with electric current, emits light. On the contrary, AMOLED or active-matrix organic light-emitting diode is a thin-film-display technology, in which organic compounds from the electroluminescent material with active matrix technology. 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 in terms of thousand units in 2019. Market Dynamics- Drivers Growing support and proactive initiatives taken by the government in several African countries to support and introduce LED lighting projects is expected to drive growth of the Africa LED & OLED displays and lighting products market. Moreover, the governments are offering income tax exemptions for LED products, which in turn, is expected to drive the market growth in the near future. For instance, in September 2015, the Kenya government launched a US$ 1.2 billion project to deploy LED street lights in Mombasa City, Kenya. Market Opportunities In the recent past, demand for film and light displays have increased in the recent past that can offer mobility as well as durability. This has led to introduction of flexible displays that can be bent or folded. For instance, in 2014, Sharp launched a free-form display device that can be used to modify LCDs into any shape required. Market Dynamics- Restraints Emergence of substandard lighting devices with low lifespan coupled with lack of clarity regarding modern lighting solutions such as it is being more expensive than fuel-based lighting, is expected to restrain growth of the Africa LED & OLED displays and lighting products market during the forecast period. Market Trends
Competitive Section Key players involved 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 and Strategy
Segmentation Market Taxonomy: LED & OLED Display Products
LED Lighting Products
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