Africa LED & OLED Displays and Lighting Products Market Trends, Leading Players, Industry Segments and Regional Forecast by 2026

According to a recent market report published by Future Market Insights titled, “LED & OLED Displays and Lighting Products Market: Africa Industry Analysis and Opportunity Assessment, 2016–2026,” the Africa LED & OLED displays and lighting products market was valued at US$ 684.9 Mn in 2015 and is expected to register a CAGR of 17.8% from 2016 to 2026.

The market for lighting goods in Africa is expanding, say experts at Future Market Insights, thanks to growing government backing and the launch of new government programmes for LED lighting. The development of the IFC and World Bank’s “Lighting Africa” project is a major factor in the region’s expanding market for lighting supplies. Africa’s market for LED and OLED displays is expanding as a result of factors including rising smartphone subscription rates and consumer spending on television services.

Displays and lighting goods are the two categories used to classify the market for LED and OLED products in Africa. The market is further divided into mobile displays, consumer TV displays, and outdoor LED displays based on display types. The Africa market is divided into sections based on product type and uses for lighting goods.

The market is further divided into LED bulbs, bare LED tubes, LED fixtures, and solar LED lighting based on the kind of product. Street lighting, down lighting, garden lighting, ceiling lighting, ornamental and portable lighting, and other types of lighting are some of the applications that the industry is divided into.

Market highlights

• The consumer TV displays sub-segment had a value of US$ 130.2 million in 2015 and is projected to grow at a CAGR of 18.8% from 2016 to 2021. During the projected period, the introduction of off-grid solar-powered television for rural African regions is anticipated to propel market expansion.

• In 2015, the sub-segment of LED bulbs had the largest market share and was valued at US$ 193.9 Mn. However, it is anticipated that the solar LED lighting sub-segment would grow at a robust CAGR of 28.6% over the projection period.

• The street lighting application held the largest market share among the applications in 2015, taking up 37.6 percent of the African lighting products market.

Regional insights

This report offers analysis and insights into the potential of the African LED and OLED displays and lighting products market as well as trends driving each segment. Some important countries covered in this report include Nigeria, Ethiopia, Egypt, Congo, South Africa, Tanzania, Kenya, Algeria, Sudan, Morocco, Niger, Tunisia, and Gabon. Nigeria held the greatest market share among these nations in 2015. This is due to the country’s developing telecoms infrastructure and improving internet governance, both of which are contributing to a rise in smartphone use.

Vendor highlights

Key players in the Africa LED and OLED displays and lighting products market include Cree Corporation, Samsung Electronics Limited, GE Lighting, LLC, Sharp Corporation, OSRAM Licht AG, Daktronics Inc., Eaton Corporation, LG Display Co., Ltd., Barco N.V., Luceco Ltd., LED Lighting SA and Eagle Lighting.

Market Segmentation

By LED and OLED Displays

• Mobile Displays
• Consumer TV Displays
• Outdoor LED Displays

By Lighting Products

• By product type
• By application

Countries Covered

• Nigeria
• Ethiopia
• Egypt
• Democratic Republic of Congo
• South Africa
• Tanzania
• Kenya

To know more:

LED & OLED Display and Lighting Product Market Analysis & Forecast (futuremarketinsights.com)