Future Market Insights (FMI) delivers key insights on the Middle East LED & OLED lighting products and displays in its latest report titled, “LED & OLED Lighting Products and Displays Market: Middle East Industry Analysis and Opportunity Assessment 2015-2025”. Middle East LED & OLED lighting products and displays market is projected to register a healthy CAGR of 14.3% and 4.9% respectively in terms of value during the forecast period (2015–2025). This is mainly attributed to various factors, regarding which FMI offers detailed insights in its report.
The Middle East LED & OLED lighting products market has been divided into solar and conventional segments based on product type. In 2014, the solar segment held a 6.5 percent market value share and is predicted to grow at a CAGR of 17.8 percent during the forecast period. The Middle East LED and OLED display market is divided into three categories: mobile displays, consumer TV displays, and outdoor LED displays. In 2014, the mobile displays market had a 15.4 percent value share and is predicted to grow at a CAGR of 7.8% during the forecast period.
In terms of value, however, the consumer TV sector is expected to be dominated by 2025, with a market share of 75.7 percent, compared to 20.7 percent for mobile displays.
The Middle East LED and OLED lighting products market is divided into two segments based on end-use: residential and commercial. The commercial segment had a value share of 67.1 percent in 2014, but this is expected to drop to 65.2 percent by 2025. The residential sector of the Middle East LED & OLED lighting products market is expected to grow at the fastest rate of 14.8 percent over the forecast period.
Outdoor LED displays are further divided in the Middle East LED and OLED displays market by product type and color display. The outdoor LED display sector is further divided into LED billboards, LED mobile panels, LED video walls, and LED traffic light displays based on product type.
GE Lighting, LLC, OSRAM Licht AG, Daktronics Inc., and Samsung Electronics Co. Ltd. are among the key competitors in the Middle East LED & OLED lighting products and displays industry. To achieve sustainability, major participants are focused on R&D efforts to develop new and environmentally friendly goods. To improve their product offering, these main businesses are also working on growth and strategic acquisitions.