Ingenious e-brain forecasts the global LED display encapsulant market size, which is likely to grow with a CAGR of ~10% from 2022-to 2027. Major growth drivers are the growth of LED displays in electronic appliances, Long-term reliability, and cost-effective materials in an LED display. In OLED display, major growth drivers are inkjet printing used for thin-film encapsulation (TFE) deposition of OLED displays. In micro-LED display, energy-efficient, and brilliant display panels, contrast is the major driving factor of the market. However, technology immaturity, cost barriers & incompletion in the supply chain are the major hurdles that pull the market towards the downside.
The objective of the report is to understand the technology landscape and market estimation & forecasting of LED encapsulant, along with the value chain, start-up ecosystem, and competitive landscape.
The technology landscape covers the evolution of technology, technology comparison, technology benchmarking, technology adoption, and major use cases.
The encapsulation process is one of the important aspects of LED manufacturing. For reasonable encapsulation, the design should provide proper electrical connection, mechanical protection, effective heat dissipation channels, and high-efficiency and high-quality light output for LEDs and μ-LEDs. The emergence of quantum dot (QD) materials is expected to fill this gap due to their remarkable photoluminescence, narrow bandwidth emission, color tuneability, high quantum yield, and nanoscale size, providing a powerful full-color solution for μ-LED displays.
The Silicone related encapsulated materials are mostly used as an encapsulant for traditional LED and MicroLEDs and are likely to focus more on display & VR/AR applications, and Quantum Dot technology is emerging technology likely to address the display brightness and color gamut challenges of the display Industry.
The scope of the market research includes defining, describing, and forecasting the LED display encapsulant of LEDs displays market size based on LED display type, materials, and region.
The Asia Pacific region is likely to have maximum growth for the forecast period due to growing demand for energy-saving consumer electronics and government initiatives to promote energy-saving products.
The silicone-based encapsulant is likely to hold the largest market share due to its advanced and better properties, such as high-temperature resistance, flexibility, and electrical insulation.