Global LGP Light Guide Plate Market Research Report 2023(Status and Outlook)

Global LGP Light Guide Plate Market Research Report 2023(Status and Outlook)

Report Overview

LGP (Light Guide Plate) in TVs is a transparent acrylic panel made from pure PMMA resin, on whose bottom face a dot matrix is printed or a line matrix is scratched. The light source is installed on its edge(s). It distributes the light coming from the light source evenly over the whole upper face of the acrylic panel.

Light guide plate is a key component of any backlit display. In this report, we focus on the investigation of light guide plates used in the TV industry. It should be noted that 1 MT LGP products contains about 200 pieces of plates while the plate size is around 1200*1200*3 mm.

Global LGP (Light Guide Plate) key players include Chi Mei, Mitsubishi Rayon, Darwin, S-Polytech, Fengsheng, etc. Global top five manufacturers hold a share over 60%.

China Taiwan is the largest market, with a share over 35%, followed by China and Japan, both have a share about 45%.

In terms of product, Printed LGP is the largest segment, with a share over 55%. And in terms of application, the largest application is 30-50 Inch TV, followed by 50-80 Inch TV, etc.

The Global LGP Light Guide Plate Market Size was estimated at USD 514.00 million in 2022 and is projected to reach USD 566.54 million by 2029, exhibiting a CAGR of 1.40% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global LGP Light Guide Plate market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global LGP Light Guide Plate Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the LGP Light Guide Plate market in any manner.

Global LGP Light Guide Plate Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Mitsubishi Rayon

Chi Mei

Darwin

Fengsheng

Sumitomo

Asahi Kasei

Kuraray

Seronics

S-Polytech

GLT

Entire

KOLON

Market Segmentation (by Type)

Printed LGP

Non-Printed LGP

Market Segmentation (by Application)

Commercial

Residential

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the LGP Light Guide Plate Market

Overview of the regional outlook of the LGP Light Guide Plate Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors