Electroluminescent (EL) Panel Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

Electroluminescent (EL) Panel Market Overview

The Electroluminescent (EL) Panel Market is poised for significant growth from 2025 to 2030, driven by advancements in technology and increasing demand across various industries. EL panels, known for their thin, flexible, and energy-efficient lighting solutions, are widely used in applications such as medical devices, industrial equipment, automotive displays, and consumer products. The market is expected to grow at a compound annual growth rate (CAGR) of 5.8% during the forecast period, reaching a market size of approximately $1.2 billion by 2030.

Market Size and Growth

The global EL Panel market was valued at $850 million in 2025 and is projected to grow to $1.2 billion by 2030, reflecting a CAGR of 5.8%. This growth is attributed to the increasing adoption of EL panels in emerging applications such as wearable technology, smart home devices, and automotive interiors. The Asia-Pacific region is expected to dominate the market, accounting for 45%-50% of the global market share, followed by North America and Europe.

Market Share & Trends Analysis

By Product Type

The EL Panel market is segmented by product type into flexible EL panels and rigid EL panels. Flexible EL panels are expected to witness higher growth, with a CAGR of 6.5%, due to their versatility and ease of integration into curved surfaces. Rigid EL panels, on the other hand, are projected to grow at a CAGR of 4.7%.

By Key Players

The market is highly competitive, with key players such as GSI Technologies, Surelight, Super Optics, COCHIEF, YiYi Enterprise, and Guangzhou Huaxian leading the industry. These companies are focusing on innovation, product development, and strategic partnerships to strengthen their market position. GSI Technologies holds the largest market share at 18%-20%, followed by Surelight with 15%-17%.

By Process

The manufacturing process of EL panels involves screen printing, lamination, and encapsulation. Screen printing is the most widely used process, accounting for 60%-65% of the market share, due to its cost-effectiveness and scalability. Lamination and encapsulation processes are expected to grow at a CAGR of 5.2% and 5.5%, respectively.

By Application

EL panels are used across various applications, including medical, industrial, automotive, and consumer products. The medical sector is expected to grow at the highest CAGR of 7.2%, driven by the increasing use of EL panels in diagnostic equipment and wearable medical devices. The automotive sector is projected to grow at a CAGR of 6.0%, with EL panels being used in dashboard displays and interior lighting. Consumer products, including smartphones and wearable devices, are expected to grow at a CAGR of 5.9%.

By End-Use

The end-use segments for EL panels include healthcare, automotive, consumer electronics, and industrial sectors. The healthcare sector is expected to dominate the market, accounting for 30%-35% of the total market share. The consumer electronics sector is projected to grow at a CAGR of 6.3%, driven by the increasing demand for smart devices and wearables.

By Region

The Asia-Pacific region is expected to lead the EL Panel market, with a market share of 45%-50%, driven by rapid industrialization and the presence of key manufacturers in countries like China, Japan, and South Korea. North America and Europe are expected to grow at CAGRs of 5.5% and 5.0%, respectively, due to the increasing adoption of EL panels in automotive and healthcare applications.

Market News on Policy and Companies

Recent developments in the EL Panel market include new product launches, strategic partnerships, and regulatory changes. In 2025, GSI Technologies announced the launch of a new line of ultra-thin EL panels designed for wearable devices, which is expected to boost the company's market share. Surelight entered into a strategic partnership with a leading automotive manufacturer to supply EL panels for next-generation vehicle interiors. Additionally, regulatory changes in Europe and North America are promoting the use of energy-efficient lighting solutions, which is expected to drive the demand for EL panels in these regions.

Segment Forecasts, 2025 - 2030

The EL Panel market is expected to witness steady growth across all segments during the forecast period. The flexible EL panel segment is projected to grow at a CAGR of 6.5%, driven by increasing demand in consumer electronics and automotive applications. The medical sector is expected to grow at a CAGR of 7.2%, while the automotive sector is projected to grow at a CAGR of 6.0%. The Asia-Pacific region will continue to dominate the market, with a projected market share of 45%-50% by 2030.

Conclusion

The Electroluminescent (EL) Panel Market is set for robust growth from 2025 to 2030, driven by technological advancements and increasing demand across various industries. With a projected CAGR of 5.8%, the market is expected to reach $1.2 billion by 2030. Key players such as GSI Technologies, Surelight, and Super Optics are leading the market, focusing on innovation and strategic partnerships. The Asia-Pacific region will remain the largest market, while the medical and automotive sectors are expected to witness the highest growth rates. Regulatory changes and new product launches will further drive market expansion in the coming years.