Light Enhancement Film Market By Type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rising adoption of smartphones and display control panels
3.4.1.2. Growing demand from electronics industry

3.4.2. Restraints
3.4.2.1. High Cost associated with light enhancement film

3.4.3. Opportunities
3.4.3.1. Growing research and development activities associated with light enhancement film

3.5. COVID-19 Impact Analysis on the market
3.6. Value Chain Analysis
3.7. Patent Landscape

CHAPTER 4: LIGHT ENHANCEMENT FILM MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Normal Prism
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Multi-Functional Prism
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Micro-Lens Film Prism
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5. Reflective Polarizer Prism
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country

CHAPTER 5: LIGHT ENHANCEMENT FILM MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2. Smartphones
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Personal Computers
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Tablets
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5. Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country

CHAPTER 6: LIGHT ENHANCEMENT FILM MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Type
6.2.4.1.3 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Type
6.2.4.2.3 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Type
6.2.4.3.3 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Type
6.3.4.1.3 Market size and forecast, by Application
6.3.4.2 UK
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Type
6.3.4.2.3 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Type
6.3.4.3.3 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Type
6.3.4.4.3 Market size and forecast, by Application
6.3.4.5 Italy
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Type
6.3.4.5.3 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Type
6.3.4.6.3 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Type
6.4.4.1.3 Market size and forecast, by Application
6.4.4.2 India
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Type
6.4.4.2.3 Market size and forecast, by Application
6.4.4.3 Japan
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Type
6.4.4.3.3 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Type
6.4.4.4.3 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Type
6.4.4.5.3 Market size and forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Type
6.4.4.6.3 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Type
6.5.4.1.3 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Type
6.5.4.2.3 Market size and forecast, by Application
6.5.4.3 South Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Type
6.5.4.3.3 Market size and forecast, by Application
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Key market trends, growth factors and opportunities
6.5.4.4.2 Market size and forecast, by Type
6.5.4.4.3 Market size and forecast, by Application

CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021

CHAPTER 8: COMPANY PROFILES
8.1 Riverdi Sp. z o. o.
8.1.1 Company overview
8.1.2 Key Executives
8.1.3 Company snapshot
8.1.4 Operating business segments
8.1.5 Product portfolio
8.1.6 Business performance
8.1.7 Key strategic moves and developments
8.2 Luminit, LLC.
8.2.1 Company overview
8.2.2 Key Executives
8.2.3 Company snapshot
8.2.4 Operating business segments
8.2.5 Product portfolio
8.2.6 Business performance
8.2.7 Key strategic moves and developments
8.3 Fusion Optix
8.3.1 Company overview
8.3.2 Key Executives
8.3.3 Company snapshot
8.3.4 Operating business segments
8.3.5 Product portfolio
8.3.6 Business performance
8.3.7 Key strategic moves and developments
8.4 Mitsubishi Chemical Corporation
8.4.1 Company overview
8.4.2 Key Executives
8.4.3 Company snapshot
8.4.4 Operating business segments
8.4.5 Product portfolio
8.4.6 Business performance
8.4.7 Key strategic moves and developments
8.5 Boyd
8.5.1 Company overview
8.5.2 Key Executives
8.5.3 Company snapshot
8.5.4 Operating business segments
8.5.5 Product portfolio
8.5.6 Business performance
8.5.7 Key strategic moves and developments
8.6 Rina Technology Co.,Ltd.
8.6.1 Company overview
8.6.2 Key Executives
8.6.3 Company snapshot
8.6.4 Operating business segments
8.6.5 Product portfolio
8.6.6 Business performance
8.6.7 Key strategic moves and developments
8.7 Kessler Optics and Photonics Solutions
8.7.1 Company overview
8.7.2 Key Executives
8.7.3 Company snapshot
8.7.4 Operating business segments
8.7.5 Product portfolio
8.7.6 Business performance
8.7.7 Key strategic moves and developments
8.8 Yongtek
8.8.1 Company overview
8.8.2 Key Executives
8.8.3 Company snapshot
8.8.4 Operating business segments
8.8.5 Product portfolio
8.8.6 Business performance
8.8.7 Key strategic moves and developments
8.9 NITTO DENKO CORPORATION
8.9.1 Company overview
8.9.2 Key Executives
8.9.3 Company snapshot
8.9.4 Operating business segments
8.9.5 Product portfolio
8.9.6 Business performance
8.9.7 Key strategic moves and developments
8.10 3M
8.10.1 Company overview
8.10.2 Key Executives
8.10.3 Company snapshot
8.10.4 Operating business segments
8.10.5 Product portfolio
8.10.6 Business performance
8.10.7 Key strategic moves and developments

Executive Summary

The light enhancement film market size was valued at $178.1 million in 2021, and is estimated to reach $371.1 million by 2031, growing at a CAGR of 7.7% from 2022 to 2031.

Light enhancement film is also in high demand due to strong adoption by sponsors in entertainment shows, sports events, and exhibits. The preference for LED display advertising over paper or poster-based advertising fuels the growth of the outdoor LED display market. Many organizations are utilizing modern technologies such as augmented reality, artificial intelligence, machine learning, and big data to improve client engagement in situations where light augmentation is applied. Customers may virtually try on clothes at retail outlets using interactive displays.

Enhancement of outdoor lighting LED screens are specifically designed to deliver information in an appealing visual format even under harsh environmental circumstances such as excessive heat, dust, and rain. Increased outdoor events, including sporting events, music concerts, product launches, and brand endorsements, where displays are required and employed in the field of smartphones, TVs, and other devices, drive market expansion.

LED lights are impacting light enhancement film trades to increase profit margins and deliver greater efficacy to commercial transactions with strong demand for LED lighting. LED lights offer a wide range of applications in the home, business, industrial, shop/store, hospitality, outdoor, and architectural fields. Furthermore, due to advantages such as high energy efficiency, long life span, durability & flexibility, and environmentally friendly features, LED lights have been widely used in government offices, hospitals, stadiums, malls, educational institutes, airports, railways, theatres, and a variety of other settings. Light enhancement film products are also utilized in industrial lighting, where they are more energy efficient for manufacturing facilities, resulting in their size. Industrial lighting may be used in a variety of settings, including factory floors, production floors, cold storage, outdoor areas, offices, task lighting, racks, and loading docks.

Key factors driving the growth of the light enhancement film market include surge in adoption of smartphones and display control panels. The increased usage of energy sources is causing an increase in energy dissipation and carbon emissions, which is projected to boost demand for energy-efficient lighting solutions, pushing the expansion of light enhancement films. Streetlighting and lights in commercial and industrial buildings both require a significant amount of energy. As a result, energy-efficient lighting solutions would be critical in commercial venues such as workplaces, retail malls, educational institutions, and hotels, where even a 1-2% increase/decrease might result in annual profit/loss of millions of dollars. As a result, smart lighting control technologies are being used to save power costs.

According to Korea Industry Post, the smartphone display market is predicted to expand marginally to 1,462 million (a 3% year on year growth) in 2023. Total TFT LCD shipping levels are predicted to be 816 million (down 2% YoY) and total LTPS-AMOLED to be 460 million (up 4% YoY), with only LTPO-AMOLED expected to expand by 186 million (up 25% YoY). As a result, growing R&D activities associated with light enhancement film are expected to provide sufficient development prospects for the light enhancement film market in the future years.

The light enhancement film market is segmented into type, application, and region. On the basis of type, the market is categorized into normal prism, multi-functional prism, micro-lens film prism and reflective polarizer prism. Multi-functional prism segment is the fastest growing segment with the highest CAGR. Multi-functional prism is a higher-level product that works in conjunction with prism sheets and diffusion films. It is used in bottom-lit LED backlights to create color on computer and TV screens in the direction of incident light. LED backlighting is required to provide light and color from behind a device's screen. On the basis of application, market is categorized into smartphones, personal computers, tablets, and others. Region wise, the light enhancement film market share is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the study include 3M, Boyd, Fusion Optix, Kessler Optics and Photonics Solutions, Luminit, LLC., Mitsubishi Chemical Corporation, NITTO DENKO CORPORATION, Rina Technology Co.,Ltd., Riverdi Sp. z o.o., and Yongtek.

Key Market Insights

By type, the normal prism segment was the highest revenue contributor to the market, growing with a CAGR of 7.4%.

By application, the Others segment that includes LCD panel, TVs, Notebooks, and LED lighting systems have collectively accounted for the highest revenue in 2021, and expected to grow with a CAGR of 7.7% during the forecast period.

By region, Asia-Pacific dominated the market in 2021.

Companies Mentioned

• Riverdi Sp. Z O.O.
• Luminit, LLC.
• Fusion Optix
• Mitsubishi Chemical Corporation
• Boyd
• Rina Technology Co.,Ltd.
• Kessler Optics and Photonics Solutions
• Yongtek
• Nitto Denko Corporation
• 3M

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.