Light Guide Plate (LGP) Market, Global Outlook and Forecast 2023-2035
The global Light Guide Plate (LGP) market was valued at US$ 542.3 million in 2022 and is projected to reach US$ 665.4 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. The liquid crystal display panel can be divided according to the size of the area, which is suitable for different fields. For the large-size LCD panel market, the main application areas are concentrated in LCD TVs, notebook computers and LCD monitors. For the small and medium-sized LCD panel market, the main application areas are concentrated in mobile phones, MP5, digital cameras, digital video cameras, GPS, tablet computers and other products. The term light guide plate comes from the English translation of Light Guide Plate, which is produced as a supporting LCD panel. Liquid crystal displays require backlight modules to show their brightness due to their non-self-luminous characteristics. During the...