Africa LED & OLED Displays and Lighting Products Market Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

 

Africa LED & OLED Displays and Lighting Products Market
Africa LED & OLED Displays and Lighting Products Market 

One of the lighting technologies that is now most energy-efficient and advancing quickly is the light-emitting diode (LED). When compared to traditional lighting technologies, LEDs are more cost-effective, smaller, and have a longer operating life. LED lighting products are becoming the more affordable option for both indoor and outdoor applications as their prices are consistently falling.

During the projected period, the Africa LED & OLED Displays and Lighting Products Market is anticipated to rise due to the increasing use of smartphones in emerging economies and the rapid development of telecommunications infrastructure. Many African nations are implementing "internet governance," including South Africa, Nigeria, Egypt, Senegal, Kenya, Ghana, and Tanzania. Additionally, the quick switch of mobile phone users to smartphones, which are readily available and inexpensive, is anticipated to drive the market's expansion in the near term.

For instance, GSMA Intelligence estimates that Sub-Saharan Africa currently has 160 million smartphone users and will have 450 million by the year 2020. This is a result of the quick transition to mobile broadband networks.

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