From 2014 to 2023, the European export volume of Indicator Panels Incorporating Light Emitting Diodes (LED) has shown fluctuating trends. After a substantial rise in 2015 (67.68%), the market experienced moderate to significant changes, peaking in 2020 (11.103 million kilograms, +143.62%). In recent years, the growth resumed in 2023, reaching 7.7717 million kilograms (+18.83%), with a 5-year CAGR of 14.56%.
Looking forward, forecast data from 2024 to 2028 indicate a stable growth pattern with minor incremental increases, showing a forecasted 5-year CAGR of 0.8% and an overall 5-year growth rate of 4.04%.
Future trends to watch for:
- Technological advancements in LED efficiency and applications
- Regulatory changes impacting export policies
- Shifts in global demand influenced by sustainable and smart technologies
