The European market for sold production of indicator panels using liquid crystal devices or LEDs is led by Germany (30.41%) and Italy (19.42%), with steady growth evident. Germany has shown a substantial year-on-year growth of 15.8%, and Poland grew by 17.74%, indicating strong sector expansion. Slovakia demonstrated a remarkable 43.54% increase, albeit from a smaller base. Other significant markets include the UK and France, showing modest growth, and Spain with a notable 10.79% increase. Conversely, Denmark and Estonia experienced declines, necessitating strategic pivots. Future growth will likely hinge on innovations in display technology and increased industrial applications.
Future trends to watch include:
- Increased adoption of OLED displays in consumer electronics driving demand.
- Growing industrial automation and smart home industries needing advanced indicator panels.
- Potential shifts in supply chains due to geopolitical tensions influencing production locations.
- Technological advancements reducing costs and expanding application possibilities.
Top countries in Sold Production of Indicator Panels with Liquid Crystal Devices or Light Emitting Diodes Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.41 | 2023 | +2.58% | +15.8% | View data |
| 2 | 2 Italy | 19.42 | 2023 | +7.27% | +7.69% | View data |
| 3 | 3 United Kingdom | 10.47 | 2023 | -1.27% | +0.61% | View data |
| 4 | 4 France | 7.9 | 2023 | +1.85% | +0.5% | View data |
| 5 | 5 Spain | 7.66 | 2023 | +15.27% | +10.79% | View data |
| 6 | 6 Poland | 5 | 2023 | +3.73% | +17.74% | View data |
| 7 | 7 Romania | 3.85 | 2023 | +7.47% | View data | |
| 8 | 8 Sweden | 3.66 | 2023 | +5.02% | +6.23% | View data |
| 9 | 9 Czechia | 3.09 | 2023 | |||
| 10 | 10 Finland | 2.98 | 2023 | +2.02% | +1.93% | View data |
