Posted on :Wednesday , 3rd November 2021
The African LED and OLED displays and lighting products market is anticipated to be worth US$ 1088.9 million. During the projected period, the growing prevalence of smartphones in emerging economies, owing to rapid development of telecommunications infrastructure, is expected to boost growth of the Africa LED & OLED displays and lighting products market.
Various countries in Africa such as South Africa, Nigeria, Egypt, Senegal, Kenya, Ghana, and Tanzania are adopting â€˜internet governanceâ€™. Moreover, mobile phone users are rapidly shifting towards smartphones, owing to cheap and easy availability, is expected to propel the market growth in the near future.
For instance, according to GSMA Intelligence, Sub-Saharan Africa had 160 million smartphone users and is expected to reach 450 million by 2020. This is owing to rapid shift to mobile broadband network.