Global Light Emitting Diodes (LED) Market worth USD 28.89 billion in 2016 and expected to reach USD 71.35 billion by 2021, at a CAGR of 19.8% from 2016 to 2021.
Our industry experts anticipate that within the LED market, the ultraviolet LED is expected to be the fastest growing technology segment, growing at a CAGR ranging from 30% to 35% during the forecast period. In addition, the mobile device is expected to be the fastest-growing application segment, growing at a CAGR ranging from 20% to 25%. Asia-Pacific, on the other hand, is expected to be the fastest-growing geographic segment, growing at a CAGR of more than 25% by 2021.
KEY BENEFITS OF THE REPORT:
In-depth analysis of the key factors are propelling the growth of the global market
Detailed analysis of the geographic region that will witness the strongest growth
Granular analysis of the current market scenario and the expected market grow
KEY PREMIUM INDUSTRY INSIGHTS:
The longer life cycle of LED devices, decreasing cost of LED lamps and LEDs, increase in demand of energy conservation and trending energy efficient lifestyle, increasing display and large screen backlighting market.
Unlike incandescent bulbs and other emitting devices LEDs does not scatter harmful gasses which affect nature and have a better life span and are nature-friendly, this is some major reasons for the growing market trend towards LEDs.
However, huge initial investment in LED installations is expected to hamper the growth of LED market.
As all the incandescent bulbs are being replaced by LEDs, an increase in demand for general lighting and high efficacy of LEDs is expected to provide the significant growth opportunities to the LED market.
MARKET SEGMENTATION:
This report analyzes the LED market by the following segments:
LED Market, by Technology
Basic LED
High brightness LED
Organic LED
Ultraviolet LED
Polymer LED
LED Market, by Applications
Automotive
General Lighting
Backlighting
Mobile Device
Signals and Signage
Others
KEY MARKET PLAYERS:
Key players in the LED market include:
Toyoda Gosei Co. Ltd.
American Bright,Inc.,
International Light Technologies Inc.
LEDtronics, Inc.
Lumileds Holding B.V.
Samsung, Seoul Semiconductors Co., Ltd.
OSRAM Licht AG,
Nichia Corporation
General Electric Company
