Dublin, April 23, 2020 (GLOBE NEWSWIRE) -- The "Light-emitting Diode (LED) - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Light-emitting Diode (LED) market accounted for $38.83 billion in 2018 and is expected to reach $163.23 billion by 2027 growing at a CAGR of 17.3% during the forecast period. Some of the key factors propelling the market growth include an increase in government focus on energy saving solutions, growth of smart lighting and high efficacy LED, increase in utility rebates, and growing display and large screen backlighting. However, the high initial cost is restraining market growth.
Light-emitting diodes (LED) are small, consume less energy, and are easy to maintain. They are commonly used as status indicators and displays on a lot of equipment. A few years ago, the application of LED was limited to certain specific lighting needs and had not entered the mainstream general lighting applications. Entrance of LED in applications such as general lighting has given a strong thrust to the market. LED is expected to take over the conventional CFL and CCFL lighting market due to advanced features. Moreover, it is a cost effective solution for all lighting as well as other application purposes such as backlighting in mobile devices and large screen displays, automotive lighting and many others.
By technology, organic LED is projected to witness significant growth, owing to high demand for cost effective and energy-saving OLED lighting, increasing government initiatives toward OLED adoption, and growth in display and large screen backlight. OLED is one of the most promising display and lighting technologies that have the capability of offering power efficiency lighting and is superior compared to the fluorescent tubes and incandescent bulbs. OLED technology helps the end user to create flexible display and lighting panels.
On the basis of geography, the APAC is expected to grow at a significant rate during the forecasted period, due to flourishing real estate industry, favourable government initiatives and increased funding for high efficiency lighting along with the continuous replacement of existing outdoor lighting. The Asia Pacific region would go on to become a principal consumer of LED products and should become a major supplier for LED chips and packages, supplemented with the rising demand for product and components.
Some of the key players in Light-emitting Diode (LED) Market include LG Innotek, Dialight plc, Cree, Inc., General Electric Company, Samsung Electronics, Nichia Corporation, OSRAM Licht AG, Moritex Corporation, Broadcom Inc., Cooper Industries, Lumileds Holding B.V., Lumens Co., Ltd., Seoul Semiconductor, Mercedes-Benz (Germany), everylight electronics.
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Product Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Light-emitting Diode (LED) Market, By Technology
5.1 Introduction
5.2 Ultra Violet LED
5.3 Basic LED
5.4 Polymer LED
5.5 High Brightness LED
5.6 Organic LED
6 Global Light-emitting Diode (LED) Market, By Product Type
6.1 Introduction
6.2 LED Fixtures
6.3 LED Lamps
7 Global Light-emitting Diode (LED) Market, By Device Configuration
7.1 Introduction
7.2 Surface-mounted LED
7.3 Pinned LED
7.4 Chip on Board LED
7.5 Directly-inserted LED Lamp Beads
8 Global Light-emitting Diode (LED) Market, By Application
8.1 Introduction
8.2 Signal & Signage
8.3 General Lighting
8.4 Automotive
8.5 Backlighting
8.6 Mobile Devices
8.7 LED Display Industry
8.8 Mobile Home Appliance
9 Global Light-emitting Diode (LED) Market, By End User
9.1 Introduction
9.2 Architectural
9.3 Commercial
9.4 Industrial
9.5 Residential
9.6 Outdoor
10 Global Light-emitting Diode (LED) Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 LG Innotek
12.2 Dialight plc
12.3 Cree, Inc.
12.4 General Electric Company
12.5 Samsung Electonics
12.6 Nichia Corporation
12.7 OSRAM Licht AG
12.8 Moritex Corporation
12.9 Broadcom Inc.
12.10 Cooper Industries
12.11 Lumileds Holding B.V.
12.12 Lumens Co., Ltd.
12.13 Seoul Semiconductor
12.14 Mercedes-Benz (Germany)
12.15 everylight electronics
For more information about this report visit https://www.researchandmarkets.com/r/q7zqlm
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