Press release
High-Brightness LED Market is expected to be valued at US$ $29 billion by 2022 with CAGR at a 10% | Industry Analysis Report with Epistar Corp, Cree, Philips Lumileds, Moritex, Samsung Electronics, Seoul semiconductor, Nichia, and Toyoda Gosei
High-Brightness LED Market | Premium Market Insights
High-Brightness LED Market research report is an expert compiled study which provides a holistic view of the market covering current trends and future scope trend Comprehensive Study demand growth opportunities and outlook with segmentation by product/service type application geography / region and top industry companies.
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Companies Covered in this Report are:
Epistar Corp
Cree, Inc.
Philips Lumileds
Moritex Corporation
Samsung Electronics Co Ltd
Seoul semiconductor
Osram Opto Semiconductor
American Bright Optoelectronics Corps
Nichia Corporation
Toyoda Gosei
world HB-LED market would reach $29 billion by 2022 from $15 billion in 2015; growing at a CAGR of 10% from 2016 to 2022. High-brightness LEDs (HB-LEDs) are semiconductor-based advanced LEDs with higher luminosity. It is a cost effective solution for all lighting as well as other application purposes such as backlighting in large screen displays, non-backlight displays (OLED), and others. Hence, HB-LED is expected to take over the conventional lights, CFL and CCFL lighting market due to advanced features. In addition, these are popularly utilized in sign & signals, TVs, and mobiles as they are available in various sizes and can be mounted in any circuit.
HB-LED is rapidly gaining significance in mobile electronics owing to its benefits such as longer life span, dimmability, and reduced cost of LED components. Moreover, there is a swift rise in display and large screen backlighting market, which further drives the market growth. However, high initial cost and excessive usage of HB-LED in high temperatures may cause breakdown, as its performance is highly dependent on ambient temperature. Moreover, rise in regulatory concerns regarding energy-saving and increasing green construction are expected to provide ample opportunities for growth.
The HB-LED market is segmented based on application and geography. The application segment is categorized into automotive application, general lighting, backlighting, mobile, signals & signage, and others. Based on geography, the HB-LED market is studied across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
POTENTIAL BENEFITS FOR STAKEHOLDERS
Comprehensive analysis of the current trends and future estimations in the global HB-LED market are discussed.
The report provides a competitive scenario of the market with growth trends, structure, driving factors, scope, opportunities, and challenges.
A detailed analysis of the key segments provide insights on the market dynamics.
Porter's Five Forces analysis highlights the potential of buyers and suppliers and threat of substitutes and new entrants, elucidating the competitive structure of the market.
Value chain analysis provides key inputs on the role of stakeholders involved at various stages.
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MARKET SEGMENTATION
The global HB-LED market is segmented by application and geography.
BY APPLICATION
Automotive Application
General Lighting
Backlighting
Mobile
Signals and Signage
Others
BY GEOGRAPHY
North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Taiwan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Other players in the value chain include (profiles not included in the report):
Eaton Corporation
Everlight Electronics Co., Ltd.
Intematix Corporation
GE Lighting Solutions
LG Innotek Co Ltd
Broadcom Ltd.
Kingbright Electronic Co, Ltd
International Light Technologies
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