Press release
High Brightness LED Market 2019 Comprehensive Study Explores Huge Growth in Future with Leading Key Players - American Bright Optoelectronics, Cree, Philips Lumileds, Moritex, Samsung Electronics, Osram Opto Semiconductor, Epistar, Nichia, Toyoda Gosei, S
High Brightness LED
“High Brightness LED Market 2019” report gives distinctive insights worldwide market competition for High Brightness LED. Focusing on objectives of this report is to categorize dynamics of the market and to supply latest updates like mergers and acquisitions, numerous technological developments, new entrants within the market, that create an impression on totally different segments of the High Brightness LED market.
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About the High Brightness LED Market:
The global high brightness (HB) LED market value is anticipated to reach USD 29.44 billion in 2025 owing to growing number of LED applications in various sectors such as automobile, consumer electronics, manufacturing, advertising and others. Additionally, technological advancements in LED technology have led to a substantial decrease in the costs which, in turn will have a positive impact on the overall high brightness (HB) LED market.
Top Key Players of High Brightness LED market
American Bright Optoelectronics, Cree, Philips Lumileds, Moritex, Samsung Electronics, Osram Opto Semiconductor, Epistar, Nichia, Toyoda Gosei, Seoul semiconductor
Scope of the Report (Overlook 2019-2025):
The global high brightness (HB) LED market is further bifurcated on the basis of its application into: automotive, general lighting, consumer electronics and signals & signage market segments. Among these, the general lighting segment is expected to grow with the highest CAGR of 8.1% in the forecast period of 2018 to 2025. Growing demand of HB-LED for general lighting purposes such as in the malls, households, and hospitals will propel the growth of general lighting segment within the high brightness (HB) LED market. However, in 2017, consumer electronics had the highest market share and is expected to dominate the high brightness (HB) LED market in the forecast period owing to its vast applications in smartphones, tablets, television and other consumer electronic devices.
Increasing demand of HB-LEDs in construction sites and manufacturing industries coupled with growing concerns of energy conservation among the governments of various countries will collectively drive the global high brightness (HB) LED market in the coming years.
High brightness (HB) LEDs are power & cost efficient, robust and have more lifespan than other lighting types. They save up to 50% to 70% of energy over traditional technologies and have almost negligible maintenance costs thus, driving the interests of many industries especially, heat sensitive applications such as food illumination and textile.
Asia-Pacific region dominated the market in 2017 and will continue to do so in the forecast period owing to the large LED production in the countries of China, Japan and South Korea coupled with large consumer base in the region. North America region is anticipated to grow with the highest growth rate in the forecast period due to growing awareness of energy conservation among the consumers and government initiatives with regard to the usage of LEDs. Europe region is also witnessing a boom in demand for LED owing to the government initiatives and increasing usage of ultra-modern lighting in various industries, hence, driving the global high brightness (HB) LED market.
Key segments of the global high brightness (HB) LED market
Application Overview, 2015-2025 (USD million)
• Automotive
• General Lighting
• Consumer Electronics
• Signals and Signage
Regional Overview, 2015-2025 (USD million)
• North America
• Europe
• Asia Pacific
• Latin America & Middle-East Africa (LAMEA)
Table of Contents
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Global High Brightness (HB) LED Market Overview, by Application
5. Global High Brightness (HB) LED Market Overview, by Region
6. Company Profiles
What does the report include?
• The study on the global high brightness (HB) LED market includes qualitative factors such as drivers, restraints, opportunities and value chain analysis.
• The study covers qualitative and quantitative analysis of the market segmented on the basis of application and region. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments
• The study includes the profiles of key players in the market with a significant global and/or regional presence
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About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
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Adroit Market Research
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