Press release
7 Reasons Why You Should Invest in Surface Mount PLCC LEDs Market? Major Players are: Toshiba Corporation, Broadcom, Schiefer Lighting BV, Luxpia Co., Ltd., KDG Electronic
Surface Mount PLCC LEDs are the illuminating light products that are encapsulated within silicon to enhance its tolerance for environmentally hostile applications. Surface-mounted LEDs are energy efficient, provide high reliability, and are durable.
Applications:
Surface Mount PLCC LEDs find varied applications such as for portable consumer electronics, LCD backlighting, indications, automotive interiors, small message panel signage, front panel, and others. They are used in various industrial verticals such as IT & software, consumer electronics, defense & military, medical and healthcare, automotive and others. Therefore, the advancement of technology is expected to spike the surface Mount PLCC LEDs market.
Key Players and Their Strategies:
The key players covered in the global surface mount industry are PLCC LEDs industry are Toshiba Corporation, Broadcom, Schiefer Lighting BV, Luxpia Co., Ltd., KDG Electronics Co.,Ltd., Conrad Electronic International GmbH & CoKG, Lumitron, Semmer Lighting Company, Bulbrite, MaxLite, Inc., and Norman Lamps.
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Key Market Growth Driving Factors:
1. The factors including increase in use of digitalization, advancement of technology toward miniaturization, and enhanced use of electronics in automotive drive the growth of the market.
2. The rapid digitalization of various industries round the globe which includes advanced lighting, use of digital indicators, and various other upgradation at workplace finds the use of these light efficient LEDs.
3. The growth in adoption of latest technologies such as IoT and AI fuels the use of portable remote devices where surface mount LEDs find wide application in terms of lighting.
4. In addition, the high energy efficiency and robust nature finds its perfect application with IoT and AI where the use of small portable and durable device is maximum.
5. Moreover, the past few decades has witnessed drastic advancement of automotive in terms of car interior and exterior dynamics, which uses surface mount PLCC LEDs. Therefore, the surface mount PLCC LEDs market is expected to experience growth during the projected period.
6. Furthermore, the requirement of SMD with the next generation vehicles and also, the construction of smart ambience at various domestic, industrial and commercial sites. This opens several avenues for the surface mount PLCC LEDs market growth globally.
7. Furthermore, SMD PLCC LEDs are developed with wide view angle and uniform light pattern, in addition, the advancement has led to the better color mixture when multiple colors are activated.
8. However, surface mount PLCC LED provide low brightness than DIPs and are not suitable for lamp heat dissipation, which act as a major restraint for the global surface mount PLCC LEDs market growth.
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Market Segmentation:
The surface Mount PLCC LEDs market is segmented on the basis of application, industrial vertical, and region.
Based on application, it is divided into LCD backlighting, indications, automotive interiors, small message panel signage, front panel, and others. Based on industrial vertical, it is classified into communication, media & entertainment, healthcare, aerospace & defense, consumer electronics, and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits for Stakeholders
o This study includes the analytical depiction of the global surface mount PLCC LEDs market share along with the current trends and future estimations to determine the imminent investment pockets.
o The report presents information regarding the key drivers, restraints, and opportunities.
o The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
o Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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