Press release
LED Chips Market 2020 Growth, Opportunity and Industry Forecast 2026
The LED Chips Market report is a collection of useful information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
According to the study, the global LED Chips market size was 38.8 billion US$ and it is expected to reach nearly 58.8 billion US$ by the end of 2026, with a CAGR of around 17.5% during 2020-2026.
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The prominent players in the global LED Chips market are:
Nichia, Philips Lumileds, Cree, Toyoda Gosei, OSRAM, Epistar, Tyntek, Genesis Photonics, Lextar, Formosa Epitaxy, OPTO-TECH, Seoul Semiconductor, Samsung, LG Innotek, San'an Opto, Changelight, Aucksun, ETI, Lattice Power, Tong Fang, HC SemiTek, etc. and others, request free sample for complete list of companies.
Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in the last five years are identified. The trends and strategies section highlights the likely future developments in the market and suggests approaches.
Summary
-The other primary factor driving the market is the rise of LED niche lighting in the fields of fishing lighting, healthcare lighting, marine, horticulture lighting, and harbor lighting. For -instance, in 2017, the demand for horticultural LED lighting increased, particularly in China.
-With technological changes and advanced R&D, the cost of manufacturing LED also decreased, which significantly reduced the average selling price (ASP) of LEDs, making them a preferred choice among consumers.
-In the consumer electronics industry, particularly in TV display applications, there has been a drastic shift in the usage of LED to OLED (Organic Light-emitting Diode), and it is further expected to penetrate into the market. Such trends may hinder the volume growth of the LED market and the LED chip market.
News and updates
June 21, 2016: Samsung Introduces New Line-up of LED Components for Automotive Lighting, Featuring Chip-Scale Packaging
September 19, 2017: Samsung Introduces Highly Advanced, Enhanced Chip-Scale LED Packages for Spotlights and High-Bay Applications
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Market segment by Types, Applications and regions
Market segment by Types
Lateral Chip LED
Vertical Chip LED
Flip Chip LED
Market segment by Application
Automotive
Backlight Sources
Display Screen
Signage
General Lighting
Other
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
Research objectives of the global LED Chips market
To study and analyze the global LED Chips market size by key regions/countries, type and application, history data from 2015 to 2019, and forecast to 2025.
To understand the structure of LED Chips market by identifying its various subsegments.
Focuses on the key global LED Chips players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the LED Chips with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of LED Chips submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Browse Related Reports:
Mini LED Chips Market
https://www.marketinsightsreports.com/reports/02081825424/global-mini-led-chips-market-research-report-2020?source=OpenPr&Mode=31
Ethernet Switch Chips Market
https://www.marketinsightsreports.com/reports/0724720610/global-ethernet-switch-chips-market-by-manufacturers-regions-type-and-application-forecast-to-2023?source=OpenPr&Mode=31
References/ Sources:
- https://news.samsung.com/global/samsung-introduces-new-line-up-of-led-components-for-automotive-lighting-featuring-chip-scale-packaging
- https://news.samsung.com/global/samsung-introduces-highly-advanced-enhanced-chip-scale-led-packages-for-spotlights-and-high-bay-applications
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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