Press release
Asia Pacific LED Market Analysis 2020-2030: Key Growth Strategies, Drivers, Opportunities, Key Segment, Porter’s Five Forces Analysis, and Competitive Landscape- Samsung Electronics Co. Ltd., Cree Incorporation, Seoul Semiconductors Co. Ltd., and OSRAM
Asia Pacific Light Emitting Diodes (LED) Market
The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.
This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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1. key growth strategies by Top Companies:
The prominent companies profiled in this report include, Samsung Electronics Co. Ltd., Cree Incorporation, Seoul Semiconductors Co. Ltd., OSRAM Licht, AG, Nichia Corporation, LG Innotek Co. Ltd., GE Lighting Solutions, Toyoda Gosei Co. Ltd., Philips Lumileds Lighting Company and Panasonic Corporation
Numerous companies have focused on innovative product development to cater to the growing needs of the industry. Market players have adopted product launch, partnership, and acquisitions as their key strategies to enhance their product portfolio and magnify their consumer base.
2. Growth Drivers of this market
Drivers
a. Growing display and large screen backlighting market
b. Increasing green construction
c. Longer life span
d. Dimmability
e. Falling cost of LED lamps
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3. Growth Restraints of this market
High initial cost
4. Opportunities for companies in this market:
a. High efficacy LED
b. Growing demand in general lighting
5. Porter’s Five Forces analysis
a. Lower threat of new entrants
b. Lower threat of substitutes
c. Higher bargaining power of supplier
d. Moderate bargaining power of buyers
e. Higher industry rivalry
Key Benefits for Companies from this research report:
• Current and future trends adopted by the key market players are highlighted to determine overall competitiveness of the market
• Porters Five Forces analysis and SWOT analysis of the key market players are provided to illustrate the business strategies adopted by buyers and suppliers
• The technology-effective drivers and opportunities are highlighted to describe the top factors responsible for the market growth
• Various operating segments of the APAC LED market are carefully analyzed to measure the potential of the market
• The quantitative analysis of the market through 2020-2030 is provided to elaborate the market potential
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Market Revenue Projections:
Allied Market Research, forecasts that the Asia-Pacific market is expected to garner $35.8 billion by 2020, registering a CAGR of 15.7%.
China leads the Asia-Pacific LED market, owing to supportive government initiative & policies and growing demand for LED from diverse industry verticals. However, India is expected to witness the fastest growth during the forecast period.
The LED market in APAC region is growing at a fast pace owing to the increasing usage of LEDs in different application sectors such as general lighting, automobiles, and mobile phones backlighting among others.
Based on application, mobile devices, general lighting and automotive are the three most prominent segments where LED technology is implemented. Mobile devices segment being the largest of the three, accounted for about 27% of the total LED market revenue in 2014. Major mobile companies such as Samsung use Organic LEDs (O-LED) in mobile phones that contribute to the growth of the LED market.
The different technologies covered in the report include basic LED, High Brightness LED, Organic LED, Ultra Violet LED and Polymer LED. High brightness LED segment is the key revenue contributor, accounting for over 60% of the market throughout the analysis period.
Press Release at: https://thefinancialbroker.com/light-emitting-diodes-led-market-mobile-devices-segment-dominates-the-asia-pacific-led-industry/
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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