Press release
High Power LED Market Latest Trends, Advancement and Demands 2020
The high power led market is expected to register a CAGR of over 4% over the forecast period (2020 - 2025).
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Key Market Players:
OSRAM Opto Semiconductors GmbH, Lumileds Holding B.V., Broadcom Inc., Samsung Electronics Co Ltd, Cree Inc., LG Innotek Co. Ltd., Everlight Electronics Co. Ltd., Koninklijke Philips N.V., Seoul Semiconductor Co. Ltd., Moritex Corporation, Plessey Semiconductors Ltd. and Other
The leading players of the High Power LED industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among High Power LED players will help the industry aspirants in planning their strategies. The statistics offered in this report will be a precise and useful guide to shape the business growth.
Industry News:
March 11, 2020: Samsung Electronics, a world leader in advanced digital component solutions, today unveiled its first “human-centric” LED packages, collectively known as LM302N. Engineered with carefully created light spectra, the LM302N family helps human bodies adjust melatonin levels indoors, making people feel more energetic or relaxed depending on their daily life patterns.
“The benefits of using Samsung’s LM302N reach beyond the basic lighting function of visual recognition, by improving the non-visual biological effects of lighting on people,” said Un Soo Kim, senior vice president of LED Business Team at Samsung Electronics. “Our LED solutions are ushering in a whole new human-oriented approach of using artificial lighting to enhance productivity and relaxation, benefitting modern-day indoor lifestyles.”
Scope of the Report
High power LEDs are increasingly used for lighting applications. High power LEDs are one type of LED that has higher power and brightness and is more costly compared to the small power LED. High power LEDs currently are widely applied in automobile lights, general lighting, lighting fixtures, etc.
Key Market Trends
Increasing Adoption of High Power LED in Automotive Lighting Boosting the Market's Growth
- With the introduction of high power LEDs, there has been considerable innovation in the automotive lighting industry. LEDs have the advantage of being much brighter and smaller than traditional lamps.
- The growing demand for high power LED lights in automotive interior and exterior applications, such as fog lights, position lights, headlights, ambient lighting, and dashboard lights is boosting the automotive application. The volume of high-power LEDs used for this application has been growing each year.
- The shift to high power LEDs brings better lighting to car owners. LEDs represent an automotive visual revolution, an enhancement in technology which brings increased safe driving factor.
Asia-Pacific is Expected to Witness the Highest Growth Rate
- Asia-Pacific is expected to witness the highest growth rate owing to the growing adoption of high power LED lights in general lighting applications, mainly in India and China.
- In India, the government has implemented a series of policies and programs to support the development of the LED lighting industry, among which the most important is SLNP (Street Light National Program)which is an initiative to 21 million streetlights with LED.
- According to yo the Power Minister of India, India is expected to be the first country in the world to use LEDs for all lighting needs by 2019, which would help the nation save over INR 40,000 crore a year.
- In China, the National Development and Reform Commission (NDRC), and the Ministry of Finance (MOF) have taken several measures to administer subsidies for proliferating LED lighting products.
- The Japanese government's long term goals incorporate the lighting projects and infrastructure related to the 2020 Olympics. Thus, the construction of numerous public buildings, general buildings, transportation, and gymnasiums is continually going on. The government plans to introduce LED lighting in these projects to attract international attention.
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The market factors explained in the report:
Market Overview: It includes High Power LED Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive Summary: The High Power LED Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Regional Study: All of the regions and countries analyzed in the High Power LED Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.
Key Players: This part of the High Power LED Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.
Market Forecast: Here, the report offers a complete forecast of the global High Power LED Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
Note: All the reports that we list have been tracking the impact of COVID-19 on the market. 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.
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Irfan Tamboli (Head of Sales)
Market Insights Reports
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irfan@marketinsightsreports.com
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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 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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