Press release
LED Packaging Market 2021 Competitive Insights and Precise Outlook - Samsung Electronics Co. Ltd, OSRAM Opto Semiconductors GmbH, Nichia Corporation
The LED Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The LED Packaging Market has registered a CAGR of 6% over the forecast period 2021 - 2026.
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Top Leading Companies of LED Packaging Market are Samsung Electronics Co. Ltd, OSRAM Opto Semiconductors GmbH, Nichia Corporation, LG Innotek, Seoul Semiconductor Co. Ltd, Stanley Electric Co. Ltd, Lumileds Holding BV, Everlight Electronics Co. Ltd, Toyoda Gosei Co., Dow Corning, Citizen Electronics Co. Ltd, TT Electronics PLC and others.
Industry News and Updates
November 2018 - Nichia launched color temperature tunable COB LED series. It includes COB packaged, which itself controls the light emission color of the tunable LED series.
January 2018 - Lumileds announced a new 5-5-mm packaged LED. The 2W product has high-power specifications and targets outdoor and industrial solid-state lighting (SSL) applications, which are typically served by high-power LEDs.
Key Market Trends
Increasing Demand from Residential Segment to Drive the Market
- The residential sector outlook has largely been optimistic, driven by a shift in consumer demand toward energy-effective lightings, such as LEDs. Moreover, recent government initiatives and growing awareness among consumers are expected to have a significant impact on the industry.
- Out of all the lighting sources, LED lights hold a major share. The growing awareness and increasing policies of the various governments have globally increased the penetration rate of LEDs. The global LED penetration is on the continuous surge YoY. According to Goldman Sach, the penetration rate is expected to cross 60% by 2020.
- The increasing prominence of LEDs can also lead to the adoption of smart lighting systems (connected lighting) in industries. Owing to the flexibility of LEDs, in terms of color variation and brightness, the connected systems are more likely to benefit from the use LEDs over traditional lighting sources.
Regional Outlook of LED Packaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The LED Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The 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.
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.
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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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