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High Power LED Market Size, Status, Global Outlook and Forecast 2021-2026

10-19-2021 11:46 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Insights Reports

Oct 19, 2021 (Market Insight Reports) --Global High Power LED Market Size, Status, and Forecast 2021-2026. In-depth research accumulated to offer Latest insights about acute features of the global High Power LED market. This report provides a detailed overview of key factors in the High Power LED Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for High Power LED in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of COVID-19 on the regional economy.

The high power led market is expected to register a CAGR of over 4% over the forecast period (2021 - 2026).

Some of the key players profiled in the study are:
Cree (US), Nichia (Japan), OSRAM (Germany), Samsung (South Korea), Everlight (Taiwan), Lumileds (Netherlands), Epistar (Taiwan), LG Innotek (South Korea), Broadcom (US), MLS (China), Seoul Semiconductor (South Korea), Luckylight Electronics (China), Plessey Semiconductors (UK), Betlux Electronics (China), Effilux (France), Lite-On Technology (Taiwan), Crescent LED (UK), Vollong Electronics (China), and Stanley Electric (Switzerland), and Others.

Get a Free Sample PDF Copy of Latest Research on High Power LED Market 2021 before purchase:

https://marketinsightsreports.com/reports/05202906460/high-power-led-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=A19

Market Overview and Regional Outlook:
The major factors driving this market include the outsourcing of High Power LED to third party service providers and the availability of different NDT methods to meet the requirement to ensure quality inspection.
The market in APAC is expected to grow at the highest CAGR between 2016 and 2022.

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. LED's has the advantage of being much brighter and smaller than the 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.
- For instance, LED play an essential role in digital lighting solutions, where the vehicle lighting is directly connected to active safety systems. Under digital lighting, the entire lighting system is connected to the other systems of the vehicle such as vision systems, navigation, and emergency safety functions which enable the situation where there is level of autonomy achieved while driving.
- This lighting technology will display information to the driver on the road itself as well as provide other users with information about the intended movements of the vehicle. This technology will eventually be used for autonomous driving and connected transportation.
- LEDs are used widely in both standard and luxury automobiles. Even commercial vehicles have leveraged this automotive lighting technology for the high levels of efficiency it offers.
- Moreover, as automotive lighting systems become more intelligent, demand for the high efficacy and unsurpassed reliability of the highest grade LED components is expected to grow over the forecast period.

Asia-Pacific is Expected to Witness the Highest Growth Rate

- Asia-Pacific is expected to witness 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 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.
- Additionally, many Japanese LED lighting manufacturers demonstrated high power LED bay lights, billboard lights, and four-meter LED tubes at Lighting Japan 2015. The country is witnessing a strong demand for high power LED luminaires, which are capable of assisting commercial applications in saving long term costs.
- Furthermore, various smart city development projects are in the pipeline in countries such as China and India, which are anticipated to generate demand for high power LED lights. For instance, China aims to encourage 100 new smart cities from 2016 to 2020 to lead the country's urban planning and development. According to a report released by the Indian Minister of Urban and Housing Affairs, 148 projects have been completed until January 2018 under India's Smart Cities Mission

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Read Detailed Index of full Research Study at@ 

https://marketinsightsreports.com/reports/05202906460/high-power-led-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=A19

Recent Developments-
- August 2019 - Lumileds, a global vendor in innovative lighting solutions, announced the LUXEON 5050 Square LES (Light Emitting Surface) LED, a square, multi-die emitter that offers industry-leading flux and efficacy for directional lighting applications. The LUXEON 5050 Square builds on the legacy of the LUXEON 5050 Round emitter as the go-to solution for downlights and streetlights, while boosting flux by 25% and providing the highest efficacy of any 5050 packages on the market.
- August 2019 - LG Innotek announced that the company has developed "Nexlide-HD (High Definition)", flexible three-dimensional lighting for cars which emits bright and uniform light from five directions. It is an automotive lighting module made by attaching a number of LED packages to the thin substrate.

Influence of the High Power LED Market report:

–Comprehensive assessment of all opportunities and risk in the High Power LED Market.
–High Power LED Market recent innovations and major events.
–Detailed study of business strategies for growth of the High Power LED Market market-leading players.
–Conclusive study about the growth plot of High Power LED Market for forthcoming years.
–In-depth understanding of High Power LED Market market-particular drivers, constraints and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the High Power LED Market.

… To be continued

Irfan Tamboli (Head of Sales) | Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

ABOUT US:
Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc., Market Insights Reports 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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