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Light Emitting Diode (LED) Market 2022 | Business Overview, Estimated Yield, Demand Analysis, Growth Rate, And Forecast To 2031
Light Emitting Diode (LED) Market
The regions covered in the light emitting diode (LED) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest light emitting diode (LED) market share.
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The light emitting diode (LED) market consists of sales of light emitting diode and related services. It is widely used in backlighting of TV, mobile phones, automotive lighting and display boards. A light emitting diode emits light as electrical current passes through it. LEDs are very small, consumes less electric power and can emit lights of different colors based on the semiconductor used in it.
Key competitors in the light emitting diode (LED) market include OSRAM Licht AG, Cree Inc., Phillips Lighting Holding, Lumiled holding B.V, Cooper Industries, Virtual Extension, Dialight plc, Zumtobel Group AG, Samsung, Sharp Corporation, LG Innotek, and General Electric Company.
The global light emitting diode market is expected to grow from $61.33 billion in 2021 to $71.04 billion in 2022 at a compound annual growth rate (CAGR) of 15.8%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The LED market is expected to reach $113.40 billion in 2026 at a CAGR of 12.4%.
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TBRC's report segments the global light emitting diode (LED) market:
1) By Product Type: LED Lamps, LED Fixtures
2) By Technology: Basic LED, High Brightness LED, OLED, Polymer, Ultra Violet LED
3) By End-User: Residential, Commercial, Industrial
Read Further On The Light Emitting Diode (LED) Market Here:
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The Table of Contents includes:
1. Executive Summary
2. Light Emitting Diode (LED) Market Characteristics
3. Light Emitting Diode (LED) Market Trends And Strategies
4. Impact Of COVID-19 On Light Emitting Diode (LED)
5. Light Emitting Diode (LED) Market Size And Growth
.....
27. Light Emitting Diode (LED) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Light Emitting Diode (LED) Market
29. Light Emitting Diode (LED) Market Future Outlook and Potential Analysis
30. Appendix
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