High Power LED Market, By Packaging Type (Flip Chip, Mesa, Vertical),Size,Trends

High power LED market will reach at an estimated value of USD 6.60 billion and grow at a CAGR of 4.20% in the forecast period of 2021 to 2028. Rising long life and continuous usage is an essential factor driving the high power LED market.

View Detailed Report" https://www.databridgemarketresearch.com/reports/global-high-power-led-market

High power LEDs are the type of LEDs with higher brightness index than conventional LEDs due to higher current levels and power dissipation. These LEDs are basically used in general lighting, mobile phones, signal lighting, and applications requiring high luminosity. Increasing environmental concerns are discouraging the fluorescent light market and also helps in providing positive outlooks for the high power LED industry.

Rising high brightness LED applications is a crucial factor accelerating the market growth, also increasing adoption of energy-efficient lighting solutions, rising Hb-led light applications, rising large scale replacements of traditional luminaires, continuous falling cost of Led component, increasing extensive adoption of innovative technologies or instance strong intelligent systems, IoT, real-time monitoring of illumination, rising technological advancement in connected lighting, rising government initiatives towards green construction and high demand from automotive industry are the major factors among others boosting the high power LED market. Moreover, rising research and development activities in the market, increasing modernization in the products offered in the market, rising demand for smart lighting systems and rising awareness regarding implementation of energy-efficient systems will further create new opportunities for high power LED market in the forecast period mentioned above.

However, increasing initial cost of the high power LEDs is the vital factor among others restraining the market growth, while rising difficulty in overcoming the thermal problems will further challenge the high power LED market in the forecast period mentioned above.

Key Players Analysis:

The major players covered in high power LED market report are Cree, Inc., NICHIA CORPORATION, OSRAM GmbH, SAMSUNG, EVERLIGHT, Lumileds Holding B.V, EPISTAR Corporation, LG INNOTEK, Broadcom, Excelitas Technologies Corp., High Power Lighting Corporation, Lextar Electronics Corporation, ROHM Co. Ltd., Kingbright Electronic Co. Ltd, Würth Elektronik GmbH & Co. KG, Seoul Semiconductor Co., Ltd, Luckylight Electronics Co., Ltd, Plessey, Betlux Electronics Co., Ltd, EFFILUX, Lite-On, Crescent Opto Private Limited, Vollong Electronics Co.,Limited, Stanley Electric, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

High Power LED Market Scope and Market Size

High power LED market is segmented on the basis of packaging type, application and wattage. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of packaging type, high power LED market is segmented into flip chip, mesa, and vertical.

Based on application, the high power LED market is segmented into general lighting, automotive, flash lighting and backlighting.

The high power LED market is also segmented on the basis of wattage into 1-2.9 W, 3-4.9 W, 5-10 W and4 >10 W.

Explore More Reports:

https://dbmrresearchreports.blogspot.com/2024/04/railway-bearing-market-by-application.html

https://dbmrresearchreports.blogspot.com/2024/04/wax-melts-market-to-reach-value-of-usd.html

https://dbmrresearchreports.blogspot.com/2024/04/serological-testing-market-to-reach-usd.html

https://dbmrresearchreports.blogspot.com/2024/04/exocrine-pancreatic-insufficiency.html

About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

Contact Us:
Data Bridge Market Research
Tel: +1 614 591 3140 | +44 845 154 9652 | +653 1251 975
Email: Corporatesales@databridgemarketresearch.com

This release was published on openPR.