Press release
Light-emitting Diode (LED) Market to Expand at a CAGR of 18.46% to 2021 Due to Rise in Semiconductor Industry
LEDs are integral components of semiconductor devices and emit light by means of electro-luminescence. LED lighting products are bundled arrangements of LEDs that provide durable, affordable, and eco-friendly lighting systems.
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These products do not emit carbon dioxide, making them eco-friendly. Compared with incandescent bulbs, they consume 80% less energy, making them increasingly energy-efficient and affordable for consumers.
Technavios analysts forecast the global light-emitting diode (LED) market to grow at a CAGR of 18.46% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global light-emitting diode (LED) market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Light-emitting Diode (LED) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Cree
GE Lighting
LG Innotek
NICHIA
OSRAM
Philips Lighting
Samsung Electronics
Other prominent vendors
Dialight
Eaton
Emerson
Everlight Electronics
Lite-On
MLS (Forest Lighting)
Seoul Semiconductor
TOYODA GOSEI
Market driver
Favorable policy environment and governmental support
For a full, detailed list, view our report
Market challenge
Lack of standardization
For a full, detailed list, view our report
Market trend
Increase in urban population worldwide
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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