openPR Logo
Press release

Packaged Led Market: Rising Adoption of Packaged Leds In Medical Devices, Smart Street Lights, Refrigerators and Other

01-03-2018 09:16 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Packaged Led Market: Rising Adoption of Packaged Leds In Medical

Packaged LED are continuing to advance in terms of color quality, efficacy, and lumen outputs. Evolution in architecture, component and package developments are trending in the packaged LED market. The market saw consolidation in years 2014 and 2015 owing to overcapacity caused by LED TV and the entry of Chinese players in the industry. Most of the small players went bankrupt and mid players have been acquired to decrease the competition and stabilize the price erosions. The packaged LED market experienced massive hit owing to drastic price erosions along with discordant exchange rates in most of the regions. Decline in displays and mobile markets in 2015 was another reason for companies to compete in this industry. The average selling price (ASP) for mid and low powered LEDs declined about 30%-40% thus resulting in revenue decline in 2015. This decline was indicated by the lower-than anticipated demand from LED lighting and backlight markets.

LED industry is innovating, moving and continuing to pace itself as compared to the situation in 2015. The industry has paced to recover from 2016 and the manufacturers are focused towards increasing their activity in automotive industry as the automotive application is experiencing growth as compared to lighting segment. The ASPs have mostly stabilized for highly commoditized stocks such as low-power and mid-power LEDs. The demand for lighting application is rising along with the competition being stiffer leading to significant drops in LED prices as the competition intensifies.

Request A Sample Of This Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=29180

The lighting sector is expected to witness steady growth in the packaged LED market owing to its use in commercial luminaires, replacement lamps and outdoor luminaires. The LED lighting market is yet to reach its tipping point owing to the dropping prices, incentivizing rebates and manufacturers innovating new technologies to make LED lighting desirable and relevant. Technological advancements have enabled customers to adopt LEDs thus opening up new opportunities in this industry. Smart lighting with controllable options is expected to have a positive impact on the adoption rates owing to various benefits such as indoor navigation, energy savings, and improved security.

Automotive sector is expected to have substantial growth prospects as the increasing adoption of daytime running lamps and LED headlamps in mass production cars is anticipated to support the demand for packaged LED market. Chip-scale and high-luminance packaged LEDs enable vehicle headlight to be significantly smaller having new dynamic functions. For instance, the low-beam headlamps have been enabled with single lamp as light source to create the cut-off pattern. LEDs have the advantage of being smaller and brighter than the traditional lamps, and thereby are widely used in both luxury and standard automobiles.

View Our Table of Content - https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=29180

Rising adoption of packaged LEDs in medical devices, smart street lights, refrigerators and other diversified applications is expected to surge the demand over the forecast timeframe. Some of the ongoing advancements in the medical industry include light intensity improvement, long term reliability, product weight and size and use of specific wavelengths in photo physics

Increasing demand of smartphones is expected to support the packaged LED industry over the forecast timeframe. Research and developments in smartphone backlight display has opened up new opportunities for the LED displays. For instance, the Organic Light-Emitting Diode (OLED) are used in high-end smartphones as they are brighter than LEDs, increases the battery life and also have better response time for sensing the finger touch. Currently, the OLEDs are quiet costlier than LCD and LED displays and the costs are expected to reduce over the years owing to the economies of the scale.

View Report - https://www.transparencymarketresearch.com/packaged-led-market.html

The packaged LED industry is highly competitive owing to strong price pressure. The LED manufacturers are looking for business opportunities by adapting different strategies for the development. Some of the prominent industry participants of the packaged LED market are Lumileds, Philips, Cree, Osram, Samsung, Nichia, Sharp and Citizen. Product and application diversification are the major strategies adopted by the manufacturers. Product diversification include chip on board (COB), flip chip (FC), LED filaments and chip-scale package (CSP) LEDs. Application diversification include focusing on niche markets such as horticultural lighting, automotive lighting among others. Other industry participants are developing disruptive strategies for new growth relays such as focusing on non-visible LEDs such as IR and UV LEDs or vertical integration towards LED modules.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Packaged Led Market: Rising Adoption of Packaged Leds In Medical Devices, Smart Street Lights, Refrigerators and Other here

News-ID: 882638 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for LED

Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
Global LED Drivers Market 2017 Trends By Product(Buck-Boost LED Drivers, Multito …
Scope Of Global LED Drivers Market Research Report 2017 Global LED Drivers Market Report Based On Defination, Status and Forecast 2022 contains a market overview of the industry which talks about market Application, production, Consumption, revenue, Gross margin, sales volumes and figures, growth estimation in coming years, current industry leaders and their sales/revenue metrics. Request For Free Sample Report Here : https://www.reportsmonitor.com/request-sample/?post=489550 This report studies the global LED Drivers market, analyzes and
LED Flashlight Market 2017 - SureFire, LED Lenser, Pelican, NovaTac
Apex Research, recently published a detailed market research study focused on the "LED Flashlight Market" across the global, regional and country level. The report provides 360° analysis of "LED Flashlight Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LED Flashlight industry, and estimates the future trend of LED Flashlight market on
LED Light: 2017 Global LED Light Bulb Market Outlook
Orbis Research delivers key insights on the Global LED Light Bulb Market in a new report titled “Global LED Light Bulb Market Research Report 2017-2022 by Players, Regions, Product Types and Applications.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022). Description The Global LED Light Bulb Market report offers a comprehensive evaluation of the Global LED