Global High Brightness LED Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global High Brightness LED Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global high brightness LED market report has been segmented on the basis of application and region.
Global High Brightness LED Market: Overview
High-brightness LEDs (HB-LEDs) are one of the semiconductor-based innovative LEDs which has higher brightness. HB-LED has the ability for providing low power consumption, longer-lifespan, and improved brightness features and structures. These LEDs are more efficient and have higher life span. The HB-LEDs are mostly used in various screen displays of electronics displays of TVs, mobile devices, automobiles, general lighting purposes and others. High brightness (HB) LEDs are cost and power effective, hard and have higher life period as compared to other lighting types. These led are helpful in saving more than 50 to 70 % of energy over other traditional machineries and have almost negligible maintenance costs.
Global High Brightness LED Market: Dynamics
Increasing preferences for lower voltages and brighter lights which are importance in electronics products due to dimmability, longer life span, and the rising display presentation and large screen backlighting that drive the market growth over the forecast period. In addition, rising number of regulatory concerns about energy-saving and increasing green construction coupled with rising usage of the HB-LED technology in various applications for instance street lighting, mobiles, signs and signals backlighting, automotive are some of the other factors expected to drive demand of the high brightness LED globally. Furthermore, increasing HB-LED light applications in large scale replacements of traditional light, in general lighting, cars, mobile, and as these are more cost-effective, energy-efficient, and offers longer life span are among the other factors expected drive the growth of the target market over the forecoming years. However, extreme use of HB-LED in high temperature can cause failure, as the performance is highly dependent on ambient temperature coupled with high initial investment are the major factors that could restraining the growth of the target market to a certain extent.
Major trends observed in the global high brightness LED market is rapid rising in energy saving lighting solutions from countries such as US, Japan, and India.
Global High Brightness LED Market: Segment Analysis
The application segment is sub segmented into backlighting, automotive application, general lighting, mobile, and signals & signage. Among the application segment, signals and signage segment is dominating in the global market in terms of revenue share. As many of the consumers are changing their inclinations from outdated bulbs to innovative HB-LEDs coupled with rising sales of replacement lamps, commercial, downlights, outdoor lights, and industrial products
Global High Brightness LED Market: Regional Analysis
Currently, North America market accounts for the major share and is expected to drive growth over the forecast period as this region. This is primarily attributed to, increasing shipments of mobile devices and reduction in the cost of LED components in US. Asia Pacific market in expected to register fastest growth in the near future due to rising demand for Brighter LEDs in commercial applications, automobiles, and displays and is a factor expected to drive growth of the target market in Asia Pacific region.
Global High Brightness LED Market Segmentation:
Segmentation by Application:
- Automotive Application
- General Lighting
- Signals & Signage
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Epistar Corp
- Cree, Inc.
- Philips Lumileds
- Moritex Corporation
- Samsung Electronics Co Ltd
- Seoul semiconductor
- Osram Opto Semiconductor
- American Bright Optoelectronics Corps
- Nichia Corporation
- Toyoda Gosei
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