High Brightness LED Market was value US$ 17.0Bn in 2017 and is expected to reach US$ 31.0Bnn by 2026 at a CAGR of 7.8%.
High brightness light-emitting diodes headlamps are advanced semiconductor in electronics technology is known for its high output. High brightness light-emitting diodes (LED) headlamps come in different shapes & sizes as per the requirement of vehicles. High-brightness LED headlamps are costly but long lasting therefore it is considered as a value for money product and beneficial for the consumers in long run.
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The major driving factor for the growth of high brightness LED industry includes increasing significance in mobile electronics due to its long life span, minimal costs of LED components and growth in display and large screen. Further factors such as high market share, availability in versatile form, growing awareness for energy saving and ease of installation on any circuit contributes to the growth of high brightness light emitting diodes (LED) Market. However, market restraints such as breakdown owing to excessive heat, regulatory concerns and an increase in green construction is likely to impede the growth of high brightness LED industry.
Automotive industry segment is dominating the high brightness LED market worldwide. For engine industry demand for high-brightness LED headlamps has less growth as compared to the automotive industry since a number of high-brightness LED headlamps are used in steam engine industry is notably lesser than a number of high-brightness LED headlamps used in automotive industry.
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Region-wise, the Asia Pacific is the largest market region for global high brightness LED market based on market revenue share. The major factors driving the market growth in the Asia Pacific is the large market for LED in China and the ongoing technological advancements in the LED technology. Lighting policy in many countries is also acute to the development of LED lighting, and this effect has been most marked in the Asia Pacific region. Such as Japan now has the highest LED lighting market penetration rate of any region, with the rate set to rise to 73.8% by 2017.
Global high brightness LED market report includes PESTLE analysis, competitive landscape, and Porterâ€™s five force model. Market attractive analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.
Some of the leading key players operating in the high brightness LED market are, Cree Inc., Samsung Electronics Co. Ltd., American Bright Optoelectronics Corps, Nichia Corporation, and Toyoda Gosei introduced more advanced and energy efficient LED to enhance their product portfolio and raise their market share.
Scope of Global High Brightness LED Market
Global High Brightness LED Market, by Product
Global High Brightness LED Market, by Application
Signals & Signage
Global High Brightness LED Market, by Region
Middle East and Africa
Key players operating in Global High Brightness LED Market
Samsung Electronics Co Ltd
Osram Opto Semiconductor
American Bright Optoelectronics Corps