PUBLISHER: TechNavio | PRODUCT CODE: 1161455
PUBLISHER: TechNavio | PRODUCT CODE: 1161455
Technavio has been monitoring the LED market and it is poised to grow by $141.52 mn during 2023-2027, accelerating at a CAGR of 14.68% during the forecast period. Our report on the LED market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The growing adoption of energy-efficient lighting technologies, the enforcement of Minamata Convention on mercury, and the growing demand from the automotive sector drive the market.
Technavio's LED market is segmented as below:
By Product
By Application
By Geographical Landscape
This study identifies the growing traction of intelligent lighting systems as one of the prime reasons driving the LED market growth during the next few years. Also, new guidelines and government policies for smart lighting and the adoption of LED technology in printers will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading LED market vendors that include Acuity Brands Inc., ams OSRAM AG, Bridgelux Inc., Dialight Plc, Eaton Corp. Plc, Ennostar Inc., Everlight Electronics Co. Ltd., General Electric Co., Havells India Ltd., LITE ON Technology Corp., Lumileds Holding BV, Nichia Corp., Seoul Semiconductor Co. Ltd., Sharp Corp., SMART Global Holdings Inc., Toyoda Gosei Co. Ltd., WOOREE E and L, Zumtobel Group AG, Samsung Electronics Co. Ltd., and Signify NV. Also, the LED market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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