Press Release / Technology / High Brightness LED Industry: Analysis and Opportunity Assessment 2019-2023

High Brightness LED Industry: Analysis and Opportunity Assessment 2019-2023

Market Synopsis:
The report further indicates that the High Brightness LED Market is set to grow from USD 17.67 Bn in 2017 to USD 23.32 Bn by the close of the assessment period. HBLEDs generate over 50 lumens output per 1 watt power consumption. This high light output has paved its way across different applications which are projected to augment the market in the years to come.
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HBLEDs are widely used in signs, signage, electronics, automobiles, etc. The growth of the end-user industries are poised to work in favor of the expansion of the high brightness LED market over the next couple of years. The proliferating application of energy efficient lighting applications is likely to influence the growth pattern of the market positively.
The growth in initiatives being undertaken for the conservation of energy are poised to dictate the growth trajectory of the high brightness LED market in the foreseeable future. Emphasis is placed on the introduction of innovative and developed products. This, in turn, has been forecasted to boost the pace of expansion of the high brightness LED market in the upcoming years. High brightness LED is an advanced LED type with higher luminosity output that can withstand higher current levels and power dissipation. These light emitting diodes provides well distributed and uniform lighting output while using lower energy. Owing to their high bay lighting property they are ideal for manufacturing units, warehouses, and outdoor fields that require multiple distributions with suitability to varied color temperature.
Competitive Dashboard:
Some of the key players of the high brightness LED market profiled in this MRFR report are Epistar Corporation (Taiwan), Lumileds Holding B.V. (Netherland), Cree, Inc. (US),  Moritex Corporation (Japan), Seoul semiconductor (South Korea), Samsung Electronics Co Ltd (South Korea), Osram Opto Semiconductors GmbH (Germany), Nichia Corporation (Japan), American Bright Optoelectronics Corps (US), and Toyoda Gosei (Japan).
Industry News:
In April 2019, an embedded technologies developer in microLED technology, Plessey, has introduced its 2D planar gallium nitride on silicon process for making green LEDs.
In March 2019, Samsung Electronics America, Inc., showcased its innovative portfolio of signage solutions at the 2019 Digital Signage Expo (DSE).
In January 2019, Samsung, a South Korean multinational conglomerate demonstrated 219 inches and 75-inch micro LED ultra HD televisions that offer very high brightness.
Market Segmentation:
This MRFR report includes a segmental analysis of the high brightness LED market on the basis of application. The market has been segmented into automotive lighting, general lighting, LCD backlighting, mobile, signals & signage, and others. Among these, the general lighting segment is anticipated to dominate the market growth owing to large-scale investments in replacing traditional LEDs. Also, the price erosion witnessed is forecasted to drive the growth of the segment in the forthcoming years.
Regional Analysis:
By region, the global high brightness LED market has been segmented into North America, Europe, Asia Pacific and the Rest of the World (RoW). Asia Pacific houses a booming consumer electronics market which is likely to support its forefront positioning in the global marketplace. The increasing sales of tablets, PCs, television, etc. are forecasted to expedite the proliferation of the high brightness LED market across the review period. In addition, the consolidation of key players in the region in conjunction with a rising inflow of investments is projected to favor the growth of the high brightness LED market over the next few years. The region resonates strong potential for growth and is forecasted to strike a comparatively higher CAGR over the assessment period.
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Market Insights
Continued…
LIST OF TABLES
Table 1 Global High Brightness LED Market, By Region, 2018–2023
Table 2 North America: High Brightness LED Market, By Country, 2018–2023
Table 3 Europe: High Brightness LED Market, By Country, 2018–2023
Continued…
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LIST OF FIGURES
FIGURE 1 Global High Brightness LED Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global High Brightness LED Market
Continued…
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