Global HB-LED Market Growth Analysis 2014–2022 Based on Application Segments
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Allied Market Research has recently published an in-depth report on the global HB-LED market. The study provides vital industry intelligence on the high-brightness light-emitting diode market size, share, trends, growth, and forecasts. The financial ratios that are depictive of the performance of the global market have been analyzed and presented as critical information. According to the findings of the report, the market has been estimated to generate around $29 billion in term of revenue by the 2022. The research analysts project a 10% CAGR for the industry throughout the study period 2014–2022.
View Detail Summary of this report: https://www.alliedmarketresearch.com/high-brightness-hb-led-market
The HB-LED market report begins with the introduction to the terms, terminologies, and definitions that are most commonly used in the industry. This is to aid a better understanding of the market structure as explained in the next chapters among the readers. The study has been segmented based on the different applications of high-brightness LED to provide details of the distribution channels within the industry.
The HB-LED market report takes 2014 as the base year for conduction of the market survey. Analysts have used advanced data regression tools to analyze volumes of raw market inputs from primary and secondary industry resources. The accumulated results exhibit that Asia-Pacific made more than 50% of the revenue contribution to the global market during the base year. North America followed up close with the second-highest contribution. With regard to the application segment, general lighting was accountable for the highest share in the market that year, which was around 46% of the global figure. As per geographical trends, Asia-Pacific dominated the global market over the year.
The global HB-LED market report highlights the key consumer trends, drivers, and restraints that are responsible for the present growth scenario. One of the leading force has been the use of HB-LED in signboards, display, and large-screen backlighting. There is an additional increase in HB-LED light applications for general lighting, car panels, mobile displays, and large-scale replacements of traditional lighting systems. The study outlines several important features that contribute to this widespread adoption. The list includes cost-efficiency, energy-efficiency, and longer operational life of the products. However, it is also expected that the high initial investments associated with the adoption could restrict the market growth. There is an increased demand for lighting due to large infrastructure projects with core focus on the photovoltaic technology. Emerging markets witness the proposal of standard policies regarding outdoor LED installations along with huge public investments made towards the success of large-scale projects.
The global HB-LED market report presents industry forecast the upcoming decade in its discussion. For instance, it projects that North America would register the highest growth rate during the study period while Asia-Pacific would maintain its position. The general lighting application segment is estimated to maintain its market dominance in near future. A considerable CAGR of 10.8% would be registered by the mobile application segment over the forecast period.
Key findings:
• The report highlights the maximum revenue contribution that came from high demand in the general lighting segment during 2014. The segment has been projected to experience a CAGR of 9.5% throughout the forecast period.
• There has been a rise in the shipment activities of mobile devices around the globe. This brings rapid growth prospects for the mobile application segment
• The global HB-LED market witnesses the dominant presence of the Asia-Pacific. It is expected that the countries, such as U.S., Japan, and India, across the region would sustain the growth trend over the forecast period as well.
• Within the Asia-Pacific HB-LED market, Japan captures almost one-fourth of the market shares across the region.
The HB-LED market report makes provision for the detailed company profiles of the major players in this segment. Some of the companies that have been included for the study are Epistar Corp, Cree, Inc., Philips Lumileds, Moritex Corporation, Samsung Electronics Co Ltd, Seoul semiconductor, Osram Opto Semiconductor, American Bright Optoelectronics Corps, Nichia Corporation, and Toyoda Gosei. These companies have been profiled for their operational segments, product portfolio, specifications, pricing strategies, financial performance, business moves, and geographical footprints. Product launch tops the list of popular business strategies in this segment, which has helped the companies foray into fresh application and geographical avenues with their products and services.
View Detail Summary of this report: https://www.alliedmarketresearch.com/high-brightness-hb-led-market
The HB-LED market report begins with the introduction to the terms, terminologies, and definitions that are most commonly used in the industry. This is to aid a better understanding of the market structure as explained in the next chapters among the readers. The study has been segmented based on the different applications of high-brightness LED to provide details of the distribution channels within the industry.
The HB-LED market report takes 2014 as the base year for conduction of the market survey. Analysts have used advanced data regression tools to analyze volumes of raw market inputs from primary and secondary industry resources. The accumulated results exhibit that Asia-Pacific made more than 50% of the revenue contribution to the global market during the base year. North America followed up close with the second-highest contribution. With regard to the application segment, general lighting was accountable for the highest share in the market that year, which was around 46% of the global figure. As per geographical trends, Asia-Pacific dominated the global market over the year.
The global HB-LED market report highlights the key consumer trends, drivers, and restraints that are responsible for the present growth scenario. One of the leading force has been the use of HB-LED in signboards, display, and large-screen backlighting. There is an additional increase in HB-LED light applications for general lighting, car panels, mobile displays, and large-scale replacements of traditional lighting systems. The study outlines several important features that contribute to this widespread adoption. The list includes cost-efficiency, energy-efficiency, and longer operational life of the products. However, it is also expected that the high initial investments associated with the adoption could restrict the market growth. There is an increased demand for lighting due to large infrastructure projects with core focus on the photovoltaic technology. Emerging markets witness the proposal of standard policies regarding outdoor LED installations along with huge public investments made towards the success of large-scale projects.
The global HB-LED market report presents industry forecast the upcoming decade in its discussion. For instance, it projects that North America would register the highest growth rate during the study period while Asia-Pacific would maintain its position. The general lighting application segment is estimated to maintain its market dominance in near future. A considerable CAGR of 10.8% would be registered by the mobile application segment over the forecast period.
Key findings:
• The report highlights the maximum revenue contribution that came from high demand in the general lighting segment during 2014. The segment has been projected to experience a CAGR of 9.5% throughout the forecast period.
• There has been a rise in the shipment activities of mobile devices around the globe. This brings rapid growth prospects for the mobile application segment
• The global HB-LED market witnesses the dominant presence of the Asia-Pacific. It is expected that the countries, such as U.S., Japan, and India, across the region would sustain the growth trend over the forecast period as well.
• Within the Asia-Pacific HB-LED market, Japan captures almost one-fourth of the market shares across the region.
The HB-LED market report makes provision for the detailed company profiles of the major players in this segment. Some of the companies that have been included for the study are Epistar Corp, Cree, Inc., Philips Lumileds, Moritex Corporation, Samsung Electronics Co Ltd, Seoul semiconductor, Osram Opto Semiconductor, American Bright Optoelectronics Corps, Nichia Corporation, and Toyoda Gosei. These companies have been profiled for their operational segments, product portfolio, specifications, pricing strategies, financial performance, business moves, and geographical footprints. Product launch tops the list of popular business strategies in this segment, which has helped the companies foray into fresh application and geographical avenues with their products and services.