Global LED Chips (Lateral, Vertical, Flip) Market Growth, Trends and Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 24, 2019--
The “Global LED Chips Market - By Product Type (Lateral Chip, Vertical Chip, and Flip Chip), End Users and Region - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The LED Chips market is expected to register a CAGR of over 17.76% during the forecast period 2018 - 2023.
LED technology has captured the lighting industry by offering small and efficient lighting solutions to a different set of End Users. In the past decade, features such as enhanced efficiency, power saving, and compared to traditional lighting solutions, for instance, bulbs which have played a significant role in increasing the demand for LED’s.
Moreover, the design process of the LED’s chips has directly influenced factors such as temperature, luminescence efficiency, wavelength, has reduced the overall operational costs. Hence with the improvements in the lighting technology of power LED chips, there is increased adoption of the LED solutions. Thus, with the rapid enhancement in the applications of LED solution, the innovation and consumption is expected to increase in the upcoming years, driving the LED Chips market.
Increasing Demand from Commercial Segment To Drive The Market
The automotive sector position has largely been optimistic, driven by a shift in consumer demand towards the longer term, cost-effective automobiles. Moreover, recent changes in regulations aimed at reducing emissions may have a telling impact on the industry. Manufacturers have been proactively seeking to differentiate their products from their rivals by adopting next-generation solutions, such as LED lighting solutions. In addition to this, higher efficiency metrics for LED lights has enabled them to cut down on the number of light units deployed as a part of the lighting systems. Also, the increasing prominence of LEDs can also lead to the adoption of smart lighting systems (connected lighting) in industries. Given the flexibility of LEDs regarding color variation and brightness, it makes more sense for connected systems to use LEDs than traditional lighting sources.
Asia Pacific to Appear as one of the Leading Region in the LED Chips Market
Asia Pacific is experiencing a remarkable shift in lighting systems solutions where companies in this regions have been identified to adopt LED lights or smart connected lights (Smart LED’s) in manufacturing and industries plants compared to its counterparts such as luminous, and Linear Fluorescent Lamps are owing to the improved efficiency of LED lighting systems.
Over the last years, China has been gradually reducing the sale of incandescent light bulb products to, ensure that the outdated technology is soon replaced by something more profitable, advanced and environment-friendly. Recently the government of India has supported the plan of deploying cost-effective LED’s across the country among different end-users. According to the Indian government, LED adoption is driving to an annual energy savings of over 3,350 million kWh and resulting in avoidance of over 6,725 MW of peak demand.
For instance, the World Bank approved a USD 220 million loans and a USD 80 million guarantees for the India Energy Efficiency Scale-Up Program. This Program is to be implemented by the Energy Efficiency Services Limited (EESL), which will help to scale up the deployment of energy saving measures in public sectors and residential. As other countries in the region are expected to follow suit, the demand for LED’s is expected to increase.
Key Topics Covered:
1.1. Key Study Deliverables
1.2. Market Definition
1.3. Study Assumptions
2. Research Methodology
3. Executive Summary
4. LED Chips Market Insights
4.1. LED Chips Market Overview
4.2. Porter’s Five Forces Analysis
4.3. Industry Value Chain Analysis
4.4. Industry Policies
5. LED Chips Market Dynamics
5.1. LED Chips Market Drivers
5.1.1. Backlighting Application of Devices Boosting the LED Chip Market
5.1.2. Power Efficiency Of LED Chips
5.1.3. R&D Investments And Government Initiatives
5.2. LED Chips Market Challenges
5.2.1. Growing adoption of OLEDs in consumer electronics
5.2.2. High initial cost
6. Technology Snapshot
7. Global LED Chips Market
7.1. By Product Type
7.1.1. Lateral Chip
7.1.2. Vertical Chip
7.1.3. Flip Chip
7.2. By End-user Type
7.2.4. Signs & Signal
7.3. By Region
8. Competitive Intelligence - Company Profiles
8.1. OSRAM Opto Semiconductors
8.2. Nichia, Cree
8.3. Philips Lumileds Lighting Company
8.4. Epistar Corporation
8.6. Bridgelux Inc.
8.7. TOYODA GOSEI Co.,
8.8. Seoul Semiconductors
8.9. Samsung Electronics.
8.10. Dowa Electronics Materials Co Ltd
8.11. Epistar Corporation
8.12. Formosa Epitaxy
8.13. Goldeneye INC.
8.14. Hitachi Cable
9. Investment Analysis
10. Future of LED Chips Market
For more information about this report visit https://www.researchandmarkets.com/r/t2hquu
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Related Topics:LED (Light Emitting Diodes)
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 05/24/2019 10:15 AM/DISC: 05/24/2019 10:15 AM