About the LED Market
LED lights are rapidly gaining traction among consumers due to their multiple benefits. They are preferred over other lights such as incandescent lights and compact fluorescent lights (CFLs), because of their energy efficiency. LEDs consume up to 75% less energy than other bulbs and have longer lifespans - 60,000 hours compared to 1,500 hours from incandescent bulbs and 8,000 hours from CFLs. LEDs are also known as green lighting systems because of their energy-efficient features.
The energy efficiency of LED lights is driving growth in the global LED market. In addition, the need for low electricity consumption and growing awareness of green technology have made manufacturers focus on energy-efficient and eco-friendly lights. Governments are also taking up multiple projects and providing subsidies in order to promote LED lights.
Technavio’s analysts forecast the Global LED Market to grow at a CAGR of 15% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global LED Market for 2016-2020. The market size is calculated on the basis of revenue generated from four segments: general lighting, backlighting, automotive lighting, and others.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global LED Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Cree
• GE Lighting
• LG Innotek
• Lumileds
• Nichia
• OSRAM
• Samsung Electronics
• Seoul Semiconductor
Other prominent vendors
• Dialight
• Eaton
• Emerson Electric
• Everlight Electronics
• Lite-On
• MLS Electronics
• Toshiba Lighting and Technology
• Toyoda Gosei
Market driver
• Need for low electricity consumption
• For a full, detailed list, view our report
Market challenge
• Introduction of flip chip LEDs
• For a full, detailed list, view our report
Market trend
• Reduction in price of LED components
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Definition
• Scope
• Base year
• Geographical segmentation
• Common currency conversion rates
• Top vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Industry overview
PART 06: Technology landscape
• Comparison between bulb types
• Cost benefit analysis for LED and incandescent bulbs
PART 07: Market landscape
• Market size and forecast
• Five forces analysis
PART 08: Market segmentation by application
• Global LED market by application
• Market size and forecast
• LED market in general lighting segment
• LED market in automotive lighting segment
• LED market in backlighting segment
• LED market in others segment
PART 09: Geographical segmentation
• Global LED market by geography
• LED market in APAC
• LED market in EMEA
• LED market in Americas
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 16: Appendix
• List of abbreviations
PART 17: Explore Technavio
Exhibit 01: Segmentation of global LED market
Exhibit 02: Key regions covered
Exhibit 03: Standard currency conversion rates
Exhibit 04: Product offerings
Exhibit 05: LED lighting industry
Exhibit 06: Light output of LEDs, incandescent bulbs, and CFLs
Exhibit 07: Efficiency and cost of LEDs, incandescent bulbs, and CFLs
Exhibit 08: Cost comparison for LED and incandescent bulbs
Exhibit 09: Global LED market 2015-2020 ($ billions)
Exhibit 10: Five forces analysis
Exhibit 11: Global LED market by application 2015 (% share)
Exhibit 12: Global LED market by application 2015-2020 (% share)
Exhibit 13: Global LED market by application 2015-2020 ($ billions)
Exhibit 14: LED market in general lighting segment 2015-2020 ($ billions)
Exhibit 15: LED market in automotive lighting segment 2015-2020 ($ billions)
Exhibit 16: Automotive LED lighting segment 2015 (% share)
Exhibit 17: Automotive LED lighting segment 2020 (% share)
Exhibit 18: LED market in backlighting segment 2015-2020 ($ billions)
Exhibit 19: LED market in others segment 2015-2020 ($ billions)
Exhibit 20: Global LED market by geography 2015 (% share)
Exhibit 21: Global LED market by geography 2015-2020 (% share)
Exhibit 22: Global LED market by geography 2015-2020 ($ billions)
Exhibit 23: LED market in APAC 2015-2020 ($ billions)
Exhibit 24: LED market in EMEA 2015-2020 ($ billions)
Exhibit 25: LED market in Americas 2015-2020 ($ billions)
Exhibit 26: Japan's 21st Century Lighting Plan
Exhibit 27: Degree of urbanization by continent 2015
Exhibit 28: First 20 smart cities under India’s Smart Cities Mission
Exhibit 29: Impact of drivers
Exhibit 30: Impact of drivers and challenges
