DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Light Emitting Diode (LED) Market (2016-2022)" report to their offering.
The Global LED Technology Market is expected to reach $52,011.5 Million by 2022 growing at a CAGR of 11.7% during the forecast period (2016-2022).
The LED market globally is in it nascent stage of adoption. Use of LED's in automobile and mobile phone backlighting applications has given the necessary drive to the LED market. Awareness about the natural environment among the human population is higher than ever; therefore, there is an overwhelming demand for green construction, which is one of the major factors that drive the adoption of LED globally. Additionally, the growth in display market and falling prices of LED lamps are other favourable factors contributing to the growth of the LED market. Nevertheless, cost associated with replacing conventional lighting would be a factor that would hinder the market growth.
OLEDs are predominantly used in mobile devices; therefore, OLED's would witness tremendous growth during the forecast period. Backlighting applications due to falling prices, might not showcase enormous growth in terms of percentage; nevertheless, would still remain as one among the major application areas within the LED market. The use of LED as a backlight for LCD panels gave the necessary push to the LED market post 2012, and since then the LED market came into the limelight.
Key Topics Covered:
1. Market Scope & Methodology
1.1 Market Definition
1.3 Market Scope
1.5 Research Methodology
2. Executive Summary
3. Global Led Market Overview
4. Global Led Market - By Technology
5. Global Led Technology Market - By Application
5.1 Global Automotive Led Market
5.2 Global General Lighting Led Market
5.3 Global Backlighting Led Market
5.4 Global Mobile Led Market
5.5 Global Signals And Signage Led Market
5.6 Global Other Led Application Market
6. Global Led Market - By Geography
7. Company Profiles
- Cree Incorportation
- Samsung Electronics
- Nichia Corporation
- LG Innotek
- Osram Light
- Seoul Semiconductors
For more information about this report visit http://www.researchandmarkets.com/research/btcn5n/global_light