DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qd9b4c/global_led) has announced the addition of the "Global LED Packaging Market - By Regions and Vendors - Market Size, Demand Forecasts, Industry Trends and Updates, Supplier Market Shares 2014 - 2020" report to their offering.
The global revenue of LED packaging market was $14.6 billion in 2014 and is estimated to reach $17.64 billion by 2020, at a CAGR of 3%.
LED packaging refers to usage of Light Emitting Diodes in the products under consideration. The industry has seen a phenomenal growth from 2006 till 2014. Currently, the growth rate is marginal and is anticipated to decrease in the coming years.
Growth by End-Use Industries:
In terms of applications, LED lighting leads the LED packaging market. Also, in the global lighting market, the usage of LED is estimated to grow at a rate of 14% compounded annually for the period 2016-2020. But, on the other hand, the innovations in the industry are saturated and at the same time the market has over capacity.
Industry Trends and Updates:
For the TV display application, the industry is moving from usage of LED to OLED (Organic Light emitting diode), which is the latest innovation. This is expected to penetrate more into the market. Added to this, the production costs of OLED displays will be decreased by 3 folds since fixed costs (equipment) is less and variable costs is also relatively less as more units can be produced within a given time.
To leverage on costs, the companies are focusing on operating through economies of scale. As such the industry is witnessing consolidation of players / manufacturers of LED packaging. But, on the other hand, some of the SME which are not able to merge are exiting from the market.
Key Topics Covered:
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. LED Packagings Market Segmentation, Forecasts and Trends - by Revenue
- By Application
- - LCD TVs
- - Automotives
- - Portable Electronics
- - Signs and Large advertisement boardings
- - General Lighting
- - Others
6. Global Vendor Market Share Analysis
7. Supplier Intelligence - - Profiles
- Seoul Semiconductors
8. Investment Analysis
For more information visit http://www.researchandmarkets.com/research/qd9b4c/global_led