Global High Power LED Market Expected to Witness a Growth with a CAGR of 5.3% Over the Forecast Period, 2019-2024 - ResearchAndMarkets.com

DUBLIN--()--The "High Power LED Market Research Report by Wattage, Application, Geographical Outlook - Global Industry Trends and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The high-power light-emitting diode market is projected to generate $17,581.5 million in 2024, witnessing a 5.3% CAGR during the forecast period (2019-2024).

The key factors driving the market are the growing government support for the adoption of LED lights and increasing adoption of energy-efficient lighting solutions.

Among these, the automotive application is expected to grow at a CAGR of 5.4% during the forecast period. This is ascribed to the growing requirement for high-power LED lights in automotive interior and exterior applications, including position lights, ambient lighting, fog lights, headlights, and dashboard lights.

Geographically, Asia-Pacific (APAC) is projected to hold a considerable share of the high-power LED market during the forecast period. The primary reason for this is the rising adoption of these LED lights in general lighting applications, majorly in India and China.

Furthermore, various smart city projects are in their developmental phase in these countries, which are predicted to create a huge demand for high-power LED lights. For example, in 2012, China introduced a national smart city development project, which will utilize modern technology for building smart cities.

The governments have started focusing on saving energy, which is why the requirement for energy-efficient lighting solutions is increasing. This is further leading to the growth of the high-power LED market, since high-power LEDs are able to work efficiently for long periods of time and at low maintenance cost. Because of these advantages, the local authorities of several countries, including Australia, the U.S., China, and India, have introduced projects in order to replace their traditional lighting lamps, which are utilized in outdoor lighting, with LEDs.

Key Topics Covered:

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Wattage

1.3.2 Market Segmentation by Application

1.3.3 Market Segmentation by Region

1.3.4 Analysis Period

1.3.5 Market Data Reporting Unit

1.3.5.1 Value

1.3.5.2 Volume

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By region

2.2.1.2 By industry participant

2.2.1.3 By company type

2.3 Market Size Estimation

2.3.1 By Value

2.3.2 By Volume

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Wattage

4.1.1.1 1-2.9 W

4.1.1.2 3-4.9 W

4.1.1.3 5-10 W

4.1.1.4 >10 W

4.1.2 By Application

4.1.2.1 General lighting

4.1.2.2 Automotive

4.1.2.3 Signs & signals

4.1.2.4 Backlighting

4.1.2.5 Others

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends

4.3.2 Drivers

4.3.3 Restraints

4.3.4 Opportunities

4.4 Porter's Five Forces Analysis

Chapter 5. Global Market Size and Forecast

5.1 By Wattage

5.2 By Application

5.3 By Region

Chapter 6. North America Market Size and Forecast

6.1 By Wattage

6.2 By Application

6.3 By Country

Chapter 7. Europe Market Size and Forecast

7.1 By Wattage

7.2 By Application

7.3 By Country

Chapter 8. APAC Market Size and Forecast

8.1 By Wattage

8.2 By Application

8.3 By Country

Chapter 9. LATAM Market Size and Forecast

9.1 By Wattage

9.2 By Application

9.3 By Country

Chapter 10. MEA Market Size and Forecast

10.1 By Wattage

10.2 By Application

10.3 By Country

Chapter 11. Competitive Landscape

11.1 List of Key Players and Offerings

11.2 Market Share Analysis of Key Players

11.3 Competitive Benchmarking of Key Players

11.4 Recent Activities of Key Market Players

11.5 Strategic Developments of Key Players

11.5.1 Product Launches

11.5.2 Partnerships

Chapter 12. Company Profiles

12.1 Cree Inc.

12.2 Nichia Corporation

12.3 Lumileds Holding B.V.

12.4 Osram Licht AG

12.5 Samsung Electronics Co. Ltd.

12.6 Everlight Electronics Co. Ltd.

12.7 Seoul Semiconductor Co. Ltd.

12.8 LG Innotek Co. Ltd.

12.9 Epistar Corporation

12.10 Broadcom Inc.

For more information about this report visit https://www.researchandmarkets.com/r/tmuqae

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900