LONDON--(BUSINESS WIRE)--Technavio has been monitoring the LED market and it is poised to grow by USD 25.78 bn during 2020-2024, progressing at a CAGR of 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is highly fragmented, and the degree of fragmentation will accelerate during the forecast period. Acuity Brands Inc., Bridgelux Inc., Cree Inc., Eaton Corp. plc, GENERAL ELECTRIC, LG INNOTEK, Lumileds Holding BV, NICHIA Corp., OSRAM GmbH, and Signify Holding are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The declining manufacturing cost of LEDs has been instrumental in driving the growth of the market.
LED market 2020-2024 : Segmentation
LED market is segmented as below:
-
Application
- General Lighting
- Backlighting
- Automotive Lighting
- Others
-
Product
- Luminaires
- Lamps
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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LED market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our LED market report covers the following areas:
- LED market size
- LED market trends
- LED market industry analysis
This study identifies the growing adoption of energy-efficient lighting technologies as one of the prime reasons driving the LED market growth during the next few years.
LED market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the LED market, including some of the vendors such as Acuity Brands Inc., Bridgelux Inc., Cree Inc., Eaton Corp. plc, GENERAL ELECTRIC, LG INNOTEK, Lumileds Holding BV, NICHIA Corp., OSRAM GmbH, and Signify Holding. Backed with competitive intelligence and benchmarking, our research reports on the LED market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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LED market 2020-2024 : Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist LED market growth during the next five years
- Estimation of the LED market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the LED market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of LED market vendors
Table Of Contents :
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Luminaires - Market size and forecast 2019-2024
- Lamps - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- General lighting - Market size and forecast 2019-2024
- Automotive lighting - Market size and forecast 2019-2024
- Backlight - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Application
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Acuity Brands Inc.
- Bridgelux Inc.
- Cree Inc.
- Eaton Corp. plc
- GENERAL ELECTRIC
- LG INNOTEK
- Lumileds Holding BV
- NICHIA Corp.
- OSRAM GmbH
- Signify Holding
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.