The global semiconductor lamps market is projected to grow at a CAGR of 7.46% to reach US$21.186 billion by 2024, from US$13.756 billion in 2018. The rising demand for smartphones and other communication devices will be one of the leading reasons for the rise in the demand for semiconductor lamps during the forecast period, as they are being increasingly used as a notification indicator, and more. Furthermore, the growing demand for consumer electronics, especially in budding economies, will further propel the demand for these devices in the coming years. The Asia Pacific region will hold a major share in the market owing to the growing semiconductor manufacturing activities in the region due to cheaper availability of labor and favorable government policies.
The Global Semiconductor Lamps Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by end-user industries and geography.
The global semiconductor lamps market has been segmented based on end-user industries and geography. On the basis of end-user industries, the market has been segmented communication, consumer electronics, automotive, and manufacturing.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into Americas, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 11 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the global semiconductor lamps market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the global semiconductor lamps market.
The semiconductor lamps market has been analyzed through following segments: