Visible LED Market Size, Share, Opportunities, COVID-19 Impact, And Trends By End-User Industry (Consumer Electronics, Automotive, Others), And By Geography – Forecast From 2019 To 2024

  • Published : Jun 2020
  • Report Code : KSI061612966
  • Pages : 90

The visible LED market is projected to grow at a CAGR of 12.48% during the forecast period, reaching a total market size of US$103.936 billion in 2024 from US$51.322 billion in 2018. The light-emitting diode (LED) emits light when an electric current passes through it. Energy efficiency and a longer lifespan is a key factor attributing to the growth of the visible LED lighting market. Visible LED has several applications in electronic devices, automobiles, and lighting.  The rapid increase in the usage of visible LEDs in commercial and industrial applications, government projects, and upcoming smart building projects are opening new avenues for growth of the visible LED market. There is a price war among the key players of the market which is reducing the prices of visible LEDs. Consumer awareness of the environment and government initiatives are boosting the market. Geographically, the Asia Pacific region has significant market share owing to the presence of key market players in the region and the government's favorable initiatives. The market of North America is also growing at a rapid pace owing to increasing awareness of environment-friendly lights, and increasing demand for smart lights. The development of alternate lightings, such as laser-based lights, is likely to hamper the growth of the visible LED lighting market. However, increasing investments of key players in smart lighting will continue to boost the market during the forecast period.

The “Visible LED 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 the end-user industry and geography.

The visible LED market has been segmented based on the end-user industry and geography. Based on the end-user industry the market has been segmented into consumer electronics, automotive, and others.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 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 visible LED 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 visible LED market.

Visible LED Market Scope:

Report Metric Details
 Market size value in 2018  US$51.322 billion
 Market size value in 2024  US$103.936 billion
 Growth Rate  CAGR of 12.48% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Signify Holding, Everlight Electronics Co., Ltd., OSRAM Opto Semiconductors GmbH, Ushio Europe B.V., Sharp Corporation, LG INNOTEK, ACUITY BRANDS LIGHTING, INC., Renesola, SAMSUNG
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By End-User Industry
    • Consumer Electronics
    • Automotive
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the visible led market size by 2024?
A1. The visible LED market is projected to reach a total market size of US$103.936 billion by 2024.
 
Q2. What are the growth prospects for visible led market?
A2. The global visible LED market is projected to grow at a CAGR of 12.48% during the forecast period.
 
Q3. What is the size of global visible led market?
A3. Visible LED market was valued at US$51.322 billion for the year 2018.
 
Q4. Which region holds the largest market share in the visible led market?
A4. Geographically, the Asia Pacific region has a significant share in the visible led market owing to the presence of key market players in the region and the government's favorable initiatives.
 
Q5. What factors are anticipated to drive the visible led market growth?
A5. Energy efficiency and a longer lifespan is a key factor attributing to the growth of the visible LED lighting market. 

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
 
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
 
3. EXECUTIVE SUMMARY
 
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Competitive Rivalry in the Industry
4.6.  Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
 
5. VISIBLE LED MARKET BY END-USER INDUSTRY
5.1. Consumer Electronics
5.2. Automotive
5.3. Others
 
6. VISIBLE LED MARKET BY GEOGRAPHY
6.1. North America
6.1.1. USA
6.1.2. Canada
6.1.3. Mexico
6.2. South America
6.2.1. Brazil
6.2.2. Argentina
6.2.3. Others
6.3. Europe
6.3.1. Germany
6.3.2. France
6.3.3. United Kingdom
6.3.4. Spain
6.3.5. Others
6.4. Middle East and Africa
6.4.1. Israel
6.4.2. Saudi Arabia
6.4.3. Others
6.5. Asia Pacific
6.5.1. China
6.5.2. Japan
6.5.3. South Korea
6.5.4. India
6.5.5. Others
 
7. COMPETITIVE INTELLIGENCE
7.1. Market Positioning Matrix and Ranking
7.2. Recent Investment and Deals
7.3. Strategies of Key Players 
 
8. COMPANY PROFILES 
8.1. Signify Holding
8.2. Everlight Electronics Co., Ltd.
8.3. OSRAM Opto Semiconductors GmbH
8.4. Ushio Europe B.V.
8.5. Sharp Corporation
8.6. LG INNOTEK
8.7. ACUITY BRANDS LIGHTING, INC.
8.8. Renesola
8.9. SAMSUNG
 

Signify Holding

Everlight Electronics Co., Ltd.

OSRAM Opto Semiconductors GmbH

Ushio Europe B.V.

Sharp Corporation

LG INNOTEK

ACUITY BRANDS LIGHTING, INC.

Renesola

SAMSUNG