Technavio has been monitoring the global LED market and it is
poised to grow by USD 25.78 billion during 2020-2024, progressing
at a CAGR of almost 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.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200603005764/en/
Technavio has announced its latest market
research report titled Global LED Market 2020-2024 (Graphic:
Business Wire)
Technavio suggests three forecast scenarios (optimistic,
probable, and pessimistic) considering the impact of COVID-19.
Request for Technavio's latest reports on directly and
indirectly impacted markets. Market estimates include pre- and
post-COVID-19 impact on the LED Market Download free sample
report
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.
Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.
View market snapshot before purchasing
The declining manufacturing cost of LEDs has been instrumental
in driving the growth of the market.
Technavio's custom research reports offer detailed insights
on the impact of COVID-19 at an industry level, a regional level,
and subsequent supply chain operations. This customized report will
also help clients keep up with new product launches in direct &
indirect COVID-19 related markets, upcoming vaccines and pipeline
analysis, and significant developments in vendor operations and
government regulations.
https://www.technavio.com/report/led-market-industry-analysis
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
To learn more about the global trends impacting the future of
market research, download a free sample:
https://www.technavio.com/talk-to-us?report=IRTNTR41086
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.
Register for a free trial today and gain instant access to
17,000+ market research reports.
Technavio's SUBSCRIPTION platform
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200603005764/en/
Technavio Research Jesse Maida Media & Marketing Executive
US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com
Website: www.technavio.com/