Global High-Brightness LED Market 2017-2021

Overview of the global high-brightness LED market

According to Technavio’s analysts, the global high-brightness LED market is anticipated to grow at a steady rate and post a CAGR of more than 7% during the forecast period. The inception of energy-efficiency certification programs will drive the growth prospects for the global high-brightness LED market until the end of 2021. According to the industry research report, energy Star-certified light emitting diode (LED) products consume 75% less energy than incandescent light bulbs, which, in turn, will boost the production rate and adoption rate of high-brightness LED products. In addition, the growing need for energy-efficient lighting products to save energy and reduce the carbon footprint will drive the establishment of programs such as the Energy Star certification, DesignLights Consortium (DLC), and Lighting Design Lab certification. These programs will further encourage the use of energy star certified high-brightness LED lighting products for energy consumption in buildings, homes, and industries.

The declining manufacturing cost of high power LED products will drive the growth prospects for the global high-brightness LED market for the next four years. One of the major factors responsible for the reduction in the cost of LEDs is the decreasing average selling price (ASP) of the chip LED and components used in the manufacturing processes of these devices.

Competitive landscape and key vendors

The global HB-LED market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these vendors are increasingly focusing on improving in terms of experience, product portfolio, geographical presence, financial condition, research and developmental activities, and customer base to gain more market share. Product quality, price, and products innovation are some of the major factors the vendors usually compete on.

Key vendors in this market are -

• Cree
• GE Lighting
• LG Innotek
• Lumileds
• Nichia
• OSRAM
• Samsung Electronics
• Seoul Semiconductor

Other prominent vendors in the market include Dialight, Eaton, Emerson Electric, Lite-On, M.L.S Electronics, TOSHIBA Lighting & Technology, and TOYODA GOSEI.

Segmentation by application and analysis of the high-brightness LED market

• Consumer electronics
• General lighting
• Automotive

The HB-LED market in the consumer electronics segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. However, the segment is likely to experience a decline in its market share due to the increasing adoption of organic light-emitting diode (OLED) technology in applications such as smartphones and TVs. Some of the major factors responsible for this decline are price wars, an oversupply of HB LED chips from the Chinese market, and a low number of sales of desktops.

Segmentation by geography and analysis of the high-brightness LED market

• Americas
• APAC
• EMEA

In terms of geography, APAC accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. It has been observed that the APAC region witnesses a continual demand for HB LEDs for TV backlights, smartphones, and computing devices from various sectors such as the healthcare, hospitality, retail, office, and industrial segments. Moreover, the rapid urbanization and growing focus on improving the infrastructure will further propel the market’s growth rate in the coming years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global high-brightness LED market?
• What are the key market trends impacting the growth of the global high-brightness LED market?
• What are the challenges to market growth?
• Who are the key vendors in the global high-brightness LED market?
• What are the market opportunities and threats faced by the vendors in the global high-brightness LED market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global high-brightness LED market?

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