Light-Emitting Diode (LED) Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

Published: Nov 2022 Pages: 173 SKU: IRTNTR41086

LED Market Analysis Report 2023-2027:

The LED market size is estimated to grow at a CAGR of 14.68% and the size of the market is forecast to increase by USD 141.52 million between 2022 and 2027. The market's growth depends on several factors, including the growing adoption of energy-efficient lighting technologies, enforcement of the Minamata Convention on mercury, and growing demand from the automotive sector. 

This report extensively covers market segmentation by product (luminaires and lamps), application (general lighting, automotive lighting, backlight, and others), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the LED Market During the Forecast Period?

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Key Drivers, Trends, and Challenges

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Key  Driver

The growing adoption of energy-efficient lighting technologies is a major driver boosting the LED market. The demand for electricity has increased due to the growing demand for lighting, with lighting consuming approximately 20% of global electricity production. Governments worldwide are promoting energy-efficient lighting technologies to address this issue. Incandescent bulbs have been banned in some countries, leading to a higher adoption of energy-efficient alternatives such as halogen, CFL, LFL, and LED lighting technologies.LED lighting products are expected to witness higher adoption during 2017-2022 compared to CFLs and LFLs, thanks to their cost-effectiveness and energy-saving features. LEDs consume significantly less energy than traditional incandescent bulbs and have a longer lifespan. Similarly, LEDs consume less energy than CFLs and last longer as well. Manufacturers are focusing on energy-efficient and environmentally friendly lighting solutions, driving the growth of the global LED market.

Intelligent lighting, which offers automated and energy-efficient capabilities, is gaining acceptance. This technology uses sensors to control the intensity and duration of lighting based on factors like human motion and occupancy, providing energy and cost benefits. With the expansion of wireless communication infrastructure, intelligent lighting products find applications in residential, outdoor, and architectural lighting, with LEDs being the preferred choice.Governments globally have introduced energy-efficiency programs to promote the adoption of energy-efficient lighting products and reduce carbon footprints. Certifications like ENERGY STAR, DLC, and Lighting Design Lab ensure compliance with specific guidelines for color quality, lifespan, energy efficiency, and optical output. ENERGY STAR-certified LED products, for example, consume 75% less energy than incandescent bulbs. With such advantages, the use of LEDs is expected to surpass traditional lighting technologies across all sectors during the forecast period.

Significant Trends

The growing traction of intelligent lighting systems is a major factor hindering the growth of the market. The lighting industry is undergoing a digital revolution, driven by the adoption of intelligent lighting systems and controls. The demand for energy-efficient and cost-effective lighting solutions is on the rise. Intelligent lighting systems utilize movement detection, daylight equalization, and control technology to enhance efficiency. These systems feature smart LED fixtures with built-in sensors that detect natural daylight and adjust artificial lighting accordingly. Wireless controls enable easy customization of lighting settings. Embedded intelligence in lighting products enables adaptability to changing space requirements, particularly in office buildings. Controllers offer functionalities like dimming, timers, and color-changing options for multiple lights. Smart LED bulbs enhance room ambiance, offering energy efficiency and color control. These bulbs are controlled via hubs connected to the internet, allowing users to manage lighting through mobile apps.

LED lighting products with integrated sensors and controls are experiencing high demand, especially in outdoor and industrial applications. These segments require durable lighting solutions that can withstand harsh conditions without frequent maintenance. Lighting control systems with LEDs automatically respond to daylight and occupancy, optimizing energy usage. The longevity of light sources is crucial in industries operating 24/7. Intelligent lighting systems not only save energy but also provide valuable data for energy analysis and maintenance purposes.

Major  Challenge

The high average cost per fixture is a major factor hindering market growth. Despite the declining ASPs of LED lighting products worldwide, adoption is a challenge because of the high average cost per fixture. The initial costs incurred by customers for the installation of LED lighting fixtures are comparatively much higher than that of traditional incandescent or halogen bulbs. This initial cost includes the cost of LED fixtures such as wires as well as labor costs. There are a few challenges related to the use of LEDs. For instance, in newly built homes, wiring is not a concern while installing LED bulbs. However, older homes might require renovation of the electrical system for the safe installation of LED bulbs, which increases the installation cost of LED bulbs.

Moreover, if consumers are opting for smart lighting solutions, they incur additional costs on procurement and installation of the required IoT infrastructure. Furthermore, the price of smart lighting products differs among manufacturers, in the range of USD 15- USD 180.

LED Market Segmentation by Product, Application, Geography

Product Analysis

Based on product, the market is segmented into luminaires and lamps. The market share growth by the luminaires segment will be significant during the forecast period. LED luminaires include products such as downlights, troffers, roadway fixtures, outdoor lighting, and others. The widespread adoption of light-emitting diode products across the world is due to their numerous benefits. light-emitting diode luminaires, such as downlights, are widely used in the residential, office, and retail sectors, while troffers are used in the industrial sector.

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LED luminaires are widely used across all sectors due to their energy efficiency and longer lifespan. Light-emitting diode luminaires are increasingly being integrated into exit lights, floodlights, as well as high-bay and low-bay lights, which were traditionally integrated with incandescent, fluorescent, and HID luminaires.

Application Analysis

Based on the application, the LED market is segmented into general lighting, automotive lighting, backlight, and others. The general lighting segment held the largest market share in 2021. The general lighting segment is experiencing a surge in demand for LEDs due to favorable government regulations worldwide. Initiatives like the Domestic Efficient Lighting Program in India have promoted LED usage through subsidies and awareness campaigns. Factors such as declining prices, smart lighting demand, high efficacy, and eco-friendly solutions drive LED growth. The segment includes retail, architectural, office, hospitality, industrial, outdoor, and residential lighting. LED adoption offers energy efficiency, cost savings, and improved lighting experiences. China, India, and Brazil are key markets for LED growth.

Regional Analysis

APAC is estimated to contribute 49% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

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The primary reason behind the rapid growth of the APAC market is the increase in demand for light-emitting diode solutions from both the residential and commercial segments. The region is becoming a hub for industries such as retail, hospitality, and healthcare. Offices established by various multinational companies are also being set up in this region. Smart infrastructure is being developed through improvements in the IT infrastructure in many countries across the region. Significant growth in the light-emitting diode market is attributed to both the growing construction market along with increasing investments by governments in infrastructure projects in various countries. Many international events will be organized in emerging economies, including China and India during the forecast period, which will help increase the demand for LED lighting products.

COVID Recovery Analysis:

Although the COVID-19 outbreak in the region hindered sales growth due to the temporary closure of LED production units, it is estimated that the market will recover during the forecast period due to the rise in vaccination drives in the region, as observed in 2021. Additionally, expansion strategies and the launch of products integrated with advanced technology by leading LED manufacturing firms will help boost the growth of the LED market in this region.

Who are the Major LED Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

SMART Global Holdings Inc.- The company offers LED such as DL DR6BD14AWG, DL DR6BD14KKG, and DL DR6BD14WWE.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:

  • Acuity Brands Inc.
  • ams OSRAM AG
  • Bridgelux Inc.
  • Dialight Plc
  • Eaton Corp. Plc
  • Ennostar Inc.
  • Everlight Electronics Co. Ltd.
  • General Electric Co.
  • Havells India Ltd.
  • LITE ON Technology Corp.
  • Lumileds Holding BV
  • Nichia Corp.
  • Seoul Semiconductor Co. Ltd.
  • Sharp Corp.
  • Toyoda Gosei Co. Ltd.
  • WOOREE E and L
  • Zumtobel Group AG
  • Samsung Electronics Co. Ltd.
  • Signify NV

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The LED market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook ( USD Million, 2017 - 2027)
    • Luminaires
    • Lamps
  • Application Outlook ( USD Million, 2017 - 2027)
    • General lighting
    • Automotive lighting
    • Backlight
    • Others
  • Region Outlook ( USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Chile
      • Argentina

LED Market Scope

Report Coverage

Details

Page number

173

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 14.68%

Market growth 2023-2027

USD 141.52 million

Market structure

Fragmented

YoY growth 2022-2023(%)

14.1

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 49%

Key countries

US, Taiwan, Japan, UK, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Acuity Brands Inc., ams OSRAM AG, Bridgelux Inc., Dialight Plc, Eaton Corp. Plc, Ennostar Inc., Everlight Electronics Co. Ltd., General Electric Co., Havells India Ltd., LITE ON Technology Corp., Lumileds Holding BV, Nichia Corp., Seoul Semiconductor Co. Ltd., Sharp Corp., SMART Global Holdings Inc., Toyoda Gosei Co. Ltd., WOOREE E and L, Zumtobel Group AG, Samsung Electronics Co. Ltd., and Signify NV

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this LED Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the LED Market between 2023 and 2027
  • Precise estimation of the size of the led market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of led market vendors

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global LED Market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global LED Market 2017 - 2021 ($ million)
    • 4.2 Geography Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Application Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Luminaires - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Luminaires - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Luminaires - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Luminaires - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Luminaires - Year-over-year growth 2022-2027 (%)
    • 6.4 Lamps - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Lamps - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Lamps - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Lamps - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Lamps - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 43: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 45: Chart on Comparison by Application
      • Exhibit 46: Data Table on Comparison by Application
    • 7.3 General lighting - Market size and forecast 2022-2027
      • Exhibit 47: Chart on General lighting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on General lighting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on General lighting - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on General lighting - Year-over-year growth 2022-2027 (%)
    • 7.4 Automotive lighting - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Automotive lighting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Automotive lighting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Automotive lighting - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Automotive lighting - Year-over-year growth 2022-2027 (%)
    • 7.5 Backlight - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Backlight - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Backlight - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Backlight - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Backlight - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 63: Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Taiwan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Taiwan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Taiwan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Taiwan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Taiwan - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Acuity Brands Inc.
              • Exhibit 116: Acuity Brands Inc. - Overview
              • Exhibit 117: Acuity Brands Inc. - Business segments
              • Exhibit 118: Acuity Brands Inc. - Key news
              • Exhibit 119: Acuity Brands Inc. - Key offerings
              • Exhibit 120: Acuity Brands Inc. - Segment focus
            • 12.4 ams OSRAM AG
              • Exhibit 121: ams OSRAM AG - Overview
              • Exhibit 122: ams OSRAM AG - Business segments
              • Exhibit 123: ams OSRAM AG - Key offerings
              • Exhibit 124: ams OSRAM AG - Segment focus
            • 12.5 Bridgelux Inc.
              • Exhibit 125: Bridgelux Inc. - Overview
              • Exhibit 126: Bridgelux Inc. - Product / Service
              • Exhibit 127: Bridgelux Inc. - Key offerings
            • 12.6 Dialight Plc
              • Exhibit 128: Dialight Plc - Overview
              • Exhibit 129: Dialight Plc - Business segments
              • Exhibit 130: Dialight Plc - Key offerings
              • Exhibit 131: Dialight Plc - Segment focus
            • 12.7 Eaton Corp. Plc
              • Exhibit 132: Eaton Corp. Plc - Overview
              • Exhibit 133: Eaton Corp. Plc - Business segments
              • Exhibit 134: Eaton Corp. Plc - Key news
              • Exhibit 135: Eaton Corp. Plc - Key offerings
              • Exhibit 136: Eaton Corp. Plc - Segment focus
            • 12.8 Ennostar Inc.
              • Exhibit 137: Ennostar Inc. - Overview
              • Exhibit 138: Ennostar Inc. - Business segments
              • Exhibit 139: Ennostar Inc. - Key offerings
              • Exhibit 140: Ennostar Inc. - Segment focus
            • 12.9 Everlight Electronics Co. Ltd.
              • Exhibit 141: Everlight Electronics Co. Ltd. - Overview
              • Exhibit 142: Everlight Electronics Co. Ltd. - Business segments
              • Exhibit 143: Everlight Electronics Co. Ltd. - Key offerings
              • Exhibit 144: Everlight Electronics Co. Ltd. - Segment focus
            • 12.10 General Electric Co.
              • Exhibit 145: General Electric Co. - Overview
              • Exhibit 146: General Electric Co. - Business segments
              • Exhibit 147: General Electric Co. - Key news
              • Exhibit 148: General Electric Co. - Key offerings
              • Exhibit 149: General Electric Co. - Segment focus
            • 12.11 Havells India Ltd.
              • Exhibit 150: Havells India Ltd. - Overview
              • Exhibit 151: Havells India Ltd. - Business segments
              • Exhibit 152: Havells India Ltd. - Key news
              • Exhibit 153: Havells India Ltd. - Key offerings
              • Exhibit 154: Havells India Ltd. - Segment focus
            • 12.12 LITE ON Technology Corp.
              • Exhibit 155: LITE ON Technology Corp. - Overview
              • Exhibit 156: LITE ON Technology Corp. - Business segments
              • Exhibit 157: LITE ON Technology Corp. - Key offerings
              • Exhibit 158: LITE ON Technology Corp. - Segment focus
            • 12.13 Lumileds Holding BV
              • Exhibit 159: Lumileds Holding BV - Overview
              • Exhibit 160: Lumileds Holding BV - Product / Service
              • Exhibit 161: Lumileds Holding BV - Key offerings
            • 12.14 Nichia Corp.
              • Exhibit 162: Nichia Corp. - Overview
              • Exhibit 163: Nichia Corp. - Product / Service
              • Exhibit 164: Nichia Corp. - Key offerings
            • 12.15 Samsung Electronics Co. Ltd.
              • Exhibit 165: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 166: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 167: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 168: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 169: Samsung Electronics Co. Ltd. - Segment focus
            • 12.16 Seoul Semiconductor Co. Ltd.
              • Exhibit 170: Seoul Semiconductor Co. Ltd. - Overview
              • Exhibit 171: Seoul Semiconductor Co. Ltd. - Product / Service
              • Exhibit 172: Seoul Semiconductor Co. Ltd. - Key offerings
            • 12.17 Sharp Corp.
              • Exhibit 173: Sharp Corp. - Overview
              • Exhibit 174: Sharp Corp. - Business segments
              • Exhibit 175: Sharp Corp. - Key news
              • Exhibit 176: Sharp Corp. - Key offerings
              • Exhibit 177: Sharp Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 178: Inclusions checklist
                • Exhibit 179: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 180: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 181: Research methodology
                • Exhibit 182: Validation techniques employed for market sizing
                • Exhibit 183: Information sources
              • 13.5 List of abbreviations
                • Exhibit 184: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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