17-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “High Brightness LED Market By Application (Automotive Application, General Lighting, Backlighting, Mobile, Signals & Signage, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global high brightness LED market in 2019 was above USD 15 billion. The market is expected to grow around a CAGR of 5% and is anticipated to reach over USD 25 billion by 2026.
HBLEDs also referred as high brightness LEDs, or high power LEDs, are used for lighting applications. Compare to traditional LEDs, the high brightness LEDs provide higher levels of light. These lights are capable of providing high levels of performance with greater efficiency than other types of lighting technology and a much longer lifespan, although it puts new demands on technology. High brightness LEDs offer several distinct advantages over many other lamp types. HB LED lights are used in several types lighting application such as office, domestic lighting, room lightening, automotive lighting, etc. High-brightness LEDs are designed for display, video screens, and signage. High brightness LED is innovative LED based on semiconductor. It provides longer lifespan, higher brightness, and low power consumption.
Browse the full “High Brightness LED Market By Application (Automotive Application, General Lighting, Backlighting, Mobile, Signals & Signage, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-high-brightness-led-market-by-application-automotive-1193
Increasing needs for energy saving lighting, rising demands for brighter lights at lower voltage is driving the market growth. The strict regulations about energy-saving and increasing demand for green construction and usage of the High brightness LED in different applications such as mobiles, street lighting, signals and signs backlighting, automotive are factors that estimated to surge demand of the high brightness LED worldwide. Furthermore, increasing use of HB-LED light in replacements of traditional light including cars, domestic lighting, and the other factors such as energy-efficient, longer life span than traditional lighting and cost-effectiveness, environment friendly are the factors that expected to propel the market during the upcoming years. However, the performance of the HB LED is depend on ambient temperature, in high temperature the extreme use of HB-LED can cause failure, this factor may restraints the market growth. Additionally, initial high investment in the manufacturing of HB LED may impede the growth of the market. On the other hand, the increasing consumption of the HB LED in various applications, growth in consumer electronics and automotive industry and rising penetration of LED in domestic as well as industrial sectors is expected to create significant opportunities in the HB LED market.
By application segmentation, the general lighting category is expected to contribute the largest market share in the global high brightness LED market attributed to changing consumer preferences towards the high brightening LED from traditional LED and rise in the sale of outdoor lights, replacements lamps. Increasing use of HBLED in the green construction is anticipated to witness huge growth in the HBLED market. On the basis of the region, North America led the market in 2019 and it is anticipated to grow in the future years attributed to reduction in LED components cost and mobile devices shipment.
Top key players operating in the market are Epistar Corp, Cree Inc., Philips Lumileds, Moritex Corporation, Samsung Electronics Co Ltd, Seoul semiconductor, Osram Opto Semiconductor, American Bright Optoelectronics Corps, Nichia Corporation, Toyoda Gosei, and others.
This report segments the high brightness LED market as follows:
Global high brightness LED Market: By Application Segmentation Analysis
Global high brightness LED Market: Regional Segmentation Analysis
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