Apr 6, 2020   SOURCE: BusinessWire

Global Light Emitting Diode (LED) Market Report 2020 - Identify Growth Segments for Investment - ResearchAndMarkets.com

The "Light Emitting Diode (LED) Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.

The global light emitting diode (LED) market was worth $68.5 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 15.97% and reach $123.89 billion by 2023.

The light emitting diode (LED) market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific was the largest region in the light emitting diode (LED) market in 2019.

Light Emitting Diode( LED) Global Market Report 2020 from the publisher provides the strategists, marketers and senior management with the critical information they need to assess the global light emitting diode( led) market market.

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The light emitting diode market covered in this report is segmented by product type into led lamps and led fixtures. It is also segmented by technology into basic LED, high brightness LED, OLED, polymer and ultra violet LED and by end-user into residential, commercial and industrial.

The harmful effects of LEDs on human health restricts the growth of light emitting diode (LED) market. LEDs uses shortwave light and its prolonged exposure can damage the vision of a person. For instance, in 2019, according to the French Agency for Food, Environmental and Occupational Health & Safety' (ANSES), blue lights used in households, offices, headlights, torches, toys and street lighting can damage the eye's retina, while disturbing biological and sleep rhythms. The report also states that an increased exposure to blue light emitted from LEDs increases the risk for age-related macular degeneration that can cause vision loss in adults. These harmful effects of LEDs negatively impacts the light emitting diode, affecting the market's growth.

Production of LEDs specifically for horticulture is an emerging trend in the light emitting diode (LED) market. Light plays an important role in promoting the plant's growth and LEDs have the capability to control the spectrum of the light provided to the plants irrespective of the season. The LED lights used in horticulture not only promotes growth of the fruits and plants but also enhances flavor, color and yields in a shorter time. For instance, in 2019, Cree Inc., a USA-based manufacturer of lighting class LEDs and lighting products, launched its next generation XLamp XP-E2 photo red (660 nanometer) and far red (730 nanometer) LEDs, to improve crop production under LED lights that helps to provide a unique combination of optical control, light output and high power LED reliability to be used in horticulture.

Key Topics Covered:

1. Executive Summary

2. Light Emitting Diode(LED) Market Characteristics

3. Light Emitting Diode(LED) Market Size and Growth

3.1. Global Light Emitting Diode(LED) Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers of the Market

3.1.2. Restraints on the Market

3.2. Global Light Emitting Diode(LED) Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers of the Market

3.2.2. Restraints on the Market

4. Light Emitting Diode(LED) Market Segmentation

4.1. Global Light Emitting Diode(LED) Market, Segmentation by Product Type:, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

4.2. Global Light Emitting Diode(LED) Market, Segmentation by Technology:, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

4.3. Global Light Emitting Diode(LED) Market, Segmentation by End-user, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5. Light Emitting Diode(LED) Market Regional and Country Analysis

5.1. Global Light Emitting Diode(LED) Market, Split by Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Light Emitting Diode(LED) Market, Split by Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Companies Mentioned

  • OSRAM Licht AG
  • Broadcom Inc.
  • Cooper Industries
  • Cree, Inc.
  • Dialight plc
  • everylight electronics
  • General Electric Company
  • LG Innotek
  • Lumiled holding B.V
  • Mercedes-Benz (Germany)
  • Moritex Corporation
  • Nichia Corporation
  • Phil

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