Asia Pacific Light Emitting Diodes (LED) Market Overview:
Asia Pacific LED Market (Light Emitting Diodes Market) is expected to garner $35.8 billion by 2020, registering a CAGR of 15.7% during the forecast period 2015-2020. Light emitting diodes (LED) are basic components used in a variety of devices such as smartphones, medical instruments and automobiles. Earlier the application of LED was restricted to certain lighting requirements and had not entered the conventional applications in general lighting. However, the recent applications of LED as general lightings has boosted the market. In the coming years, LED is expected to capture the conventional CFL and CCFL lighting market due to advanced features and higher performance. Moreover, it is a more effective solution for all lightings, as well as other application purposes such as backlighting in large screen displays, non-backlight displays (OLED) and many others.
Apart from the aforementioned benefit, the initial cost of LED lighting is comparatively high which restricts its acceptance. However, considering the longer product life offered by LEDs, the overall long term cost of the same is found to be very low in comparison to CFLs. In coming years, the consumers will gain awareness regarding the benefits of the longer product life of LED lamps and would accelerate the adoption rate of LED lamps. Growing display and large screen backlighting applications, falling cost of LED lamps, longer life span and high efficacy of LED are key factors that drive the market.
The APAC LED market is expected to grow at a double digit rate during the forecasted period. Flourishing real estate industry, favorable government initiatives and increased funding for high efficiency lighting along with the continuous replacement of existing outdoor lighting, is expected to drive the market dynamically. The Asia pacific region would go on to become a principal consumer of LED products and should become a major supplier for LED chips and packages, supplemented with the rising demand of product and components.
The falling price of LEDs is one factor that may limit the growth of this market; however, the growing demand in newer applications areas would over run this restraint and propel the market growth.
Manufacturers should focus on developing tailored products to address the unique needs and preferences of the market that are anticipated to rise in future.
Companies operating in this market are strategically diverse as they deal with different operations in the LED value chain. Key players in the LED market are Samsung Electronics Co. Ltd, Seoul Semiconductor Co. Ltd, Philips Lumileds Lighting Company, Cree Incorporation, Nichia Corporation and OSRAM Licht AG contributing major revenue for this region.
- Current and future trends adopted by the key market players are highlighted to determine overall competitiveness of the market
- Porters Five Forces analysis and SWOT analysis of the key market players are provided to illustrate the business strategies adopted by buyers and suppliers
- The technology-effective drivers and opportunities are highlighted to describe the top factors responsible for the market growth
- Various operating segments of the APAC LED market are carefully analyzed to measure the potential of the market
- The quantitative analysis of the market through 2014-2020 is provided to elaborate the market potential
ASIA PACIFIC LIGHT EMITTING DIODES MARKET KEY SEGMENTS
BY PRODUCT TECHNOLOGY
- Basic LED
- High Brightness LED
- Organic LED
- Ultra Violet LED
- Polymer LED
- General Lighting
- Back Lighting
- Mobile Devices
- Signal and signage
- Academic & Research
- South Korea
- Rest of Asia-Pacific
- Samsung Electronics Co. Ltd.
- Cree Incorporation
- Seoul Semiconductors Co. Ltd.
- OSRAM Licht, AG
- Nichia Corporation
- LG Innotek Co. Ltd.
- GE Lighting Solutions
- Toyoda Gosei Co. Ltd.
- Philips Lumileds Lighting Company
- Panasonic Corporation