Consumer & Luxury Goods Market Research News

New report shares details about Asia Pacific's LED market is expected to garner $35.8 billion by 2020

Consumer Market Research

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.

Access the full summary at…ing-diodes-market

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.


Tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

News From

Allied Market Research - Powering Enterprises through Business IntelligenceAllied Market Research
Category: Market Research Publishers and RetailersCompany about: Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market dom ...
This email address is being protected from spambots. You need JavaScript enabled to view it.