It is a cost-effective solution for all lighting as well as other application purposes such as backlighting in large screen displays, non-backlight displays (OLED), and others. Hence, HB-LED is expected to take over the conventional lights, CFL and CCFL lighting market due to advanced features.
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world HB-LED market would reach $29 billion by 2022 from $15 billion in 2015; growing at a CAGR of 10% from 2016 to 2022. High-brightness LEDs (HB-LEDs) are semiconductor-based advanced LEDs with higher luminosity.
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HB-LED is rapidly gaining significance in mobile electronics owing to its benefits such as longer life span, dimmability, and reduced cost of LED components. Moreover, there is a swift rise in display and large screen backlighting market, which further drives the market growth.
However, high initial cost and excessive usage of HB-LED in high temperatures may cause breakdown, as its performance is highly dependent on ambient temperature. Moreover, rise in regulatory concerns regarding energy-saving and increasing green construction are expected to provide ample opportunities for growth.
The HB-LED market is segmented based on application and geography. The application segment is categorized into automotive application, general lighting, backlighting, mobile, signals & signage, and others.
Based on geography, the HB-LED market is studied across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Major companies profiled in the report include Epistar Corp, Cree, Inc., Philips Lumileds, Moritex Corporation, Samsung Electronics Co Ltd, Seoul semiconductor, Osram Opto Semiconductor, American Bright Optoelectronics Corps, Nichia Corporation, and Toyoda Gosei.
KEY BENEFITS FOR STAKEHOLDERS
- Comprehensive analysis of the current trends and future estimations in the global HB-LED market are discussed.
- The report provides a competitive scenario of the market with growth trends, structure, driving factors, scope, opportunities, and challenges.
- A detailed analysis of the key segments provide insights on the market dynamics.
- Porter’s Five Forces analysis highlights the potential of buyers and suppliers and threat of substitutes and new entrants, elucidating the competitive structure of the market.
- Value chain analysis provides key inputs on the role of stakeholders involved at various stages.
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