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Global packaged GaN LED market to grow at a CAGR of 8.02 percent over the period of 2013 to 2018 just published

Packaged GaN LEDs are a type of LEDs that have an encapsulation made of an optical lens, bonding wire, electrode, and resin. Packaged GaN LEDs were invented in Japan by Nichia in 1993 and were made available in the market in the late 1990s.

These LEDs are widely used for general lighting applications in residential complexes, offices, retail stores, hospitals, and industries, and also used for outdoor lighting applications. Compared to other types of LEDs, packaged GaN LEDs have some unique advantages including high luminosity and power efficiency.

However, their main disadvantage is the high cost compared to standard LEDs.

Global Packaged GaN LED market Make an Inquiry about this news to grow at a CAGR of 8.02 percent over the period 2013-2018.

One of the key trends driving the market is the declining average selling price of LED light bulbs, which is expected to increase their adoption in various general lighting applications, predominantly in the residential sector.

“There is increased demand for LED products and packaged GaN LEDs across a wide range of application segments. The need for packaged GaN LEDs in general lighting applications, particularly in the residential sector, is increasing at a rapid pace,”.

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Covered in this Report

This report covers the present scenario and the growth prospects of the Global Packaged GaN LED market for the period 2014-2018. In terms of application, the Global Packaged GaN LED market can be segmented into five: Cellphone Applications, Digital Signage Applications, General Lighting Applications, TV Applications, and Other Applications.

Global Packaged GaN LED Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Packaged GaN LED market landscape and its growth prospects in the coming years.

The report includes a discussion of the key vendors operating in this market.

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To define the market conditions in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

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