High Power LED Market Share, Size and Growth

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The high-power light-emitting diode market is projected to generate $17,581.5 million in 2024, witnessing a 5.3% CAGR during the forecast period (2019–2024). The key factors driving the market are the growing government support for the adoption of LED lights and increasing adoption of energy-efficient lighting solutions.

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1 © PS Intelligence. All rights reserved Research Methodology Scope of Work High Power LED Market Jan 9th 2020

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2 © PS Intelligence. All rights reserved The high-power light-emitting diode market is projected to generate 17581.5 million in 2024 witnessing a 5.3 CAGR during the forecast period 2019 –2024. The key factors driving the market are the growing government support for the adoption of LED lights and increasing adoption of energy-efficient lighting solutions. In terms of application the high-power LED market is classified into general lighting signs signals automotive backlighting and others which include infrared emitter camera flash lighting and ultraviolet UV LEDs. Get Sample Copy of Report: http://bit.ly/2KmDmjj Among these the automotive application is expected to grow at a CAGR of 5.4 during the forecast period. This is ascribed to the growing requirement for high- power LED lights in automotive interior and exterior applications including position lights ambient lighting fog lights headlights and dashboard lights. On the basis of wattage the market is divided into 1 –2.9 W 3 –4.9 W 5 –10 W and 10 W. During the forecast period 5 –10 W division is projected to advance at the fastest pace because of the increasing deployment of these LED lights in general lighting applications. Geographically Asia-Pacific APAC is projected to hold a considerable share of the high-power LED market during the forecast period. The primary reason for this is the rising adoption of these LED lights in general lighting applications majorly in India and China. Furthermore various smart city projects are in their developmental phase in these countries which are predicted to create a huge demand for high-power LED lights. For example in 2012 China introduced a national smart city development project which will utilize modern technology for building smart cities.

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3 © PS Intelligence. All rights reserved bulk complementary metal-oxide-semiconductor and fin field-effect transistor. Disclaimer: PS Intelligence always keeps its customers’ interests at the core while carrying out research activities. PS Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However the information in publications is subject to fluctuations as it is based on primary interviews of officials from various companies or organizations. PS Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in PS Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication but cannot be guaranteed. PS Intelligence does not endorse any product service or vendor depicted in its research publications. All intellectual properties including trademarks and copyrights belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service report or part thereof provided by PS Intelligence can be reproduced republished resold revealed distributed circulated or sublicensed in any medium or form now realized or hereafter become realized including but not limited to all forms of optical-based media magnetic electronic or digital without a written permission from Prescient Strategic Intelligence Pvt. Ltd. Kindly write to: enquirypsmarketresearch.com B-13 Sector – 2 Noida U.P. – 201301 INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886

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