LED Module Global Market 2019-2024 covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market. Global LED Module Market report provides strategists, marketers and senior management with the critical information they need to assess the global LED Module sector.
The market size section gives the LED Module market revenues, covering both the historic growth of the market and forecasting the future.
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About LED Module Industry
Osram, Philips Lighting and Cree captured the top three production value share spots in the LED Module market in 2016. Osram dominated with 10.28% production value share, followed by Philips Lighting with 7.24% production value share and Cree with 6.49% production value share.
General Lighting is the largest lighting market, with total market revenues of approximately $ 4271.72 million in 2015, representing close to 82.35% of LED modules application market.
Over the last decade, the Chinese government largely supported the local LED industry through massive financial subsidies, incentives, and resources to improve domestic LED companies manufacturing capacity. China has become the world’s largest LED lighting manufacturing base, but local manufacturers are still very dependent on international manufacturers for certain upstream MOCVD equipment and materials. Hence, future Chinese policies will encourage innovation, and focus on upstream raw materials, for example wide bandgap semiconductor development, or smart lighting applications following the emergence of the Internet of Things (IoT).
LED backlight market demands fell short of expectations, which caused sliding ASP of LED chips and LED package. Previously, only a few manufacturers highlighted their flip chip LEDs as a major product, due to low yield rates, production costs and other technology challenges. However, starting in 2014, more Taiwanese and Korean manufacturers started to invest in flip chip LED technology R&D, which improved the product quality and made financial benefits more evident. The automotive lighting market is growing steadily.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Despite the presence of competition problems, due to the global recovery trend is slightly, investor are still optimistic about this area; the future will still have more new investment enter the field.
The worldwide market for LED Module is expected to grow at a CAGR of roughly 4.8% over the next five years, will reach 6170 million US$ in 2024, from 4670 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the LED Module in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The overviews, SWOT analysis and strategies of each vendor in the LED Module market provide understanding about the market forces and how those can be exploited to create future opportunities.
Key Players in this LED Module market are:–
Edison Opto Corporation
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Important application areas of LED Module are also assessed on the basis of their performance. Market predictions along with the statistical nuances presented in the report render an insightful view of the LED Module market. The market study on Global LED Module Market 2018 report studies present as well as future aspects of the LED Module Market primarily based upon factors on which the companies participate in the market growth, key trends and segmentation analysis.
Application of LED Module Market are:
Product Segment Analysis of the LED Module Market is:
High Voltage LED Driver Module
Low Voltage LED Driver Module
Medium Voltag LED Driver Module
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This research report consists of the world’s crucial region market share, size (volume), trends including the product profit, price, Value, production, capacity, capability utilization, supply, and demand and industry growth rate.
Geographically this report covers all the major manufacturers from India, China, USA, UK, and Japan. The present, past and forecast overview of LED Module market is represented in this report.
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Key Highlights of the Report:
• Historical data of Global LED Module Market for the Period 2015-2017
• Market Size & Forecast of Global LED Module Market until 2024
• Historical data of European LED Module Market for the Period 2015-2017
• Market Size & Forecast of European LED Module Revenue Market until 2024
• Historical data of North America LED Module Market for the Period 2015-2017
• Market Size & Forecast of North America LED Module Revenue Market until 2024
• Historical data of Asia & Pacific LED Module Market for the Period 2015-2017
• Market Size & Forecast of Asia & Pacific LED Module Revenue Market until 2024
• Historical data of Middle East & Africa LED Module Market for the Period 2015-2017
• Market Size & Forecast of Middle East & Africa LED Module Revenue Market until 2024
• Market Drivers and Restraints
• Players Market Share
• Key Strategic Pointers
The report offers the market growth rate, size, and forecasts at the global level in addition as for the geographic areas: Latin America, Europe, Asia Pacific, North America, and Middle East & Africa. Also it analyses, roadways and provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading market players within the LED Module market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users.
In this study, the years considered to estimate the market size of LED Module Market are as follows:-
- History Year: 2013-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2024
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