Yahoo MoviesCOVID-19 Impact & Recovery Analysis- LED Market (2020-2024) | The Declining Manufacturing Cost of LEDs to Boost Growth | Technavio
The LED market is expected to grow by USD 25.78 billion, progressing at a CAGR of almost 13% during the forecast period. Download Free Sample Report
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Technavio has announced its latest market research report titled Global LED Market 2020-2024 (Graphic: Business Wire)
The declining manufacturing cost of LEDs is one of the major factors propelling market growth. However, factors such as high average cost per fixture will hamper market growth.
More details: https://www.technavio.com/report/led-market-industry-analysis
LED Market: Application Landscape
The general lighting segment is witnessing unprecedented demand for LEDs, largely due to the favorable government regulatory framework across the globe for LED lighting.
LED Market: Geographic Landscape
APAC was the largest LED market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing construction market, increasing government investments in infrastructure projects, and the presence of a large number of LED chip and packaging factories will significantly influence LED market growth in this region. 50% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for LEDs in APAC. Market growth in this region will be slower than the growth of the market in North America.
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Companies Covered:
Acuity Brands Inc.
Bridgelux Inc.
Cree Inc.
Eaton Corp. plc
GENERAL ELECTRIC
LG INNOTEK
Lumileds Holding BV
NICHIA Corp.
OSRAM GmbH
Signify Holding.
What our reports offer:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data for 2019, 2020, until 2024
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product placement
Luminaires - Market size and forecast 2019-2024
Lamps - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Application
Market segments
Comparison by Application placement
General lighting - Market size and forecast 2019-2024
Automotive lighting - Market size and forecast 2019-2024
Backlight - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Application
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Acuity Brands Inc.
Bridgelux Inc.
Cree Inc.
Eaton Corp. plc
GENERAL ELECTRIC
LG INNOTEK
Lumileds Holding BV
NICHIA Corp.
OSRAM GmbH
Signify Holding
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201123005801/en/
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