Market Research Reports, Inc. has announced the addition of “Global Light Emitting Diodes (LED) Market (Applications, Technology, Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020” research report to its website.
In January 2013, Noblelight acquired Fusion UV, manufacturer of UV LED...
In January 2013, Noblelight acquired Fusion UV, manufacturer of UV LED technology to enhance its UV LED product features. Developed regions, though, are early adopters of the UV LED technology; the healthcare sector in developing regions such as Asia Pacific is also contributing to the growth of the technology. The growing medical tourism and lower cost of treatments will strengthen the adoption of UV LED technology in developing regions.
Foreseeing great environmental benefits and energy saving capabilities government across the globe are implementing LED lighting in most of the public settings. The US government has already started replacing the conventional streetlights with LEDs, which is anticipated to complete by the end of 2014. Such developments are and will be instrument in the growth of the LED technology market. "The growth in revenue will be slower than the rise in unit sales of LEDs due to the constantly declining price of LEDs; however, the overall market would grow at a constant pace due to growing demand for LEDs and expanding applications," states Publisher analyst Ranjan Singh. "Continuous development in the technology suggests huge underlying potential for OLEDs during the forecast period," adds the analyst citing the recent rollouts of OLED mobile handsets by Samsung and Nokia. High brightness (HB) LEDs hold nearly 60% of the market share as it can provide much brighter light with lower voltages as compared to other market alternatives.
The rapid growth in 4K TV segment suggests that HB LED will continue to hold the key to the growth of LED technology market. Major companies such as Samsung SDI and RIT Display are investing substantially on the development of advanced OLED display technologies. Rising application of LED in general lighting has compelled the manufactures to concentrate on the launch of new LED lighting products and expand their production. Osram opened its LED assembly plant in Wuxi, China, to expand its fully loaded LED capacities and also to strengthen its market position in the global LED market.
The company has chosen the plant location in China to capture the highly potential Asian market. The notable players in this space include and profiled in the are American Bright Optoelectronics Corps, Cree Incorporation, International Light Technologies, Ledtronics, Philips Lumileds Lighting Company, Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., OSRAM Licht AG, Nichia, LG Innotek Co Ltd., GE Lighting Solutions and Toyoda Gosei Co., Ltd. Nichia, Samsung, and Osram held nearly 35% share in the global LED market revenue in 2013.
Spanning over 131 pages, “Global Light Emitting Diodes (LED) Market (Applications, Technology, Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020” report covering the Introduction, Executive Summary, Market Overview, Global LED Market By Technology, 2013-2020, USD Million, Global LED Market By Application, 2013-2020, USD Million, Global LED Market By Geography, 2013-2020, USD Million, Company Profiles.