High Brightness LED Market size forecast to reach USD 22 billion by 2023

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High brightness LED market size is projected to be valued at USD 22.46 billion by 2023; as per a new research report by Global Market Insights, Inc. Rising regulatory concerns regarding conservation of energy is expected to propel global HB LED market growth over the forecast period.These devices offer enhanced effectiveness, longer life span, and are robust as compared to incandescent lights. Their life span ranges between 50,000 and 100,000 hours, with energy considerable energy savings over traditional counterparts. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/401

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Fuel Cell Market size worth $25.5bn by 2024
High Brightness LED Market size forecast to reach USD 22
billion by 2023: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
 The lighting segment generated revenue of USD 4.63 billion in 2015 and is forecast to
grow at 6% CAGR. Increasing consumer confidence accompanied by uninterrupted
growing sales of replacement lamps, downlights, industrial and commercial products has
driven segment growth.
 Mobile applications are forecast to grow at a CAGR 5.1% from 2016 to 2023. Increasing
smartphones and related mobile devices demand is forecast to further propel growth
over the coming years.
 Asia Pacific HB LED market is forecast to be the most attractive region and is likely to be
valued at USD over 11 billion by 2023. Availability of low priced components paired with
encouraging Chinese government policies is expected to justify the growth impact across
the region.
Key Insights from High Brightness LED Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
 Europe high brightness LED market is predicted to be driven by the presence of
numerous industries.
 Industry participants are now focusing on strengthening their product portfolio, and
mergers and acquisitions in order to gain competitive advantage. Notable companies
operating in the high brightness LED market include Cree, Broadcom, Samsung
Electronics, Seoul Semiconductor, etc.
Continued…

© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
U.S. high brightness (HB) LED market size, by application, 2012-2023 (USD Billion)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Browse Full Market Research Report On High Brightness LED Market @
goo.gl/izB2v0
Request for a Sample of this Research Report @
https://www.gminsights.com/request-sample/detail/401

© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
 Application Analysis
Lighting application is anticipated to exceed USD 7.4 billion, growing at 6.0% CAGR from
2016 to 2023. The growth can be attributed to increased consumer confidence as well as
continuous increase in sales of downlights, replacement lamps, commercial, outdoor and
industrial products.
 Regional Analysis
Asia Pacific high brightness LED market was valued at over USD 7 billion in 2015 and is
forecast to grow at 5.5% CAGR from 2016 to 2023.Various countries such as Japan,
China, and the U.S are now taking serious initiatives for energy conservation using LED
lighting technology. Europe HB LED market share is forecast to exhibit exponential growth
owing presence of large number of industries across the region.
 Competitive Market Share
Industry participants accumulating high brightness (HB) LED market share include Nichia,
Kingbright Electronic, Broadcom, Cree, and Seoul Semiconductor. Other prominent
industry players encapsulate OSRAM GmbH, Samsung Electronics, Sharp, and Moritex.
360° Analysis

© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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High Brightness LED Market size forecast to reach USD 22 billion by 2023

1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 High Brightness LED Market size forecast to reach USD 22 billion by 2023: Global Market Insights Inc.

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The lighting segment generated revenue of USD 4.63 billion in 2015 and is forecast to grow at 6% CAGR. Increasing consumer confidence accompanied by uninterrupted growing sales of replacement lamps, downlights, industrial and commercial products has driven segment growth.  Mobile applications are forecast to grow at a CAGR 5.1% from 2016 to 2023. Increasing smartphones and related mobile devices demand is forecast to further propel growth over the coming years.  Asia Pacific HB LED market is forecast to be the most attractive region and is likely to be valued at USD over 11 billion by 2023. Availability of low priced components paired with encouraging Chinese government policies is expected to justify the growth impact across the region. Key Insights from High Brightness LED Market :

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Europe high brightness LED market is predicted to be driven by the presence of numerous industries.  Industry participants are now focusing on strengthening their product portfolio, and mergers and acquisitions in order to gain competitive advantage. Notable companies operating in the high brightness LED market include Cree, Broadcom, Samsung Electronics, Seoul Semiconductor, etc. Continued…

5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On High Brightness LED Market @ goo.gl/izB2v0 Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/401

6. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Application Analysis Lighting application is anticipated to exceed USD 7.4 billion, growing at 6.0% CAGR from 2016 to 2023. The growth can be attributed to increased consumer confidence as well as continuous increase in sales of downlights, replacement lamps, commercial, outdoor and industrial products.  Regional Analysis Asia Pacific high brightness LED market was valued at over USD 7 billion in 2015 and is forecast to grow at 5.5% CAGR from 2016 to 2023.Various countries such as Japan, China, and the U.S are now taking serious initiatives for energy conservation using LED lighting technology. Europe HB LED market share is forecast to exhibit exponential growth owing presence of large number of industries across the region.  Competitive Market Share Industry participants accumulating high brightness (HB) LED market share include Nichia, Kingbright Electronic, Broadcom, Cree, and Seoul Semiconductor. Other prominent industry players encapsulate OSRAM GmbH, Samsung Electronics, Sharp, and Moritex. 360° Analysis

High Brightness LED Market size forecast to reach USD 22 billion by 2023

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High Brightness LED Market size forecast to reach USD 22 billion by 2023