Albany, NY -- (SBWIRE) -- 03/04/2015 -- About LED Lighting

An LED is a semiconductor light source used in various applications such as general lighting, backlighting, and automotive lighting. LEDs are used in exterior as well as interior lighting. LEDs are gaining acceptance because of their efficiency and low cost. LEDs also enhance safety and offer an aesthetic appeal. They are environment-friendly as they reduce energy consumption by up to 40 percent.

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TechNavio's analysts forecast the Global LED Lighting market to grow at a CAGR of 25.89 percent over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global LED Lighting market for the period 2015-2019. The report provides the market share of LEDs used in various lighting applications such as general lighting, automotive lighting, and backlighting in 2014. To calculate and forecast the market size from 2014 to 2019, the report considers the revenue generated from the sales of LEDs across all application segments. The report includes the market share of various application segments under the category of General Lighting and forecasts the share of each segment for the period 2015-2019. The report consists of a detailed study of the market based on geographical segmentation and key leading countries. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

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TechNavio's report, Global LED Lighting Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global LED Lighting market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key Vendors

Cree
GE Lighting
Nichia
Osram Sylvania
Philips Lumileds Lighting

Other Prominent Vendors

Acuity Brands Lighting
ATG Electronics
China Electric
Epistar
Everlight
LED Microsensor NT
LG Innotek
Lighting Science Group
Panasonic
QD Vision
Samsung LED
Seoul Semiconductor
Toshiba Lighting Technology
Toyoda Gosei
Utech LED

Key Market Driver

Declining ASP of LEDs
For a full, detailed list, view our report

Key Market Challenge

Global Economic Fluctuations
For a full, detailed list, view our report

Key Market Trend

Increased Penetration of LEDs
For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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