Market Analysis Report High-Brightness LED Market

Your Catalyst to a Lucrative Business Increasing consumption of HB LEDs in 4K TVs coupled with the growing sales of these products is anticipated to drive the market over the next few years. Browse Details of Report @ https://www.hexaresearch.com/research-report/high-brightness-hb-led-market Automotive is expected to exhibit the fastest growth over the forecast period at a 10.2% CAGR from 2017 to 2024. Although LEDs have penetrated the automotive market, HB LEDs are increasingly used as a safety measure for visibility along with reducing the power consumption. Increasing production of automobiles is expected to propel the sales of these lighting solutions over the next few years. Keeping these driving factors in mind, companies are ramping up their production capacity as well as seeking out new joint ventures to improve their distribution system. For instance, in March 2017, Samsung signed a MoU with Elec-Tech International (H.K) Co, Ltd. to leverage the latter’s technology and market share in China. On the other hand, ETi is likely to benefit from Samsung’s patent protection and brand strength. As the demand for high-brightness LEDs has been growing, it has led companies to increase their fabs. The LED manufacturing industry has roughly added 100 new fabs in the last five years increasing the tally to 169 fabs worldwide. Hexa Research has segmented the global high-brightness LED market based on application and region: Segmentation by application, 2014 - 2024 (USD Million) • Consumer Electronic • General Lighting • Automotive • Signals and Signage Segmentation by region, 2014 - 2024 (USD Million) • North America • U.S. • Europe • Germany • UK • Asia Pacific • China • India • Rest of the World (RoW) Follow Us:

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