DUBLIN, Oct. 20, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/rwp86k/global_led_chip) has announced the addition of the "Global LED Chip Market 2015-2019" report to their offering.
The global LED chip market to grow at a CAGR of 12.89% in terms of revenue and 30.20% in terms of unit shipment over the period 2014-2019.
This report covers the present scenario and the growth prospects of the global LED chip market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the global shipments of LED chips for devices such as PCs, smartphones, tablets, notebooks, LED monitors, LCD TVs, automobile, and general lighting devices. The report also includes a discussion of the key vendors operating in this market.
One major trend in this market is the production of laparotomy sponges by textile companies. In the recent past, increasing support of government organizations to lift the LED lighting market has been witnessed. Governments in both emerging and developed economies have been seen issuing regulations to enhance the demand for LED lighting among various industries.
According to the report, one key driver of this market is the Declining ASP per unit of LEDs. Due to increased R&D by the LED and component manufacturers, along with advancement in the processes, the manufacturing cost of LED per kilo lumen has gradually decreased. Due to this the ASP per unit of LED lighting devices has simultaneously gone done.
Further, the report states that one of the major challenges is the emergence of OLED Panels. OLED is a niche and rapidly growing market. OLED panels are large-area lighting panels. The use of organic materials makes OLEDs energy efficient and raises demand for such technology. With better switching time and properties such as flexibility, transparency, and being a color-tunable and environment friendly source of lighting, OLED panels are being adopted fast in the industry.
Other Prominent Vendors
Key Topics Covered:
For more information visit http://www.researchandmarkets.com/research/rwp86k/global_led_chip
Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets
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