High Brightness (HB) LED Market Competitors Growth Report, Size, Share and Rising Demand Forecast 2025
The Report provides an in-depth assessment of High Brightness (HB) LED Market, including key market trends, future technologies, industry drivers, challenges, regulatory policies and strategies.
May 23, 2021 /MarketersMedia/ —
High-brightness (HB) LED market is favoured with a variety of applications including Backlight TV/Monitor, mobile sign (used in signalling devices and advertising panels), automotive and lighting. A highly revolutionizing market environment is witnessing the replacement of conventional lamps with High-brightness LED bulbs attributed to higher efficiency improved quality pf the product. The quality life is considered to be longer than the conventional counterparts. Increasing awareness and focus on conservation of energy is particularly boosting the growth of the HB LED market as they are observed to be one of the most energy efficient alternatives ensuring saving of almost 50% to 70% thus encouraging the growth of the HB LED products.
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The major environmental factor successfully encouraging the growth of the global HB LED market is that the utilisation of high-brightness LED bulbs is expected to reduce carbon-emission significantly. Furthermore, the extended life span of the HB LED bulbs reduces the replacement cost coupled with maintenance cost. The easy installation of HB LED bulbs in remote and inaccessible locations is expected to spurge the demand for the market enhancing the opportunistic growth. The HB LED market is also witnessing constant advancements in the overall product performance with manufacturers looking forward to lower the global HB LED market pricing strategically increasing the demand over the future. Along with this, heat sensitive applications of the HB LED market are on the rise particularly in textile and food illumination.
However, the HB LED market also strenuously deals with certain product limitations such as high dependency on ideal temperature. For instance, when these devices are over-used in higher temperature environment, the LED package is highly susceptible to overheat and could cause failure. They are also restricted by the dependence of certain equipments such as requirement of adequate heat sinks when used in automotive, medical and military sector. Nonetheless, the growing demand for HB LED bulbs in the lighting applications is considered to propel the growth of the market. Also, the applications of the HB LED market in the Mobile industry is expected to grow substantially over the future.
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Asia Pacific houses a humungous HB LED market growth. Developing and developed countries are major invested in developing products with lesser energy consumption and are taking initiatives in conservation energy campaigns. Countries like Japan, U.S. and China are advertising the adoption of LED technology as a means to eradicate excess energy consumption. Multiple government initiatives are encouraging the industries to adopt HB LED devices with an objective of energy conservation. North America dominates the HB LED market with largest market acceptance and adoption of LED devices replacing the conventional products almost completely with highly advancing industrial nature augmenting the growth of market further. Advancing, automotive sector is also implementing innovative and energy preserving products which enhances the demand for HB LED market.
American Bright Optoelectronics Corps, Cree, Inc., Philips Lumileds, Moritex Corporation, Samsung Electronics Co Ltd, Osram Opto Semiconductor, Epistar Corp, Nichia Corporation, Toyoda Gosei, Seoul semiconductor and others are the leading players present within the global high brightness (HB) LED market.
Key segments of the global high brightness (HB) LED market
Application Overview, 2015-2025 (USD million)
• Automotive
• General Lighting
• Consumer Electronics
• Signals and Signage
Regional Overview, 2015-2025 (USD million)
• North America
• Europe
• Asia Pacific
• Latin America & Middle-East Africa (LAMEA)
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