Global Light-Emitting Diodes (LEDs) Technologies & Applications Market to Grow at a CAGR of 13.38% During 2015 to 2022 by Market Research Store
The Light-Emitting Diodes (LEDs) market is valued at $22.78 billion in 2015 and is expected to grow at a CAGR of 13.38% to reach $54.89 billion by 2022. The growing demand for energy efficient lighting is the key driving factor for the market growth. The factors that are influencing the market growth include longer lifespan, diminishing costs of LEDs, and increasing backlighting market. However, factors such as high initial costs and lack of awareness are hindering the growth. The opportunity...
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