Deerfield Beach, FL -- (SBWIRE) -- 03/08/2016 -- Light emitting diodes (LED) are the basic components used in variety of applications. The application of LED, in the initial days was limited to certain specific lighting needs and had not entered the mainstream general lighting applications. Entrance of LED in applications such as general lightings has given a strong thrust to the lightings market. LED is expected to supersede the conventional CFL and CCFL lighting market due to its advanced features. CCFL and CFL are the key products to be replaced by LED.. LED is a cost effective solution for conventional lighting applications such as CFL. The ability of OLED to be used in displays without the need for backlights makes it a possible replacement to LED backlit displays. The initial cost of LED lighting is very high and this is restricting its initial acceptance. However, considering the longer lifespan offered by LEDs, the overall cost of the same is found to be very low when compared to CFLs.

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Over the years, consumers will gain awareness regarding the benefits of longer lifespan of LED lamps and eventually would lead to a widespread adoption of LED lamps. Growing display and large screen backlighting applications, falling cost of LED lamps, longer life span and high efficacy of LED lamps are key factors propelling the market. A variety of technologies are implemented in manufacturing of LED products. Chips and components are the basic materials assembled to manufacture the final lamp product. Companies dealing in this market are strategically diverse as they deal at various levels of the LED value chain. Some just manufacture LED chips and components, some are involved in manufacturing of lamps and luminaries and others might be involved in all of these processes and deliver final product to the consumers. Falling price of LEDs is one factor that may limit the growth of the market; however, growing demand in newer application areas would eventually propel the market growth.KEY BENEFITS

The study provides an in-depth analysis of the global LED market with current and future trends to elucidate the imminent investment pockets in the market

Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market

Quantitative analysis of the current market and estimations through 2013-2020 are provided to showcase the financial caliber of the market

Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market

Porters Five Forces model and SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the market

Value chain analysis in the report provides a clear understanding of the roles of stakeholder involved in the value chain

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KEY MARKET SEGMENTS

Global LED Market by Technology

Basic LED
High Brightness LED
Organic LED
Ultra violet LED
Polymer LED

Global LED market by Applications

Automotive
General Lighting
Mobile Device
Signal and Signage
Others
Healthcare
Forensic
Academic and Research

Global LED Market by Geography

North America
Europe
Asia Pacific
LAMEA

Key Audiences

Lighting Companies
Automobile companies
Display device manufacturers
OEM (mobile devices)
LED chip manufacturers
LED component manufacturers
Government Organizations

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