Albany, NY -- (SBWIRE) -- 07/21/2015 -- An LED is a semiconductor light source used for general lighting, backlighting, and automotive lighting. LED lighting is used for exterior as well as interior lighting applications. LED lighting is gaining acceptance because of its efficiency and low cost. It is environment-friendly as it helps reduce energy consumption by up to 40%. In addition, LED light has many advantages over other lighting sources such as high intensity of brightness, high energy efficiency, low-voltage and current requirements, low radiated heat, high reliability, negligible UV rays, long lifespan, and ability to be easily controlled and programmed.

APAC is the major producer of LED components and is home to the four major manufacturing countries: Japan, Taiwan, China, and South Korea. These countries account for an 83% share of the global LED component market.

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Technavio's analysts forecast the LED components market in Japan to grow at a CAGR of 9.3% during the period 2014-2019.

Covered in this Report

In this report, Technavio covers the present scenario and the growth prospects of the LED components market in Japan for the period 2015-2019. To calculate the market size, we considered revenue generated from the shipment of LED components and the amount LED components used to manufacture LED lighting panels in Japan. However, the report does not consider the following:

Value of LED components exported from Japan
LED components that are not supplied to OEMs
LED components used for LED lighting panels sold in the aftermarket

TechNavio's report, LED Components Market in Japan 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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Key Vendors
Epistar
Everlight Electronics
Huga Optotech
Lite-On Optoelectronics

Other Prominent Vendors
Kingbright Electronics
Lextar Electronics
Opto Tech
Taiwan Semiconductor Manufacturing
Techcore

Key Market Driver
Government Support and Incentives for LED Projects
For a full, detailed list, view our report

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Key Market Challenge
Competition from Other Regions
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Key Market Trend
Increased Efficiency
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Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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