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Global LED Market 2016-2020

About the LED Market

LED lights are rapidly gaining traction among consumers due to their multiple benefits. They are preferred over other lights such as incandescent lights and compact fluorescent lights (CFLs), because of their energy efficiency. LEDs consume up to 75% less energy than other bulbs and have longer lifespans — 60,000 hours compared to 1,500 hours from incandescent bulbs and 8,000 hours from CFLs. LEDs are also known as green lighting systems because of their energy-efficient features. The energy efficiency of LED lights is driving growth in the global LED market. In addition, the need for low electricity consumption and growing awareness of green technology have made manufacturers focus on energy-efficient and eco-friendly lights. Governments are also taking up multiple projects and providing subsidies in order to promote LED lights.

Technavio’s analysts forecast the Global LED Market to grow at a CAGR of 15% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the Global LED Market for 2016-2020. The market size is calculated on the basis of revenue generated from four segments: general lighting, backlighting, automotive lighting, and others.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global LED Market 2016-2020, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cree
  • GE Lighting
  • LG Innotek
  • Lumileds
  • Nichia
  • OSRAM
  • Samsung Electronics
  • Seoul Semiconductor
Other prominent vendors
  • Dialight
  • Eaton
  • Emerson Electric
  • Everlight Electronics
  • Lite-On
  • MLS Electronics
  • Toshiba Lighting and Technology
  • Toyoda Gosei
Market driver
  • Need for low electricity consumption
  • For a full, detailed list, view our report
Market challenge
  • Introduction of flip chip LEDs
  • For a full, detailed list, view our report
Market trend
  • Reduction in price of LED components
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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?


Press Release

Technavio Announces the Publication of its Research Report – Global LED Market 2016-2020

Technavio recognizes the following companies as the key players in the Global LED Market: Cree, GE Lighting, LG Innotek, Lumileds, Nichia, OSRAM, Samsung Electronics, and Seoul Semiconductor.

Other Prominent Vendors in the market are: Dialight, Eaton, Emerson Electric, Everlight Electronics, Lite-On, MLS Electronics, Toshiba Lighting and Technology, and Toyoda Gosei.

Commenting on the report, an analyst from Technavio’s team said: “A major trend contributing to market growth is the reduction in price of LED components. A fall in the demand for LED products for backlighting has led to a decline in the average selling price of LED chips and LED packages. In the second half of 2015, the prices for these products declined and came close to material costs. This resulted in many manufacturers incurring losses. In the short term, manufacturers are compelled to lower LED prices.”

According to the report, a key growth driver in the LED market is the need for lower electricity consumption. LEDs use at least 75% less energy and last 25 times longer than incandescent bulbs. With growing awareness of the need for green technology, manufacturers have started focusing on energy-efficient and eco-friendly lights.

Further, the report states that one challenge that could restrict market growth is the introduction of flip chip LEDs."

Companies Mentioned

Cree, GE Lighting, LG Innotek, Lumileds, Nichia, OSRAM, Samsung Electronics, Seoul Semiconductor, Dialight, Eaton, Emerson Electric, Everlight Electronics, Lite-On, MLS Electronics, Toshiba Lighting and Technology, Toyoda Gosei.

  • Executive summary
    • Highlights
  • Scope of the report
    • Definition
    • Scope
      • Table Segmentation of global LED market
    • Base year
    • Geographical segmentation
      • Table Key regions covered
    • Common currency conversion rates
      • Table Standard currency conversion rates
    • Top vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Industry overview
    • Table LED lighting industry
  • Technology landscape
    • Comparison between bulb types
      • Table Light output of LEDs, incandescent bulbs, and CFLs
      • Table Efficiency and cost of LEDs, incandescent bulbs, and CFLs
    • Cost benefit analysis for LED and incandescent bulbs
      • Table Cost comparison for LED and incandescent bulbs
  • Market landscape
    • Market size and forecast
      • Table Global LED market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global LED market by application
      • Table Global LED market by application 2015 (% share)
    • Market size and forecast
      • Table Global LED market by application 2015-2020 (% share)
      • Table Global LED market by application 2015-2020 ($ billions)
    • LED market in general lighting segment
      • Table LED market in general lighting segment 2015-2020 ($ billions)
    • LED market in automotive lighting segment
      • Table LED market in automotive lighting segment 2015-2020 ($ billions)
      • Table Automotive LED lighting segment 2015 (% share)
      • Table Automotive LED lighting segment 2020 (% share)
    • LED market in backlighting segment
      • Table LED market in backlighting segment 2015-2020 ($ billions)
    • LED market in others segment
      • Table LED market in others segment 2015-2020 ($ billions)
  • Geographical segmentation
    • Global LED market by geography
      • Table Global LED market by geography 2015 (% share)
      • Table Global LED market by geography 2015-2020 (% share)
      • Table Global LED market by geography 2015-2020 ($ billions)
    • LED market in APAC
      • Table LED market in APAC 2015-2020 ($ billions)
    • LED market in EMEA
      • Table LED market in EMEA 2015-2020 ($ billions)
    • LED market in Americas
      • Table LED market in Americas 2015-2020 ($ billions)
  • Market drivers
    • Table Japan's 21st Century Lighting Plan
    • Table Degree of urbanization by continent 2015
    • Table First 20 smart cities under India’s Smart Cities Mission
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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