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Global Light-emitting Diode (LED) Market 2017-2021

About Light-emitting Diode (LED)

LEDs are integral components of semiconductor devices and emit light by means of electro-luminescence. LED lighting products are bundled arrangements of LEDs that provide durable, affordable, and eco-friendly lighting systems. These products do not emit carbon dioxide, making them eco-friendly. Compared with incandescent bulbs, they consume 80% less energy, making them increasingly energy-efficient and affordable for consumers.

Technavio’s analysts forecast the global light-emitting diode (LED) market to grow at a CAGR of 18.46% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global light-emitting diode (LED) market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Light-emitting Diode (LED) Market 2017-2021, 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
  • NICHIA
  • OSRAM
  • Philips Lighting
  • Samsung Electronics
Other prominent vendors
  • Dialight
  • Eaton
  • Emerson
  • Everlight Electronics
  • Lite-On
  • MLS (Forest Lighting)
  • Seoul Semiconductor
  • TOYODA GOSEI
Market driver
  • Favorable policy environment and governmental support
  • For a full, detailed list, view our report
Market challenge
  • Lack of standardization
  • For a full, detailed list, view our report
Market trend
  • Increase in urban population worldwide
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Light-emitting Diode (LED) Market 2017-2021

Technavio recognizes the following companies as the key players in the global light-emitting diode (LED) market: Cree, GE Lighting, LG Innotek, NICHIA, OSRAM, Philips Lighting, and Samsung Electronics.

Other Prominent Vendors in the market are: Dialight, Eaton, Emerson, Everlight Electronics, Lite-On, MLS (Forest Lighting), Seoul Semiconductor, and TOYODA GOSEI.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in urban population worldwide. An important factor contributing to the increasing demand for energy-efficient lighting devices in households is the rising global urban population. Rapid urbanization in the emerging economies, such as the BRICS nations, has led to a rise in living standards of the population. This urban population is well aware of these energy-efficient lighting products.”

According to the report, one driver in the market is favorable policy environment and governmental support. The rapid depletion of natural resources and global warming have generated an indispensable need for energy conservation across the globe. In 2016, lighting applications were estimated to account for more than 20% of global energy consumption. There is an immediate need to reduce this energy consumption, and governments across the globe are focusing on the implementation of favorable policies to promote the use of energy-efficient lighting products. Governments across the globe, those of the established economies like US and UK and emerging economies like China and India, are engaging in the promotion of LED lighting products by providing tax incentives and subsidies on these products.

Further, the report states that one challenge in the market is lack of standardization. Despite the favorable government policy framework for LED lighting across the globe, the specifications for LED lighting differs from country to country. Currently, there is no single standard or set of guidelines for LED lighting that is applicable worldwide. This lack of standardization in the global market generates barriers for international vendors as they need to establish compliance with different standards based on different regions. There is also a lack of industry-wide dimming standards for LED lightings. This can adversely affect the adoption rate of LED lighting products.

Companies Mentioned

Cree, GE Lighting, LG Innotek, NICHIA, OSRAM, Philips Lighting, Samsung Electronics, Dialight, Eaton, Emerson, Everlight Electronics, Lite-On, MLS (Forest Lighting), Seoul Semiconductor, and TOYODA GOSEI.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Market landscape
    • Market overview
      • Table Global LED market: Overview
    • Market size and forecast
      • Table Global LED market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global LED market by application 2016-2021 (% share)
    • Table Global LED market: Revenue trend-line by application 2016-2021 ($ billions)
    • Global LED market by general lighting
      • Table Global LED market by general lighting 2016-2021 ($ billions)
      • Table Global LED market by general lighting: Sub-segmentation 2016-2021 (% share)
      • Table Global LED market by general lighting: Revenue trend-line by sub-segment 2016-2021 ($ billions)
      • Table Global LED market by general lighting: Retail 2016-2021 ($ billions)
      • Table Global LED market by general lighting: Architectural 2016-2021 ($ billions)
      • Table Global LED market by general lighting: Office 2016-2021 ($ billions)
      • Table Global LED market by general lighting: Hospitality 2016-2021 ($ billions)
      • Table Global LED market by general lighting: Industrial 2016-2021 ($ billions)
      • Table Global LED market by general lighting: Outdoor 2016-2021 ($ billions)
      • Table Global LED market by general lighting: Residential 2016-2021 ($ billions)
    • Global LED market by backlighting
      • Table Global LED market by backlighting 2016-2021 ($ billions)
    • Global LED market by automotive lighting
      • Table Global LED market by automotive lighting 2016-2021 ($ billions)
    • Global LED market by others
      • Table Global LED market by others 2016-2021 ($ billions)
  • Market segmentation by product
    • Global LED market by product
      • Table Global LED market by product 2016-2021 (% share)
      • Table Global LED market: Revenue trend-line by product 2016-2021 ($ billions)
    • Global LED market by luminaires
      • Table Global LED market by luminaires 2016-2021 ($ billions)
    • Global LED market by lamps
      • Table Global LED market by lamps 2016-2021 ($ billions)
  • Geographical segmentation
    • Table Global LED market by geography 2016-2021 (% share)
    • Table Global LED market by geography 2016-2021 ($ billions)
    • LED market in APAC
      • Table LED market in APAC 2016-2021 ($ billions)
    • LED market in EMEA
      • Table LED market in EMEA 2016-2021 ($ billions)
    • LED market in Americas
      • Table LED market in Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Rebate per unit: Installation of energy-efficient lighting solutions
      • Table Rebate: Installation of new LED lighting products
      • Table Incandescent, CFL, and LED bulbs: A comparison
    • Market challenges
      • Table Connected bulbs from different manufacturers: A price comparison
      • Table LED fixtures: Installation cost
      • Table BRIC nation import duties: A comparison
  • Market trends
    • Increase in urban population worldwide
    • Declining manufacturing cost of LEDs
      • Table Manufacturing cost of LED 2012-2021 ($/Klm)
    • Demand for intelligent lighting systems
    • Growing number of smart homes worldwide
      • Table Smart homes worldwide 2015-2020 (millions of units)
      • Table Smart homes penetration rate by geography 2015-2020 (%)
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Global LED market: Other prominent vendors
  • Key vendor analysis
    • Cree
    • GE Lighting
    • LG Innotek
    • NICHIA
    • OSRAM
    • Philips Lighting
    • Samsung Electronics
  • Appendix
    • List of abbreviations
  • Explore Technavio

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