LED Components Market in Japan 2015-2019
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.
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:
Technavio Announces the Publication of its Research Report – LED Components Market in Japan 2015-2019
Technavio recognizes the following companies as the key players in the LED Components Market in Japan: Epistar, Everlight Electronics, Huga Optotech and Lite-On Optoelectronics
Other Prominent Vendors in the market are: Kingbright Electronics, Lextar Electronics, Opto Tech, Taiwan Semiconductor Manufacturing and Techcore
Commenting on the report, an analyst from Technavio’s team said: “Vendors are continuously enhancing the lighting technology for LEDs to compete with the OLEDs. This lighting advancement will enable the manufacturers to increase the efficiency and durability for the LED components. The advancement will also increase the features such as voltage, consumption, and conductivity in the end-products. For example, the average luminous efficiency of high-end products is about 150 lm/W. The vendors from other regions have produced over 170 lm/W but the components in Japan are slowly crossing the defined range, leading to the steady growth in the market.”
According to the report, LEDs are energy saving and contain features that enhance sustainability. Hence, the Japanese government has proposed policy incentives to accelerate LED product promotion and encourage the use of LED lighting products. The government has rolled out national policies to provide tax breaks to SMEs on the purchase of energy-saving products leading to growing margins for manufacturers. Also, many local governments, including Tokyo, and Chiyoda, have launched subsidy programs wherein companies purchasing energy-saving products in accordance with the specified standards can apply for grants to install one-fifth of the amount.
Further, the report states that the rising competition from countries such as China is one of the major challenges faced by vendors in the LED component market in Japan.
Epistar, Everlight Electronics, Huga Optotech, Lite-On Optoelectronics, Kingbright Electronics, Lextar Electronics, Opto Tech, Taiwan Semiconductor Manufacturing, Techcore