LED Lighting Market in South Korea 2015-2019
About LED Lighting
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.
Technavio's analysts forecast the LED lighting market in South Korea to grow at a CAGR of 22.99% over the period 2014-2019.
Covered In This Report
The report covers the present scenario and the growth prospects of the LED lighting market in South Korea during the period 2015-2019. Based on application, the market is segmented into three: general lighting, backlighting, and automotive lighting.
Technavio's report, LED Lighting Market in South Korea 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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