Market Overview

Global LED Market 2018-2022| Luminaires Segment Dominates the Global Market| Technavio


According to the latest market research report released by Technavio,
the global LED market is expected to accelerate at a CAGR of almost 16%
during the forecast period. The declining manufacturing cost of LEDs is
one of the key factors triggering the growth of the market.

This press release features multimedia. View the full release here:

Technavio has published a new market research report on the global LED market from 2018-2022. (Graph ...

Technavio has published a new market research report on the global LED market from 2018-2022. (Graphic: Business Wire)

This research report titled ‘Global
LED Market 2018-2022
' provides an in-depth analysis of the
market in terms of revenue and emerging market trends. It also includes
an up-to-date analysis and forecasts for various market segments and all
geographical regions.

This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing

The market research analysis categorizes the global LED market into the
following products:

  • Luminaires
  • Lamp

In 2017, the luminaries segment accounted for more than 75% share of the
global market and is projected to decline to 73% by 2022, exhibiting
almost 2% decrease in market share. This decline is due to the
increasing use of lamps in the industrial setup.

Global LED market: Top emerging trend

The growing number of households and urbanization is an emerging trend
in the LED market. The rise in urbanization is driving the installation
of new lamps and LED luminaires, which, in turn, will lead to an
increase in unit shipments and thereby boosting the demand for LED
products. The LED market in China is expected to witness a high growth
due to the swelling demand for luxury homes and high-end residential
societies, which is expected to accelerate the demand for LED lamps and
luminaries. Besides China, Southeast Asian countries such as Singapore,
Malaysia, and Thailand are also observing a high demand for LED
lighting, as the economies of these nations grow. All these factors are
expected to boost the growth of the LED market during the forecast

Looking for more information on this market? Request
a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Technavio's report provides expert market research on the following

Executive Report

  • Market Outline
  • Global LED Market Overview

Market Insights

  • Market Sizing and Forecasts
  • Market Growth
  • Market Drivers and Challenges
  • Key Emerging Trends

Market Segmentation Analysis

  • Regional comparison (APAC, Americas, and EMEA)
  • Key leading countries (India and China)
  • Market segmentation by product (luminaires and lamp)
  • Market segmentation by application (general lighting, backlighting,
    and automotive lighting)

Vendor Landscape

  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
  • Analysis of top vendors (OSRAM, Cree, GENERAL ELECTRIC, LG INNOTEK,
    and Lumileds Holding)

About Technavio

is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio's comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team

View Comments and Join the Discussion!