London, 3 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the global LED chip market 2015-2019, which is expected to grow at a CAGR of 12.89% during the forecast period of 2014-2019.
Source: Technavio Research
The increasing demand for 4k and HD TVs is a critical factor that is expected to augment growth in this market. LEDs are used extensively in the production of televisions that support this technology and are responsible for higher brightness and better clarity of picture. With the increase in demand for 4k televisions, the market for LEDs is also expected to increase as they are the only thing keeping the backlighting market segment alive.
“Quantum dot technology is a next-level display technology which aims at revolutionizing the display industry by enhancing LED usage and making LCD TVs better and more efficient. With quantum dots in the backlight unit, LCD manufacturers can build a better display system,” says Faisal Ghaus, Vice President of Technavio.
“The QD LEDs are the biggest competition to OLEDs, and their enhanced luminance efficiency of up to 30-40%, lower power consumption, low-cost manufacturing, and the capability to design new lighting forms have helped QD LEDs to enter the market and emerge as a success.”
Key Market Drivers:
- Declining ASP per unit of LEDs
- Growing Significance of LED Chips
- Increasing Demand for 4K and HD TVs
- Increasing Demand for LEDs in Automotive Sector
Key Market Trends:
- Increasing Support from Governments in Emerging and Developed Economies
- Emergence of Quantum Dots LED Lighting
- Shift to Large-diameter Sapphire Wafers and Transition to the Purchase of Patterned Sapphire Substrates
Key Market Vendors:
- Cree Inc.
- Epistar Corp.
- Nichia Corp.
- OSRAM Opto Semiconductors GmbH
- Philips Lumileds Lighting Company LLC
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
