TechNavio recognizes the following companies as the key players in the Global Packaged GaN LED Market: OSRAM Opto Semiconductors GmbH, Samsung Electronics Co. Ltd., Cree Inc. and Epistar Corp.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”One of the major trends in the Global Packaged GaN LED market is rapid technological advances. The continuous technological advancement has increased the number of applications in which packaged GaN LEDs are used. Furthermore, these advances have enabled packaged GaN LED vendors to deliver high-quality output for customers. The technological advancement has resulted in the development of advanced, compact, and power-efficient packaged GaN LEDs that can be deployed in a wide range of applications. Thus, rapid technological advancement is a positive trend propelling the growth of the Global Packaged GaN LED market.”
According to the report, one of the main drivers in this market is the increased adoption of packaged GaN LEDs in the Lighting segment. Packaged GaN LEDs are used in houses, offices, shops, hospitals, industries, and for outdoor lighting purposes. Packaged GaN LEDs are fast replacing incandescent lamps owing to their higher luminosity and power efficiency.
Further, the report states that one of the main challenges in this market is the demand and supply imbalance of packaged GaN LEDs. The spike in the sales of packaged GaN LEDs in 2010 led to a sharp increase in production by various vendors. This resulted in an oversupply in the subsequent years.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-packaged-gan-led-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research Report “ Global Packaged GaN LED Market 2012-2016
