- The key vendors in the Global Packaged Gallium Nitride Light-emitting Diode Market 2014-2018 are Cree Inc., Epistar Corp., OSRAM Opto Semiconductors GmbH and Samsung Electronics Co. Ltd.
London, 03 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Packaged Gallium Nitride Light-emitting Diode Market 2014-2018. One of the key trends driving the market is the declining average selling price of LED light bulbs, which is expected to increase their adoption in various general lighting applications, predominantly in the residential sector. The Global Packaged GaN LED market is expected to grow at a CAGR of 8.02 percent during the forecast period of 2013-2018.
“There is increased demand for LED products and packaged GaN LEDs across a wide range of application segments. The need for packaged GaN LEDs in general lighting applications, particularly in the residential sector, is increasing at a rapid pace,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions 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.
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