TechNavio recognizes the following companies as the key players in the Global LED Chip Market: Cree Inc., Epistar Corp., Nichia Corp., OSRAM Opto Semiconductor GmbH, and Philips Lumileds Lighting Co.
Commenting on the report, an analyst from TechNavio’s team said: “Luminous efficacy refers to the amount of electrical power required to produce a certain intensity of light in lumens per watt. The vendors in the market are attaching more significance to improving luminous efficacy due to the presence of various opportunities to improve luminous efficacy along the value chain. Furthermore, at epitaxy level, one of the key drivers fueling the market is the higher level of sophistication in the MOCVD. Some of the options evaluated by the vendors include more efficient production handling and better choice of layer material, especially the substrate material on which the light-emitting layers are deposited. At a chip level, multiple activities to enhance luminous efficacy are currently being tested. All these activities in the industry will tend to enhance the growth prospects of the market. ”
According to the report, one of the major drivers in this market is the growing significance of LED chips. The LED-based device manufacturers are attaching increasing significance to LED chips. This is because the majority of the product differentiation in LED devices is dependent on the LED chips used as a base for the LED lighting devices. Thus, the importance of LED chips has been increasing in the LED Lighting industry.
Further, the report states that one of the key challenges in the market is the cyclical nature of the industry. The fluctuation in demand from the LED lighting device manufacturers is one of the major factors curtailing the growth in the market as it lowers the profitability of the market. The increasing fluctuations in demand could constrain the market growth during the forecast period.
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/report/global-led-chip-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 market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global LED Chip Market 2012-2016
