This global market research segments the LED production equipment market by product (front-end equipment and back-end equipment) and by geography (APAC, EMEA, Americas). The report also provides an analysis of the key trends and vendors, including Aixtron, Taiyo Nippon Sanso, and Veeco Instruments.
Technavio’s market research analysts estimate the global LED production equipment market, to grow at a CAGR of around 6% between 2015 and 2019. Increasing government support for the production and sale of light-emitting diode (LEDs), declining prices of LED lights and lighting fixtures, and increasing demand for LEDs from the residential sector are some of the significant factors, boosting the demand for LED production equipment. APAC occupies more than 88% of the total market share, owing to the presence of prominent vendors in this region
The new market research report from Technavio provides a breakdown and analysis of the LED production equipment segments by technology.
“Of late, the LED manufacturers are focusing on the capacity expansion of LEDs. Due to the high global demand for LEDs, several existing LED facilities are planning to increase their production capacities. This helps the vendors to sustain themselves in the market as the expansion of production capacities will help them to cater to the increasing demand from customers,” says Sunil Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research
The market research analysts estimate the back-end equipment segment to account for more than 61% of the total market share by 2019. Recent increase in the number of LED manufacturers is a critical factor that promotes the prospects for growth in this segment during the forecast period. The back-end LED production equipment includes LED packaging, luminaire assembly and test and inspection.
The key vendors in the global LED production equipment market Aixtron, Taiyo Nippon Sanso, and Veeco Instruments. This market is moderately competitive and is dominated by a few large vendors like Aixtron. Vendors in this market compete on the basis of factors like innovative technological features, price, reputation, distribution, and global brand presence. New vendors that enter this market are expected to rapidly gain traction as they have the ability to competitively price their products.
A more detailed analysis is available in the Technavio report, Global LED Production Equipment Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- LED Components Market in Japan 2015-2019
- Global LED Chip Market 2015-2019
- LED Component Market in Taiwan 2015-2019
- LED Lighting Market in South Korea 2015-2019
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