LED Displays, Lighting and Fixtures Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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LED Displays, Lighting and Fixtures Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Technology & Media | PPT format

Report Digest

LED Displays, Lighting and Fixtures Market : Snapshot

 The global LED displays, lighting and fixtures market is majorly driven by the power efficiency and high picture quality offered by these LED lightings. The heightened awareness about the need to conserve energy will ensure the continued demand for LED displays, lighting, and fixtures. The growing awareness about the high energy efficiency provided by LED displays, lighting, and fixtures is expected to boost their demand. Moreover, these lightings have longer lifespan fueling their adoption. The growing construction of green buildings will further the growth of this market. The retrofitting of existing buildings so as to make them green, will further propel the demand for LED displays, lighting, and fixtures.

The end-use applications of LED is wide, including PCs, LED TVs, signs, billboard lightings, automotive lighting, and general lighting. LEDs are used extensively in devices as indicator lamps. All these factors are slated to drive the global LED displays, lighting and fixtures market during the forecast period from 2017 to 2025. Players in the global market are striving to achieve product innovation. Thus, extensive investments are being done on research and development by players, especially the leading ones, so as to ensure their string foothold in the market, which is turning more competitive day by day. As the market is fragmented, there exists many players which are estimated to fuel competition further. More and more players are venturing into the global LED displays, lighting and fixtures market as the market is seemingly attractive and has a bright future.

Global LED Displays, Lighting and Fixtures Market: Overview

Light emitting diode (LED) is a semiconductor source of light, the earliest use of it can be traced back to indicator lamps used in electronic devices. This was one of the first instances of replacing the conventional incandescent light bulbs with newer technology. Modern versions of LED displays, lighting, and fixtures are visible across ultraviolet, infrared, and visible wavelengths. They have higher brightness compared to their predecessors, which emitted not better than low intensity red light.

In this report, TMR Research delves into analyzing the various opportunities for the global LED displays, lighting, and fixtures market. It covers the growth drivers and restraints influencing the market’s trajectory and also presents insights into the manufacturing cost structure, supply chain, and investment feasibility.

Global LED Displays, Lighting and Fixtures Market: Trends and Opportunities

Over the last few years, a paradigm shift is witnessed in the global LED displays, lighting, and fixtures market due to the rising concerns about energy conservation and the increasing demand for efficient lighting solutions. LEDs offer several benefits over incandescent lighting such as lower energy consumption, longer lifetime, improved physical robustness, and compact design. Besides these, LED displays also offer high quality images. Spurred by these factors, the demand for LED displays has considerably accelerated in the last few years.

However, the technology is available at a higher price tag and requires more precise heat and current management compared to the compact fluorescent lamp source, which provides similar output. While these are identified as major restraints, the market is also inhibited by the lack of awareness among underdeveloped countries and high initial cost. Nevertheless, as manufacturers gears up for the mass production of LED lighting fixtures, the prices of the same are likely to reduce in the near future thereby providing unique opportunities to the global LED displays, lighting and fixtures market.

Global LED Displays, Lighting and Fixtures Market: Regional Outlook

Among the key regional segments of the global LED displays, lighting and fixtures market, North America is expected to exhibit persistent opportunities. However, over the course of the forecast period Asia Pacific is forecast to report a higher CAGR. The report includes an in-depth discussion of the various factors supporting or inhibiting the market’s trajectory across the key regional segments. Since regulatory standards observed by these countries plays a crucial role in determining the success of any market, the report also presents analysis of their influence on the market for a holistic overview.

Global LED Displays, Lighting and Fixtures Market: Vendor Landscape

Philips Lumileds Lighting Co., Sharp Corporation, and Cooper Lighting Inc. are some of the leading players influencing the market forces prevalent in the global LED displays, lighting, and fixtures market. Hence the report also includes profiles of some of the leading companies operating therein, covering their financial reports, marketing strategies, and their evolution over the past few years.

The report also uses SWOT analysis to determine their strengths and weaknesses. This is an in-depth analysis, which also provides insights into the potential threats and opportunities that the market players may face during the forecast period. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.