Latest Technology Of Light Emitting Diodes (LED) Asia-Pacific Market Research Report, 2014–2020

Light emitting diodes (LED) are basic components used in a variety of devices such as smartphones, medical instruments and automobiles. Earlier the application of LED was restricted to certain lighting requirements and had not entered the conventional applications in general lighting. However, the recent applications of LED as general lightings has boosted the market. In the coming years, LED is expected to capture the conventional CFL and CCFL lighting market due to advanced features and higher performance. Moreover, it is a more effective solution for all lightings, as well as other application purposes such as backlighting in large screen displays, non-backlight displays (OLED) and many others.

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Apart from the aforementioned benefit, the initial cost of LED lighting is comparatively high which restricts its acceptance. However, considering the longer product life offered by LEDs, the overall long term cost of the same is found to be very low in comparison to CFLs. In coming years, the consumers will gain awareness regarding the benefits of the longer product life of LED lamps and would accelerate the adoption rate of LED lamps. Growing display and large screen backlighting applications, falling cost of LED lamps, longer life span and high efficacy of LED are key factors that drive the market.

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The APAC LED market is expected to grow at a double digit rate during the forecasted period. Flourishing real estate industry, favorable government initiatives and increased funding for high efficiency lighting along with the continuous replacement of existing outdoor lighting, is expected to drive the market dynamically. The Asia pacific region would go on to become a principal consumer of LED products and should become a major supplier for LED chips and packages, supplemented with the rising demand of product and components.