North America Light Emitting Diode Market – Growth & Forecast (2024

North America Light Emitting Diode Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

A LED is a semiconductor device that emits visible light when an electric current passes through it. An LED consists of two elements such as N-type and P-type semiconductor. Benefits of LEDs include lower power requirement, long life, and high efficiency. Application of LEDs includes indicator lights, fibre optic data transmission, LCD panel backlighting and remote control.

North America Light Emitting Diode Market Segments Size & Growth:

North America Light Emitting Diode Market is expected to increase by an $XX billion by 2024 at a CAGR of XX%. Increasing demand for energy efficient and cost saving lighting, lifespan and government support accelerating the growth of the LED market. Moreover, rising demand for the demand of backlighting, increasing need for energy saving lighting and emerging economies such as China, India, and Others will create a new scope for the LED market. However, less availability and the high cost of raw materials are the estimated to hamper

North America Light Emitting Diode Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

the LED market growth.

North America Light Emitting Diode Market Segments Share:

North America Light Emitting Diode market is segmented into the technology which includes a surface mounted device, LED fixture, conventional LED display and LED lighting. Based on applications, North America Light Emitting Diode market is segmented into LED general lighting market; commercial LED lighting fixture, architectural LED lighting fixture, backlighting, signage, automotive LED lighting, LED street lighting fixture, residential LED lighting fixture, and others. Among the application segment backlighting segment holds the largest share in the global LED market due to the increasing infrastructural activities across the world, mainly focused on residential lighting.

Based on geography, increasing penetration of smartphones and energy savings advantages with lighting systems will further accelerate the market for the LED especially in countries like the U.S, Canada in North America.

North America Light Emitting Diode Market Trends:

Samsung started huge production of 256GB embedded universal flash storage for automotive applications.
The Lumileds opened innovation centre for the growth of automotive, mobile and illumination.
Sports analytics system was developed by Hungarian and American IT professionals of GE for the winter Olympic winter games.
Handrail UV LED the LG Innotek released steriliser.

North America Light Emitting Diode Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

BYD
Amperex Technologies Ltd.
LG Chem
Samsung SDI
Lishen Tianjin

for automotive applications. The

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North America Light Emitting Diode Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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