LED Manufacturing in the US - Industry Market Research Report

LED Manufacturing in the US - Industry Market Research Report

  • June 2019 •
  • 32 pages •
  • Report ID: 5782802 •
  • Format: PDF

Bright light: Heavy research and development investment has supported industry revenue growth

Abstract

LED Manufacturing
The LED Manufacturing industry has broadly expanded over the five years to 2019, primarily as a result of several positive trends and economic influences. In recent years, the industry has invested heavily in research and development (R&D) to create LEDs that are brighter and more energy efficient than their predecessors. Growing interest in energy-efficient products generally benefits the industry by increasing demand for LEDs as a low-energy alternative to regular lighting. Over the five years to 2019, an increasing number of LEDs were integrated into downstream lighting products that were sold to businesses or included in other consumer items. Furthermore, as the value of nonresidential construction has increased during the current period, demand for LEDs has generally risen as well. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue rising, although import competition is anticipated to strengthen as revenue growth slows

This industry manufactures light-emitting diode (LEDs) chips and components. An LED chip is a solid-state light source that is long-lasting and energy-efficient. LEDs are used as indicator lamps in many devices, and they are increasingly used for lighting and consumer electronics. The industry does not include LED fixtures, luminaires and tertiary products.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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