A Recent Study Shows High Power LED Market Will Make a Huge Impact in Future

1. Research Methodology & Scope of Work High Power LED Market Jan 9th, 2020 © P&S Intelligence. All rights reserved 1

2. The high-power light-emitting diode market is projected to generate $17,581.5 million in 2024, witnessing a 5.3% CAGR during the forecast period (2019–2024). The key factors driving the market are the growing government support for the adoption of LED lights and increasing adoption of energy-efficient lighting solutions. In terms of application, the high-power LED market is classified into general lighting, signs & signals, automotive, backlighting, and others (which include infrared emitter, camera flash lighting, and ultraviolet (UV) LEDs). Get Sample Copy of Report: http://bit.ly/2KmDmjj Among these, the automotive application is expected to grow at a CAGR of 5.4% during the forecast period. This is ascribed to the growing requirement for high- power LED lights in automotive interior and exterior applications, including position lights, ambient lighting, fog lights, headlights, and dashboard lights. On the basis of wattage, the market is divided into 1–2.9 W, 3–4.9 W, 5–10 W, and >10 W. During the forecast period, 5–10 W division is projected to advance at the fastest pace because of the increasing deployment of these LED lights in general lighting applications. Geographically, Asia-Pacific (APAC) is projected to hold a considerable share of the high-power LED market during the forecast period. The primary reason for this is the rising adoption of these LED lights in general lighting applications, majorly in India and China. Furthermore, various smart city projects are in their developmental phase in these countries, which are predicted to create a huge demand for high-power LED lights. For example, in 2012, China introduced a national smart city development project, which will utilize modern technology for building smart cities. © P&S Intelligence. All rights reserved 2

3. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 bulk complementary metal-oxide-semiconductor and fin field-effect transistor. US/Canada Toll-Free: 1-888-778-7886 © P&S Intelligence. All rights reserved 3