Bright side: Innovative products and demand for energy-efficient lighting will spur modest growth
IBISWorld’s LED Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 15-20
Industry Analysis & Industry Trends
Seeing the light
The LED Manufacturing industry's performance has remained strong, with businesses purchasing more LEDs in order to save on rising energy expenses and invest in products that typically last longer than traditional lighting goods. Revenue growth will continue as firms concentrate on creating LEDs that can be used as substitutes for traditional lighting while keeping final prices down. Still, growing competition from LEDs that are produced abroad will hamper revenue growth prospects and place pressure on profit margins... purchase to read more
What is the LED Manufacturing industry?
This industry manufactures light-emitting diode (LEDs) chips and components. An LED chip is a solid-state light source that is long-lasting and very 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... purchase to read more
Major products in this industry
LED chipsLED components
Examples of brands in this Industry