Market Overview:
The global low current LEDs market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions, rising awareness about the benefits of LED lights, and growing demand for low current LEDs in transportation and automotive applications. The orange segment is expected to account for the largest share of the global low current LEDs market in 2018, followed by red, green, full color, yellow, and blue segments. The transportation application is expected to account for the largest share of the global low current LEDs market in 2018 followed by commercial application.
Product Definition:
An LED is a type of light-emitting diode (LED) that emits light when an electric current passes through it. LEDs are used in a wide variety of applications, including traffic signals, automotive lighting, aircraft lighting, portable electronics, flashlights, and home theater projectors. Low current LEDs are designed to consume less power and have a longer lifespan than traditional LEDs.
Orange:
The orange color is a mixture of both, the red and green colors. The primary reason for its use in low current LEDs is that it has a high proportion of red light to green light. This makes it suitable to be used as an indicator or warning signal for the safety of vehicles or people. It also serves as an effective traffic signal at road junctions and crossroads, which helps in preventing accidents during night time.
Red:
Red is one of the primary colors that can be used in LED lighting. The color of light emitted by an LED changes with different Voltages and currents. The most common way to change the color of light is by using a red filter, as it allows only specific wavelengths through while blocking all others.
Application Insights:
The global low current LEDs market is segmented on the basis of application into transportation, residential, commercial, automotive and industrial. The transportation sector accounted for a major share in 2017 owing to increasing adoption of LED lights as traffic signals and headlights. Government initiatives such as LightSavers program by Philips Lighting are expected to further propel product demand over the forecast period.
The residential sector is anticipated to witness significant growth over the forecast period owing to growing awareness about energy conservation among consumers coupled with rising demand for eco-friendly lighting solutions across various applications including exterior lightings, interior lightings and downlights from brands such as Ikea. Increasing use of LEDs in smart city projects is also projected to drive growth over the coming years.
Commercial applications include corporate offices, retail stores/malls/warehouses/factories etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in demand for LED streetlights, which are replacing incandescent and CFL bulbs. This trend is projected to continue over the next eight years, thereby driving industry growth. Moreover, increasing government spending on infrastructure development across countries such as China and India will boost product demand further.
Europe accounted for a significant share of revenue in 2017 owing to growing adoption of LEDs across major cities including London, Paris, Rome among others. Furthermore, rising investments by governments towards energy saving solutions coupled with stringent regulations imposed by local bodies regarding energy consumption are likely to drive regional market growth over the forecast period.
Growth Factors:
- Increasing demand for low current LEDs in automotive and signage applications
- Growing demand for energy-efficient lighting solutions
- Rising popularity of LED lighting among consumers
- Proliferation of LED lighting fixtures in commercial and residential spaces
- Technological advancements in low current LED technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Current LEDs Market Research Report
By Type
Orange, Red, Green, Full Color, Yellow, Blue
By Application
Transportation, Residential, Commercial, Automotive, Residential
By Companies
Vishay Intertechnology，Inc., Kingbright Company, LLC., LED-TECH.DE optoelectronics, SunLED Company Limited, Foshan NationStar Optoelectronics Co.Ltd, NICHIA CORPORATION, Lumex Inc., Dialight, Hubei KENTO Electronic Stock Corporation, Bridgelux, Inc., Dongguan Zhiding Electronics Technology Co., LTD
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Low Current LEDs Market Report Segments:
The global Low Current LEDs market is segmented on the basis of:
Types
Orange, Red, Green, Full Color, Yellow, Blue
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation, Residential, Commercial, Automotive, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vishay Intertechnology，Inc.
- Kingbright Company, LLC.
- LED-TECH.DE optoelectronics
- SunLED Company Limited
- Foshan NationStar Optoelectronics Co.Ltd
- NICHIA CORPORATION
- Lumex Inc.
- Dialight
- Hubei KENTO Electronic Stock Corporation
- Bridgelux, Inc.
- Dongguan Zhiding Electronics Technology Co., LTD
Highlights of The Low Current LEDs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Orange
- Red
- Green
- Full Color
- Yellow
- Blue
- By Application:
- Transportation
- Residential
- Commercial
- Automotive
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Current LEDs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low current LEDs are LEDs that use less power than traditional LED lights. They are perfect for applications where you need a small amount of light, like in a key chain or on an electronic device.
Some of the key players operating in the low current leds market are Vishay Intertechnology，Inc., Kingbright Company, LLC., LED-TECH.DE optoelectronics, SunLED Company Limited, Foshan NationStar Optoelectronics Co.Ltd, NICHIA CORPORATION, Lumex Inc., Dialight, Hubei KENTO Electronic Stock Corporation, Bridgelux, Inc., Dongguan Zhiding Electronics Technology Co., LTD.
The low current leds market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Current LEDs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low Current LEDs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Current LEDs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low Current LEDs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low Current LEDs Market Size & Forecast, 2020-2028
4.5.1 Low Current LEDs Market Size and Y-o-Y Growth
4.5.2 Low Current LEDs Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Orange
5.2.2 Red
5.2.3 Green
5.2.4 Full Color
5.2.5 Yellow
5.2.6 Blue
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Transportation
6.2.2 Residential
6.2.3 Commercial
6.2.4 Automotive
6.2.5 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Current LEDs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low Current LEDs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Orange
9.6.2 Red
9.6.3 Green
9.6.4 Full Color
9.6.5 Yellow
9.6.6 Blue
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Transportation
9.10.2 Residential
9.10.3 Commercial
9.10.4 Automotive
9.10.5 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Orange
10.6.2 Red
10.6.3 Green
10.6.4 Full Color
10.6.5 Yellow
10.6.6 Blue
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Transportation
10.10.2 Residential
10.10.3 Commercial
10.10.4 Automotive
10.10.5 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Orange
11.6.2 Red
11.6.3 Green
11.6.4 Full Color
11.6.5 Yellow
11.6.6 Blue
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Transportation
11.10.2 Residential
11.10.3 Commercial
11.10.4 Automotive
11.10.5 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Orange
12.6.2 Red
12.6.3 Green
12.6.4 Full Color
12.6.5 Yellow
12.6.6 Blue
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Transportation
12.10.2 Residential
12.10.3 Commercial
12.10.4 Automotive
12.10.5 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Orange
13.6.2 Red
13.6.3 Green
13.6.4 Full Color
13.6.5 Yellow
13.6.6 Blue
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Transportation
13.10.2 Residential
13.10.3 Commercial
13.10.4 Automotive
13.10.5 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low Current LEDs Market: Competitive Dashboard
14.2 Global Low Current LEDs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vishay Intertechnology，Inc.
14.3.2 Kingbright Company, LLC.
14.3.3 LED-TECH.DE optoelectronics
14.3.4 SunLED Company Limited
14.3.5 Foshan NationStar Optoelectronics Co.Ltd
14.3.6 NICHIA CORPORATION
14.3.7 Lumex Inc.
14.3.8 Dialight
14.3.9 Hubei KENTO Electronic Stock Corporation
14.3.10 Bridgelux, Inc.
14.3.11 Dongguan Zhiding Electronics Technology Co., LTD
