Market Overview:
The global packaged GaN LED market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient lighting solutions, rising awareness about the benefits of LEDs over traditional lighting sources, and growing demand for GaN LEDs in digital signage applications. However, high initial costs associated with the adoption of LED technology may restrain market growth to some extent. Based on type, blue light accounted for the majority share of the global packaged GaN LED market in 2017. This segment is expected to maintain its dominance during the forecast period due to increasing demand from cellphone applications and TV applications. Green light is projected to be the fastest-growing type segment during 2018–2030 owing to its growing use in general lighting and digital signage applications.
Product Definition:
Packaged GaN LED is a semiconductor device that emits light when an electric current passes through it. It is made of a material called gallium nitride (GaN), which is a type of semiconductor. LEDs are used in many devices, including smartphones, TVs, and computer monitors.
Blue Light:
The blue light is a part of the electromagnetic spectrum with a wavelength between 400-450 nm. The shorter wavelengths (redder colors) are generally associated with higher temperatures and greater energy levels, while bluer colors represent lower temperatures and more relaxed energy levels. Blue light is used in many applications including LED lighting, LCD screens, computer monitors, etc., whereas red & green colored lights are typically used for biological tissue imaging or blood diagnostics purposes.
Green Light:
Green light is a type of LED lighting that has been gaining popularity in the commercial and residential markets. It is also known as organic light-emitting diode (OLED) green or organic LED, which refers to an emerging class of semiconductor materials based on carbon compounds. The most common types of green LEDs are those manufactured using a combination of C3 and C4 gases, where the former provides red color while latter emits green colors.
Application Insights:
The general lighting applications segment led the global packaged GaN LED market in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to rising demand for high brightness LEDs in streetlightings, traffic signal lightings and other general lighting applications. The growth of this application segment can also be attributed to increasing adoption of smart city initiatives that are aimed at improving urban infrastructure through integrated technological solutions.
The television applications segment is expected witness considerable growth over the forecast period owing to increased production of digital televisions (DTVs). DTVs use a lot more energy than conventional sets, which has resulted in an increase in power consumption by LEDs used as their backlighting units. As a result, manufacturers have been focusing on developing efficient packaged GaN LED products for use as TV backlights or front lights instead of using traditional fluorescent or incandescent lamps with high energy consumption levels.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to growing demand from end-use industries, such as lighting and electronics. In addition, increasing adoption of energy-efficient lighting solutions by consumers is anticipated to propel industry growth over the coming years.
Asia Pacific is projected to be one of the fastest-growing regional markets due to rapid industrialization and rising disposable income levels among consumers in emerging economies, such as China and India. Growing consumer electronics production in these countries will also have a positive impact on industry development during the forecast period.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Technological advancements in LED packaging technology
- Growing demand for LEDs in automotive and signage applications
- Proliferation of Internet of Things (IoT) and smart city initiatives
Scope Of The Report
Report Attributes
Report Details
Report Title
Packaged GaN LED Market Research Report
By Type
Blue Light, Green Light, White Light, Other
By Application
Cellphone Applications, TV Applications, General Lighting Applications, Digital Signage Applications, Other
By Companies
Cree, Osram Opto Semiconductors, Epistar, Samsung Electronics, GE Lighting, LG Innotek, Nichia, Philips Lumileds Lighting, Seoul Semiconductor, Shenzhen GYX Optoelectronics, Cree
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
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Packaged GaN LED Market Report Segments:
The global Packaged GaN LED market is segmented on the basis of:
Types
Blue Light, Green Light, White Light, Other
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
Cellphone Applications, TV Applications, General Lighting Applications, Digital Signage Applications, Other
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:
- Cree
- Osram Opto Semiconductors
- Epistar
- Samsung Electronics
- GE Lighting
- LG Innotek
- Nichia
- Philips Lumileds Lighting
- Seoul Semiconductor
- Shenzhen GYX Optoelectronics
- Cree
Highlights of The Packaged GaN LED 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:
- Blue Light
- Green Light
- White Light
- Other
- By Application:
- Cellphone Applications
- TV Applications
- General Lighting Applications
- Digital Signage Applications
- Other
- 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 Packaged GaN LED 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?
Packaged GaN LED is a type of LED that is packaged in a hermetic package.
Some of the major companies in the packaged gan led market are Cree, Osram Opto Semiconductors, Epistar, Samsung Electronics, GE Lighting, LG Innotek, Nichia, Philips Lumileds Lighting, Seoul Semiconductor, Shenzhen GYX Optoelectronics, Cree.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Packaged GaN LED 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 Packaged GaN LED Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Packaged GaN LED 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 Packaged GaN LED 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 Packaged GaN LED Market Size & Forecast, 2020-2028
4.5.1 Packaged GaN LED Market Size and Y-o-Y Growth
4.5.2 Packaged GaN LED 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 Blue Light
5.2.2 Green Light
5.2.3 White Light
5.2.4 Other
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 Cellphone Applications
6.2.2 TV Applications
6.2.3 General Lighting Applications
6.2.4 Digital Signage Applications
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Packaged GaN LED 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 Packaged GaN LED 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 Blue Light
9.6.2 Green Light
9.6.3 White Light
9.6.4 Other
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 Cellphone Applications
9.10.2 TV Applications
9.10.3 General Lighting Applications
9.10.4 Digital Signage Applications
9.10.5 Other
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 Blue Light
10.6.2 Green Light
10.6.3 White Light
10.6.4 Other
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 Cellphone Applications
10.10.2 TV Applications
10.10.3 General Lighting Applications
10.10.4 Digital Signage Applications
10.10.5 Other
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 Blue Light
11.6.2 Green Light
11.6.3 White Light
11.6.4 Other
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 Cellphone Applications
11.10.2 TV Applications
11.10.3 General Lighting Applications
11.10.4 Digital Signage Applications
11.10.5 Other
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 Blue Light
12.6.2 Green Light
12.6.3 White Light
12.6.4 Other
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 Cellphone Applications
12.10.2 TV Applications
12.10.3 General Lighting Applications
12.10.4 Digital Signage Applications
12.10.5 Other
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 Blue Light
13.6.2 Green Light
13.6.3 White Light
13.6.4 Other
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 Cellphone Applications
13.10.2 TV Applications
13.10.3 General Lighting Applications
13.10.4 Digital Signage Applications
13.10.5 Other
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 Packaged GaN LED Market: Competitive Dashboard
14.2 Global Packaged GaN LED Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cree
14.3.2 Osram Opto Semiconductors
14.3.3 Epistar
14.3.4 Samsung Electronics
14.3.5 GE Lighting
14.3.6 LG Innotek
14.3.7 Nichia
14.3.8 Philips Lumileds Lighting
14.3.9 Seoul Semiconductor
14.3.10 Shenzhen GYX Optoelectronics
14.3.11 Cree
