Market Overview:
The global ROY LEDs market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions and rising awareness about the benefits of LED lights. In terms of type, the red LED segment is expected to lead the global ROY LEDs market during the forecast period, followed by orange and yellow LEDs. The commercial horticulture application segment is expected to lead the global ROY LEDs market in terms of revenue during 2018-2030.
Product Definition:
ROY LEDs are Red, Green, and Blue LEDs. They are used in displays and lighting because they produce a very bright light.
Red LED:
Red LED is a type of light-emitting diode (LED) that emits red light. The color of the light produced by different LED types depends on the size and construction of the device; however, they all produce an equivalent amount of lumens. The most common application for red LEDs is in traffic lights, as many countries have implemented regulations about vehicle speed limits being displayed in kilometers per hour on road signs.
Orange LED:
The orange LED is a special type of light-emitting diode (LED) that emits a longer wavelength than red and green LEDs. The color of an orange LED varies between approximately 600 nm to 650 nm. Orange LEDs are commonly used as traffic lights because they have high intensity and visibility, which makes them suitable for applications such as street lighting, traffic signals, and indoor signs.
Application Insights:
The global market is segmented by application into commercial horticulture, building entertainment, stage lighting, and others. The other applications include automotive interior lighting and industrial equipment. Commercial horticulture was the largest application segment in 2017 owing to increasing demand for decorative plants in offices, hotels, retail outlets and public areas such as airports. Increasing construction activities across the globe are expected to drive product demand over the forecast period.
Building entertainment is anticipated to be one of the fastest-growing segments over the forecast period owing to growing usage of ROY LEDs as a substitute for traditional light sources such as fluorescent lamps or incandescent bulbs due to their energy efficiency and aesthetic appeal. Furthermore, these products have a high brightness rendering capacity which makes them suitable for use in stage lighting applications where high illumination is required during performances or events at night clubs or theaters etcetera.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from commercial horticulture, building entertainment, stage lighting application sectors in countries such as China, Japan and India. Furthermore, increasing investments by key players for manufacturing high-quality products are also contributing towards regional growth. For instance; In January 2018; Philips launched new generation LED light bulbs with dimmer function under the brand name ‘Philips hue’ in China.
The European market is projected to witness significant growth during the forecast years owing to growing adoption of energy-efficient lighting solutions across various applications including commercial buildings & gardens and public spaces among others.
Growth Factors:
- Increasing demand from the automotive sector for LED lighting as a result of stringent government regulations for energy efficiency.
- Rising demand from the consumer electronics sector owing to increasing adoption of LEDs in televisions, smartphones, and other electronic devices.
- Growing demand for LED lighting in the commercial segment due to rising awareness about energy savings and growing acceptance of LEDs as a source of ambient lightening.
- Proliferation of innovative LED products and applications such as smart lights, OLEDs, etc., that are expected to fuel market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
ROY LEDs Market Research Report
By Type
Red LED, Orange LED, Yellow LED
By Application
Commercial Horticulture, Building Entertainment, Stage Lighting, Other
By Companies
Aixtron, Philips, Veeco Instruments, ROY STAGE LIGHT CO, Xiamen-based San’an Optoelectronics Co, OSRAM, Aixtron
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global ROY LEDs Market Report Segments:
The global ROY LEDs market is segmented on the basis of:
Types
Red LED, Orange LED, Yellow LED
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
Commercial Horticulture, Building Entertainment, Stage Lighting, 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:
- Aixtron
- Philips
- Veeco Instruments
- ROY STAGE LIGHT CO
- Xiamen-based San’an Optoelectronics Co
- OSRAM
- Aixtron
Highlights of The ROY 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:
- Red LED
- Orange LED
- Yellow LED
- By Application:
- Commercial Horticulture
- Building Entertainment
- Stage Lighting
- 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 ROY 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?
ROY LEDs are a type of LED that uses a red, orange, yellow, green and blue light.
Some of the major companies in the roy leds market are Aixtron, Philips, Veeco Instruments, ROY STAGE LIGHT CO, Xiamen-based San’an Optoelectronics Co, OSRAM, Aixtron.
The roy leds market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ROY 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 ROY LEDs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ROY 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 ROY 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 ROY LEDs Market Size & Forecast, 2018-2028
4.5.1 ROY LEDs Market Size and Y-o-Y Growth
4.5.2 ROY LEDs Market Absolute $ Opportunity
Chapter 5 Global ROY LEDs 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 ROY LEDs Market Size Forecast by Type
5.2.1 Red LED
5.2.2 Orange LED
5.2.3 Yellow LED
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global ROY LEDs 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 ROY LEDs Market Size Forecast by Applications
6.2.1 Commercial Horticulture
6.2.2 Building Entertainment
6.2.3 Stage Lighting
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ROY 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 ROY 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 ROY LEDs Analysis and Forecast
9.1 Introduction
9.2 North America ROY LEDs 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 ROY LEDs Market Size Forecast by Type
9.6.1 Red LED
9.6.2 Orange LED
9.6.3 Yellow LED
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 ROY LEDs Market Size Forecast by Applications
9.10.1 Commercial Horticulture
9.10.2 Building Entertainment
9.10.3 Stage Lighting
9.10.4 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 ROY LEDs Analysis and Forecast
10.1 Introduction
10.2 Europe ROY LEDs 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 ROY LEDs Market Size Forecast by Type
10.6.1 Red LED
10.6.2 Orange LED
10.6.3 Yellow LED
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 ROY LEDs Market Size Forecast by Applications
10.10.1 Commercial Horticulture
10.10.2 Building Entertainment
10.10.3 Stage Lighting
10.10.4 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 ROY LEDs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific ROY LEDs 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 ROY LEDs Market Size Forecast by Type
11.6.1 Red LED
11.6.2 Orange LED
11.6.3 Yellow LED
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 ROY LEDs Market Size Forecast by Applications
11.10.1 Commercial Horticulture
11.10.2 Building Entertainment
11.10.3 Stage Lighting
11.10.4 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 ROY LEDs Analysis and Forecast
12.1 Introduction
12.2 Latin America ROY LEDs 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 ROY LEDs Market Size Forecast by Type
12.6.1 Red LED
12.6.2 Orange LED
12.6.3 Yellow LED
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 ROY LEDs Market Size Forecast by Applications
12.10.1 Commercial Horticulture
12.10.2 Building Entertainment
12.10.3 Stage Lighting
12.10.4 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) ROY LEDs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) ROY LEDs 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) ROY LEDs Market Size Forecast by Type
13.6.1 Red LED
13.6.2 Orange LED
13.6.3 Yellow LED
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) ROY LEDs Market Size Forecast by Applications
13.10.1 Commercial Horticulture
13.10.2 Building Entertainment
13.10.3 Stage Lighting
13.10.4 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 ROY LEDs Market: Competitive Dashboard
14.2 Global ROY LEDs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aixtron
14.3.2 Philips
14.3.3 Veeco Instruments
14.3.4 ROY STAGE LIGHT CO
14.3.5 Xiamen-based San’an Optoelectronics Co
14.3.6 OSRAM
14.3.7 Aixtron
