Market Overview:
The global LED tester 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 LED testers from various end-use industries, such as automotive, electronic, and others. Additionally, the growing awareness about energy efficiency and rising demand for advanced lighting solutions are also propelling the growth of this market. Based on type, the global LED tester market is segmented into benchtop LED tester and handheld LED tester. The benchtop LED tester segment is expected to account for a larger share of the global market in 2018 owing to its wide range of applications in various end-use industries.
Product Definition:
An LED tester is a device that is used to test the functionality of an LED. It can be used to determine whether or not an LED is working properly and emitting light. The importance of using an LED tester is that it can help to prevent faulty LEDs from being used in devices or systems.
Benchtop LED Tester:
LED Tester is a device used to test the light-emitting diode (LED) capacity of a semiconductor or the intensity of an LED. It is also known as Light Emitting Diode meter (LED). The benchtop LED tester market size was valued at USD 0.00 in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Handheld LED Tester:
Handheld LED Tester is used to test the resistance of a material in which an LED is embedded. It has two main parts, one is battery powered and other needs direct power from the source. In this device, there are some metallic pads on its surface through which current can flow and it will provide accurate reading regarding resistance level of that particular spot.
Application Insights:
The automotive industry was the largest revenue contributor in 2016 and is expected to continue its dominance over the forecast period. The growing importance of LED lights for various functions, such as indicators, headlights, and brake lights has increased their penetration in the automotive sector. This trend is likely to continue with upcoming new vehicle models sporting more LEDs for enhanced driving experience.
The demand from other applications segment includes household lighting applications where LEDs have been used for decades now. However, with growing preference towards advanced technology products among consumers across the globe; manufacturers are increasingly focusing on using LED-based products in household lighting fixtures owing to their energy efficiency and cost savings over traditional incandescent bulbs or fluorescent tubes of past generations. Moreover, increasing focus on reducing carbon footprint along with rising awareness regarding environment protection has driven consumers towards adopting energy efficient solutions at home which further supports market growth globally.
Regional Analysis:
The market in the Asia Pacific region is expected to grow at a significant rate over the forecast period owing to increasing demand for LED testing equipment from various end-use industries. The growing eletronic industry and automotive sector in developing economies such as China, India, Malaysia and Indonesia are anticipated to drive regional growth. Furthermore, rising disposable income coupled with government initiatives encouraging domestic manufacturing is expected to further propel product adoption across this region.
North America led the global market in 2017 due to early adoption of technologies by several major players operating within this region. Moreover, presence of numerous quality control laboratories that use these testers for testing purposes will continue driving regional growth over the forecast period. Europe also held a considerable share of global revenue due its large automobile production base along with growing electronics production capacity in countries such as Germany and France among other nations within this region will boost product penetration through OEM sales channels over next seven years or so till 2030 AD (Year-on-year).
Growth Factors:
- Increasing demand for LED products in the automotive and signage sectors
- Growing popularity of LEDs as a lighting source in residential and commercial applications
- Proliferation of LED-based displays and lighting fixtures
- Advances in LED technology that are making them more efficient, longer lasting, and affordable
- Rising awareness about the benefits of LEDs over other light sources
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Tester Market Research Report
By Type
Benchtop LED Tester, Handheld LED Tester
By Application
Automotive Industry, Eletronical Industry, Others
By Companies
KONICA MINOLTA Europe, Keysight Technologies, Lisun, Crown Electronic Systems, PCE Deutschland
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global LED Tester Market Report Segments:
The global LED Tester market is segmented on the basis of:
Types
Benchtop LED Tester, Handheld LED Tester
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
Automotive Industry, Eletronical Industry, Others
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:
- KONICA MINOLTA Europe
- Keysight Technologies
- Lisun
- Crown Electronic Systems
- PCE Deutschland
Highlights of The LED Tester 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:
- Benchtop LED Tester
- Handheld LED Tester
- By Application:
- Automotive Industry
- Eletronical Industry
- Others
- 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 LED Tester 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?
LED Tester is a device that can be used to test the LED lights. It has different light modes and can help you to identify any problems with the LEDs.
Some of the major companies in the led tester market are KONICA MINOLTA Europe, Keysight Technologies, Lisun, Crown Electronic Systems, PCE Deutschland.
The led tester market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Tester Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED Tester Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Tester Market - Supply Chain
4.5. Global LED Tester Market Forecast
4.5.1. LED Tester Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Tester Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Tester Market Absolute $ Opportunity
5. Global LED Tester Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LED Tester Market Size and Volume Forecast by Type
5.3.1. Benchtop LED Tester
5.3.2. Handheld LED Tester
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED Tester Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LED Tester Market Size and Volume Forecast by Application
6.3.1. Automotive Industry
6.3.2. Eletronical Industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED Tester Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LED Tester Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LED Tester Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LED Tester Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LED Tester Demand Share Forecast, 2019-2026
9. North America LED Tester Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LED Tester Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LED Tester Market Size and Volume Forecast by Application
9.4.1. Automotive Industry
9.4.2. Eletronical Industry
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Tester Market Size and Volume Forecast by Type
9.7.1. Benchtop LED Tester
9.7.2. Handheld LED Tester
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LED Tester Demand Share Forecast, 2019-2026
10. Latin America LED Tester Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LED Tester Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LED Tester Market Size and Volume Forecast by Application
10.4.1. Automotive Industry
10.4.2. Eletronical Industry
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Tester Market Size and Volume Forecast by Type
10.7.1. Benchtop LED Tester
10.7.2. Handheld LED Tester
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LED Tester Demand Share Forecast, 2019-2026
11. Europe LED Tester Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LED Tester Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LED Tester Market Size and Volume Forecast by Application
11.4.1. Automotive Industry
11.4.2. Eletronical Industry
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Tester Market Size and Volume Forecast by Type
11.7.1. Benchtop LED Tester
11.7.2. Handheld LED Tester
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LED Tester Demand Share, 2019-2026
12. Asia Pacific LED Tester Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LED Tester Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LED Tester Market Size and Volume Forecast by Application
12.4.1. Automotive Industry
12.4.2. Eletronical Industry
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Tester Market Size and Volume Forecast by Type
12.7.1. Benchtop LED Tester
12.7.2. Handheld LED Tester
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LED Tester Demand Share, 2019-2026
13. Middle East & Africa LED Tester Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LED Tester Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LED Tester Market Size and Volume Forecast by Application
13.4.1. Automotive Industry
13.4.2. Eletronical Industry
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Tester Market Size and Volume Forecast by Type
13.7.1. Benchtop LED Tester
13.7.2. Handheld LED Tester
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LED Tester Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Tester Market: Market Share Analysis
14.2. LED Tester Distributors and Customers
14.3. LED Tester Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. KONICA MINOLTA Europe
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Keysight Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lisun
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Crown Electronic Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PCE Deutschland
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook