Global Packaged GAN LED Market to grow at a CAGR of 5.02% during the period 2016 - 2020; Finds New Report

Report forecast the global packaged GaN LED market to grow at a CAGR of 5.02% during the period 2016-2020.

A packaged GaN LED comprises an encapsulation made of bonding wires, an optical lens, electrodes, and resist. GaN LEDs can emit blue, green, and pure green light. They were invented by Nichia in Japan in 1993 and made available in the market in late 1990s. They are widely used for general lighting in residential complexes, offices, retail stores, hospitals, and industries. Compared to other types of LED, packaged GaN LEDs have some unique advantages, such as higher luminosity and power efficiency. However, they are costlier than standard LEDs.

The report covers the present scenario and the growth prospects of the global packaged GaN LED market for the period 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of packaged LEDs to end-users.

The market is divided into the following segments based on geography:

• APAC
• EMEA
• Americas

According to the report, LEDs are efficient in terms of lighting and power consumption. They limit power consumption more effectively and are more durable than conventional incandescent bulbs. This is expected to drive the market for GaN-based LEDs during the forecast period.

Further, the report states that one of the major challenges faced by the market is the presence of technical hurdles in manufacturing of LEDs using GaN.

Global Packaged GaN LED Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Packaged GaN LED Market: Cree, Epistar, OSRAM Opto Semiconductors and Samsung.

Other Prominent Vendors in the market are: De Core Nanosemiconductors, LG Innotek, Nichia, Philips Lumileds, Seoul Semiconductor and Soraa.

Market driver

• Need for energy-efficient lighting solutions
• For a full, detailed list, view our report

Market challenge

• Manufacturing issues in GaN-on-Si LEDs
• For a full, detailed list, view our report

Market trend

• Emergence of GaN-on-Si LEDs
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 42 pages and 20 Exhibit “GLOBAL PACKAGED GAN LED MARKET 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Technology landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key recommendations for vendors and investors, Appendix.

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