Led Modules And Light Engines Market

LED modules and light engines Market:Drivers and Challenges

With the increasing adoption of smart/connected lighting and LED luminaires and lamps, in different sectors, the use of LED modules and light engines is proliferating. Henceforth, the primary driver for LED modules and light engines market is the use of these products in many applications across sectors like automobile, electronics, healthcare etc. LED modules and light engines are not only used in these sectors but also in broad sectors like commercial sector, residential sector, industrial sector and outdoor sectors which makes it a very vast market with number of opportunities. Moreover, the decline in prices and an improved light quality and flexibility provided by LED modules and light engines drives its growth in the market.

The major challenge faced by the LED modules and light engines market is that it plays by the rule of one company. The other competitors report that the market is closed due to specification followed of just the one company making it a closed manufacturers' standard. In addition to this, a few of the LED modules and light engines suffer from 120Hz flicker which reduces the efficiency to almost 83%. This impedes the growth of LED modules and light engines market.

LED modules and light engines Market: Segmentation

Segmentation of LED modules and light engines Market on the basis of applications:

Segmentation of LED modules and light engines Market on the basis of form factor:

LED modules and Light engines Market: Key Players

Some of the key players of LED modules and Light engines Market are Philips Lumileds, Cree, Osram Opto, GE, Everlight, Nichia, Sharp, Toyoda Gosei, Samsung LED, Seoul Semiconductor and LG Innotek.

Key Contracts:

In January 2015, Nichia and Mitsubishi Chemical reached an agreement on patent cross-licensing related to red phosphor for white LEDs. The patents targeted by the cross-licensing in the agreement which include Nichia’s patents and MCC and NIMS’s patents. The companies also announced that Nichia, Citizen, MCC, and NIMS have reached an agreement to share the U.S. patent, which is one of the basic patents that MCC and NIMS co-own.

LED modules and light engines Market: Regional Overview

By geography, LED modules and light engines market can be segmented into the following regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the LED modules and light engines Market in North America is expected to dominate during the forecast period owing to the adoption of LEDs and applications including LEDs on a common utility purpose by several industries. Europe, after North America, is expecting a slower growth rate in the LED modules and light engines market because of the lack of manufacturers and a complex technology. 

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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