North America to be the fastest-growing region in the high power LED market during 2019–2024

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MarketsandMarkets Presents
North America to be the fastest-growing region in
the high power LED market during 2019-2024 The
US is expected to be the major contributor to the
high power LED market in North America on the
back of its well-established economy the
presence of some leading high power LED
suppliers and a large demand from leading
suppliers of smartphones, televisions, smart
wearables, automotive lightings, and general
lightings
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The use of high power LEDs in smart cities will
be a significant growth opportunity for high
power LED market players. The increasing
awareness regarding the use of high power LEDs in
smart lighting systems used in smart cities will
provide a boost to the high power LED market
growth. The use of high power LEDs in the
lighting systems across the smart cities will
boost the growth of the high power LED market.
The increasing demand for architectural lighting
coincides with the rapid development of cities,
installed with efficient lighting solutions, to
achieve innovative and energy-efficient lighting
solutions. The high power LED packages consists
of a flip chip, mesa, and vertical packages. The
flip chip packages can be operated at a higher
current, are free of wire-bonding, and are
offered in smaller packages. These
characteristics have led to the higher adoption
of these LEDs than the traditional horizontal and
vertical LEDs. In flip chip packaging technology,
solder balls of LED dieclinging to the
electrodes of the die-are placed facing the
substrate and electrically coupled to the
electrodes. Being a wireless bonding technology,
flip chip LEDs ensure enhanced durability, heat
dissipation, and superior light performance,
among others. Flip chip packaged LEDs are used in
automotive, signage, medical, and industrial
applications.
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Automotive is expected to be the fastest-growing
application in the high power LED market in the
coming years. High power LEDs are becoming
popular in exterior automotive lighting due to
their characteristics and efficiency. The
superior clarity of the white light offered by
the use of high power LEDs in headlights improves
the reaction time of the driver. The adaptive
front-lighting systems (AFS), which are enabled
by LED matrixes, produces fast, complex
light-pattern changes that improve the visibility
for drivers in poor light conditions. Also for
the night driving, the AFS automatically adjusts
to the beam from an incoming car and prevents the
blinding of the oncoming driver by harsh
lighting. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id199455057 The adoption of the latest
devices and technologies is increasing in APAC
due to the presence of several electronics and
automotive manufacturing companies in the region.
China, South Korea, and Japan are the leading
countries in the high power LED market in this
region. Automotive and general lighting
application in the countries such as China, South
Korea, and Japan have shown considerable growth,
with China being the dominant country in the
production and consumption of high power LEDs
thus, these countries are expected to witness
robust growth in the high power LED market.
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The major opportunities in the high power LED
market include the increased use of high power
LED in smart lighting systems and
energy-efficient systems. Street lighting
accounts for a large share of the total energy
consumption across lighting applications. It is a
critical concern for public authorities in
developing countries owing to its strategic
importance for socioeconomic stability.
Inefficient lighting wastes significant financial
resources each year, and poor lighting creates
unsafe conditions in any country.
Energy-efficient technologies and designs can
reduce street lighting costs drastically (often
by 2560). These savings can eliminate or reduce
the burden on energy generation plants, and this
saves capital for alternative energy solutions
for populations in remote areas. These cost
savings can also enable municipalities to invest
in the expansion of street lighting to the areas
devoid of street lightings. Awareness regarding
the use of high power LEDs will help
energy-efficiency as well as help the market to
grow. ContactMarketsandMarkets INC. 630
Dundee Road Suite 430 Northbrook, IL 60062 USA
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