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  • 13 June 2019 23:09

High Brightness (HB) LED Market Examined in Depth in New Study

The global high brightness (HB) LED market to reach over $22 Billion by 2026 and will grow at a CAGR of around 4.9% from 2018 to 2026.

High brightness LED Light provides extremely high brightness illumination for various applications such as challenging line scans and web inspection. High brightness LEDs utilizes effective heat removal to enable HBLED junction to remain within its safe limits while still producing the required light output.

Rapid technological advancements in electronic sector, growing demand from automotive sector, consumer electronics sector, etc., for high light discharge that are energy efficient, durable, and provide brighter light as compared to other lighting systems are some major factors expected to drive growth of the global high brightness (LED) market.

The market in Asia Pacific is expected to witness faster growth, owing to flourishing consumer electronics sector, high demand from automotive manufacturers, and presence of major manufactures operating in emerging economies such as India, China, and South Korea in this region. In addition, increasing expansion activities by major players through strategic partnerships and agreements in order to increase the customer base is expected to further support the market growth in this region to a certain extent.

The market research study on “High Brightness (HB) LED Market (By Application: Automotive, General Lighting, Consumer Electronics, Signals & Signage) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global high brightness (HB) LED market. The report also analyzes the key players operating in high brightness (HB) LED market and identifies the key strategies deployed by them along with the market share of leading players.

Some of the leading companies operating in the global high brightness (HB) LED market include Toyoda Gosei, Epistar Corp, Moritex Corporation, Cree, Inc., Samsung Electronics Co Ltd, Osram Opto Semiconductor, Seoul semiconductor, Nichia Corporation, American Bright Optoelectronics Corps, and Philips Lumileds.

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