It’s Only Common Sense: Marketing Isn’t Fluff, It’s Ammunition
Driving Innovation: Mechanical and Optical Processes During Rigid-flex Production
The Chemical Connection: Onshoring PCB Production—Daunting but Certainly Possible
Global LED Market to See CAGR of 16% during 2018-2022
July 25, 2019 | Business WireEstimated reading time: 1 minute
Technavio analysts forecast the global LED market to grow at a CAGR of close to 16% during the forecast period, according to their latest market research report.
The growing number of households and urbanization is one of the major trends being witnessed in the global LED market 2018-2022. Governments across the world are increasingly investing in large-scale urban infrastructure projects owing to rapid urbanization. This is increasing the installation of new lamps and LED luminaires, which is expected to fuel the growth of the LED market during the forecast period.
LED Market: Declining Manufacturing Cost of LEDs
Since 2012, the manufacturing cost of LED has been declining and will continue to do so over the next five years. This decrease in the manufacturing cost of LED lamps and fixtures is resulting in a significant decline in the installation costs, which is leading to an increase in installation across all application segments. Thus, the declining manufacturing cost of LEDs is expected to fuel the growth of the global LED market during the forecast period.
According to a senior analyst at Technavio for research on semiconductors & semiconductor equipment, “The market is witnessing a growing number of strategic partnerships between LED lighting solution providers and IoT solution providers, aimed at developing new and innovative products to increase their market shares. Such partnerships are providing consumers with the option of connecting their smart bulbs with different smart home platforms as well as encouraging them to buy products from various manufacturers.”
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
LED Market: Segmentation Analysis
The global LED market research report provides market segmentation by application (general lighting, backlighting, automotive lighting, and others) and product (luminaires and lamps) and geography (Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The APAC region held the largest share of the market in 2017, accounting for close to 47% share, followed by the Americas and EMEA respectively. The APAC region will continue to dominate the market throughout the forecast period with the highest incremental growth, as well as market share. This is mainly due to the increase in demand for LED solutions from the residential and commercial segments in the region.
Share on:
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
TTM Technologies Receives Two Awards from the Global Electronics Association at the 2025 IPC CEMAC Conference
11/03/2025 | Globe NewswireTTM Technologies, Inc. announced that two of its team members received prestigious Asia Steering Committee Outstanding Service Awards from the Global Electronics Association (formerly named IPC connecting global electronics industry) at the 2025 IPC CEMAC Electronics Manufacturing Annual Conference in Shanghai.
SMT007 Magazine November 2025: Inside Mexico’s Rise as an Electronics Manufacturing Leader
11/03/2025 | I-Connect007 Editorial TeamMexico isn’t just part of the electronics manufacturing conversation—it’s leading it. From growing investments to cross-border collaborations, Mexico is fast becoming the center of electronics in North America. In this issue, we uncover why Mexico is earning global recognition. From top-ranked manufacturing capabilities to expanding partnerships that reach far beyond the U.S.
Henger Microelectronics Expands Global Footprint with Major Equipment Shipment to Southeast Asia
10/31/2025 |Henger Microelectronics has reached a major milestone in its global expansion strategy with the successful shipment of advanced plasma etching and cleaning systems, along with automation equipment, to multiple countries and regions across Southeast Asia. This achievement marks a significant step forward in the company’s international growth and reinforces its position as a leading force in the global plasma equipment industry.
PCBAA Names Industry Veteran Dan Weber to Board of Directors
10/31/2025 | PCBAAThe Printed Circuit Board Association of America has added Dan Weber, Executive Vice President and General Counsel at TTM Technologies, to the PCBAA board of directors.
KLA Reports Fiscal Q1 2026 Results
10/31/2025 | PRNewswireKLA Corporation announced financial and operating results for its first quarter of fiscal year 2026, which ended on Sept. 30, 2025, and reported GAAP net income of $1.12 billion and GAAP net income per diluted share of $8.47 on revenues of $3.21 billion.