Bright Future: Extensive Research and Development Expenditures Will Likely Facilitate Revenue Growth
The LED Manufacturing industry has done relatively well over the past five years. The COVID-19 pandemic had a positive effect on the industry due to significantly decreased import penetration in 2020. Additionally, the use of ultraviolet LED lighting to combat the virus resulted in increased sales in all sectors, including a spike in exports to aid the global pandemic effort.
This industry manufactures light-emitting diode (LEDs) chips and components. An LED chip is a solid-state light source that is long-lasting and energy-efficient. LEDs are used as indicator lamps in many devices, and they are increasingly used for lighting and consumer electronics. The industry does not include LED fixtures, luminaires and tertiary products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Osram Licht Ag
- Wolfspeed, Inc.
Methodology
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