2014-02-26 04:50:04 - Global Packaged GaN LED Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Packaged GaN LED market is to grow at a CAGR of 12.1 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased adoption of packaged GaN LEDs in the Lighting segment. The Global Packaged GaN LED market has also been witnessing the miniaturization of packaged GaN LEDs.However, the demand and supply imbalance of packaged GaN LEDs could pose a challenge to the growth of this market.
One of the major trends in the Global Packaged GaN LED market is rapid technological advances. The continuous technological advancement has increased the number of applications in which packaged GaN LEDs are used. Furthermore, these advances have enabled packaged GaN LED vendors to deliver high-quality
output for customers. The technological advancement has resulted in the development of advanced, compact, and power-efficient packaged GaN LEDs that can be deployed in a wide range of applications. Thus, rapid technological advancement is a positive trend propelling the growth of the Global Packaged GaN LED market.
One of the main drivers in this market is the increased adoption of packaged GaN LEDs in the Lighting segment. Packaged GaN LEDs are used in houses, offices, shops, hospitals, industries, and for outdoor lighting purposes. Packaged GaN LEDs are fast replacing incandescent lamps owing to their higher luminosity and power efficiency.
One of the main challenges in this market is the demand and supply imbalance of packaged GaN LEDs. The spike in the sales of packaged GaN LEDs in 2010 led to a sharp increase in production by various vendors. This resulted in an oversupply in the subsequent years.
Key vendors dominating this space include Cree Inc., Epistar Corp., Osram Opto-semiconductors GmbH and Samsung Electronics Co. Ltd.Other vendors mentioned in the report are NXP Semiconductors N.V, Soraa Inc., and Seoul Semiconductor Co. Ltd.
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