22% CAGR for LED Lighting Market in South Korea to 2019 Expected in In-depth Research Report

An LED is a semiconductor light source used for general lighting, backlighting, and automotive lighting. LED lighting is used for exterior as well as interior lighting applications. LED lighting is gaining acceptance because of its efficiency and low cost. It is environment-friendly as it helps reduce energy consumption by up to 40%. In addition, LED light has many advantages over other lighting sources such as high intensity of brightness, high energy efficiency, low-voltage and current requirements, low radiated heat, high reliability, negligible UV rays, long lifespan, and ability to be easily controlled and programmed.

The analysts forecast LED lighting market in South Korea to grow at a CAGR of 22.99% over the period 2014-2019.

Covered in this Report

The report covers the present scenario and the growth prospects of the LED lighting market in South Korea during the period 2015-2019. Based on application, the market is segmented into three: general lighting, backlighting, and automotive lighting.

The report, LED Lighting Market in South Korea 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors

  • Cree
  • LG Innotek
  • Nichia
  • Osram Opto Semiconductors
  • Philips Lumileds Lighting
  • Samsung LED
  • Seoul Semiconductor

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Other Prominent Vendors

  • GE Lighting
  • Acuity Brands
  • Cooper Lighting of Eaton Corp.
  • Everlight Electronics
  • Hubell

Market Driver

  • Energy-efficient Lighting Source

Market Challenge

  • Pricing Strategies

Market Trend

  • Falling ASP of LED Lamps

Key Questions Answered in this Report

  • What will the market size be in 2019 and what will the growth rate be?
  • How within the segment the market will behave?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?

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