Nanophotonics Global Market Report 2023 – By Product (LED, OLED, NFO, Photovoltaic cells, Optical Amplifier, Optical Switches, Holographic Data Storage System), By Material (Quantum Dots, Photonic Crystals, Plasmonic, Nanotubes, Nanoribbons), By Application (Telecommunications, Entertainment, Consumer Electronics, Indicator And Signs, Lighting, Non-Visual Applications, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Automotive light bulb that uses LED technology as its light source rather than halogen filaments, which transforms electrical energy into a single hue of light that are used in sidelights, fog lights, brake lights, indicators, number plates, and others. The main vehicle types of automotive light-emitting diode bulbs are passenger cars, light commercial vehicles, and heavy commercial vehicles. Light commercial vehicles are vehicles that are less than or equal to 3.5 tonnes of gross vehicle mass and are designed to transport goods or specialized equipment. Utility vehicles, panel vans, cab chassis vehicles, and goods vans are examples of light commercial vehicles. The automotive light-emitting diode bulb is used in front adaptive lighting, rear adaptive lighting, and ambient adaptive lighting that are distributed through OEM and aftermarket sales channels. The global automotive light emitting diode (LED) bulbs market is segmented - 1) By Vehicle Type: Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle(HCV) 2)By Adaptive Lighting: Front Adaptive Lighting, Rear Adaptive Lighting, Ambient Adaptive Lighting 3) By Sales Channel: OEM, Aftermarket The global automotive light emitting diode (LED) bulbs market size will grow from $8.81 billion in 2022 to $9.32 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive light emitting diode (LED) bulbs is expected to grow to $14.51 billion in 2027 at a CAGR of 11.7%. Technological advancements in automotive light emitting diode (LED) technology are expected to drive automotive light emitting diode (LED) bulbs market growth. Some of the new technologies include µAFS LED headlights, bend lighting headlamps, and flexible OLED for vehicle lighting. For example, in January 2022, Magnachip Semiconductor Corporation, a Luxembourg-based designer and manufacturer of analog and mixed-signal semiconductor platform solutions, introduced its organic light-emitting diode display integrated circuit (OLED DDIC) to offer next generation OLED DDIC for automotive displays. The OLED DDIC is produced for automotive based on the 40 nm processs technology that are designed for center stack displays and instrument cluster displays to offer wide range of resolutions including FHD suited for both rigid and flexible OLED displays. Additioinally this next generation DDIC is made as an “all-in-one solution,” which means that source drivers, gate drivers and timing controllers are integrated on a single chip which reduces the production cost.Thus, increasing technology adoption is expected to drive the demand for advanced growth of the automotive light emitting diode (LED) bulbs market products going forward. Major players in the automotive light emitting diode (LED) bulbs market are SG Automotive, Hella, KOITO, Magneti Marelli, OSRAM, Valeo, Stanley Electric Co. Ltd., Varroc, Koninklijke Philips N.V., Magneti Marelli, and Koito Manufacturing. The high cost of advanced LED lights has been a major challenge for the automotive light emitting diode (LED) bulbs market. As the efficiency and longevity of the LED bulbs is improving, manufacturing costs are rising due to fewer volume sales. Automotive LED lights are more expensive than halogen bulbs used traditionally in automobiles which is restraining automotive light emitting diode (LED) bulbs market growth. In 2020, the cost of an LED lighting bulb was $5/km at the package level (luminaires cost $20-$100/km) whereas the cost of advanced LED lighting, OLED costs around $300-$500/km at the panel level. With increasing awareness about global warming and carbon emissions, customers are increasingly using Organic LED, whose emitting panels are made of organic material. They can also be color tuned and are used to make light panels. For instance, car manufacturers BMW and Audi are using OLED taillights due to their flexibility, efficiency, and homogeneity. In October 2022, Plastic Omnium, a France-based company operating in headlights and signal lighting acquired Varroc Engineering Limited for an undisclosed amount. Through this acquisition, Plastic Omnium aims to strengthen its lighting product portfolio. Varroc Engineering Limited India-based automotive component manufacturer and supplier. Asia-Pacific was the largest region in the automotive light emitting diode bulbs market in 2022. North America was the second-largest region in the automotive light emitting diode (LED) bulbs market share. The regions covered in the global automotive light emitting diode (LED) bulbs market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive light emitting diode (LED) bulbs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The automotive light emitting diode (LED) bulbs market consists of sales of dual in-line package (DIP) LEDs, surface mounted diode (SMD), LEDs and chip on board (COB) LEDs. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The automotive light emitting diode (LED) bulbs market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified automotive light emitting diode (LED) bulbs market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the automotive light emitting diode (LED) bulbs market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive light emitting diode (LED) bulbs market research report is one of a series of new reports from The Business Research Company that provides automotive light emitting diode bulb manufacturing market statistics, including automotive light emitting diode bulb manufacturing industry global market size, regional shares, competitors with an automotive light emitting diode bulb manufacturing market share, detailed automotive light emitting diode bulb manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the automotive light emitting diode (LED) bulbs market. This automotive light emitting diode (LED) bulbs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

General lighting, or ambient lighting, is defined as a lighting system used to illuminate indoor and outdoor areas with sufficient or natural brightness without any glare. They are cost-effective, use less energy, and beautify the ambiance. The main product types of general lighting are LED, CFL, LFL, HID, halogens, incandescent, and others. The incandescent light bulb generates light by heating a wire filament to a temperature that causes light to be produced. A translucent glass bulb, either filled with inert gas or evacuated, surrounds the metal wire (a vacuum). The various applications include general lighting, automotive lighting, backlighting, and others that are used by residential, commercial, outdoor, industrial, and other end-users. The global general lighting market is segmented - 1) By Product Type: LED, CFL, LFL, HID, Halogens, Incandescent, Other Products 2) By End User: Residential, Commercial, Outdoor, Industrial, Other End-Users 3) By Application: General Lighting, Automotive Lighting, Backlighting, Other Applications The global general lighting market size will grow from $87.74 billion in 2022 to $93.93 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global general lighting is expected to grow to $119.85 billion in 2027 at a CAGR of 6.3%. The continuous increase in the rate of construction activities increases the demand for general lighting globally. Lighting equipment is required in office spaces and apartments and with increasing construction activities, the requirement for such lighting also increases. According to a report by Global Construction Perspectives and Oxford Economics, the global construction market is forecast to grow by over 70% by 2025. The increase in demand for construction activities will have a positive impact on the growth of the general lighting market. Major players in the general lighting market are Schneider Electric, Panasonic, Koninklijke Philips N.V., General Electric, Acuity Brands, Cree Inc., Eaton, Bridgelux, and Citizens Electronics. The general lighting market is restricted due to the harmful effects of LEDs (Light Emitting Diode) on human health. LEDs use shortwave light, often called “cool” in color. The prolonged continuous exposure to this light may be enough to damage a person. According to the French Agency for Food, Environmental and Occupational Health & Safety (ANSES), the blue lights which are being used in households, offices, headlights, torches, toys, and street lighting can damage the eye's retina while disturbing biological and sleep rhythms. Due to these harmful effects, the ANSES recommended manufacturers of lighting solutions for vehicles to limit the luminous intensity of vehicle headlights. The harmful effects of LEDs on health thereby restrict the growth of the general lighting market. Companies are increasingly using Li-fi (Light Fidelity) network to manufacture general lighting equipment. Li-Fi is a wireless optical networking technology that uses light-emitting diodes (LEDs) for data transmission. The Li-fi bulbs are equipped with a small chip that modulates the light used for data transmission with speeds up to 224 gigabits per second. In 2020, Philips Lighting, a Netherland-based electrical provider, launched an Internet of Things (IoT) platform and connected lighting system. LEDs and sensors are used in LiFi technology to wirelessly transmit data to computers and tablets via light waves. In February 2022, GE Current, a US-based company operating in lighting acquired Hubbell C&I Lighting for an undisclosed amount. Through this acquisition, both companies enhance distribution footprint and digital tools to serve customer needs more quickly, efficiently, and easily. Hubbell C&I Lighting is a US-based company operating in general lighting. Asia-Pacific was the largest region in the general lighting market in 2022. North America was the second-largest region in the global general lighting market share. The regions covered in the global general lighting market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the general lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The general lighting market consists of sales of chandeliers, ceiling or wall-mounted fixtures, recessed or track lights, lanterns mounted, wall lighting, spotlights, post lanterns, recessed fixtures, hanging fixtures, and other general lighting. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The general lighting market research report is one of a series of new reports from The Business Research Company that provides general lighting market statistics, including general lighting industry global market size, regional shares, competitors with a general lighting market share, detailed general lighting market segments, market trends and opportunities, and any further data you may need to thrive in the general lighting industry. This general lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Quantum dots are defined as tiny semiconductor particles or nanoscale crystals of a semiconducting material that have unique optical and electronic properties. As energy is applied to these particles, they emit light of various colors, which can be changed by tuning the shape, material composition, and size of the quantum dots. Quantum dots are widely used in displays, including televisions, and smartphones. The components of the quantum dot market covered by material include cadmium selenide (CdSe); cadmium sulfide (CdS); cadmium telluride (CdTe); indium arsenide (InAs); silicon (Si) and others. These are divided into verticals that include consumer, commercial, telecommunications, healthcare, and defense. These are used in various applications that include medical devices, displays, solar cells, photodetectors sensors, lasers, led lights, batteries, energy storage systems, and transistors. The global quantum dot market is segmented - 1) By Material: Cadmium Selenide (CdSe), Cadmium Sulfide (CdS), Cadmium Telluride (CdTe), Indium Arsenide (InAs), Silicon (Si), Other Material 2) By Vertical: Consumer, Commercial, Telecommunications, Healthcare, Defense, Other Verticals 3) By Application: Medical Devices, Displays, Solar Cells, Photodetectors Sensors, Lasers, LED Lights, Batteries & Energy Storage Systems, Transistors, Other Applications The global quantum dot market size grew from $6.11 billion in 2022 to $7.84 billion in 2023 at a compound annual growth rate (CAGR) of 28.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global quantum dot is expected to grow to $20.29 billion in 2027 at a CAGR of 26.8%. The growing demand for smart televisions and mobile phones is expected to propel the growth of the quantum dots market. A smart television is an internet-based TV set in which a user can perform web surfing from the browser. Tiny semiconductor particles or nanoscale crystals of a semiconducting material that have unique optical and electronic properties are mainly used in TVs and mobile phones. According to USA Today, in the first half of 2020, sales of smart TVs of 65 inches and larger were up 50% (in units). Therefore, the growing demand for smart televisions and mobile phones is driving the growth of the quantum dots market. Major players in the quantum dot market report are Crystalplex Corporation, InVisage Technologies, LG Display Co. Ltd., Nanoco Group plc, NanoPhotonica, Nanosys Inc., Navillum Nanotechnologies, Nexxus Lighting, NN-Labs LLC, Ocean NanoTech., Osram Licht AG, QD Laser, Quantum Materials Corp., Samsung Electronics Co. Ltd., Sony Corporation, Thermo Fisher Scientific Inc., DuPont, 3M Company, Apple Inc., Life Technologies, Merck Group, Nano Elements Source, LLC, Pacific Light Technologies, Sigma-Aldrich Co., Techinstro and Intelligent Materials Private Limited, and Ultra Nano Tec. Increasing R&D investments is a key trend gaining popularity in the quantum dots market. Many companies are nowadays exploring new technologies and undertaking research in the quantum dots market. For instance, in October 2020, Samsung Electronics, a South Korea-based producer of electronic devices through their R&D hub, Samsung Advanced Institute of Technology (SAIT), developed blue Quantum Dot light-emitting diodes (QLEDs). These quantum dots deliver improved luminous efficiency by 20.2%, having maximum luminance of 88,900 nits, and 16,000 hours of QLED lifetime. In August 2020, Nanosys Inc., a US-based developer and distributor of state-of-the-art heavy metal quantum dot technology to the display industry, signed an agreement with Nagase & Co. Ltd., for the worldwide sales and distribution of Quantum Dot materials for various applications. Through this agreement, Nanosys is expected to accelerate the sale of quantum dot materials. Nagase & Co. Ltd. is a Japan-based chemical trading and advanced materials distribution company. North America was the largest region in the quantum dots market in 2022. Asia-Pacific is expected to be the fastest growing region in the quantum dots market share. The regions covered in the quantum dots market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Quantum Dot market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The quantum dots market consists of sales of cadmium selenide (CdSe) quantum dots, cadmium sulfide (CdS) quantum dots, silicon (Si) quantum dots, indium arsenide (InAs) quantum dots, and other quantum dots. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The quantum dot market research report is one of a series of new reports from The Business Research Company that provides quantum dot market statistics, including quantum dot industry global market size, regional shares, competitors with a quantum dot market share, detailed quantum dot market segments, market trends and opportunities, and any further data you may need to thrive in the quantum dot industry. This quantum dot market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A television refers to a visual image and sound transmission system replicated on screens, primarily used to broadcast entertainment, data, and education programs. The main product types of television are smart and traditional. A smart TV is a digital television that functions as an Internet-connected, storage-aware computer designed for entertainment. Televisions are available in various technologies such as LCD, LED, OLED, QLED and in different screen sizes from below 32 inches, 32 to 45 inches, 46 to 55 inches, 56 to 65 inches and above 65 inches. Televisions are used by residential, commercial, and other end users. The global televisions market is segmented - 1) By Product Type: Smart, Traditional 2) By End-User: Residential, Commercial, Other End-Users 3) By Technology: LCD, LED, OLED, QLED 4) By Screen Size: Below 32 Inches, 32 to 45 Inches, 46 to 55 Inches, 56 to 65 Inches, Above 65 Inches The global televisions market size will grow from $82.2 billion in 2022 to $84.56 billion in 2023 at a compound annual growth rate (CAGR) of 2.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global televisions is expected to grow to $94.38 billion in 2027 at a CAGR of 2.8%. The rise in disposable incomes was a major driver of the televisions market. The rise in disposable incomes was mainly driven by economic growth and middle-class population growth in developing countries such as China, India and Brazil. According to the World bank, the per capita net disposal income of lower middle-income countries was in between $1,036 and $4,045 and per capita net disposal income of upper middle-income countries was in between $4,046 and $12,535 in 2021. Increased earnings and increased disposable incomes in the emerging markets, contributing to the televisions market growth. Major players in the television market are Samsung, LG, Sony, Hisense, TCL, Philips, Vizio, Toshiba, Skyworth, RCA, and Magnavox. The changes in consumer lifestyles and preferences had a significant impact on the televisions market. With increasing smartphone and internet penetration and advances in social media and digital technologies, consumers shifted from television to new forms of entertainment such as online audio and video streaming services on mobile phones. Television viewership continued to decline, especially among the millennial. As a whole, 18-34-year-olds spent viewing traditional TV (live and time-shifted) in Q1 2020 fell by around 15.3% from 2019. Changes in consumer preferences restricted the demand for televisions. The demand for Ultra HD televisions is increasing rapidly, as they are energy efficient and offer high quality images. Ultra HD televisions include 4K and 8K UHDs that have an aspect ratio of 16:9 or wider, and also present a minimum resolution of 3840x2160 pixels. The transition from traditional CRT and LCD TVs to ultra-HD TVs has been fast owing to brisk pace in technological advances. For instance, in June 2020, according to TVB-Europe, an England-based online television service, over half of 18-24-year-old say they spend more time watching video-sharing platforms than broadcast TV. In many developed countries such as US and the UK,34% of global households had smart TVs by the end of 2020 and sales increased by 7.4% in 2020 and expected to reach majority by 2026. In July 2021, Blaupunkt, a Germany-based audio tech company, launched a line of smart LED TVs in India in collaboration with a local contract manufacturer, Super Plastronics Pvt Ltd. (SPPL). The Blaupunkt smart televisions will be available exclusively on Flipkart in 32-inch, 42-inch, 43-inch, and 55-inch screen sizes. Super Plastronics Pvt. Ltd. is an Indian TV manufacturing company. Asia-Pacific was the largest region in the television market in 2022. North America was the second-largest region in the global television market share. The regions covered in the global television market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the television market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The television market consists of sales of smart TV, liquid crystal display (LCD), light-emitting diode (LED), cathode ray tube (CRT), and other televisions. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The televisions market research report is one of a series of new reports from The Business Research Company that provides televisions market statistics, including televisions industry global market size, regional shares, competitors with a televisions market share, detailed televisions market segments, market trends and opportunities, and any further data you may need to thrive in the televisions industry. This televisions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A light emitting diode (LED) is a semiconductor device that emits light as an electrical current passes through it. LED-backlit displays use TFT LCD (thin-film-transistor liquid-crystal display) technologies that offer reduced energy consumption, better contrast and brightness, a greater color range, a more rapid response to changes in the scene, and photorefractive effects. The main types in the backlight market are small-sized backlight led, mid and large-sized backlight led. The small-sized backlight leds are mini leds that are 1.2 millimeters and provide the backlight. The various colors are red led, white led, and RGB led. These are used in phones, televisions, computers, instruments, and others. The global backlight LED market is segmented - 1) By Product Type: Small-Sized Backlight LED, Mid And Large Sized Backlight LED 2) By Color: Red LED, White LED, RGB LED 3) By Application: Phone, Television, Computer, Instruments, Other Applications The global backlight LED market size will grow from $0.85 billion in 2022 to $0.84 billion in 2023 at a compound annual growth rate (CAGR) of -0.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the backlight LED is expected to grow to $0.8 billion in 2027 at a CAGR of -1.3%. The increasing demand for backlight LED in the advertising industry is expected to drive the market in the forecast period. Backlight LED offers high flash and fade frequencies which helps the advertisers to showcase their products with better visibility. The LED backlight produces even light with less power consumption compared to fluorescent backlights. The maintenance cost of LED backlights used in billboards is also very minimal and saves 90% on power when compared to other light bulbs. These advantages offered by LED backlights will boost the backlight LED market in the forecast period. Major players in the backlight LED market are Samsung, NICHIA, LG Innotek, Epistar, Lumileds, Seoul Semiconductor, TOYODA GOSEI, Unity Opto Technology, Genesis Photonics Inc., and Shenzhen Jufei Optoelectronics Co. Ltd. Increasing adoption of substitute technologies such as OLED is likely to restrain the backlight LED market growth. The power consumption of OLEDs is less when compared to LEDs because OLEDs generate light themselves and do not require backlighting. The battery-operated devices will be highly benefited from OLED features, thus affecting the growth of the backlight LED market. Electric lighting equipment manufacturing companies are focusing on introducing new innovative products into the market, to compete with the competitors and gain market share. In addition to design, the manufacturers are also focusing on introducing new energy-efficient lighting products and importing new technologies to support the development of energy-efficient products, in-house R&D and strategic partnerships, which is contributing to the overall growth of the backlight LED market. For instance, some of the leading lighting innovations include Reflected Sequence LED Lamp, Globe Terrarium Lights, Janus Lamp, Holon Spheres, and Double Boom Chandelier. Asia-Pacific was the largest region in the backlight LED market in 2022. North America is the second-largest region in the global backlight LED market report. The regions covered in the global backlight LED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the backlight LED market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia. The back lighting light emitting diode (LED) market consists of sales of RGB LED backlights and white LED backlights. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The backlight LED market research report is one of a series of new reports from The Business Research Company that provides backlight LED market statistics, including backlight LED industry global market size, regional shares, competitors with a backlight LED market share, detailed backlight LED market segments, market trends and opportunities, and any further data you may need to thrive in the backlight LED industry. This backlight LED market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A light emitting diode (LED) is a semiconductor device that emits light as an electrical current pass through it. LEDs are very small, consume less electric power, and can emit lights of different colours based on the semiconductor used in it. It is widely used in the backlighting of TV, mobile phones, automotive lighting, and display boards. The main product types of light-emitting diode are LED lamps and LED fixtures. A LED fixture has LEDs built right into the luminaire. The various technologies used in the products include basic LED, high brightness LED, OLED, polymer and ultraviolet LED that is used by residential, commercial and industrial end-users. The global light emitting diode (LED) market is segmented – 1) By Product Type: LED Lamps, LED fixtures 2) By Technology: Basic LED, High Brightness LED, OLED, Polymer, Ultra violet LED 3) By End-user: Residential, Commercial, Industrial The global light emitting diode (LED) market size will grow from $70.11 billion in 2022 to $78.23 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global light emitting diode is expected to grow to $110.73 billion in 2027 at a CAGR of 9.1%. The increased government focus on saving energy contributed to the growth of the light emitting diode (LED) market. LED lamps are more efficient in terms of energy consumption and provides high luminous intensity. LED consumes less power when compared to incandescent bulbs that reduces the load on electric power plants, which in turn reduces the amount of fuel being burnt to generate electricity. For instance, in January 2020, according to a press release published by Government of India, Ministry of Power, as part of the UJALA initiative, over 36.13 crore LED lights have been distributed across India. This has resulted in anticipated energy savings of 46.92 billion kWh per year, avoided peak demand of 9,394 MW, and a 38 million t CO2 reduction in yearly GHG emissions. Thus, the increased focus of government on saving energy positively drives the growth of LED market. Major players in the light emitting diode market are OSRAM Licht AG, Cree Inc., Phillips Lighting Holding, Lumiled holding B.V, Cooper Industries, Virtual Extension, Dialight PLC., Zumtobel Group AG, Samsung, Sharp Corporation, LG Innotek, and General Electric Company. The harmful effects of LEDs on human health restricts the growth of light emitting diode (LED) market. LEDs uses shortwave light and its prolonged exposure can damage the vision of a person. For instance, in August 2021, according to an article published by Ultralase, a UK-based healthcare company, LED lights are 'phototoxic,' which means they can cause irreversible retinal cell loss and impaired vision clarity. Chronic exposure to LED lights can hasten the ageing of retinal tissue, resulting in a loss of visual acuity and an increased risk of eye illnesses such age-related macular degeneration (AMD). Production of LEDs specifically for horticulture is an emerging trend in the light emitting diode (LED) market. Light plays an important role in promoting the plant’s growth and LEDs have the capability to control the spectrum of the light provided to the plants irrespective of the season. The LED lights used in horticulture not only promotes growth of the fruits and plants but also enhances flavor, color and yields in a shorter time. For instance, in March 2022, Acuity Brands, a US-based lighting and building management firm, launched Verjure brand, a new LED horticulture lighting solution that promotes more consistent and sustainable crop production. The Verjure Pro Series LED has a unique rotational outer module feature that allows for good lighting uniformity on the canopy, and detachable lenses are simple to clean, allowing for full light output to be maintained. In May 2022, Google, a US-based technology company, acquired Raxium for an undisclosed amount. With the acquisition of Raxium, Google will be able to advance its objective of developing useful devices and services to better people's daily lives. Raxium is a US-based company that develops tiny light-emitting diodes for displays used in augmented and mixed reality devices. Asia-Pacific was the largest region in the light emitting diode market in 2022. North America was the second-largest region in the light emitting diode market share. The regions covered in the global light emitting diode market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the light emitting diode market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The light emitting diode (LED) market consists of sales of LED lamps and LED fixtures. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The light emitting diode (LED) market research report is one of a series of new reports from The Business Research Company that provides light emitting diode (LED) market statistics, including light emitting diode (LED) market size, regional shares, competitors with a light emitting diode (LED) market share, detailed light emitting diode (LED) market segments, market trends and opportunities, and any further data you may need to thrive in the light emitting diode (LED) industry. This light emitting diode (LED) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A smart bulb is an internet-enabled LED light bulb that allows the lighting to be personalized, programmed, and regulated. Smart LED bulbs are used in indoor and outdoor lighting. The technologies used in smart LED bulbs are wired technology and wireless technology. Wired technology smart LED bulbs are connected through wires. It is applied in both indoor lighting, and outdoor lighting and installed as a new installation and retrofit. The global smart LED bulbs market is segmented - 1) By Technology: Wired Technology, Wireless Technology 2) By Application: Indoor Lighting, Outdoor Lighting 3) By Installation Type: New Installation, Retrofit The global smart led bulbs market size will grow from $11.08 billion in 2022 to $13.81 billion in 2023 at a compound annual growth rate (CAGR) of 24.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global smart led bulbs is expected to grow to $29.42 billion in 2027 at a CAGR of 20.8%. The development of smart cities is a key factor driving the growth of the smart LED bulb market. The lighting of smart cities will play a major role in future growth and the future of street lighting systems in smart cities will be LED lighting networks. With the rise of smart cities, the lighting controls industry will be driven as countries will witness a revolution in the areas of light management. For instance, in March 2021, according to the Indian Brand Equity Foundation (IBEF) report, an India-based government agency for providing economic information, the government of India announced an investment of $ 28.31 billion for the "Smart City Mission" in 2020 additionally, by 2020, 176,059 crores (US$ 24.31 billion), or 86% of the total, will have been offered to complete projects. Therefore, the development of smart cities is expected to drive the smart LED bulb market growth. Major players in the smart LED bulbs market are Legrand S.A., Acuity Brands Inc., Eaton Corporation, General Electric Company, OSRAM Licht, Honeywell International Inc., Hubbell Incorporated, Koninklijke Philips N.V., Cree Inc., and Lutron Electronics. The higher cost of installation of smart LED bulbs is a key factor hampering the growth of the smart LED bulbs market. The initial cost of integrating or replacing the lighting system in industrial installations is high, especially for small and medium-sized industries. Popular brands of smart LED bulbs such as Philips Hue and LIFX can at times charge as much as $60 per bulb, depending on factors such as form, size, and whether they can produce different colors or simply varying shades of white. Therefore, the higher cost of installation is expected to limit the smart LED bulbs market growth. Wi-Fi-enabled LED bulbs are a key trend in the smart LED bulbs market. Wi-Fi-enabled LED bulbs connect to the home router and therefore, do not need a network that cuts down on clutter and problems. Wi-Fi-capable lights can be operated easily through the brand-connected application. They can also be used with smart assistants, like Alexa and Google, to monitor the lights. Lifx is one of the upcoming players for Wi-Fi LED lights, the brand is widely seen as Philips' top competitor, leading the way in new, intelligent lighting. Although Lifx lights are more expensive than the products of Philips, they burn brighter, last longer, and give off infrared light in the dark, making them suitable for outdoor and porch fixtures near security cameras. In March 2021, SMART Global Holdings, Inc., a US-based company operating in LED lighting solutions acquired Cree, Inc. for a deal of $300 million. Through this acquisition, SMART Global Holdings, Inc. aims to expand its diversification strategy in the LED lighting market. Cree, Inc. is a US-based LED product manufacturer. Asia-Pacific was the largest region in the smart LED bulbs market in 2022. Western Europe was the second-largest region in the global smart LED bulbs market share. The regions covered in the global smart LED bulbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart LED bulbs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The smart LED bulbs market consists of sales of wired smart LED bulbs and wireless smart LED bulbs. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart LED bulbs market research report is one of a series of new reports from The Business Research Company that provides smart LED bulbs market statistics, including smart LED bulbs industry global market size, regional shares, competitors with a smart LED bulbs market share, detailed smart LED bulbs market segments, market trends and opportunities, and any further data you may need to thrive in the smart LED bulbs industry. This smart LED bulb market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A solar photovoltaic panel is a device that absorbs the sun's rays and converts them into electricity or heat. Photovoltaics (PV) is the technology for converting sunlight into electricity by using semiconductors. When the PV cells receive the sun's rays, the electrons in the semiconductors are released and their movement generates an electric current. These PV cells are packaged behind glass to form photovoltaic modules with an average service life of 20-40 years. The main grid types of solar photovoltaic panel manufacturing are grid-connected and off-grid. An installation that is not connected to the electricity grid is referred to as an off-grid solar photovoltaic system. This means that the entire amount of energy generated is stored and used on-site. Off-grid photovoltaic systems rely on energy stored in a battery bank to operate. The various technologies involved are thin-film, crystalline silicon, and others that are used by residential, commercial, and utility-scale end-users. The global solar photovoltaic panel manufacturing market is segmented - 1) By Technology: Thin Film, Crystalline Silicon, Other Technologies 2) By End-Use: Residential, Commercial, Utility-Scale 3) By Grid Type: Grid Connected, Off-Grid The global solar photovoltaic panel market size will grow from $193.56 billion in 2022 to $217.42 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global solar photovoltaic panel is expected to grow to $339.07 billion in 2027 at a CAGR of 11.8%. Favorable government initiatives such as tax subsidies and huge investments favor the growth of the solar photovoltaic panel manufacturing market. In India, MNRE (Ministry of New and Renewable Energy - Central Government) has set the target to achieve 227 Gigawatts (22,70,00,000 kilowatt) of electricity production from solar PV cells by 31 March 2022. To achieve this target, the Indian government is promoting solar PV cell production through huge investments and policies that influence the solar PV panel manufacturing market directly or indirectly. For instance, the government of India has sectioned an amount of $0.71 billion (5000 crores) for solar subsidies. The Jawaharlal Nehru National Solar Mission scheme is being implemented by IREDA (Indian Renewable Energy Development Agency Ltd.) through NABARD (National Bank for Agriculture and Rural Development). The scheme provides a 40% subsidy on capital costs of solar PV systems for units located in both urban and rural areas in India. India is also supported by the Asian Development Bank (ADB), which announced a grant of USD 500 million towards rooftop solar PV panel systems, which will help the Indian government increase its renewable energy penetration by using solar energy. Another such example is the Swedish government, under Regulation No. 2009:689, which authorizes grants for the installation of on-grid photovoltaics that started in July 2009 or later and is proposed to be completed by 31 December 2020. Major players in the solar photovoltaic panel manufacturing market are Trina, Canadian Solar, Jinko, Hanwha Q-Cell, SunPower, Panasonic Corporation, Q.ANTUM technology, Mitsubishi Electric, Suntech Power Holding Co. Ltd., and Vikram Solar. The growth of the solar photovoltaic (PV) panel manufacturing market is restricted by unfair trade and sales practices in the market. The unfair trade practices hamper the growth of local industries as well as industries that are trading at a global level. For instance, the entry and sales of solar PV panels manufactured in China into North American and European markets at extremely low prices have led to complaints of unfair trade practices. In the US, the Trump administration has imposed a 30% one-year tariff on the import of solar PV cells to compensate for unfair trade practices, In Europe, the European Commission and the major Chinese manufacturers reached an agreement on the minimum prices and the shipping volume. Further, to curb the losses because of unfair trade practices, the US Department of Commerce established anti-dumping and anti-subsidy duties on Solar PV modules from China. The solar photovoltaic panel manufacturing market is experiencing several significant trends that are focused on improving the rate of power production from the panels. Photovoltaic manufacturers are shifting towards monocrystalline cell technology from the more common multi-crystalline cells and modules is a prominent trend faced by the solar photovoltaic panel manufacturing industry. These cells form the building block of photovoltaic panels. Monocrystalline panels have a high-power output, occupy less space, and last longer because the formation of cells in these panels allows more freedom for the electrons to move, resulting in a higher efficiency compared to multi-crystalline cells. Many large developers in the solar photovoltaic panels manufacturing market have already increased their production of monocrystalline panels. For instance, monocrystalline solar, with an overall growth rate of 11.1%, is expected to hit $20.5 billion in 2020-2027 marking the emerging trend. Companies such as LONGi Solar, a subsidiary of LONGi Green Energy Technology are leading the mono-crystalline solar module manufacturers market. The company has experienced an increase in sales in the high-efficiency monocrystalline panels module segment. Further, companies such as LG Solar and JinkoSolar have also started investing more in the manufacturing of solar photovoltaic panels with monocrystalline cell technology. The entities in the solar photovoltaic panel manufacturing market have to abide by the regulatory framework decided by the government of the geographic region they are operating in. Such regulations are created to promote transparency, good faith, and understanding among the players in the market. Solar Energy Industries Association is one such regulatory body that provides guidelines for industries in the US solar energy industry. The SEIA Solar Business Code provides guiding principles for companies to conduct business without any unfair, deceptive, or abusive acts or practices, guidelines related to advertising the solar products of the company, guidelines related to sales and marketing of the company, and regarding the ownership of Renewable Energy Certificate (“REC”). In March 2020, LONGi Solar, a Chinese manufacturer of high-efficiency mono-crystalline solar cells and modules acquired Ningbo Jiangbei Yize New Technology for $252.8 million. Through this acquisition, LONGi Solar enhances its production capacity to over 10 GW. Ningbo Jiangbei Yize New Technology is a China-based solar manufacturer that develops, manufactures, and distributes solar photovoltaic products. Asia-Pacific was the largest region in the solar photovoltaic panel manufacturing market in 2022. The regions covered in the global solar photovoltaic panel manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the solar photovoltaic panel manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The solar photovoltaic panel manufacturing market consists of sales of grid-connected photovoltaic systems and off-grid photovoltaic systems. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The solar photovoltaic panel manufacturing market research report is one of a series of new reports from The Business Research Company that provides solar photovoltaic panel manufacturing market statistics, including solar photovoltaic panel manufacturing industry global market size, regional shares, competitors with a solar photovoltaic panel manufacturing market share, detailed solar photovoltaic panel manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the solar photovoltaic panel manufacturing industry. This solar photovoltaic panel manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.