Led Module Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00895
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.38 |
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LED Module Market Analysis Report 2023-2032:
The LED Module Market size is estimated to grow at a CAGR of 6.78% between 2022 and 2032. The market size is forecast to increase by USD 9,567.89 million. The growth of the market depends on several factors, including the increasing demand for energy-efficient lighting solutions, government initiatives promoting the adoption of LED lighting, and the growing popularity of smart lighting systems. An LED module refers to a compact unit that integrates multiple light-emitting diodes (LEDs) and associated components into a single module. It is used in various applications, including residential, commercial, and industrial lighting, as well as in automotive lighting and signage. LED modules offer several advantages over traditional lighting solutions, including higher energy efficiency, longer lifespan, and better color rendering capabilities.
LED Module Market Overview
Drivers
One of the key factors driving the LED module market growth is the increasing demand for energy-efficient lighting solutions. LED modules are known for their high energy efficiency, consuming significantly less power compared to traditional lighting technologies such as incandescent or fluorescent bulbs. This energy efficiency not only helps in reducing electricity consumption but also contributes to cost savings for consumers and businesses. Additionally, the growing awareness about environmental sustainability and the need to reduce carbon emissions have further fueled the demand for energy-efficient lighting solutions, driving the growth of the LED module market.
Moreover, government initiatives promoting the adoption of LED lighting have played a significant role in driving market growth. Many governments around the world have implemented regulations and policies to phase out inefficient lighting technologies and promote the use of energy-efficient alternatives such as LED lighting. These initiatives include subsidies, tax incentives, and awareness campaigns to encourage consumers and businesses to switch to LED lighting. As a result, there has been a widespread adoption of LED modules in various lighting applications, further driving market growth.
Trends
A key trend shaping the LED module market growth is the increasing popularity of smart lighting systems. Smart lighting systems utilize LED modules along with advanced control and connectivity features to enable remote control, automation, and customization of lighting settings. These systems offer benefits such as energy savings, enhanced convenience, and improved lighting experiences for users. The growing demand for smart homes and smart buildings, coupled with the increasing adoption of Internet of Things (IoT) technology, has fueled the demand for smart lighting systems, driving the growth of the LED module market.
Additionally, the integration of LED modules with other technologies such as sensors, wireless connectivity, and artificial intelligence (AI) is opening up new opportunities and applications in areas such as smart cities, outdoor lighting, and automotive lighting. For example, LED modules integrated with sensors can enable adaptive lighting systems that adjust brightness based on ambient light conditions or occupancy. Similarly, the integration of wireless connectivity and AI capabilities allows for intelligent lighting control and energy management. These advancements in LED module technology are driving market growth and expanding the possibilities for innovative lighting solutions.
Restraints:
One of the key challenges hindering the LED module market growth is the initial high cost of LED lighting solutions. LED modules are generally more expensive upfront compared to traditional lighting technologies. Although the prices of LED modules have been decreasing over the years, the initial cost can still be a barrier for some consumers and businesses, especially in developing regions or price-sensitive markets. However, it is important to note that LED lighting solutions offer long-term cost savings due to their energy efficiency and longer lifespan, which can offset the initial investment.
Furthermore, the availability of low-quality or counterfeit LED modules in the market poses a challenge to market growth. These substandard products may not meet the required quality and performance standards, leading to issues such as poor light output, shorter lifespan, and safety hazards. The presence of such products can undermine consumer confidence in LED lighting and hinder market growth. Therefore, ensuring the availability of reliable and high-quality LED modules is crucial for the sustained growth of the market.
LED Module Market Segmentation By Application
The commercial lighting segment is estimated to witness significant growth during the forecast period. LED modules are widely used in commercial lighting applications such as offices, retail stores, hotels, and restaurants. The energy efficiency, long lifespan, and superior lighting quality offered by LED modules make them an ideal choice for commercial spaces where lighting is required for extended periods. Additionally, the increasing focus on creating visually appealing and well-lit environments in commercial settings has further fueled the demand for LED modules. The commercial lighting segment is expected to drive the market growth during the forecast period.
The residential lighting segment is also expected to contribute to the market growth. LED modules are increasingly being adopted in residential lighting applications due to their energy efficiency, long lifespan, and versatility in terms of design and color options. The growing awareness about the benefits of LED lighting among homeowners, coupled with the availability of a wide range of LED module products, has led to the widespread adoption of LED modules in residential settings. The residential lighting segment is expected to witness steady growth during the forecast period.
LED Module Market Segmentation By Type
The surface-mounted LED module segment is estimated to witness significant growth during the forecast period. Surface-mounted LED modules are compact and easy to install, making them suitable for various lighting applications. They are widely used in applications such as downlights, panel lights, and troffers, where a sleek and seamless lighting design is desired. The surface-mounted LED module segment is expected to drive the market growth due to its versatility and ease of installation.
The chip-on-board (COB) LED module segment is also expected to contribute to the market growth. COB LED modules offer high light output and excellent color consistency, making them suitable for applications that require bright and uniform lighting, such as high-bay lighting, street lighting, and automotive lighting. The COB LED module segment is expected to witness steady growth during the forecast period.
Regional Overview
APAC is estimated to contribute 48% to the growth of the global market during the forecast period. The region has witnessed significant growth in the LED module market due to factors such as rapid urbanization, infrastructure development, and government initiatives promoting energy-efficient lighting. Countries like China, India, and Japan have been at the forefront of LED module adoption, driven by the increasing demand for energy-efficient lighting solutions and the presence of a large consumer base. Additionally, the growing awareness about environmental sustainability and the need to reduce carbon emissions have further fueled the demand for LED modules in the region. APAC is expected to remain a key market for LED modules during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global LED module market witnessed a temporary slowdown due to disruptions in the supply chain and construction activities. However, as the situation improved and economic activities resumed, the market started recovering. The increasing focus on energy efficiency, sustainability, and smart lighting solutions is expected to drive the market during the forecast period.
LED Module Market Customer Landscape
The LED module market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major LED Module Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Samsung Electronics Co., Ltd.: Samsung is a global technology company known for its consumer electronics, including LED lighting products and modules.
LG Innotek: LG Innotek is a subsidiary of LG Group and is a leading provider of LED modules and components for various applications, including lighting.
Nichia Corporation: Nichia is a Japanese company that is one of the world's largest LED manufacturers, producing a wide range of LED products, including modules.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
- Acuity Brands Inc.
- Broadcom Inc.
- Cisco Systems Inc.
- Cree Inc.
- EDIMAX Technology Co. Ltd.
- Epistar Corp.
- General Electric Co.
- Huawei Technologies Co. Ltd.
- Infineon Technologies AG
- Intel
- LG Innotek Co. Ltd.
- Nichia Corp.
- OSRAM Licht AG
- Philips Lighting Holding B.V.
- Samsung Electronics Co. Ltd.
- Seoul Semiconductor Co. Ltd.
- Signify Holding B.V.
- Toyoda Gosei Co. Ltd.
- Tridonic GmbH & Co. KG
- Universal Display Corp
Segment Overview:
The LED module market report offers revenue forecasts for global, regional, and country levels, alongside an analysis of emerging trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
- General Illumination
- Automotive Lighting
- Backlighting
- Others
- Type Outlook (USD Million, 2019 - 2032)
- LED Strip Modules
- LED Downlight Modules
- LED Spotlight Modules
- LED Linear Modules
- Others
- Geography Outlook (USD Million, 2019 - 2032)
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Argentina
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Table of Contents
United States LED Module Market Report 2017
1 LED Module Overview
1.1 Product Overview and Scope of LED Module
1.2 Classification of LED Module by Product Category
1.2.1 United States LED Module Market Size (Sales Volume) Comparison by Type (2012-2022)
1.2.2 United States LED Module Market Size (Sales Volume) Market Share by Type (Product Category) in 2016
1.2.3 Low Power (0.3W Below)
1.2.4 Middle Power (0.3-0.5W)
1.2.5 High Power (1W and above)
1.3 United States LED Module Market by Application/End Users
1.3.1 United States LED Module Market Size (Consumption) and Market Share Comparison by Application (2012-2022)
1.3.2 Advertising
1.3.3 Lighted Wallpaper
1.3.4 Others
1.4 United States LED Module Market by Region
1.4.1 United States LED Module Market Size (Value) Comparison by Region (2012-2022)
1.4.2 The West LED Module Status and Prospect (2012-2022)
1.4.3 Southwest LED Module Status and Prospect (2012-2022)
1.4.4 The Middle Atlantic LED Module Status and Prospect (2012-2022)
1.4.5 New England LED Module Status and Prospect (2012-2022)
1.4.6 The South LED Module Status and Prospect (2012-2022)
1.4.7 The Midwest LED Module Status and Prospect (2012-2022)
1.5 United States Market Size (Value and Volume) of LED Module (2012-2022)
1.5.1 United States LED Module Sales and Growth Rate (2012-2022)
1.5.2 United States LED Module Revenue and Growth Rate (2012-2022)
2 United States LED Module Market Competition by Players/Suppliers
2.1 United States LED Module Sales and Market Share of Key Players/Suppliers (2012-2017)
2.2 United States LED Module Revenue and Share by Players/Suppliers (2012-2017)
2.3 United States LED Module Average Price by Players/Suppliers (2012-2017)
2.4 United States LED Module Market Competitive Situation and Trends
2.4.1 United States LED Module Market Concentration Rate
2.4.2 United States LED Module Market Share of Top 3 and Top 5 Players/Suppliers
2.4.3 Mergers & Acquisitions, Expansion in United States Market
2.5 United States Players/Suppliers LED Module Manufacturing Base Distribution, Sales Area, Product Type
3 United States LED Module Sales (Volume) and Revenue (Value) by Region (2012-2017)
3.1 United States LED Module Sales and Market Share by Region (2012-2017)
3.2 United States LED Module Revenue and Market Share by Region (2012-2017)
3.3 United States LED Module Price by Region (2012-2017)
4 United States LED Module Sales (Volume) and Revenue (Value) by Type (Product Category) (2012-2017)
4.1 United States LED Module Sales and Market Share by Type (Product Category) (2012-2017)
4.2 United States LED Module Revenue and Market Share by Type (2012-2017)
4.3 United States LED Module Price by Type (2012-2017)
4.4 United States LED Module Sales Growth Rate by Type (2012-2017)
5 United States LED Module Sales (Volume) by Application (2012-2017)
5.1 United States LED Module Sales and Market Share by Application (2012-2017)
5.2 United States LED Module Sales Growth Rate by Application (2012-2017)
5.3 Market Drivers and Opportunities
6 United States LED Module Players/Suppliers Profiles and Sales Data
6.1 Nichia
6.1.1 Company Basic Information, Manufacturing Base and Competitors
6.1.2 LED Module Product Category, Application and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 Nichia LED Module Sales, Revenue, Price and Gross Margin (2012-2017)
6.1.4 Main Business/Business Overview
6.2 SAMSUNG
6.2.2 LED Module Product Category, Application and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 SAMSUNG LED Module Sales, Revenue, Price and Gross Margin (2012-2017)
6.2.4 Main Business/Business Overview
6.3 EPISTAR
6.3.2 LED Module Product Category, Application and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 EPISTAR LED Module Sales, Revenue, Price and Gross Margin (2012-2017)
6.3.4 Main Business/Business Overview
6.4 Cree
6.4.2 LED Module Product Category, Application and Specification
6.4.2.1 Product A
6.4.2.2 Product B
6.4.3 Cree LED Module Sales, Revenue, Price and Gross Margin (2012-2017)
6.4.4 Main Business/Business Overview
6.5 Osram
6.5.2 LED Module Product Category, Application and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Osram LED Module Sales, Revenue, Price and Gross Margin (2012-2017)
6.5.4 Main Business/Business Overview
6.6 PHILIPS Lumileds
6.6.2 LED Module Product Category, Application and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 PHILIPS Lumileds LED Module Sales, Revenue, Price and Gross Margin (2012-2017)
6.6.4 Main Business/Business Overview
6.7 SSC
6.7.2 LED Module Product Category, Application and Specification
6.7.2.1 Product A
6.7.2.2 Product B
6.7.3 SSC LED Module Sales, Revenue, Price and Gross Margin (2012-2017)
6.7.4 Main Business/Business Overview
6.8 LG Innotek
6.8.2 LED Module Product Category, Application and Specification
6.8.2.1 Product A
6.8.2.2 Product B
6.8.3 LG Innotek LED Module Sales, Revenue, Price and Gross Margin (2012-2017)
6.8.4 Main Business/Business Overview
6.9 Toyoda Gosei
6.9.2 LED Module Product Category, Application and Specification
6.9.2.1 Product A
6.9.2.2 Product B
6.9.3 Toyoda Gosei LED Module Sales, Revenue, Price and Gross Margin (2012-2017)
6.9.4 Main Business/Business Overview
6.10 Semileds
6.10.2 LED Module Product Category, Application and Specification
6.10.2.1 Product A
6.10.2.2 Product B
6.10.3 Semileds LED Module Sales, Revenue, Price and Gross Margin (2012-2017)
6.10.4 Main Business/Business Overview
7 LED Module Manufacturing Cost Analysis
7.1 LED Module Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of LED Module
8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 LED Module Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of LED Module Major Manufacturers in 2016
8.4 Downstream Buyers
9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List
10 Market Effect Factors Analysis
10.1 Technology Progress/Risk
10.1.1 Substitutes Threat
10.1.2 Technology Progress in Related Industry
10.2 Consumer Needs/Customer Preference Change
10.3 Economic/Political Environmental Change
11 United States LED Module Market Size (Value and Volume) Forecast (2017-2022)
11.1 United States LED Module Sales Volume, Revenue Forecast (2017-2022)
11.2 United States LED Module Sales Volume Forecast by Type (2017-2022)
11.3 United States LED Module Sales Volume Forecast by Application (2017-2022)
11.4 United States LED Module Sales Volume Forecast by Region (2017-2022)
12 Research Findings and Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
List of Tables and Figures
Figure Product Picture of LED Module
Figure United States LED Module Market Size (K Units) by Type (2012-2022)
Figure United States LED Module Sales Volume Market Share by Type (Product Category) in 2016
Figure Low Power (0.3W Below) Product Picture
Figure Middle Power (0.3-0.5W) Product Picture
Figure High Power (1W and above) Product Picture
Figure United States LED Module Market Size (K Units) by Application (2012-2022)
Figure United States Sales Market Share of LED Module by Application in 2016
Figure Advertising Examples
Table Key Downstream Customer in Advertising
Figure Lighted Wallpaper Examples
Table Key Downstream Customer in Lighted Wallpaper
Figure Others Examples
Table Key Downstream Customer in Others
Figure United States LED Module Market Size (Million USD) by Region (2012-2022)
Figure The West LED Module Revenue (Million USD) and Growth Rate (2012-2022)
Figure Southwest LED Module Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Middle Atlantic LED Module Revenue (Million USD) and Growth Rate (2012-2022)
Figure New England LED Module Revenue (Million USD) and Growth Rate (2012-2022)
Figure The South of US LED Module Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Midwest LED Module Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States LED Module Sales (K Units) and Growth Rate (2012-2022)
Figure United States LED Module Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States LED Module Market Major Players Product Sales Volume (K Units) (2012-2017)
Table United States LED Module Sales (K Units) of Key Players/Suppliers (2012-2017)
Table United States LED Module Sales Share by Players/Suppliers (2012-2017)
Figure 2016 United States LED Module Sales Share by Players/Suppliers
Figure 2017 United States LED Module Sales Share by Players/Suppliers
Figure United States LED Module Market Major Players Product Revenue (Million USD) (2012-2017)
Table United States LED Module Revenue (Million USD) by Players/Suppliers (2012-2017)
Table United States LED Module Revenue Share by Players/Suppliers (2012-2017)
Figure 2016 United States LED Module Revenue Share by Players/Suppliers
Figure 2017 United States LED Module Revenue Share by Players/Suppliers
Table United States Market LED Module Average Price (USD/Unit) of Key Players/Suppliers (2012-2017)
Figure United States Market LED Module Average Price (USD/Unit) of Key Players/Suppliers in 2016
Figure United States LED Module Market Share of Top 3 Players/Suppliers
Figure United States LED Module Market Share of Top 5 Players/Suppliers
Table United States Players/Suppliers LED Module Manufacturing Base Distribution and Sales Area
Table United States Players/Suppliers LED Module Product Category
Table United States LED Module Sales (K Units) by Region (2012-2017)
Table United States LED Module Sales Share by Region (2012-2017)
Figure United States LED Module Sales Share by Region (2012-2017)
Figure United States LED Module Sales Market Share by Region in 2016
Table United States LED Module Revenue (Million USD) and Market Share by Region (2012-2017)
Table United States LED Module Revenue Share by Region (2012-2017)
Figure United States LED Module Revenue Market Share by Region (2012-2017)
Figure United States LED Module Revenue Market Share by Region in 2016
Table United States LED Module Price (USD/Unit) by Region (2012-2017)
Table United States LED Module Sales (K Units) by Type (2012-2017)
Table United States LED Module Sales Share by Type (2012-2017)
Figure United States LED Module Sales Share by Type (2012-2017)
Figure United States LED Module Sales Market Share by Type in 2016
Table United States LED Module Revenue (Million USD) and Market Share by Type (2012-2017)
Table United States LED Module Revenue Share by Type (2012-2017)
Figure Revenue Market Share of LED Module by Type (2012-2017)
Figure Revenue Market Share of LED Module by Type in 2016
Table United States LED Module Price (USD/Unit) by Types (2012-2017)
Figure United States LED Module Sales Growth Rate by Type (2012-2017)
Table United States LED Module Sales (K Units) by Application (2012-2017)
Table United States LED Module Sales Market Share by Application (2012-2017)
Figure United States LED Module Sales Market Share by Application (2012-2017)
Figure United States LED Module Sales Market Share by Application in 2016
Table United States LED Module Sales Growth Rate by Application (2012-2017)
Figure United States LED Module Sales Growth Rate by Application (2012-2017)
Table Nichia Basic Information List
Table Nichia LED Module Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Nichia LED Module Sales Growth Rate (2012-2017)
Figure Nichia LED Module Sales Market Share in United States (2012-2017)
Figure Nichia LED Module Revenue Market Share in United States (2012-2017)
Table SAMSUNG Basic Information List
Table SAMSUNG LED Module Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure SAMSUNG LED Module Sales Growth Rate (2012-2017)
Figure SAMSUNG LED Module Sales Market Share in United States (2012-2017)
Figure SAMSUNG LED Module Revenue Market Share in United States (2012-2017)
Table EPISTAR Basic Information List
Table EPISTAR LED Module Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure EPISTAR LED Module Sales Growth Rate (2012-2017)
Figure EPISTAR LED Module Sales Market Share in United States (2012-2017)
Figure EPISTAR LED Module Revenue Market Share in United States (2012-2017)
Table Cree Basic Information List
Table Cree LED Module Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Cree LED Module Sales Growth Rate (2012-2017)
Figure Cree LED Module Sales Market Share in United States (2012-2017)
Figure Cree LED Module Revenue Market Share in United States (2012-2017)
Table Osram Basic Information List
Table Osram LED Module Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Osram LED Module Sales Growth Rate (2012-2017)
Figure Osram LED Module Sales Market Share in United States (2012-2017)
Figure Osram LED Module Revenue Market Share in United States (2012-2017)
Table PHILIPS Lumileds Basic Information List
Table PHILIPS Lumileds LED Module Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure PHILIPS Lumileds LED Module Sales Growth Rate (2012-2017)
Figure PHILIPS Lumileds LED Module Sales Market Share in United States (2012-2017)
Figure PHILIPS Lumileds LED Module Revenue Market Share in United States (2012-2017)
Table SSC Basic Information List
Table SSC LED Module Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure SSC LED Module Sales Growth Rate (2012-2017)
Figure SSC LED Module Sales Market Share in United States (2012-2017)
Figure SSC LED Module Revenue Market Share in United States (2012-2017)
Table LG Innotek Basic Information List
Table LG Innotek LED Module Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure LG Innotek LED Module Sales Growth Rate (2012-2017)
Figure LG Innotek LED Module Sales Market Share in United States (2012-2017)
Figure LG Innotek LED Module Revenue Market Share in United States (2012-2017)
Table Toyoda Gosei Basic Information List
Table Toyoda Gosei LED Module Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Toyoda Gosei LED Module Sales Growth Rate (2012-2017)
Figure Toyoda Gosei LED Module Sales Market Share in United States (2012-2017)
Figure Toyoda Gosei LED Module Revenue Market Share in United States (2012-2017)
Table Semileds Basic Information List
Table Semileds LED Module Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Semileds LED Module Sales Growth Rate (2012-2017)
Figure Semileds LED Module Sales Market Share in United States (2012-2017)
Figure Semileds LED Module Revenue Market Share in United States (2012-2017)
Table Production Base and Market Concentration Rate of Raw Material
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Figure Manufacturing Cost Structure of LED Module
Figure Manufacturing Process Analysis of LED Module
Figure LED Module Industrial Chain Analysis
Table Raw Materials Sources of LED Module Major Players/Suppliers in 2016
Table Major Buyers of LED Module
Table Distributors/Traders List
Figure United States LED Module Sales Volume (K Units) and Growth Rate Forecast (2017-2022)
Figure United States LED Module Revenue (Million USD) and Growth Rate Forecast (2017-2022)
Figure United States LED Module Price (USD/Unit) Trend Forecast (2017-2022)
Table United States LED Module Sales Volume (K Units) Forecast by Type (2017-2022)
Figure United States LED Module Sales Volume (K Units) Forecast by Type (2017-2022)
Figure United States LED Module Sales Volume (K Units) Forecast by Type in 2022
Table United States LED Module Sales Volume (K Units) Forecast by Application (2017-2022)
Figure United States LED Module Sales Volume (K Units) Forecast by Application (2017-2022)
Figure United States LED Module Sales Volume (K Units) Forecast by Application in 2022
Table United States LED Module Sales Volume (K Units) Forecast by Region (2017-2022)
Table United States LED Module Sales Volume Share Forecast by Region (2017-2022)
Figure United States LED Module Sales Volume Share Forecast by Region (2017-2022)
Figure United States LED Module Sales Volume Share Forecast by Region in 2022
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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