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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.
• Technavio's 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.
LED Lighting Market in South Korea 2015-2019
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Market Overview• 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.
• 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.
• Technavio's analysts forecast the LED lighting market in South Korea to grow at a CAGR of 22.99% over the period 2014-2019.
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South Korea 2015-2019,please mail us at
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Key Vendors and Regions
• Cree
• LG Innotek
• Nichia
• Osram Opto Semiconductors
• Philips Lumileds Lighting
• Samsung LED
• Seoul Semiconductor
• GE Lighting
View Our Report: LED Lighting Market in South Korea 2015-2019
• South Korea
Vendors Regions
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Key Findings
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• Since many vendors seek leadership in the market, the trend of providing superior lighting services along with innovative products and solutions is gaining traction.
• The declining ASP of LED lamps stems from the presence of a good mix of high-, medium-, and low-end products in the market.
• LED lighting will likely take another five years to reach its peak penetration level.
• This will provide tier 2 companies with more time to expand their existing capacities and bring about technological improvements.
• We expect vertical integration to also gain more momentum across the value chain, especially among the top vendors, which will likely fuel an increase in the adoption of mid- and low-end LED lighting products.
Key Questions Answered in Our Report
• What will the market size be in 2019 and what will the growth rate be?
• 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?
• What are the strengths and weaknesses of the key vendors?
Have a question of your own about this report?
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• Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from Technavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
• Technavio was founded in 2003 in London. We have about 300 analysts globally. We cover more than 500 technologies across 80 countries. Traditional media such as Forbes Asia and New York Times, along with other web media portals, like to quote us.
About Technavio
Some of our clients include:ACT Global, Flextronics, Huawei Technologies Co, Infosys, Harris Corporation, Infosys, Intercad, Hidaka Precision Tools & Dies Company, Huawei Technologies Co, American Capital, Analysis Group, Netscout, NTT DoCoMo
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LED Lighting Market in South Korea 2015-2019
60 Pages | SKU: IRTNTR6232
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