Packaged GaN LEDs are a type of LEDs that have an encapsulation made of an optical lens, bonding wire, electrode, and resin. Packaged GaN LEDs were invented in Japan by Nichia in 1993 and were made available in the market in the late 1990s. These LEDs are widely used for general lighting applications in residential complexes, offices, retail stores, hospitals, and industries, and also used for outdoor lighting applications. Compared to other types of LEDs, packaged GaN LEDs have some unique advantages including high luminosity and power efficiency. However, their main disadvantage is the high cost compared to standard LEDs.
Analysts forecast the Global Packaged GaN LED market to grow at a CAGR of 8.02 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in the Global Packaged Gallium Nitride Light-emitting Diode (GaN LED) Market: Cree Inc., Epistar Corp., OSRAM Opto Semiconductors GmbH and Samsung Electronics Co. Ltd.
Other Prominent Vendors in the market are: LG Innotek, Nichia, Philips Lumileds and Seoul Semiconductor.
One of the major trends emerging in the market is the declining average selling price of LED light bulbs, which is expected to increase their adoption in various general lighting applications, predominantly in the residential sector.
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Covered in this Report
This report covers the present scenario and the growth prospects of the Global Packaged GaN LED market for the period 2014-2018. In terms of application, the Global Packaged GaN LED market can be segmented into five: Cellphone Applications, Digital Signage Applications, General Lighting Applications, TV Applications, and Other Applications.
Global Packaged GaN LED Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Packaged GaN LED market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
According to the report, one of the main drivers in this market is the increased adoption of packaged GaN LEDs in general lighting applications because of their higher luminosity and power efficiency.
Further, the report states that the limited thermal tolerance of GaN LEDs is one of the major challenges in this market. High-temperature environment such as that seen in industrial applications not only reduces the power efficiency of GaN LED bulbs, but also shortens their life span.
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