About LED Directional
LED directional lights to release their light in a designated and focused direction. These lights are efficient, proven directional light sources that stand out from other available options for a variety of reasons. It offers an impressive range of benefits to home and business owners. These lights can be used in an extensive range of applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Asia Pacific Manufacturers will contribute the maximum growth to Global LED Directional market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Philips Lighting (Netherlands), Osram Licht AG (Germany), Cree Inc. (United States), Nichia Corporation (Japan), Rohm (Japan), Samsung (South Korea), LG Innotek (South Korea), Seoul Semiconductor Co Ltd (South Korea), Epistar Corp. (Taiwan) and OptoTech Optikmaschinen Gmbh (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Everlight Electronics (Taiwan), Lite-On (Taiwan) and SANAN OPTOELECTRONICS CO., LTD (China).
Segmentation Overview
AMA Research has segmented the market of Global LED Directional market by Type (Less Than 15W, 15W-50W and Greater Than 50W), Application (Household and Commercial) and Region.
On the basis of geography, the market of LED Directional has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Chanel, the sub-segment i.e. Online will boost the LED Directional market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Energy Efficient Lighting System
Market Growth Drivers:
High Demand for LED Lighting and LED Directional Provides Various Benefits over Traditional Lighting
Challenges:
Availability of Alternatives in Cheaper Rates
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing LED Lighting Industry Worldwide and Rise in the E-Commerce Industry
Market Leaders and their expansionary development strategies
In MAY 2022, JAL Equity has acquired Directional Advertising Solutions, a digital marketing firm. Directional Advertising Solutions was advised by Generational Equity, a M&A advisor for privately held businesses. DAS Group focuses on digital marketing programs for franchise organizations and national and regional brands.
June 2022, Cree LED Inc of Durham, NC, USA (a company of SMART Global Holdings of Milpitas, CA) has launched XLamp Element G LEDs, delivering a new product class with what is claimed to be unmatched light output and efficiency for LEDs of this size. Product samples are available now and production quantities are available with standard lead times.
Key Target Audience
LED Directional Light Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.