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LED Market in Asia-Pacific Would Reach $35.79 Billion by 2020, Projects ApacMarket.comSYDNEY, May 21, 2015 /PRNewswire/ -- According to a new report by ApacMarket.com, "Asia-Pacific Light Emitting Diodes (LED) (China, Japan, South Korea, India) Market (Technology, Application and Countries) - Analysis, Segmentation and Forecast, 2014 - 2020", the Asia-Pacific LED market is expected to reach $35.79 billion by 2020, at a CAGR of 15.7% during the forecast period (2015-2020). The high brightness LED segment is expected to grow swiftly and continue to account for the highest market share, contributing to over 60% of the total market revenue, throughout the forecast period (2015-2020). (Logo: http://photos.prnewswire.com/prnh/20150521/745123 ) To request more information or free sample or purchase the copy of the report, visit: http://www.apacmarket.com/top-market/apac-LED-china-japan-korea-india-market Asia-Pacific is the largest market for LEDs in the world. The market scenario in this region features aggressive expansions of production facilities by manufacturers and projects an optimistic outlook. Major companies such as Samsung SDI and RIT Display are investing substantially on the development of advanced OLED display technologies. The UV LED segment, though at nascent stage currently, is forecast to grow at a rapid rate due to its increasing application in medical treatments and forensic tests. Early adoption of UV LED technology in Japan and China, and growing prospects in healthcare sector across developing regions such as India, are expected to largely contribute to the growth of UV LED technology. Growth in medical tourism and the lower cost of treatments are expected to further strengthen the adoption of UV LED technology, especially in developing countries of the region. General lighting and mobile devices are the two largest segments where LED technology is implemented. Mobile devices segment accounts for about 27% of the total LED market revenue in 2014 and would remain the top segment throughout the forecast period. On the other hand, general lighting segment accounts for nearly 25% of the total revenue of Asia-Pacific LED maket in 2014. Both residential and commercial applications will boost the market for general lighting during the forecast period. However, residential users are expected to drive the market with a slower adoption rate than commercial applications in offices, hotels, hospitals and other areas. Key findings of the study:
Related reports by ApacMarket.com Asia-Pacific Touch Panel Market - the Asia-Pacific touch panel market is expected to reach $13.48 billion by 2020, registering a CAGR of 12.8% during 2014 - 2020. With the highest technology adoption rate, China region holds around 57.65% share of the touch panel market by revenue in 2013. Smartphone segment holds more than 70% market share followed by tablet PCs. In the coming years applications such as Smartwatch, smart TV, and industrial display would exhibit incremental growth, with CAGR of 41.9%. http://www.apacmarket.com/top-market/touch-panel-china-japan-malaysia-singapore-market Increasing application of LEDs in general lighting, mobile devices and other applications has compelled manufacturers to focus on innovative LED lightning products and amplify their production. Companies are adopting alliance and partnership, and product launch as their key strategies to gain a higher market share. For instance, OSRAM entered into an agreement with Sharp Corporation for the cross licensing of patents. The agreement comprises patents of both the companies in the field of opto-electronic semiconductor components and lighting products. Prominent companies profiled in the report include Samsung Electronics Co. Ltd., Cree Corporation, Seoul Semiconductor Co. Ltd., Osram Licht AG, Nichia Corporation, LG Innotek Co. Ltd., GE Lighting Solution, Toyoda Gosei Co. Ltd., Philips Lumileds Lightning Company and Panasonic Corporation. About Us With cutting edge innovative solution, ApacMarket.com is a world leader in providing market research strategies in Asia Pacific region. We make a comprehensive coverage of Asia Pacific market so that you understand your customers and markets in-depth. Offering unbiased data and minute details of this region, ApacMarket.com ensures you and your organization best research strategies to implement. Keeping your organization's need in mind, our team of experts provides you with the finest of market and customer information along with socio-economic status of the region. We operate on multi-knowledge chain to provide you with deep analysis, useful information, actionable insights that will help you and you're organization in strategically planning your business moves. Our highly qualified and well experienced analysts will give you a deep understanding of local, national and global events that will prove immensely beneficial to your business needs. ApacMarket.com formed with the intention to deliver best research services; provides you with unmatchable actionable business insights and solutions. ApacMarket.com has demonstrated high potential to locate opportunities for business expansion. We have a powerful knack to present the ground realities of your consumers and markets like no one else. Contact Us SOURCE ApacMarket.com 
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