Packaged LED Market Analysis

The global packaged LED market is segmented and analyzed for demand and supply by type into F5, COB, SMDs, high power. Out of these segments, the SMDs segment is anticipated to garner the largest revenue by the end of 2036, backed by its excellent versatility and its growing industrial demand, along with its rising usage of LEDs in hotels to curb the carbon emission level worldwide. For instance, LED lighting consumes 40% less power than fluorescents and 80% less power than incandescent bulbs to produce the same amount of light, and the hotel industry is expected to reduce carbon emissions by 66% and 90% by 2030 and 2050, respectively.

Our in-depth analysis of the global packaged LED market includes the following segments: