Visible LEDs market is anticipated to grow at a considerable CAGR of 13.2% during the forecast period. The visible radiation refers to the wavelength range between 400 nm and 800 nm, which can be perceived by the human eye. The growing demand for LED lights in several applications, such as industrial, and commercial is propelling the market growth. The visible light-emitting diode driver has become an important part of commercial and industrial lights and has helped in the reduction of electricity costs considerably. For instance, in February 2023, Signify Holdings introduced a range of new solutions for the retail industry, including the Philips StoreFlow retail lighting system, Interact Retail hybrid lighting controls, and a collection of luminaires crafted from recycled materials.
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Visible Light Emitting Diode (LED) Market Segmentation
By Technology Type
- AlInGaN
- AlInGaP
- AlGaAs
By Application
- Indoor
- Outdoor
By End Users
- Commercial
- Residential
- Industrial
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Firefly Wireless Networks LLC
- Lucibel SA
- co
- Lumileds Holding B.V.
- Nichia Corporation
- OSRAM International GmbH
- Renesola
- Samsung Electronics Co., Ltd.
- Seoul Semiconductor Co. Ltd.
- Sharp Corp.
- Signify Holding
- Ushio Europe b.v.
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