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High Brightness LEDs Market

Top Tech Trends Driving across the High Brightness LED Industry

 

LEDs are lightening our lives for a long time now. These were first used in the 1970s, but the way transformation has hit these devices is quite noticeable. From different colors and brightness options to their energy- efficiency these lights, for a fact, has modified the environment all across. Among LEDs, moreover, the high brightness LEDs segment is increasingly becoming popular. 

High brightness LEDs are basically used for lighting applications. These high-power LEDs offer much higher levels of light output than traditional LEDs. The technology, along with high levels of performance offers greater efficiency for a longer lifetime. The technology has been through several advancements from the basic LED technology for enabling high brightness. Furthermore, with surface mount technology, high brightness LEDs have been developed in a way that offers higher levels of brightness. 

High brightness LEDs are significantly getting used for mobile and electronic applications due to their longer life span and reduced cost of their components. In addition, the rise in demand for display and large screen backlighting is boosting the advancements in high-power LEDs. Along with this, the market players are also initiating numerous strategies and following emerging trends. 

The Internet of Things (IoT), is growing out as one of the most significant trends. Not only in terms of connected computers or smartphones but also in other internet-enabled gadgets.

Li-Fi (Light-fidelity), is another major trend across the industry. Li-Fi systems are way faster, in this case, the light bulbs can also be used as routers to enable data transfer. However, Li-Fi also has some disadvantages such as the reliance on the light for operation of the Internet. Also, some security issues and signal restrictions lead to hampering this trend to a certain extent.

Wireless lighting technology is also growing out to be a key trend. Wireless LED lighting equipment can be controlled regardless of cabled connectivity. Such fixtures are highly supporting green outdoor lighting. Furthermore, these are well known for consuming little energy along with releasing nominal heat, which also helps in controlling the production of carbon dioxide by the lights.

The lighting industry has come a far way and is still evolving at a rapid pace. With a considerable amount of improvements in technology, LEDs have now almost completely swapped the option of traditional lights. Moreover, high brightness LED light is one of the highest growing segments and is expected to elevate even more in the coming years. According to a report published by Allied Market Research, the global high brightness LED market is estimated to garner $29 billion by 2022.

The applications of high brightness LEDs are increasing at a large scale. In addition, the falling cost of LED components is another major reason that drives the growth of the market. The government bodies, furthermore, are focusing on and initiating energy conservation projects. Besides, the rising trend of green construction is also leading to paving the way for numerous opportunities. And with all these aspects, moreover, the market is expected to grow exponentially in the near future.