As per the work done in the global LED chip market for the period 2014-2019, there is a chance for its further growth over the period 2015-2019.

According to a recent analysis of present scenario in terms of revenue and unit shipment in the period 2014-2019, the global LED chip is expected to grow over the period 2015-2019. According to the estimation, in terms of the revenue the LED chip market for the period can grow at a Compound Annual Growth Rate (CAGR) of 12.89 percent. Similarly, in terms of the unit shipment the LED market can grow at a CAGR of 30.20 percent.

Based on the analysis, a report for the Global chip market has been prepared. This report includes an in-depth market analysis with inputs from industry experts. The key regions that were considered in the analysis are America, EMEA and APAC. And the key vendors are Cree, Epistar, Nichia, OSRAM Opto Semiconductors and Philips Lumileds Lighting Company.

This growth in the LED chip market is due to the increasing demand of LED chips, especially in the general lighting segment that is growing year on year. LED chip is a core component of the LED lighting system, and it is used as a base for the lighting devices. LED chips are highly energy-efficient and produce low carbon emissions as compared to the incandescent and halogen lighting. LED chip possesses a large number of properties that is why its demand is increasing day by day.

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