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LED Secondary Optic Market: Lucrative Opportunities Across Globe

News   •   Apr 13, 2018 09:26 EDT

LED secondary optics are mainly those optics that does exist outside of LED package, like fresnel lenses, reflector cavities, and the pillow lenses. LED secondary optic is actually being used for the purpose of creating the preferred appearance and the light beam pattern of the LED signal lamp. The demand of the LED secondary optic is likely to be driven by the higher adoption of the smart and wireless LED in residential and commercial sector.

Increasing demand of large diameter wafers and migration towards the sapphire substrate is one of the major growth driver for the LED secondary optic market. In addition, the growing emergence of street lighting in smart cities is also the key factor anticipated to catalyse the growing demand of different LED secondary optics during the forecast period. In addition to that rapidly falling cost of the LED lighting and improved efficiency of the LED is also anticipated to increase the demand of LED secondary optics in the upcoming years. This is also projected to affect the market of LED secondary optics in a positive manner during the forecast period.

In spite of many driving factors, the LED secondary optic market is anticipated to show a shrink and fluctuation in growth rate because of continuously declining price of LED. Multi shadow phenomenon during lighting and scattered surrounding light towards the edges of surface are restraining factors for the LED secondary optics. The growing demand for LED secondary optics is going to create a significant opportunity in the optic market due to factors like higher luminous efficiency, smaller size, low heat radiation and long life time during the forecast period.

The LED secondary optic market has been segmented on the basis of type, applications and geography. Based on the types, the market has been segmented mainly into two types such as LED secondary lens and reflector. By applications, LED secondary optic market is segmented into indoor lighting, street lighting, architectural lighting, commercial lighting, automotive lighting and others. In all the applications, the indoor lighting held the largest market share because of its features like wireless connectivity and getting controlled through phones or desktops. However, commercial lighting and street lighting is projected to achieve exponential growth during the forecast period. Gesture controlled operations and accurate LED dimming control is likely to make secondary LED optic is the most favoured choice among various end user applications.

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Geographically, the global LED secondary optic market is classified into North America, Europe, Asia Pacific, Middle East & Africa and South America. Further, the global LED secondary optic market is mainly driven by the Asia Pacific region. Continuously growing spending in smart indoor and outdoor lighting in countries like China, Japan among the others is driving the market in Asia Pacific region. Rapidly growing demand of modular lighting for the LED luminaries is predicted to fasten the demand of secondary LED optics, thereby expected to drive the LED secondary optic market rapidly. This region is expected to maintain the highest CAGR in the market during the forecast period. Although, in terms of market share North America will remain on top because of presence of higher number of LED manufacturers which includes manufactures of traditional and smart lighting.

Some of the leading players operating in the LED secondary optic market includes Ledlink Optics, Auer Lighting, Carclo Optics, FRAEN Corporation, LEDIL Oy, Bicom Optics, GAGGIONE,Aether systems Inc Osram, Darkoo Optics,Philips Lighting, Cree Inc., Nanoleaf, Panasonic, GE Lighting , Ilumi and Samsung among others.