Global LED lighting market in Japan to grow at a CAGR of 17.73 percent

TechNavio's analysts forecast the LED Lighting market in Japan to grow at a CAGR of 17.73 percent over the period 2014-2019. The LED Lighting market in Japan can be divided into three application segments including: Automotive LED Lighting, LED Backlighting, and General LED Lighting.

A light-emitting diode (LED) is a semiconductor diode that emits visible light when voltage is applied. A diode is an electronic component that allows electricity to flow solely in one direction. LEDs were initially used as indicators in different applications. Later, they were used to display numbers in electronic meters and sign boards. Currently, LEDs have penetrated nearly every application that makes use of lighting systems. The control that users have over LEDs in terms of luminescence and power consumption has made them popular in industry applications.