Secondary optics are those optics which exist outside of the LED package, such as reflector, TIR lenses, Fresnel lenses, and pillow lenses. Secondary optics are used to create the desired appearance and beam pattern of the LED signal lamp.
LEDs generally emit light at a 120-degree viewing angle. LED applications that require more focused light often use a secondary optic that is placed over the LED, which internally reflects light into a spot, medium spot, wide spot or elliptical spot pattern. Secondary optics are used to modify the output beam of the LED such that the output beam of the finished signal lamp will efficiently meet the desired photometric specification. In addition, secondary optics serve an aesthetic purpose by determining the lit and unlit appearance of the signal lamp. The primary optic is included in the LED package, and the secondary optics are part of the finished signal lamp. There are two primary categories of secondary optics used, those that spread the incoming light (diverging optics), and those that gather the incoming light into a collimated beam (collimating optics).
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Price in US and EU is much higher than that of China and other developing countries due to their high quality and powerful functionalities. Developing countries such as China and India is more likely to attract more investment opportunity for their potential demand.
According to this study, over the next five years the LED Secondary Optic market will register a 23.0% CAGR in terms of revenue, the global market size will reach US$ 2370 million by 2024, from US$ 690 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in LED Secondary Optic business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of LED Secondary Optic market by product type, application, key manufacturers and key regions and countries.
This study considers the LED Secondary Optic value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Reflector
LED Secondary Lens
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Street Lighting
Commercial Lighting
Architectural Lighting
Indoor Lighting
Automotive Lighting
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Ledlink Optics
Carclo Optics
Auer Lighting
LEDIL Oy
FRAEN Corporation
GAGGIONE (Lednlight)
Bicom Optics
Darkoo Optics
Aether systems Inc
B&M Optics
ShenZhen Likeda Optical
HENGLI Optical
Brightlx Limited
Kunrui optical
FORTECH
Chun Kuang Optics
Wuxi Kinglux Glass Lens
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global LED Secondary Optic consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of LED Secondary Optic market by identifying its various subsegments.
Focuses on the key global LED Secondary Optic manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the LED Secondary Optic with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of LED Secondary Optic submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on LED Secondary Optic . Industry analysis & Market Report on LED Secondary Optic is a syndicated market report, published as Global LED Secondary Optic Market Growth 2019-2024. It is complete Research Study and Industry Analysis of LED Secondary Optic market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.