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DUBLIN--(BUSINESS WIRE)--Sep 29, 2022--
The "Flash LED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global flash LED market reached a value of US$ 4.8 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 6.3 Billion by 2027, exhibiting a CAGR of 4.64% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
The rising integration of flash LEDs in smartphones can be attributed to the high optical computability, excellent pulsing capacity, and efficient module transfer for higher light output. Furthermore, the growing demand for smartphones with flash LED for premium image quality is currently driving the market growth on a global level.
The rising popularity of 3D cameras in smartphones for enhanced pictures and video clarity is also driving the demand for flash LEDs. These LEDs are also accompanied by 3D sensors in the smartphone cameras for object sensing and high-definition picture quality, even in low-light situations.
The rising consumer living standards supported by their increasing disposable income levels have propelled the demand for high-end smartphones and digital cameras, which in turn drives the market for flash LEDs. Additionally, the changing consumer inclination from xenon flashlights to flash LEDs has further catalyzed the product demand. Xenon flashlights, that were earlier equipped in digital cameras, consumed high power in comparison to flash LEDs as well as lacked constant illumination capacity, thereby being replaced by flash LEDs.
Moreover, various smartphone manufacturers are adopting flash LEDs based on low voltage operation, extreme miniaturization, and higher efficiency. Besides this, several technological upgradations have led to the introduction of innovative product variants, such as programmable flash LED and dual flash LED.
In addition to this, flash LEDs are also being used as an autofocus assist lamp or AF illuminator in low-light and low-contrast conditions, thereby catalyzing the product demand. In the coming years, rapid developments and several product innovations in the consumer electronic sector will continue to fuel the growth of the global flash LED market.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being
Key Market Segmentation:
Breakup by Power Consumption:
Breakup by Types of Device:
Breakup by Region:
North America
Europe
Latin America
For more information about this report visit https://www.researchandmarkets.com/r/gkny34
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KEYWORD:
INDUSTRY KEYWORD: TECHNOLOGY OTHER MANUFACTURING OTHER TECHNOLOGY MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/29/2022 06:16 AM/DISC: 09/29/2022 06:17 AM
http://www.businesswire.com/news/home/20220929005437/en