What would be the share of North America and Europe in this high power LED market for the next five years?
The high power LED market is expected to grow from USD 4.5 billion in 2019 to USD 5.6 billion by 2024, at a CAGR of 4.5% during the forecast period. The long life & continuous usage, small size, less power consumption & voltage, and increasing high brightness application are the major factors fueling the growth of the market.
The use of high power LEDs in smart cities will be a significant...