COVID-19 Impact & Recovery Analysis- LED Market (2020-2024) | The Declining Manufacturing Cost of LEDs to Boost Growth | Technavio
View the full release here: https://www.businesswire.com/news/home/20201123005801/en/
- View the full release here: https://www.businesswire.com/news/home/20201123005801/en/
Technavio has announced its latest market research report titled Global LED Market 2020-2024 (Graphic: Business Wire)
The declining manufacturing cost of LEDs is one of the major factors propelling market growth. - However, factors such as high average cost per fixture will hamper market growth.
- APAC was the largest LED market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period.
- Market growth in this region will be slower than the growth of the market in North America.