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Waterproof LED module applicable in an event of fully submerge of LED module in water. The enclosure of waterproof LED module protect it from foreign bodies, may include solid bodies and moving parts, such as debris, dust, and other solid matter, as well as it protect from liquid and moisture. The waterproof LED modules protection level is defined by sealing effectiveness of electrical enclosures against intrusion from foreign bodies. To define protection level of waterproof LED module, two digit IP (Ingress Protection) rating number is used, where first digit indicate protection from solids and second digit indicate protection from liquid and moisture. IP 68 rating is suitable for protection against prolonged submersion of LED module in water, rating below this such as IP 67 is suitable for protected against the events of temporary submersion for around 10 minutes. These high rating waterproof LED modules are suitable for unsealed outdoor location and  places that have a lot of debris, areas with heavy foot traffic, high splash areas, high contact areas  where people touching LED modules, wet location or any applications that requires strength and waterproofing. Furthermore, waterproof LED module’s properties of protection from liquid allowed its application for awning, pool, deck, RV, boat, docks, or anything of that nature, as well as these are also applicable for fishing lighting, automotive, lighting of water fountain and awning of RV.

The global waterproof LED module market is primarily driven by the increasing demand of waterproof LED module from industrial segment for various applications that requires strength and waterproofing. Furthermore, waterproof LED module’s demand for application of unsealed outdoor location of architect segment is expected to grow during forecast period, further anticipated to contribute to the growth of global waterproof LED module market. The usage underwater lighting engineering for decoration of fish tank, aquarium, and fountain is increasing and consequently, expected to boost demand of waterproof LED module during forecast period. The interior and display design application for decoration of billboard, home, hotel, KTV, bar, disco, club, and outdoor illuminated signs are becoming popular, further expected to owes to growth of the global waterproof LED module market during forecast period.

The global waterproof LED module market has been segmented based on color of LED, application, end-use industry, and region. Based on color of waterproof LED module, the global waterproof LED module market can be classified into red, blue, green, white, and others. On basis of application, the global waterproof LED module market can be segmented into Interior design, advertisement, architectural, underwater lighting engineering, display designs and others. Based on end-use industry, the waterproof LED module market can be segmented into industrial, building and construction, defense and aerospace, and others. The industrial segment of the waterproof LED module expected to hold significant share during forecast period. In terms of region, the global waterproof LED module market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America & Europe is anticipated to hold a significant share of the global waterproof LED module market. 

Key players operating in the global waterproof LED module market include Samsung, Epistar, SSC, LG, Innotek, Toyoda, SemiLEDS Corporation, Cree, Philips, Lumileads Holding B. V., Osram, Gosei, Nichia, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global waterproof LED module market over the period of study.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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