LED Manufacturing in the UK - Industry Market Research Report

Big gains: Investment in microLEDs will boost profit in the long term

The strength of the pound, business confidence and consumer confidence levels, industrial electricity prices and environmental awareness heavily influence the uptake of LEDs, which ultimately affects manufacturers' revenue. Over the five years through 2023-24, revenue is forecast to grow at a compound annual rate of 3.4% to £65.5 million. The COVID-19 pandemic and its disruptions to global supply chains wreaked havoc on LEDs' import and export value. Weak business confidence led to some organisations opting to delay investment in LEDs. Domestically, some manufacturers sought government credit facilities to support finances during the first lockdown. Despite these factors, LEDs' superior energy efficiency versus alternate forms of lighting drove revenue growth during 2020-21. This industry consists of companies that manufacture light-emitting diodes (LEDs) and components for private customers and businesses. The industry does not include the manufacture of LED fixtures, luminaires and tertiary products. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.