The global high-brightness LED market size reached US$ 27.7 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 44.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.38% during 2023-2032.
A high-brightness LED (HB-LED) is an advanced LED built from semiconductors that have a higher luminosity and can withstand more current levels as well as more power dissipation. LEDs of this type typically consume more than one watt of power and produce more than 50 lumens of light, thereby resulting in extremely bright light output. Compared to their traditional counterparts, they can save up to 50% to 70% of the energy consumption, resulting in significant reductions in carbon emissions.
Several advantages of using these LEDs include their longer lifespan, improved dimmability, and efficiency. In addition, they are available in a wide range of sizes and can be installed in any circuit type. As a result, they are increasingly replacing the standard LED luminaires in numerous lighting applications. High-brightness LEDs find extensive applications in signs and signals, tubes and bulbs and displays of mobiles and televisions.
The market is further driven by continual product innovations, product launches and the reduction in the prices of HB-LED components. Furthermore, the widespread adoption of growth strategies, such as merger and acquisition (M&A) by major market players, are providing a boost to the market. Some of the other factors that are contributing to the market growth include the inflating disposable income levels of the masses and extensive research and development (R&D) activities.
A high-brightness LED (HB-LED) is an advanced LED built from semiconductors that have a higher luminosity and can withstand more current levels as well as more power dissipation. LEDs of this type typically consume more than one watt of power and produce more than 50 lumens of light, thereby resulting in extremely bright light output. Compared to their traditional counterparts, they can save up to 50% to 70% of the energy consumption, resulting in significant reductions in carbon emissions.
Several advantages of using these LEDs include their longer lifespan, improved dimmability, and efficiency. In addition, they are available in a wide range of sizes and can be installed in any circuit type. As a result, they are increasingly replacing the standard LED luminaires in numerous lighting applications. High-brightness LEDs find extensive applications in signs and signals, tubes and bulbs and displays of mobiles and televisions.
High-Brightness LED Market Trends:
The market is primarily driven by the rising demand for energy-efficient and durable lighting solutions. This can be attributed to the growing concerns regarding the high levels of carbon emissions. In addition to this, favorable government initiatives supporting energy conservation and green construction practices are providing an impetus to the market. Moreover, the escalating sales of consumer electronics, such as laptops, mobiles and televisions, are also creating a positive outlook for the market.The market is further driven by continual product innovations, product launches and the reduction in the prices of HB-LED components. Furthermore, the widespread adoption of growth strategies, such as merger and acquisition (M&A) by major market players, are providing a boost to the market. Some of the other factors that are contributing to the market growth include the inflating disposable income levels of the masses and extensive research and development (R&D) activities.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global high-brightness LED market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on application, distribution channel, indoor and outdoor application and end-use sector.Breakup by Application:
- Automotive Lighting
- General Lighting
- Backlighting
- Mobile Device
- Signals and Signage
- Others
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Indoor and Outdoor Application:
- Indoor
- Outdoor
Breakup by End-Use Sector:
- Commercial
- Residential
- Industrial
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Broadcom Inc., Cree LED, Epistar Corporation, Lumileds Holding B.V., Moritex Corporation, Nichia Corporation, Osram Opto Semiconductor, Samsung Electronics Co. Ltd. and Seoul Semiconductor Co. Ltd.Key Questions Answered in This Report:
- How has the global high-brightness led market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global high-brightness led market?
- What are the key regional markets?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the indoor and outdoor application?
- What is the breakup of the market based on the end-use sector?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global high-brightness led market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global High-Brightness LED Market
6 Market Breakup by Application
7 Market Breakup by Distribution Channel
8 Market Breakup by Indoor and Outdoor Application
9 Market Breakup by End-Use Sector
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Broadcom Inc.
- Cree LED
- Epistar Corporation
- Lumileds Holding B.V.
- Moritex Corporation
- Nichia Corporation
- Osram Opto Semiconductor
- Samsung Electronics Co. Ltd.
- Seoul Semiconductor Co. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 27.7 Billion |
| Forecasted Market Value ( USD | $ 44.4 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
