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Global High-Brightness LED Market Size, Share, Forecast: By Type: Automotive, General Lighting, Backlighting, Mobile Device, Signals and Signage, Others; By Distribution Channel: Online, Offline; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global High-Brightness LED Market Outlook
The global high-brightness LED market size was approximately USD 29.05 billion in 2023. The market is projected to grow at a CAGR of 7.1% between 2024 and 2032, reaching a value of around USD 54.41 billion by 2032.
Key Trends in the Market
High brightness LEDs, also known as high power LEDs, are a semiconductor light source that emit light when an electric current passes through them. LEDs are usually available in three categories, including low-power, mid-power, and high-power. Low to mid power LEDs usually function in 0.05 W and 0.50 W while high-power LEDs operate on 1-5 watts but can go up to 40w for multi-chip lamps. They are known for their energy efficiency, long lifespan, and compact size.
- One of the major high-brightness LED market trends is the rise in environmental concern, which has propelled the utilisation of high brightness LEDs due to their exceptional energy efficiency compared to traditional incandescent or fluorescent lighting. This also substantially aids in cost saving, especially in commercial and industrial settings. Moreover, LEDs also have a higher longevity, allowing the consumer to make fewer replacements and reduce both maintenance costs and the environmental impact.
- High-brightness LEDs are becoming increasingly compact and versatile. The surge in high-brightness LED market demand is closely related to a growing trend in miniaturisation and integration across various applications. Miniaturisation has enabled the integration of LEDs into a wide range of products, including smartphones, televisions, automotive lighting, and wearables. The demand is further propelled by a strong consumer preference for compact designs, especially in consumer electronics and automotive applications.
- The rising penetration of the internet of things (IoT) has enabled the integration of high brightness LEDs with smart home control systems. The increasing popularity of smart homes across different regions significantly aids the high-brightness LED market growth. The smart control systems enable remote operation, colour adjustments, and even automation triggered by environmental conditions or user preferences. This shift is transforming how the users engage with and manage lighting across diverse settings.
Market Analysis
Based on type, the market can be segmented into automotive, general lighting, backlighting, mobile device, and signals and signage, among others. The high-brightness LED market segmentation, based on distribution channel, includes online and offline. The major regional markets for high-brightness LEDs are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global high-brightness LED market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Broadcom Inc.
- SMART Global Holdings, Inc.
- Samsung Electronics Co. Ltd.
- Lumileds Holding B.V.
- Epistar Corporation
- MORITEX Corporation
- Nichia Corporation
- Seoul Semiconductor Co., Ltd.
- Kingbright Company, LLC
- Others
Market Share by Type
According to the global high-brightness LED market analysis, automotive LEDs are likely to be in high demand during the forecast period owing to the increasing application of LEDs in automotive and the rapid expansion of the mobility sector. Additionally, high-brightness LEDs emit a bright, white light that closely resembles natural daylight. This provides the driver better visibility especially in adverse weather conditions and during nighttime.
Market Share by Distribution Channel
The growing demand for high power LEDs in offline marketplaces is expected to significantly enhance global high-brightness LED market share in the coming years. The increasing sales through offline channels can be attributed to the advantages of in-store shopping, such as having the opportunity to experience the actual lighting effect of LEDs in real-time. Moreover, offline stores are increasingly providing wide varieties of LEDs and in different price ranges, allowing consumers to freely choose the product of their liking.
Competitive Landscape
Broadcom Inc. is a global infrastructure company based in California, United States. The company, since its first introduction of commercial LED dot matrix displays in 1960, has established itself as one of the leading figures involved in developing and supplying semiconductor and infrastructure software solutions. It also has expertise in Bluetooth solutions, cable modems, GPS, and Satellite and IPTV STBs, among others.
SMART Global Holdings, Inc. is one of the key designers, developers, and suppliers of electronic subsystems to original equipment manufacturers. Founded in 1988, the company has established different brands, such as Penguin Solutions, Stratus, SMART Modular Technologies, and Cree LED, through which it develops and distributes intelligent platform solutions, memory solutions, and LED solutions.
Samsung Electronics Co. Ltd. is a multinational conglomerate based in South Korea. It is one of the world's largest and most influential technology companies. Samsung Electronics is a subsidiary of the Samsung Group, which is a massive business conglomerate with presence in various industries. The company conducts business in sectors, including consumer electronics, IT and mobile communications, device solutions, and research and development.
Other companies operating in the market are Lumileds Holding B.V., Epistar Corporation, MORITEX Corporation, Nichia Corporation, Seoul Semiconductor Co., Ltd., and Kingbright Company, LLC., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global High-Brightness LED Market Analysis
8.1 Key Industry Highlights
8.2 Global High-Brightness LED Historical Market (2018-2023)
8.3 Global High-Brightness LED Market Forecast (2024-2032)
8.4 Global High-Brightness LED Market by Type
8.4.1 Automotive
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 General Lighting
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Backlighting
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Mobile Device
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Signals and Signage
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global High-Brightness LED Market by Distribution Channel
8.5.1 Online
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Offline
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global High-Brightness LED Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America High-Brightness LED Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe High-Brightness LED Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific High-Brightness LED Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America High-Brightness LED Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa High-Brightness LED Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Broadcom Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 SMART Global Holdings, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Samsung Electronics Co. Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Lumileds Holding B.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Epistar Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 MORITEX Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Nichia Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Seoul Semiconductor Co., Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Kingbright Company, LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global High-Brightness LED Market: Key Industry Highlights, 2018 and 2032
2. Global High-Brightness LED Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global High-Brightness LED Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global High-Brightness LED Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5. Global High-Brightness LED Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6. Global High-Brightness LED Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global High-Brightness LED Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America High-Brightness LED Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America High-Brightness LED Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe High-Brightness LED Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe High-Brightness LED Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific High-Brightness LED Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific High-Brightness LED Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America High-Brightness LED Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America High-Brightness LED Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa High-Brightness LED Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa High-Brightness LED Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global High-Brightness LED Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 29.05 billion.
The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 54.41 billion by 2032.
The market is expected to develop substantially owing to the utilisation of high brightness LEDs due to its exceptional energy efficiency and the rising penetration of the internet of things.
The increasing miniaturisation of LEDs and the rapid development of smart homes around the world are likely to play a major role in the expansion of the market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different types available in the market include automotive, general lighting, backlighting, mobile device, and signals and signage, among others.
The key players in the market include Broadcom Inc., SMART Global Holdings, Inc., Samsung Electronics Co. Ltd., Lumileds Holding B.V., Epistar Corporation, MORITEX Corporation, Nichia Corporation, Seoul Semiconductor Co., Ltd., and Kingbright Company, LLC., among others.
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