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Global High-Power LED Market Size, Share, Trends, Forecast: By Packaging Type: Mesa, Flip Chip, Vertical; By Application: Automotive, General Lighting, Backlighting, Flash Lighting, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global High-Power LED Market Outlook
The global high-power LED market is expected to grow at a CAGR of approximately 5% in the forecast period of 2024-2032, driven significantly by the rising adoption of high-power LED in the automotive lighting.
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Europe and Asia Pacific to be the Significant Regional Markets for High-Power LED
With significant technological innovations taking place in it, Europe is expected to be one of the significant regional markets for high-power LED. The United Kingdom, Germany, and France are the key European countries contributing significantly to the market. The general and automotive lighting applications are offering numerous growth prospects to the market players in the region. The increasing adoption of energy-efficient lighting solutions, rising Hb-led light applications, rising research and development activities in the market, rising large-scale replacements of traditional luminaires, the continuous falling cost of the Led component and rising long life and continuous usage in Europe are further accelerating the market growth.
During the forecast period, Asia Pacific is expected to witness the highest growth rate owing to the growing adoption of high-power LED lights in general lighting applications, mainly in India and China. The growth of the high-power LED market in countries such as India, China, and Japan can be credited to the booming demand for eco-friendly and energy-saving lights in buildings, roads, and railways. Furthermore, several smart city development projects in various countries are in the works, which are expected to drive demand for high-power LED lights.
Market Segmentations
LED is the abbreviation for light-emitting diode, which is a semiconductor unit. When electricity flows in the forward direction, it emits light in different colours. High-power LEDs are a form of LED, which have higher power and brightness.
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Based on the packaging type, the high-power LED market can be divided into the following:
- Mesa
- Flip Chip
- Vertical
The high-power LED market can be broadly categorised based on its applications into:
- Automotive
- General Lighting
- Backlighting
- Flash Lighting
- Others
The regional markets for the high-power LED market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Increasing Application of High Brightness Augmenting the Market Growth
An increasing application of high brightness along with high power LED’s long life and continuous use, small size, lower power consumption, and low voltage, are the main factors driving the growth of the high-power LED market. The increasing adoption of energy-efficient lighting solutions, rising large-scale replacements of traditional luminaires, extensive adoption of innovative technologies, IoT, real-time monitoring of illumination, rising technological advancement in connected lighting, rising government initiatives towards green construction and high demand from the automotive industry are some of the major factors aiding the market growth. Also, rising research and development activities in the market, increasing modernisation in the products offered, and rising demand for smart lighting systems will further create new opportunities for the high-power LED market in the forecast period.
In addition, upcoming sports events are creating lucrative opportunities for the market players. High-power LED lighting systems with a better illumination quality are quintessential for sports events, such as basketball, cricket, hockey, lawn tennis, and football. LED floodlights ensure good vision, allowing athletes to play in good conditions and spectators to enjoy the game.
Key Players in the Global Market for High-Power LED
The report gives a detailed analysis of the following key players in the global high-power LED market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cree Inc.
- Nichia Corporation
- Osram Opto Semiconductors GmbH
- Samsung Electronics
- Lumileds Holding B.V.
- Everlight Electronics Co.
- Others
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.
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 Packaging Type |
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| Breakup by Application |
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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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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global High-Power LED Market Size Analysis
8.1 Key Industry Highlights
8.2 Global High-Power LED Historical Market (2018-2023)
8.3 Global High-Power LED Market Size Forecast (2024-2032)
8.4 Global High-Power LED Market by Packaging Type
8.4.1 Mesa
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Flip Chip
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Vertical
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global High-Power LED Market by Application
8.5.1 Automotive
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 General Lighting
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Backlighting
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Flash Lighting
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global High-Power LED Market by Region
8.6.1 North America
8.6.2 Europe
8.6.3 Asia Pacific
8.6.4 Latin America
8.6.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Cree Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Nichia Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Osram Opto Semiconductors Gmbh
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Samsung Electronics Co., Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Lumileds Holding B.V.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Everlight Electronics Co.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global High-Power LED Market: Key Industry Highlights, 2018 and 2032
2. Global High-Power LED Historical Market: Breakup by Packaging Type (USD Million), 2018-2023
3. Global High-Power LED Market Forecast: Breakup by Packaging Type (USD Million), 2024-2032
4. Global High-Power LED Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global High-Power LED Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global High-Power LED Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global High-Power LED Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Global High-Power LED Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Global High-Power LED Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Global High-Power LED Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Global High-Power LED Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Global High-Power LED Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Global High-Power LED Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Global High-Power LED Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Global High-Power LED Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Global High-Power LED Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Global High-Power LED Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global High-Power LED Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5% between 2023 and 2032.
The major drivers of the market include rising urbanisation, technological advances, and the increasing adoption of high-power LED in automotive lighting.
The increased demand for smartphones and growing preference for energy-efficient lighting solutions are key trends propelling the growth of the global high-power LED market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Mesa, flip chip, and vertical are the leading packaging types in the market.
The leading applications in the market are automotive, general lighting, backlighting, and flash lighting, among others.
The major players in the market are Cree Inc., Nichia Corporation., Osram Opto Semiconductors GmbH, Samsung Electronics Co. Ltd., Lumileds Holding B.V. and Everlight Electronics Co., among others.
Analyst Review
The global high-power LED market is driven by the rising adoption of high-power LED in automotive lighting. The market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032, aided by the rising demand from the mobile phones industry for cameras that provide high-quality image capture in dim light environments.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its packaging types, the high-power LED industry can be segmented into mesa, flip chip, and vertical. On the basis of applications, the market is divided into automotive, general lighting, backlighting, and flash lighting, among others. The major regional markets for high-power LED are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cree Inc., Nichia Corporation., Osram Opto Semiconductors GmbH, Samsung Electronics, Lumileds Holding B.V., and Everlight Electronics Co., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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