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Global LED Market: By Type: Pinned LED, Surface Mount LED (SMD LED), Chip on Board LED; By Technology: Basic LED, Micro LED, High Brightness LED, OLED, Ultra Violet LED, Polymer LED, By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global LED Market Outlook

The global LED market is being driven by the rising LED lighting industry, which attained a value of USD 53 billion in 2020. The global LED lighting market is expected to grow at a CAGR of 11.8% in the forecast period of 2021-2026.

 

LED Market

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The Asia Pacific Market to Significantly Contribute to the Overall Market Growth of LED, Led by Favourable Government Policies

The global market for LED is being driven by the rising number of consumers preferring LEDs over conventional CFL and CCFL due to advanced features offered by the LEDs. In addition, LED is a cost-effective solution for any lighting and other applications purposes like backlighting in automotive lighting and large screen displays, among others. Such vast applications of LED are providing a boost to the market growth of LED, especially in the Asia Pacific region, which is fuelled by a robustly increasing population. The overall LED industry is positively influenced by the rise in utility rebates, increasing focus by the government on energy saving solutions, along with the expanding display and large screen backlighting market.

 

LED: Industry Definition and Segmentation

LEDs represent electronic components that can convert electric energy into light. LEDs stay much cooler than incandescent lights, reducing the risk of combustion or burns. As they are made with epoxy lenses, they are highly resistant to breakage. Besides this, they are energy-efficient, long-lasting, and easy to install.

 

LED Market by End Use

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On the basis of type, the market is divided into:

  • Pinned LED
  • Surface Mount LED (SMD LED)
  • Chip on Board LED
  • Others

Based on technology, the industry can be segmented into:

  • Basic LED
  • Micro LED
  • High Brightness LED
  • OLED
  • Ultra Violet LED
  • Polymer LED
  • Others

On the basis of application, the industry is categorised into:

  • Lighting
  • Automotive
  • Electronic Devices
  • Signal and Signage
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

LED Market by Region

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Extensive Applications of LED to Aid the Market Growth of LED

The market for LED is being driven by the various applications of LED lights in activities, such as photography, interior designing, and other uses. Further, due to the COVID-19 outbreak, the LED displays growth has increased due to their instant visibility and attraction, which helps a shop to get easily spotted as consumers are now wary of traveling as well as entering new shops. In addition, over the past few decades, LED has witnessed a rise in the integration of concepts like AI and IoT, which is helping the light manufacturing companies to extend their capacities and produce innovative products.  Moreover, due to the currently prevalent WFH environment to curb the coronavirus outbreak, electronic devices such as tablets, LED TVs, laptops, and mobiles, are witnessing a growing demand, thus, propelling the market growth further. Also, the adoption of signals and signages from various companies, institutions, or government, are expected to increase over the forecast period. Thereby, propelling the market growth for LEDs.

 

Key Industry Players in the Global LED Market

The report gives a detailed analysis of the following key players in the global LED market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • OSRAM Licht AG
  • Nichia Corporation
  • Signify N.V.
  • Lumileds Holding B.V.
  • Seoul Semiconductor Co Ltd
  • LG Electronics Inc.
  • Samsung Electronics Co. Ltd.
  • PlayNitride Inc.
  • Cambridge Display Technology Limited.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global LED Market Analysis

    8.1    Key Industry Highlights
    8.2    Global LED Historical Market (2016-2020) 
    8.3    Global LED Market Forecast (2021-2026)
    8.4    Global LED Market by Type
        8.4.1    Pinned LED
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Surface Mount LED (SMD LED)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Chip on Board LED
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Global LED Market by Technology
        8.5.1    Basic LED
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Micro LED
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    High Brightness LED
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    OLED
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Ultra Violet LED
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Polymer LED
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
        8.5.7    Others
    8.6    Global LED Market by Application
        8.6.1    Lighting
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Automotive
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Electronic Devices
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Signal and Signage
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Others
    8.7    Global LED Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        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    Australia
            9.3.3.5    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        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    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    OSRAM Licht AG
            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    Signify N.V.
            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    Lumileds Holding B.V.
            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    Seoul Semiconductor Co Ltd
            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    LG Electronics Inc.
            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    Samsung Electronics Co. Ltd.
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    PlayNitride Inc.
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Cambridge Display Technology Limited.
            12.2.9.1    Company Overview
            12.2.9.2    Product Portfolio
            12.2.9.3    Demographic Reach and Achievements
            12.2.9.4    Certifications
        12.2.10    Others
13    New Technologies
14    Industry Events and Developments


List of Figures and Tables

1.    Global LED Market: Key Industry Highlights, 2016 and 2026
2.    Global LED Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global LED Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global LED Historical Market: Breakup by Technology (USD Billion), 2016-2020
5.    Global LED Market Forecast: Breakup by Technology (USD Billion), 2021-2026
6.    Global LED Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global LED Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global LED Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global LED Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America LED Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America LED Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe LED Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe LED Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific LED Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific LED Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America LED Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America LED Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa LED Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa LED Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global LED Market Structure

Key Questions Answered in the Report

The global LED market is being driven by the LED lighting market, which attained a value of nearly USD 53 billion in 2020.

The LED lighting market is projected to grow at a CAGR of 11.8% between 2021 and 2026, aiding the growth of the overall LED industry.

The major drivers of the industry, such as rising disposable incomes, increasing population, rising demand from the developing regions, and extensive applications of the product, are expected to aid the market growth.

The key market trend guiding the growth of the industry includes the emerging trend of WFH environment boosting the sales of electronic devices, like LED TV, laptops, and other consumer electronics using LED.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading types of LED in the market are pinned LED, surface mount LED (SMD LED), and chip on board LED, among others.

The major technologies in the industry are basic LED, micro LED, high brightness LED, OLED, ultra violet LED, and polymer LED, among others.

The significant application segments in the market are lighting, automotive, electronic devices, and signal and signage, among others.

The major players in the industry are OSRAM Licht AG, Nichia Corporation, Signify N.V., Lumileds Holding B.V., Seoul Semiconductor Co Ltd, LG Electronics Inc., Samsung Electronics Co. Ltd., PlayNitride Inc., and Cambridge Display Technology Limited., among others.

Analyst Review

The global LED market is being driven by the extensive applications of the product and the growing LED lighting market, which attained a value of USD 53 billion in 2020. Aided by the technological advancements, the LED lighting market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 11.8%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is segmented into pinned LED, surface mount LED (SMD LED), and chip on board LED, among others. On the basis of technology, the industry is divided into basic LED, micro LED, high brightness LED, OLED, ultra violet LED, and polymer LED, among others. Based on application, the market is segmented into lighting, automotive, electronic devices, and signal and signage, among others. The major regional markets for LED are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include OSRAM Licht AG, Nichia Corporation, Signify N.V., Lumileds Holding B.V., Seoul Semiconductor Co Ltd, LG Electronics Inc., Samsung Electronics Co. Ltd., PlayNitride Inc., and Cambridge Display Technology Limited., 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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