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Report
Global High-Power LED Market Report and Forecast 2023-2028
Market Report I 2023-10-05 I 188 Pages I EMR Inc.
Global High-Power LED Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global high-power LED market is projected to grow at a CAGR of 6% between 2023 and 2028 to reach a value of USD 37.5 billion by 2028. Aided by the surging demand for energy-efficient lighting solutions across various industries, including automotive, consumer electronics, and industrial sectors, the market is expected to grow significantly by 2028.
High-power LEDs (Light Emitting Diodes) are semiconductor light sources that emit light when current flows through them. They are known for their brightness and energy efficiency, making them ideal for a broad range of applications that require intense, focused light. Unlike traditional LEDs, high-power LEDs can emit thousands of lumens, which are units of light output.
The automotive sector is a major contributor towards the high-power LED market demand. These LEDs are extensively used in vehicle headlights, signal lights, and interior lights owing to their high luminous efficiency, low energy consumption, and long lifespan.
In consumer electronics, high-power LEDs are increasingly finding applications in TV backlight units, flashlights in smartphones, and display panels. Their high brightness and compact size are particularly advantageous, offering high-quality displays with energy savings.
Energy efficiency is a defining feature of high-power LEDs, which is a pivotal driver of the global high-power LED market expansion. In an era where energy conservation and sustainability are of utmost importance, high-power LEDs offer a compelling solution. They are designed to emit a significant amount of light using minimal energy, resulting in lower electricity bills and reduced carbon emissions.
High-power LEDs are well-suited for industrial environments and outdoor lighting due to their robust nature and high output. They are increasingly employed in street lighting, warehouses, and factories where high levels of consistent lighting are required for extended periods. These LEDs can withstand extreme conditions without significant degradation in performance, thus making them a preferred choice in demanding applications.
The high-power LED market growth is characterised by continuous advancements in technology. Innovations are focusing on enhancing the luminous efficiency, reducing the size, and extending the lifespan of these LEDs. Significant R&D investments from key players are leading to the production of LEDs with higher outputs, lower heat generation, and enhanced colour quality.
Market Segmentation
The market can be divided based on packaging type, application, and region.
Market Breakup by Packaging Type
- Mesa
- Flip Chip
- Vertical
Market Breakup by Application
- Automotive
- General Lighting
- Backlighting
- Flash Lighting
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global high-power LED market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cree Inc.
- Nichia Corporation
- Osram Opto Semiconductors Gmbh
- Samsung Electronics Co., Ltd.
- Lumileds Holding B.V.
- Everlight Electronics Co.
- Others
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*We at Expert Market Research always strive to provide you with 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 High-Power LED Market Size Analysis
8.1 Key Industry Highlights
8.2 Global High-Power LED Historical Market (2018-2022)
8.3 Global High-Power LED Market Size Forecast (2023-2028)
8.4 Global High-Power LED Market by Packaging Type
8.4.1 Mesa
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Flip Chip
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Vertical
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global High-Power LED Market by Application
8.5.1 Automotive
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 General Lighting
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Backlighting
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Flash Lighting
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global High-Power LED Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.3.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.5.2 Forecast Trend (2023-2028)
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 Industry Events and Developments
List of Key Figures and Tables
1. Global High-Power LED Market: Key Industry Highlights, 2018 and 2028
2. Global High-Power LED Historical Market: Breakup by Packaging Type (USD Million), 2018-2022
3. Global High-Power LED Market Forecast: Breakup by Packaging Type (USD Million), 2023-2028
4. Global High-Power LED Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global High-Power LED Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global High-Power LED Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global High-Power LED Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Global High-Power LED Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Global High-Power LED Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Global High-Power LED Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Global High-Power LED Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Global High-Power LED Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Global High-Power LED Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Global High-Power LED Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Global High-Power LED Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Global High-Power LED Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Global High-Power LED Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global High-Power LED Market Structure
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