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Report
High-Brightness LED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 175 Pages I IMARC Group
Market Overview:
The global high-brightness LED market size reached US$ 26.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
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:
IMARC Group 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 2023-2028. 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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global High-Brightness LED Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Application
6.1 Automotive Lighting
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 General Lighting
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Backlighting
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Mobile Device
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Signals and Signage
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Offline
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Online
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Indoor and Outdoor Application
8.1 Indoor
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Outdoor
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End-Use Sector
9.1 Commercial
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Residential
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Industrial
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.10 Others
10.2.10.1 Market Trends
10.2.10.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.10 Others
10.3.10.1 Market Trends
10.3.10.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Broadcom Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Cree LED
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Epistar Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Lumileds Holding B.V.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Moritex Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Nichia Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Osram Opto Semiconductor
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 SWOT Analysis
15.3.8 Samsung Electronics Co. Ltd.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Seoul Semiconductor Co. Ltd.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
Figure 1: Global: High-Brightness LED Market: Major Drivers and Challenges
Figure 2: Global: High-Brightness LED Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: High-Brightness LED Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: High-Brightness LED Market: Breakup by Application (in %), 2022
Figure 5: Global: High-Brightness LED Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: High-Brightness LED Market: Breakup by Indoor and Outdoor Application (in %), 2022
Figure 7: Global: High-Brightness LED Market: Breakup by End-Use Sector (in %), 2022
Figure 8: Global: High-Brightness LED Market: Breakup by Region (in %), 2022
Figure 9: Global: High-Brightness LED (Automotive Lighting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: High-Brightness LED (Automotive Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: High-Brightness LED (General Lighting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: High-Brightness LED (General Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: High-Brightness LED (Backlighting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: High-Brightness LED (Backlighting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: High-Brightness LED (Mobile Device) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: High-Brightness LED (Mobile Device) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: High-Brightness LED (Signals and Signage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: High-Brightness LED (Signals and Signage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: High-Brightness LED (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: High-Brightness LED (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: High-Brightness LED (Offline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: High-Brightness LED (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: High-Brightness LED (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: High-Brightness LED (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: High-Brightness LED (Indoor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: High-Brightness LED (Indoor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: High-Brightness LED (Outdoor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: High-Brightness LED (Outdoor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: High-Brightness LED (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: High-Brightness LED (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: High-Brightness LED (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: High-Brightness LED (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: High-Brightness LED (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: High-Brightness LED (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: High-Brightness LED (Other End-Use Sectors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: High-Brightness LED (Other End-Use Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United States: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia-Pacific: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia-Pacific: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: China: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Germany: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Latin America: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Latin America: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Brazil: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Middle East and Africa: High-Brightness LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Middle East and Africa: High-Brightness LED Market: Breakup by Country (in %), 2022
Figure 85: Middle East and Africa: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Global: High-Brightness LED Industry: SWOT Analysis
Figure 87: Global: High-Brightness LED Industry: Value Chain Analysis
Figure 88: Global: High-Brightness LED Industry: Porter's Five Forces Analysis
Table 1: Global: High-Brightness LED Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: High-Brightness LED Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 3: Global: High-Brightness LED Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 4: Global: High-Brightness LED Market Forecast: Breakup by Indoor and Outdoor Application (in Million US$), 2023-2028
Table 5: Global: High-Brightness LED Market Forecast: Breakup by End-Use Sector (in Million US$), 2023-2028
Table 6: Global: High-Brightness LED Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: High-Brightness LED Market: Competitive Structure
Table 8: Global: High-Brightness LED Market: Key Players
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