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The global flash LED market reached a value of US$ 4.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2027, exhibiting a CAGR of 4.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Flash LED is a light-emitting component that captures low-light or dark mode images or videos by illuminating the objects. It supports a wide-angle view with exceptional luminosity for high-resolution images and videos. It offers smaller dimensions, longer flash duration, enhanced mechanical stability, and a red-green-blue (RGB)-LED adjustable color temperature adaptable spectrum. Besides this, it exhibits excellent resistance to shock, minimizes heat radiation, and consumes less power as compared to xenon flashlights. As a result, flash LED is used as an essential component in manufacturing feature phones, smartphones, digital video cameras, and other electronic devices.
The rising integration of flash LEDs in smartphones can be attributed to the high optical computability, excellent pulsing capacity, and efficient module transfer for higher light output. Furthermore, the growing demand for smartphones with flash LED for premium image quality is currently driving the market growth on a global level. The rising popularity of 3D cameras in smartphones for enhanced pictures and video clarity is also driving the demand for flash LEDs. These LEDs are also accompanied by 3D sensors in the smartphone cameras for object sensing and high-definition picture quality, even in low-light situations. The rising consumer living standards supported by their increasing disposable income levels have propelled the demand for high-end smartphones and digital cameras, which in turn drives the market for flash LEDs. Additionally, the changing consumer inclination from xenon flashlights to flash LEDs has further catalyzed the product demand. Xenon flashlights, that were earlier equipped in digital cameras, consumed high power in comparison to flash LEDs as well as lacked constant illumination capacity, thereby being replaced by flash LEDs. Moreover, various smartphone manufacturers are adopting flash LEDs based on low voltage operation, extreme miniaturization, and higher efficiency. Besides this, several technological upgradations have led to the introduction of innovative product variants, such as programmable flash LED and dual flash LED. In addition to this, flash LEDs are also being used as an autofocus assist lamp or AF illuminator in low-light and low-contrast conditions, thereby catalyzing the product demand. In the coming years, rapid developments and several product innovations in the consumer electronic sector will continue to fuel the growth of the global flash LED market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global flash LED market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on power consumption and types of device.
Breakup by Power Consumption:
Breakup by Types of Device:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Cree Inc., Epistar Corporation, Everlight Electronics Co. Ltd., Shenzhen Jufei Optoelectronics Co. Ltd., Lumileds Holding B.V., LG Innotek, Osram Gmbh., Samsung, Semileds Corporation and Seoul Semiconductors Co. Ltd., etc.
|Base Year of the Analysis||2021|
|Segment Coverage||Power Consumption, Types of Device, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Turkey, Saudi Arabia, Iran, United Arab Emirates|
|Companies Covered||Cree Inc., Epistar Corporation, Everlight Electronics Co. Ltd., Shenzhen Jufei Optoelectronics Co. Ltd., Lumileds Holding B.V., LG Innotek, Osram Gmbh., Samsung, Semileds Corporation and Seoul Semiconductors Co. Ltd.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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