High-Brightness LED Market Report by Application (Automotive Lighting, General Lighting, Backlighting, Mobile Device, Signals and Signage, and Others), Distribution Channel (Offline, Online), Indoor and Outdoor Application (Indoor, Outdoor), End-Use Sector (Commercial, Residential, Industrial, and Others), and Region 2024-2032

High-Brightness LED Market Report by Application (Automotive Lighting, General Lighting, Backlighting, Mobile Device, Signals and Signage, and Others), Distribution Channel (Offline, Online), Indoor and Outdoor Application (Indoor, Outdoor), End-Use Sector (Commercial, Residential, Industrial, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5888
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Market Overview:

The global high-brightness LED market size reached US$ 27.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 44.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 27.7 Billion
Market Forecast in 2032
US$ 44.4 Billion
Market Growth Rate 2024-2032 5.2%


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.

Global High-Brightness LED Market

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 2024-2032. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Application, Distribution Channel, Indoor and Outdoor Application, End-Use Sector, 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
Companies Covered Broadcom Inc., Cree LED, Epistar Corporation, Lumileds Holding B.V., Moritex Corporation, Nichia Corporation, Osram Opto Semiconductor, Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

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?

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High-Brightness LED Market Report by Application (Automotive Lighting, General Lighting, Backlighting, Mobile Device, Signals and Signage, and Others), Distribution Channel (Offline, Online), Indoor and Outdoor Application (Indoor, Outdoor), End-Use Sector (Commercial, Residential, Industrial, and Others), and Region 2024-2032
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