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High-Brightness LED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global high-brightness LED market reached a value of US$ 24.51 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 36.18 Billion by 2027, exhibiting a CAGR of 6.50% 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 on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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 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 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
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. and Seoul Semiconductor Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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?

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

List of Figures

Figure 1: Global: High-Brightness LED Market: Major Drivers and Challenges
Figure 2: Global: High-Brightness LED Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: High-Brightness LED Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: High-Brightness LED Market: Breakup by Application (in %), 2021
Figure 5: Global: High-Brightness LED Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: High-Brightness LED Market: Breakup by Indoor and Outdoor Application (in %), 2021
Figure 7: Global: High-Brightness LED Market: Breakup by End-Use Sector (in %), 2021
Figure 8: Global: High-Brightness LED Market: Breakup by Region (in %), 2021
Figure 9: Global: High-Brightness LED (Automotive Lighting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: High-Brightness LED (Automotive Lighting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: High-Brightness LED (General Lighting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: High-Brightness LED (General Lighting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: High-Brightness LED (Backlighting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: High-Brightness LED (Backlighting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: High-Brightness LED (Mobile Device) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: High-Brightness LED (Mobile Device) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: High-Brightness LED (Signals and Signage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: High-Brightness LED (Signals and Signage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: High-Brightness LED (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: High-Brightness LED (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: High-Brightness LED (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: High-Brightness LED (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: High-Brightness LED (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: High-Brightness LED (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: High-Brightness LED (Indoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: High-Brightness LED (Indoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: High-Brightness LED (Outdoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: High-Brightness LED (Outdoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: High-Brightness LED (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: High-Brightness LED (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: High-Brightness LED (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: High-Brightness LED (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: High-Brightness LED (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: High-Brightness LED (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: High-Brightness LED (Other End-Use Sectors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: High-Brightness LED (Other End-Use Sectors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: High-Brightness LED Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: High-Brightness LED Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: High-Brightness LED Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: High-Brightness LED Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: High-Brightness LED Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 3: Global: High-Brightness LED Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: High-Brightness LED Market Forecast: Breakup by Indoor and Outdoor Application (in Million US$), 2022-2027
Table 5: Global: High-Brightness LED Market Forecast: Breakup by End-Use Sector (in Million US$), 2022-2027
Table 6: Global: High-Brightness LED Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: High-Brightness LED Market: Competitive Structure
Table 8: Global: High-Brightness LED Market: Key Players


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