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LED Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global LED chip market was worth US$ 16.4 Billion in 2018. LED stands for Light Emitting Diode and is a two-lead semiconductor light source. LEDs are found in different variables all around us and in different colors such as red, blue, yellow, green, white, infrared and ultraviolet wavelengths with very high brightness. They are used in a wide range of applications that vary from backlighting in electronic products such as LCD TVs, laptops, and phones, in lighting like street lighting, automotive lighting, and general illumination, etc. LEDs offer better picture quality due to higher degree of power efficiency and brightness. The LED chip (also known as the die) represents the most important and cost intensive component of the LED. LED chips represent an important factor in determining the light quality. The chips have different ratings for brightness, emitting wavelength, and voltage. After installing the LED chip and passing current through an electrical source, a certain color of light is emitted determined by the dominant wavelength.

Global LEd Chip Market Report

The LED chip market is currently exhibiting double digit growth rates. LED lights are more energy-efficient in terms of power consumption and provide high luminous intensity. They use electroluminescence to produce light without generating heat and convert electricity into energy with minimum wastage. Moreover, LED products have larger lifespan in comparison to incandescent bulbs which further drives their demand. With technological innovations and advanced research and development, the cost of manufacturing LED per kilolumen has also decreased. This has significantly reduced the average selling price (ASP) of LEDs making them a preferable choice among consumers. Furthermore, incentives provided by governments across the globe to promote the usage of energy efficient lighting is also elevating the demand of LED products. Looking forward, the market value is projected to exceed US$ 37.0 Billion by 2024, exhibiting a CAGR of around 14% during 2019-2024.

Market Summary:

  • Based on the product type, the market has been segmented into blue LED chips, red LED chips, green LED chips, infrared LED chips, yellow LED chips, white LED chips and others.
  • Based on the application, the market has been segmented into backlighting, illumination, automotive, signs and signal, and others.
  • Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for the majority of the global market.
  • The competitive landscape of the market has also been examined with some of the key players being AVA Technologies Inc., Bright LED Electronics Corporation, Cree, Bridgelux, Hitachi Cable, Huga Optech, Dowa Electronics Materials Co Ltd, Epistar Corporation, Nichia Corporation, Formosa Epitaxy Inc., Goldeneye INC., Kingbright, Optek Technology Ltd, Osa Opto Light Gmbh and Osram Opto Semiconductors.


Key Questions Answered in This Report:

  • How has the global LED chip market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global LED chip industry?
  • What is the breakup of the global LED chip market on the basis of product type?
  • What is the breakup of the global LED chip market on the basis of application?
  • What are the various stages in the value chain of the global LED chip market?
  • What are the key driving factors and challenges in the global LED chip market?
  • What is the structure of the global LED chip market and who are the key players?
  • What is the degree of competition in the global LED chip market?
  • How is LED chip manufactured?

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    Properties
    4.3    Key Industry Trends
5    Global LED Chip Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Product
    5.4    Market Breakup by Application
    5.5    Market Breakup by Region
    5.6    Market Forecast
6    Market Breakup by Product
    6.1    Blue LED Chips
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Red LED Chips
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Green LED Chips
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Infrared LED Chips
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Yellow LED Chips
        6.5.1    Market Trends
        6.5.2    Market Forecast
    6.6    White LED Chips
        6.6.1    Market Trends
        6.6.2    Market Forecast
    6.7    Others
        6.7.1    Market Trends
        6.7.2    Market Forecast
7    Market Breakup by Application
    7.1    Backlighting
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Illumination
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Automotive
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Signs and Signal
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Others
        7.5.1    Market Trends
        7.5.2    Market Forecast
8    Market Breakup by Region
    8.1    Asia Pacific
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Europe
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    North America
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Middle East and Africa
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Latin America
        8.5.1    Market Trends
        8.5.2    Market Forecast
9    Global LED Chip Industry: SWOT Analysis 
    9.1    Overview 
    9.2    Strengths
    9.3    Weaknesses 
    9.4    Opportunities
    9.5    Threats
10    Global LED Chip Industry: Value Chain Analysis 
    10.1    Overview
    10.2    Research and Development
    10.3    Raw Material Procurement
    10.4    Manufacturing
    10.5    Marketing
    10.6    Distribution
    10.7    End-Use
11    Global LED Chip Industry: Porters Five Forces Analysis 
    11.1     Overview 
    11.2     Bargaining Power of Buyers
    11.3     Bargaining Power of Suppliers 
    11.4     Degree of Competition
    11.5     Threat of New Entrants
    11.6     Threat of Substitutes
12    Global LED Chip Industry: Price Analysis 
    12.1      Price Indicators
    12.2      Price Structure
    12.3      Margin Analysis
13    LED Chip Manufacturing Process
    13.1    Product Overview
    13.2    Raw Material Requirements
    13.3    Manufacturing Process
    13.4    Key Success and Risk Factors
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    AVA Technologies Inc. 
        14.3.2    Bright LED Electronics Corporation
        14.3.3    Cree
        14.3.4    Bridgelux
        14.3.5    Hitachi Cable
        14.3.6    Huga Optech
        14.3.7    Dowa Electronics Materials Co Ltd
        14.3.8    Epistar Corporation
        14.3.9    Nichia Corporation
        14.3.10     Formosa Epitaxy Inc.
        14.3.11    Goldeneye INC. 
        14.3.12    Kingbright 
        14.3.13    Optek Technology Ltd 
        14.3.14    Osa Opto Light Gmbh 
        14.3.15    Osram Opto Semiconductors 


List of Figures

Figure 1: Global: LED Chip Market: Major Drivers and Challenges
Figure 2: Global: LED Chip Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: LED Chip Market: Breakup by Product (in %), 2018
Figure 4: Global: LED Chip Market: Breakup by Application (in %), 2018
Figure 5: Global: LED Chip Market: Breakup by Region (in %), 2018
Figure 6: Global: LED Chip Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 7: Global: LED Chip Industry: SWOT Analysis
Figure 8: Global: LED Chip Industry: Value Chain Analysis
Figure 9: Global: LED Chip Industry: Porter’s Five Forces Analysis
Figure 10: Global: LED Chip (Blue LED Chips) Market: Sales Value (in Million US$), 2011 & 2018
Figure 11: Global: LED Chip (Blue LED Chips) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 12: Global: LED Chip (Red LED Chips) Market: Sales Value (in Million US$), 2011 & 2018
Figure 13: Global: LED Chip (Red LED Chips) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: LED Chip (Green LED Chips) Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: LED Chip (Green LED Chips) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: LED Chip (Infrared LED Chips) Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: LED Chip (Infrared LED Chips) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: LED Chip (Yellow LED Chips) Market: Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: LED Chip (Yellow LED Chips) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: LED Chip (White LED Chips) Market: Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: LED Chip (White LED Chips) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: LED Chip (Other Product Types) Market: Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: LED Chip (Other Product Types) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: LED Chip (Backlighting) Market: Sales Value (in Million US$), 2011 & 2018
Figure 25: Global: LED Chip (Backlighting) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: LED Chip (Illumination) Market: Sales Value (in Million US$), 2011 & 2018
Figure 27: Global: LED Chip (Illumination) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Global: LED Chip (Automotive) Market: Sales Value (in Million US$), 2011 & 2018
Figure 29: Global: LED Chip (Automotive) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Global: LED Chip (Signs and Signal) Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: Global: LED Chip (Signs and Signal) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Global: LED Chip (Other Applications) Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Global: LED Chip (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Asia Pacific: LED Chip Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: Asia Pacific: LED Chip Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Europe: LED Chip Market: Sales Value (in Million US$), 2011 & 2018
Figure 37: Europe: LED Chip Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: North America: LED Chip Market: Sales Value (in Million US$), 2011 & 2018
Figure 39: North America: LED Chip Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Middle East and Africa: LED Chip Market: Sales Value (in Million US$), 2011 & 2018
Figure 41: Middle East and Africa: LED Chip Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: Latin America: LED Chip Market: Sales Value (in Million US$), 2011 & 2018
Figure 43: Latin America: LED Chip Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: LED Chip Manufacturing: Process Flow


List of Tables

Table 1: Global: LED Chip Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: LED Chip Market Forecast: Breakup by Product (in Million US$), 2019-2024
Table 3: Global: LED Chip Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 4: Global: LED Chip Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 5: LED Chip: Raw Material Requirements
Table 6: Global: LED Chip Market Structure
Table 7: Global: LED Chip Market: Key Players

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