The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global LED chip market was valued at US$ 24.9 Billion in 2022.
We expect the global LED chip market to exhibit a CAGR of 12.81% during 2023-2028.
The rising adoption of LED chips for improving the efficiency of lighting systems, along with assisting in determining the quality and color of light, such as red, blue, green, etc., is primarily driving the global LED chip market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for LED chips.
Based on the product, the global LED chip market has been segregated into blue LED chips, red LED chips, green LED chips, infrared LED chips, yellow LED chips, white LED chips, and others. Among these, blue LED chips currently hold the largest market share.
Based on the application, the global LED chip market can be bifurcated into backlighting, illumination, automotive, signs and signal, and others. Currently, backlighting exhibits a clear dominance in the market.
On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global LED chip market include AVA Technologies, Inc., Bright LED Electronics Corporation, Cree, Inc., Bridgelux, Inc., Hitachi Cable, Ltd., Huga Optech, Inc., Dowa Electronics Materials Co., Ltd., Epistar Corporation, Nichia Corporation, Formosa Epitaxy, Inc., Goldeneye, Inc., Kingbright Electronic Co. Ltd., Optek Technology (TT Electronic PLC), OSA Opto Light GmbH, Osram Opto Semiconductors GmbH, etc.
Hearables Market by Product (Headsets, Earbuds, Hearing Aids), Type (On Ear, In Ear, Over Ear), Connectivity Technology (Wired, Wireless), End User (Consumer, Industrial, Healthcare), and Region 2023-2028
Embedded Die Packaging Technology Market by Platform (Embedded Die in IC Package Substrate, Embedded Die in Rigid Board, Embedded Die in Flexible Board), Industry Vertical (Consumer Electronics, IT and Telecommunication, Automotive, Healthcare, and Others), and Region 2023-2028
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at