What are the Historical Developments and Current Growth Metrics of the High Brightness LED Market?
The high brightness led market has seen considerable growth due to a variety of factors.
• In the past few years, the market size of high brightness LED has significantly increased. It is anticipated that it will expand from $23.59 billion in 2024 to $25.71 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%.
The impressive growth during the historical period can be traced back to energy efficiency regulations, a decrease in LED prices, heightened awareness of environmental issues, and government incentives.
What is the Forecasted Market Size and CAGR for the High Brightness LED Market?
The high brightness led market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of high brightness LED is anticipated to witness substantial growth in the coming years, projected to escalate to $35.84 billion in 2029 with a compound annual growth rate (CAGR) of 8.7%.
The upsurge in this period can be linked to factors such as the patterns of urbanization, development of intelligent cities, surging demands for automotive lighting, widespread embrace of OLED technology, and proliferation of IoT applications. Key trends of the forecast period encompass progress in horticultural lighting, emergence of UV LED applications, implementation of high brightness LEDs in wearable devices, and a growing incursion in healthcare lighting.
What Key Factors and Trends Are Driving The Growth High Brightness LED Market?
The high-brightness LED market is projected to witness growth due to the escalating demand for electronic devices. These devices, which manage electrical current flow for system control and information processing, are gaining popularity as a result of technological advances, lifestyle shifts, market proliferation in developing economies, and eco-consciousness. High-Brightness LEDs are favoured in electronic devices owing to their superior performance, energy conservation, and design adaptability, which enhances their use in consumer electronics and propels market growth. For instance, the Pomodoro Timer, a simple web-based timer platform from Ukraine, reported in August 2022 that the revenue from technical electronics devices amounted to $14.21 billion in 2022, predicted to witness a 17% rise by 2025. Thus, the burgeoning demand for electronic devices is fueling the expansion of the high-brightness LED market.
What Are The Market Segments In The High Brightness LED Market?
The high brightness led market covered in this report is segmented –
1) By Type: 6V, 12V, 24V
2) By Technology: Mesa, Flip Chip, Vertical
3) By Distribution Channel: Offline, Online
4) By Application: Automotive Lighting, General Lighting, Backlighting, Mobile Device, Signals And Signage, Other Applications
5) By End-Use Sector: Commercial, Residential, Industrial, Other End-Users
Subsegments:
1) By 6V: Standard 6V LEDs, High Power 6V LEDs, RGB 6V LEDs
2) By 12V: Standard 12V LEDs, High Power 12V LEDs, RGB 12V LEDs
3) By 24V: Standard 24V LEDs, High Power 24V LEDs, RGB 24V LEDs
Pre-Book The High Brightness LED Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The High Brightness LED Industry?
Leading firms in the high-brightness LED market are prioritizing the creation of innovative LEDs for large scale, high-definition video displays, aiming to improve visual quality, energy conservation, and longevity. This caters to the rising need for vivid and dependable display solutions in areas like digital signage, sports venues, and exterior advertising. These cutting-edge LEDs are purposely designed to provide superior sharpness and luminance, crucial in large-scale, high-definition displays, common in outdoor billboards, stadiums, and digital signs. In Feb 2023, for example, Cree LED, a US-based LED solution company, introduced three new surface mount diode (SMD) LEDs, tailor-made for large scale, high-definition video display use. The purpose of these breakthroughs is to improve image quality and reliability across a range of display settings, from stadiums to airports, control centers, and outdoor signs. All three products provide exceptional brightness, ensuring vibrant colors and excellent visibility even under tough lighting situations. These LEDs are rigorously developed to endure adverse environmental conditions, making them fit for both interior and exterior uses.
Who Are the Key Players In The High Brightness LED Market?
Major companies operating in the high brightness LED market are:
• Samsung Electronics Co. Ltd.
• LG Electronics
• General Electric Company
• Broadcom
• Eaton Technologies
• Koninklijke Philips N.V.
• Toyoda Gosei Co. Ltd.
• Lite-On Technology Corporation
• OSRAM Licht
• Seoul Semiconductor Co. Ltd.
• Everlight Electronics Co. Ltd.
• Viewsonic Corporation
• Cree LED
• Lumileds Holding B.V.
• Moritex Corporation
• Lumex
• Plessey
• Kingbright Company LLC.
• Genesis Photonics Inc.
• Intematix Corporation
• Luckylight Electronics Co. Ltd.
• Epistar Corporation
• Nichia Corporation
• American Bright Optoelectronics Corporation
• Syska
What Are The Regional Insights Into The High Brightness LED Market?
Asia-Pacific was the largest region in the high brightness LED market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high brightness LED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
