Global Chip LED Market Growth 2024-2030
Chip LED is a surface mount (SMD) LED that is more compact than traditional pin-type LEDs. This design allows them to be installed in smaller spaces, making them ideal for use in modern electronic devices. Chip LEDs typically provide higher brightness and higher energy efficiency. Due to their high luminous efficiency, they can provide more light output at the same power consumption. They have become a common and important component in modern electronic and lighting equipment due to their superior performance and applicability.
The global Chip LED market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.
LP Information, Inc. (LPI) ' newest research report, the “Chip LED Industry Forecast” looks at past sales and reviews total world Chip LED sales in 2023, providing a comprehensive analysis by region and market sector of projected Chip LED sales for 2024 through 2030. With Chip LED sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Chip LED industry.
This Insight Report provides a comprehensive analysis of the global Chip LED landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Chip LED portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Chip LED market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Chip LED and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Chip LED.
United States market for Chip LED is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
China market for Chip LED is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for Chip LED is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Global key Chip LED players cover Everlight Electronics, Cree, ams Osram, Lite-On Optoelectronics, Broadcom, etc. In terms of revenue, the global two largest companies occupied for a share nearly
% in 2023.
This report presents a comprehensive overview, market shares, and growth opportunities of Chip LED market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Mono-color Type
Dual-color Type
Multicolor Type
Segmentation by Application:
General Lighting
Displays
Backlight Applications
Automotive Lighting
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Everlight Electronics
Cree
ams Osram
Lite-On Optoelectronics
Broadcom
Kingbright
Dialight
Wurth Elektronik
ROHM
Lumex
Inolux
Stanley Electric
TT Electronics
Nationstar
Vishay
MLS
Hongli ZHIHUI
Key Questions Addressed in this Report
What is the 10-year outlook for the global Chip LED market?
What factors are driving Chip LED market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Chip LED market opportunities vary by end market size?
How does Chip LED break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.