Global High Brightness LED Market Growth 2023-2029

Global High Brightness LED Market Growth 2023-2029

One HBLED definition is that it is a light emitting diode that produces over 50 lumens (1 candela = 12.75 lumens). High-Brightness LEDs are any of a new generation of LEDs bright enough for illumination applications such as automotive interior, exterior, and display; room and architectural illumination; task and general lighting; projection display; display backlights; and signage.

LPI (LP Information)' newest research report, the “High Brightness LED Industry Forecast” looks at past sales and reviews total world High Brightness LED sales in 2022, providing a comprehensive analysis by region and market sector of projected High Brightness LED sales for 2023 through 2029. With High Brightness LED sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Brightness LED industry.

This Insight Report provides a comprehensive analysis of the global High Brightness 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 High Brightness LED portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High Brightness LED market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Brightness 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 High Brightness LED.

The global High Brightness LED market size is projected to grow from US$ 16870 million in 2022 to US$ 21400 million in 2029; it is expected to grow at a CAGR of 21400 from 2023 to 2029.

The major players in global Indica (High-brightness LED) market include Nichia Corporation, Osram Opto Semiconductor, Lumileds, etc. The top 3 players occupy about 30% shares of the global market.

This report presents a comprehensive overview, market shares, and growth opportunities of High Brightness LED market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
6V
12V
24V

Segmentation by application
Consumer Electronics
General Lighting
Automotive

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 analyzing the company's coverage, product portfolio, its market penetration.
Cree
GE Lighting
LG Innotek
Lumileds
Nichia
OSRAM
Samsung Electronics
Seoul Semiconductor

Key Questions Addressed in this Report

What is the 10-year outlook for the global High Brightness LED market?

What factors are driving High Brightness LED market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do High Brightness LED market opportunities vary by end market size?

How does High Brightness LED break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.