Global LED Chips Market Growth 2023-2029

Global LED Chips Market Growth 2023-2029

Light Emitting Diode (LED) is a solid-state semiconductor devices, which canconvert the energy from an electric current into light.Led chip is a core component of LED, referring to the PN junction.

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

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

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

The global LED Chips market size is projected to grow from US$ 4302.9 million in 2022 to US$ 6566.4 million in 2029; it is expected to grow at a CAGR of 6566.4 from 2023 to 2029.

China is the largest LED Chips market with about 24% market share.

The key players are Nichia, Philips Lumileds, Cree, Toyoda Gosei, OSRAM, Epistar, Tyntek, Genesis Photonics, Lextar, Formosa Epitaxy, OPTO-TECH, Seoul Semiconductor, Samsung, LG Innotek, San'an Opto, Changelight, Aucksun, ETI, Lattice Power, Tong Fang, HC SemiTek etc. Top 3 companies occupied about 28% market share.

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

Market Segmentation:

Segmentation by type

Lateral Chip LED

Vertical Chip LED

Flip Chip LED

Segmentation by application

Automotive

Backlight Sources

Display Screen

Signage

General Lighting

Others

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.

Nichia

Philips Lumileds

Cree

Toyoda Gosei

OSRAM

Epistar

Tyntek

Genesis Photonics

Lextar

Formosa Epitaxy

OPTO-TECH

Seoul Semiconductor

Samsung

LG Innotek

San'an Opto

Changelight

Aucksun

ETI

Lattice Power

Tong Fang

HC SemiTek

Key Questions Addressed in this Report

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

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

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

How do LED Chips market opportunities vary by end market size?

How does LED Chips 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.