Global LED Components Market Growth 2023-2029

Global LED Components Market Growth 2023-2029

A light-emitting diode (LED) is a two-lead semiconductor light source. It is a p–n junction diode that emits light when activated. When a suitable current is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons. This effect is called electroluminescence, and the colour of the light (corresponding to the energy of the photon) is determined by the energy band gap of the semiconductor. LEDs are typically small (less than 1 mm2) and integrated optical components may be used to shape the radiation pattern.

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

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

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

The global LED Components market size is projected to grow from US$ 11780 million in 2022 to US$ 16090 million in 2029; it is expected to grow at a CAGR of 16090 from 2023 to 2029.

LED uses fall into three major categories which are Indicators and signs, Data communication and signaling, and Lighting. The low energy consumption, low maintenance and small size of LEDs has led to uses as status indicators and displays on a variety of equipment and installations. Large-area LED displays are used as stadium displays, dynamic decorative displays, and dynamic message signs on freeways. Thin, lightweight message displays are used at airports and railway stations, and as destination displays for trains, buses, trams, and ferries. With the development of high-efficiency and high-power LEDs, it has become possible to use LEDs in lighting and illumination. LEDs are used as street lights and in other architectural lighting. The mechanical robustness and long lifetime are used in automotive lighting on cars, motorcycles, and bicycle lights. Light can be used to transmit data and analog signals. For example, lighting white LEDs can be used in systems assisting people to navigate in closed spaces while searching necessary rooms or objects.

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

Market Segmentation:

Segmentation by type
Miniature LED
High-Power LED
AC-Driven LED

Segmentation by application
Indicators and Signs
Lighting
Data Communication

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.
Everlight Electronics
Epistar
Huga Opotech
Lite-On Optoelectronics
Techcore
Kingbright
Lextar Electronics
Taiwan Semiconductor Manufacturing
Opto Tech

Key Questions Addressed in this Report

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

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

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

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

How does LED Components 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.