Global Light-emitting Diode (LED) Market Growth 2023-2029

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Light-emitting Diode (LED) and breaks down the forecast by technology, 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 Light-emitting Diode (LED).

The global Light-emitting Diode (LED) market size is projected to grow from US$ 62330 million in 2022 to US$ 173050 million in 2029; it is expected to grow at a CAGR of 173050 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 Light-emitting Diode (LED) market by product technology, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by technology
Ultraviolet LED
Polymer LED
Organic LED
Basic LED
High Brightness LED

Segmentation by application
Residential
Commercial
Industrial
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.
Cree
GE Lighting
LG Innotek
NICHIA
OSRAM
Philips Lighting
Samsung Electronics
Dialight
Eaton
Emerson
Everlight Electronics
Seoul Semiconductor
Toyoda Gosei

Key Questions Addressed in this Report

What is the 10-year outlook for the global Light-emitting Diode (LED) market?

What factors are driving Light-emitting Diode (LED) market growth, globally and by region?

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

How do Light-emitting Diode (LED) market opportunities vary by end market size?

How does Light-emitting Diode (LED) break out technology, 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.