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LED Market By Product, By Applications, By End User: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 170 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640551
Description Jump to:
The global LED market size was valued at $78.69 billion in 2020, and is projected to reach $192.68 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. The light-emitting diode (LED) is one of most energy-efficient and rapidly-developing lighting technologies. Quality LED light bulbs last longer, are more durable, and offer comparable or better light quality than any other types of lighting. LED technology delivers high-quality lighting with significant energy savings, especially when paired with lighting controls. One of the biggest benefits of LED lighting is the ability to completely regulate the light whenever required.

Factors such as increase in demand for cost-effective and energy-saving LED lighting, government campaign toward LED use to curb cost & pollution, and increase in need for replacing traditional lighting fuel growth of the LED market. However, voltage sensitivity and temperature dependence hinder the market growth. Conversely, surge in need for smart lighting is expected to offer lucrative opportunities for the LED market across the globe.

The LED market is segmented on the basis of product, application, end user, and region. Depending on product, the market is categorized into LED lamps and LED fixtures. According to application, it is divided into indoor lighting and outdoor lighting. As per the end user, it is fragmented into residential, industrial, commercial, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major companies profiled in the report include Cree, Inc., Everlight Electronics Co., Ltd., General Electric Company, LG Innotek Co., Ltd., Lumens Co., Ltd., Lumileds Holding B.V., Nichia Corporation, Koninklijke Philips N.V., Osram Licht AG, and Seoul Semiconductor Co. Ltd.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global LED market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall LED market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The LED market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
  • The report includes the LED market share of key vendors and market trends.

Key Market Segments


By Product

  • LED Lamps
  • LED Fixtures

By Applications

  • Indoor Lighting
  • Outdoor Lighting

By End User

  • Commerical
  • Residential
  • Others
  • Industrial

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Cree, Inc.
  • Everlight Electronics Co., Ltd.
  • General Electric Company
  • LG Innotek Co., Ltd.
  • Lumens Co., Ltd.
  • Lumileds Holding B.V.
  • Nichia Corporation
  • Koninklijke Philips N.V.
  • Osram Licht AG
  • Seoul Semiconductor Co. Ltd.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: LED MARKET, BY PRODUCT
4.1 Overview
4.1.1 Market size and forecast
4.2 LED Lamps
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 LED Fixtures
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: LED MARKET, BY APPLICATIONS
5.1 Overview
5.1.1 Market size and forecast
5.2 Indoor Lighting
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Outdoor Lighting
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: LED MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Industrial
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Commerical
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Residential
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Others
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
CHAPTER 7: LED MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product
7.2.3 North America Market size and forecast, by Applications
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Product
7.2.5.1.2 Market size and forecast, by Applications
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product
7.2.5.2.2 Market size and forecast, by Applications
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product
7.2.5.3.2 Market size and forecast, by Applications
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product
7.3.3 Europe Market size and forecast, by Applications
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Product
7.3.5.1.2 Market size and forecast, by Applications
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Product
7.3.5.2.2 Market size and forecast, by Applications
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 U.K.
7.3.5.3.1 Market size and forecast, by Product
7.3.5.3.2 Market size and forecast, by Applications
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Russia
7.3.5.4.1 Market size and forecast, by Product
7.3.5.4.2 Market size and forecast, by Applications
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Product
7.3.5.5.2 Market size and forecast, by Applications
7.3.5.5.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product
7.4.3 Asia-Pacific Market size and forecast, by Applications
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Product
7.4.5.1.2 Market size and forecast, by Applications
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Product
7.4.5.2.2 Market size and forecast, by Applications
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Product
7.4.5.3.2 Market size and forecast, by Applications
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Product
7.4.5.4.2 Market size and forecast, by Applications
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Product
7.4.5.5.2 Market size and forecast, by Applications
7.4.5.5.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product
7.5.3 LAMEA Market size and forecast, by Applications
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Product
7.5.5.1.2 Market size and forecast, by Applications
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Product
7.5.5.2.2 Market size and forecast, by Applications
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Product
7.5.5.3.2 Market size and forecast, by Applications
7.5.5.3.3 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Cree, Inc.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Everlight Electronics Co., Ltd.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 General Electric Company
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 LG Innotek Co., Ltd.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Lumens Co., Ltd.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Lumileds Holding B.V.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Nichia Corporation
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Koninklijke Philips N.V.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Osram Licht AG
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Seoul Semiconductor Co. Ltd.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Led Market, by Product, 2020-2030, ($Billion)
Table 2. Led Market Revenue, for Led Lamps, by Region, 2020-2030, ($Billion)
Table 3. Led Market Led Lamps by Country, 2020-2030, ($Billion)
Table 4. Led Market Revenue, for Led Fixtures, by Region, 2020-2030, ($Billion)
Table 5. Led Market Led Fixtures by Country, 2020-2030, ($Billion)
Table 6. Global Led Market, by Applications, 2020-2030, ($Billion)
Table 7. Led Market Revenue, for Indoor Lighting, by Region, 2020-2030, ($Billion)
Table 8. Led Market Indoor Lighting by Country, 2020-2030, ($Billion)
Table 9. Led Market Revenue, for Outdoor Lighting, by Region, 2020-2030, ($Billion)
Table 10. Led Market Outdoor Lighting by Country, 2020-2030, ($Billion)
Table 11. Global Led Market, by End-user, 2020-2030, ($Billion)
Table 12. Led Market Revenue, for Industrial, by Region, 2020-2030, ($Billion)
Table 13. Led Market Industrial by Country, 2020-2030, ($Billion)
Table 14. Led Market Revenue, for Commerical, by Region, 2020-2030, ($Billion)
Table 15. Led Market Commerical by Country, 2020-2030, ($Billion)
Table 16. Led Market Revenue, for Residential, by Region, 2020-2030, ($Billion)
Table 17. Led Market Residential by Country, 2020-2030, ($Billion)
Table 18. Led Market Revenue, for Others, by Region, 2020-2030, ($Billion)
Table 19. Led Market Others by Country, 2020-2030, ($Billion)
Table 20. Led Market, by Region, 2020-2030, ($Billion)
Table 21. North America Led Market, by Product, 2020-2030, ($Billion)
Table 22. North America Led Market, by Applications, 2020-2030, ($Billion)
Table 23. North America Led Market, by End-user, 2020-2030, ($Billion)
Table 24. North America Led Market, by Country, 2020-2030, ($Billion)
Table 25. U.S. Led Market by Product 2020-2030, ($Billion)
Table 26. U.S. Led Market by Applications 2020-2030, ($Billion)
Table 27. U.S. Led Market by End-user 2020-2030, ($Billion)
Table 28. Canada Led Market by Product 2020-2030, ($Billion)
Table 29. Canada Led Market by Applications 2020-2030, ($Billion)
Table 30. Canada Led Market by End-user 2020-2030, ($Billion)
Table 31. Mexico Led Market by Product 2020-2030, ($Billion)
Table 32. Mexico Led Market by Applications 2020-2030, ($Billion)
Table 33. Mexico Led Market by End-user 2020-2030, ($Billion)
Table 34. Europe Led Market, by Product, 2020-2030, ($Billion)
Table 35. Europe Led Market, by Applications, 2020-2030, ($Billion)
Table 36. Europe Led Market, by End-user, 2020-2030, ($Billion)
Table 37. Europe Led Market, by Country, 2020-2030, ($Billion)
Table 38. Germany Led Market by Product 2020-2030, ($Billion)
Table 39. Germany Led Market by Applications 2020-2030, ($Billion)
Table 40. Germany Led Market by End-user 2020-2030, ($Billion)
Table 41. France Led Market by Product 2020-2030, ($Billion)
Table 42. France Led Market by Applications 2020-2030, ($Billion)
Table 43. France Led Market by End-user 2020-2030, ($Billion)
Table 44. U.K. Led Market by Product 2020-2030, ($Billion)
Table 45. U.K. Led Market by Applications 2020-2030, ($Billion)
Table 46. U.K. Led Market by End-user 2020-2030, ($Billion)
Table 47. Russia Led Market by Product 2020-2030, ($Billion)
Table 48. Russia Led Market by Applications 2020-2030, ($Billion)
Table 49. Russia Led Market by End-user 2020-2030, ($Billion)
Table 50. Rest of Europe Led Market by Product 2020-2030, ($Billion)
Table 51. Rest of Europe Led Market by Applications 2020-2030, ($Billion)
Table 52. Rest of Europe Led Market by End-user 2020-2030, ($Billion)
Table 53. Asia-Pacific Led Market, by Product, 2020-2030, ($Billion)
Table 54. Asia-Pacific Led Market, by Applications, 2020-2030, ($Billion)
Table 55. Asia-Pacific Led Market, by End-user, 2020-2030, ($Billion)
Table 56. Asia-Pacific Led Market, by Country, 2020-2030, ($Billion)
Table 57. China Led Market by Product 2020-2030, ($Billion)
Table 58. China Led Market by Applications 2020-2030, ($Billion)
Table 59. China Led Market by End-user 2020-2030, ($Billion)
Table 60. Japan Led Market by Product 2020-2030, ($Billion)
Table 61. Japan Led Market by Applications 2020-2030, ($Billion)
Table 62. Japan Led Market by End-user 2020-2030, ($Billion)
Table 63. India Led Market by Product 2020-2030, ($Billion)
Table 64. India Led Market by Applications 2020-2030, ($Billion)
Table 65. India Led Market by End-user 2020-2030, ($Billion)
Table 66. Australia Led Market by Product 2020-2030, ($Billion)
Table 67. Australia Led Market by Applications 2020-2030, ($Billion)
Table 68. Australia Led Market by End-user 2020-2030, ($Billion)
Table 69. Rest of Asia-Pacific Led Market by Product 2020-2030, ($Billion)
Table 70. Rest of Asia-Pacific Led Market by Applications 2020-2030, ($Billion)
Table 71. Rest of Asia-Pacific Led Market by End-user 2020-2030, ($Billion)
Table 72. LAMEA Led Market, by Product, 2020-2030, ($Billion)
Table 73. LAMEA Led Market, by Applications, 2020-2030, ($Billion)
Table 74. LAMEA Led Market, by End-user, 2020-2030, ($Billion)
Table 75. LAMEA Led Market, by Country, 2020-2030, ($Billion)
Table 76. Latin America Led Market by Product 2020-2030, ($Billion)
Table 77. Latin America Led Market by Applications 2020-2030, ($Billion)
Table 78. Latin America Led Market by End-user 2020-2030, ($Billion)
Table 79. Middle East Led Market by Product 2020-2030, ($Billion)
Table 80. Middle East Led Market by Applications 2020-2030, ($Billion)
Table 81. Middle East Led Market by End-user 2020-2030, ($Billion)
Table 82. Africa Led Market by Product 2020-2030, ($Billion)
Table 83. Africa Led Market by Applications 2020-2030, ($Billion)
Table 84. Africa Led Market by End-user 2020-2030, ($Billion)
Table 85. Cree, Inc.: Company Snapshot
Table 86. Cree, Inc.: Operating Segments
Table 87. Cree, Inc.: Product Portfolio
Table 88. Cree, Inc.: Net Sales
Table 89. Cree, Inc.: Key Stratergies
Table 90. Everlight Electronics Co., Ltd.: Company Snapshot
Table 91. Everlight Electronics Co., Ltd.: Operating Segments
Table 92. Everlight Electronics Co., Ltd.: Product Portfolio
Table 93. Everlight Electronics Co., Ltd.: Net Sales
Table 94. Everlight Electronics Co., Ltd.: Key Stratergies
Table 95. General Electric Company: Company Snapshot
Table 96. General Electric Company: Operating Segments
Table 97. General Electric Company: Product Portfolio
Table 98. General Electric Company: Net Sales
Table 99. General Electric Company: Key Stratergies
Table 100. Lg Innotek Co., Ltd.: Company Snapshot
Table 101. Lg Innotek Co., Ltd.: Operating Segments
Table 102. Lg Innotek Co., Ltd.: Product Portfolio
Table 103. Lg Innotek Co., Ltd.: Net Sales
Table 104. Lg Innotek Co., Ltd.: Key Stratergies
Table 105. Lumens Co., Ltd.: Company Snapshot
Table 106. Lumens Co., Ltd.: Operating Segments
Table 107. Lumens Co., Ltd.: Product Portfolio
Table 108. Lumens Co., Ltd.: Net Sales
Table 109. Lumens Co., Ltd.: Key Stratergies
Table 110. Lumileds Holding B.V.: Company Snapshot
Table 111. Lumileds Holding B.V.: Operating Segments
Table 112. Lumileds Holding B.V.: Product Portfolio
Table 113. Lumileds Holding B.V.: Net Sales
Table 114. Lumileds Holding B.V.: Key Stratergies
Table 115. Nichia Corporation: Company Snapshot
Table 116. Nichia Corporation: Operating Segments
Table 117. Nichia Corporation: Product Portfolio
Table 118. Nichia Corporation: Net Sales
Table 119. Nichia Corporation: Key Stratergies
Table 120. Koninklijke Philips N.V.: Company Snapshot
Table 121. Koninklijke Philips N.V.: Operating Segments
Table 122. Koninklijke Philips N.V.: Product Portfolio
Table 123. Koninklijke Philips N.V.: Net Sales
Table 124. Koninklijke Philips N.V.: Key Stratergies
Table 125. Osram Licht Ag: Company Snapshot
Table 126. Osram Licht Ag: Operating Segments
Table 127. Osram Licht Ag: Product Portfolio
Table 128. Osram Licht Ag: Net Sales
Table 129. Osram Licht Ag: Key Stratergies
Table 130. Seoul Semiconductor Co. Ltd.: Company Snapshot
Table 131. Seoul Semiconductor Co. Ltd.: Operating Segments
Table 132. Seoul Semiconductor Co. Ltd.: Product Portfolio
Table 133. Seoul Semiconductor Co. Ltd.: Net Sales
Table 134. Seoul Semiconductor Co. Ltd.: Key Stratergies
LIST OF FIGURES
Figure 1. Led Market Segmentation
Figure 2. Led Market, 2020-2030
Figure 3. Led Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Led Market:Drivers, Restraints and Opportunities
Figure 11. Led Market, by Product, 2020 (%)
Figure 12. Comparative Share Analysis of Led Lamps Led Market, 2020-2030 (%)
Figure 13. Comparative Share Analysis of Led Fixtures Led Market, 2020-2030 (%)
Figure 14. Led Market, by Applications, 2020 (%)
Figure 15. Comparative Share Analysis of Indoor Lighting Led Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Outdoor Lighting Led Market, 2020-2030 (%)
Figure 17. Led Market, by End-user, 2020 (%)
Figure 18. Comparative Share Analysis of Industrial Led Market, 2020-2030 (%)
Figure 19. Comparative Share Analysis of Commerical Led Market, 2020-2030 (%)
Figure 20. Comparative Share Analysis of Residential Led Market, 2020-2030 (%)
Figure 21. Comparative Share Analysis of Others Led Market, 2020-2030 (%)
Figure 22. Led Market by Region, 2020
Figure 23. U.S. Led Market, 2020-2030 ($Billion)
Figure 24. Canada Led Market, 2020-2030 ($Billion)
Figure 25. Mexico Led Market, 2020-2030 ($Billion)
Figure 26. Germany Led Market, 2020-2030 ($Billion)
Figure 27. France Led Market, 2020-2030 ($Billion)
Figure 28. U.K. Led Market, 2020-2030 ($Billion)
Figure 29. Russia Led Market, 2020-2030 ($Billion)
Figure 30. Rest of Europe Led Market, 2020-2030 ($Billion)
Figure 31. China Led Market, 2020-2030 ($Billion)
Figure 32. Japan Led Market, 2020-2030 ($Billion)
Figure 33. India Led Market, 2020-2030 ($Billion)
Figure 34. Australia Led Market, 2020-2030 ($Billion)
Figure 35. Rest of Asia-Pacific Led Market, 2020-2030 ($Billion)
Figure 36. Latin America Led Market, 2020-2030 ($Billion)
Figure 37. Middle East Led Market, 2020-2030 ($Billion)
Figure 38. Africa Led Market, 2020-2030 ($Billion)
Figure 39. Top Winning Strategies, by Year
Figure 40. Top Winning Strategies, by Development
Figure 41. Top Winning Strategies, by Company
Figure 42. Product Mapping of Top 10 Players
Figure 43. Competitive Dashboard
Figure 44. Competitive Heatmap of Top 10 Key Players
Figure 45. Cree, Inc. Net Sales, ($Billion)
Figure 46. Everlight Electronics Co. Ltd. Net Sales, ($Billion)
Figure 47. General Electric Company.: Net Sales, ($Billion)
Figure 48. Lg Innotek Co. Ltd. Net Sales, ($Billion)
Figure 49. Lumens Co. Ltd. Net Sales, ($Billion)
Figure 50. Lumileds Holding B.V. Net Sales, ($Billion)
Figure 51. Nichia Corporation.: Net Sales, ($Billion)
Figure 52. Koninklijke Philips N.V. Net Sales, ($Billion)
Figure 53. Osram Licht AG.: Net Sales, ($Billion)
Figure 54. Seoul Semiconductor Co. Ltd. Net Sales, ($Billion)

Executive Summary

According to this report titled, 'LED Market,' the global LED Market size was valued at $78.69 billion in 2020, and is projected to reach $192.68 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Asia-Pacific is expected to be the leading contributor to the global LED Market, followed by Europe and North America.

A light-emitting diode (LED) is a semiconductor light source that converts electrical energy directly into light energy. Light emitting diodes (LEDs) are used in variety of applications. Application of LED was limited to certain specific lighting needs and were not introduced in the mainstream general lighting applications. Introduction of LED in applications such as general lightings has fueled the market growth. LED is expected to take over the conventional Compact Fluorescent Lamp (CFL) and Cold Cathode Fluorescent Lamp (CCFL) lighting market, due to advanced features. Moreover, it is a cost-effective solution for all lighting as well as other application purposes such as backlighting in large screen LED display and automotive lighting.

The LED market possesses high potential. This is attributed to the fact that presently, there is increase in demand for LED lighting in the residential sector, particularly in the U.S., China, India, and other developing countries. Moreover, companies in this industry adopt various innovative techniques to provide customers with advanced and innovative product offerings.

LEDs are used in lamps to replace incandescent light sources, owing to advantages such as prolonged shelf life, low power requirement, and small sized & robust attribute. In spite of such advantages, LEDs are more expensive compared to conventional lighting and are voltage sensitive, which impede the LED market growth. The LED technology is expected to provide a superior advantage to its users than conventional lighting systems in the future, owing to the benefits it offers.

The LED market analysis is provided on the basis of product, application, end user, and region. On the basis of product, the market is categorized into LED lamps and LED fixtures. Depending on application, it is divided into indoor lighting and outdoor lighting. As per the end user, it is fragmented into industrial, commercial, residential, and others.

Region wise, the LED Market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific dominated the LED Market across the globe, due to the presence of large number of manufacturers. Thus, local manufacturers have numerous growth opportunities in the market. In addition, surge in demand for low-power consuming lighting solutions is expected to provide ample opportunities for the prominent players operating in the LED market. Several countries in Asia-Pacific such as India and China aims to phase out the its traditional incandescent & fluorescent bulbs and tubes and replace them with the latest LEDs. All these factors are expected to create lucrative opportunities for Asia-Pacific LED Industry.

COVID-19 Impact Analysis


The COVID-19 pandemic significantly impacted global economies, resulting in workforce & travel restrictions, supply chain & production disruptions, and reduced demand & spending across many sectors. Sudden decline in infrastructure development and installation projects is expected to hamper the LED Market. The LED Market witnessed decline in its growth rate, owing to delayed construction projects. However, the demand for UV LED from the medical industry accelerated during the pandemic.

Key findings of the Study

  • By product, in 2020, the LED lamps segment generated the highest revenue in the global LED market share.
  • In 2020, the indoor lighting sub segment garnered the highest revenue among the application segment.
  • The key players profiled in the report include Cree, Inc., Everlight Electronics Co., Ltd., General Electric Company, LG Innotek Co., Ltd., Lumens Co., Ltd., Lumileds Holding B.V., Nichia Corporation, Koninklijke Philips N.V., Osram Licht AG, and Seoul Semiconductor Co. Ltd. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the LED Market.

Companies Mentioned

  • Cree, Inc.
  • Everlight Electronics Co., Ltd.
  • General Electric Company
  • LG Innotek Co., Ltd.
  • Lumens Co., Ltd.
  • Lumileds Holding B.V.
  • Nichia Corporation
  • Koninklijke Philips N.V.
  • Osram Licht AG
  • Seoul Semiconductor Co. Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages170
PublishedMarch 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 87.61 billion
Forecasted Market Value ( USD ) by 2030 $ 192.68 billion
Regions CoveredGlobal
No. of Companies Mentioned10

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