High Brightness LED Market Research Report – Global Forecast till 2027

High Brightness LED Market Research Report, by Application (Automotive Lighting, General Lighting, LCD Backlighting, Mobile, Signals & Signage, Others) — Global Forecast till 2027

ID: MRFR/SEM/5701-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market synopsis


Global High Brightness LED market is expected to grow from USD 17.67 billion in 2017 to USD 23.32 billion by 2023, at a CAGR of 9.73% during the forecast period.


High brightness light emitting diodes, also known as HBLEDs are light emitting diodes that generate over 50 lumens output while consuming power of more than 1 watt. These are increasingly finding lighting application owing to the high light output that they provide in comparison to traditional LED lumineers.


The growing need for energy efficient lighting solutions and proliferation in the usage of the LED in backlighting, illumination, automotive, mobiles, and signs & signals has led to growing adoption of high brightness LED’s. Benefits such as longer life span, dimmability, and effective large screen backlighting boost the demand of high brightness LED.


High brightness LED market, by application, is segmented into automotive lighting, general lighting, LCD backlighting, mobile, signals & signage, and others. The general lighting segment dominates the High brightness LED market during the forecast period owing to the large-scale replacement of traditional luminaires for the indoor and outdoor lighting. Furthermore, the reduction in the overall cost of HB LED lights has led to rise in adoption of then same by general public.


The key players operating in the high brightness LED market are Epistar Corporation (Taiwan), Cree, Inc. (US), Lumileds Holding B.V. (Netherland), Moritex Corporation (Japan), Samsung Electronics Co Ltd (South Korea), Seoul semiconductor (South Korea), Osram Opto Semiconductors GmbH (Germany), American Bright Optoelectronics Corps (US), Nichia Corporation (Japan), and Toyoda Gosei (Japan). These players are largely investing in inorganic growth strategies such as partnership, agreement, and acquisition to strengthen their position in the high brightness LED market. For instance, in 2018, Osram Opto Semiconductors GmbH and Nichia Corporation furthered the patent cross license agreement that covers nearly 7000 new patent application and 2000 granted patents for LED lighting for automotive, general lighting, LCD backlights, display, medical and industrial applications among others.


High Brightness LED Market


High Brightness LED Market


Source: MRFR Analysis


Segmentation


High Brightness LED market is segmented based on application and region.


Based on application, the market is segmented into automotive lighting, general lighting, LCD backlighting, mobile, signals & signage, others.


By region, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World.


Regional analysis


The global market for high brightness LED is estimated to grow at a notable rate during the forecast period from 2018 to 2023. The geographical analysis of high brightness LED market is done for North America, Europe, Asia-Pacific, and the rest of the world.


Asia-Pacific is expected to dominate the high brightness LED market from 2018 to 2023 owing to growing market for Television, tablets, PCs, and mobile devices that use HB LED. Furthermore, there is high concentration of market players and easy availability of proficient technical expertise. The region is estimated to grow at the highest CAGR during the forecast period.


Competitive Analysis


The high brightness LED market has witnessed the high demand from energy conservation projects being implemented globally and green construction. The key growth strategies adopted by market players improve their position and excel in the global HB LED market are product launch, partnership, agreement, and acquisition. For instance, in 2017, Cree Inc. formed a joint venture with San’an Optoelectronics Co., Ltd. to make high-performing and mid-power lighting class LED products.


Key players


The prominent players in the High Brightness LED market have been identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. The major vendors of the market are Epistar Corporation (Taiwan), Cree, Inc. (US), Lumileds Holding B.V. (Netherland), Moritex Corporation (Japan), Samsung Electronics Co Ltd (South Korea), Seoul semiconductor (South Korea), Osram Opto Semiconductors GmbH (Germany), American Bright Optoelectronics Corps (US), Nichia Corporation (Japan), and Toyoda Gosei (Japan).


Intended Audience



  • LED manufacturers

  • Sapphire makers

  • Display panel manufacturers

  • Brand customers/OEMs/ODMs

  • OSAT and foundries

  • Display-related service providers

  • Display-related associations, organizations, forums, and alliances

  • Government bodies such as regulatory authorities and policy-makers

  • Venture capitalists, financial and strategic investors, and start-ups

  • Semiconductor component suppliers

  • Distributors and sales firms of display panels and devices

  • End users of display devices

  • Research institutes, organizations, and consulting companies



Frequently Asked Questions (FAQ) :


The high brightness LED market is projected to grow at approximately 9.73% CAGR during the assessment period (2018-2023).

The valuation of the high brightness LED market is estimated to increase to USD 23.32 BN by the end of 2023.

The surging lighting applications of LEDs due to their high light output, augmented demand for energy-efficient lighting solutions, and the proliferation of LED bulbs in automotive, mobiles, and signs & signals, are major tailwinds pushing the growth of the high brightness LED market.

Epistar Corporation (Taiwan), Cree, Inc. (US), Lumileds Holding B.V. (Netherland), Moritex Corporation (Japan), Samsung Electronics Co Ltd (South Korea), Seoul semiconductor (South Korea), Osram Opto Semiconductors GmbH (Germany), American Bright Optoelectronics Corps (US), Nichia Corporation (Japan), and Toyoda Gosei (Japan), are some of the top players operating in the high brightness LED market.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the high brightness LED market adopt to gain a larger competitive advantage.

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Market Structure

3 Market Insights

4 Research Methodology

4.1 Research Process

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

5 Market Outlook

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

5.3 Value Chain Analysis

5.4 Porter’s Five Forces Model

5.4.1 Threat of New Entrants

5.4.2 Bargaining Power of Suppliers

5.4.3 Bargaining Power of Buyers

5.4.4 Threat of Substitutes

5.4.5 Intensity of Rivalry


6 Global High Brightness LED Market, By Application

6.1 Overview

6.2 Automotive Lighting

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, By Region/Country, 2020-2027

6.3 General Lighting

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, By Region/Country, 2020-2027

6.4 LCD Backlighting

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast, By Region/Country, 2020-2027

6.5 Mobile

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast, By Region/Country, 2020-2027

6.6 Signals & Signage

6.6.1 Market Estimates & Forecast, 2020-2027

6.6.2 Market Estimates & Forecast, By Region/Country, 2020-2027

6.7 Others

6.7.1 Market Estimates & Forecast, 2020-2027

6.7.2 Market Estimates & Forecast, By Region/Country, 2020-2027

7 High Brightness LED Market, By Region

7.1 Overview

7.2 North America

7.2.1 Market Estimates & Forecast, By Country, 2020-2027

7.2.2 Market Estimates & Forecast, By Application, 2020-2027

7.2.3 U.S.

7.2.3.1 Market Estimates & Forecast, By Application, 2020-2027

7.2.4 Canada

7.2.4.1 Market Estimates & Forecast, By Application, 2020-2027

7.2.5 Mexico

7.2.5.1 Market Estimates & Forecast, By Application, 2020-2027

7.3 Europe

7.3.1 Market Estimates & Forecast, By Country, 2020-2027

7.3.2 Market Estimates & Forecast, By Application, 2020-2027

7.3.3 Germany

7.3.3.1 Market Estimates & Forecast, By Application, 2020-2027

7.3.4 UK

7.3.4.1 Market Estimates & Forecast, By Application, 2020-2027

7.3.5 France

7.3.5.1 Market Estimates & Forecast, By Application, 2020-2027

7.3.6 Rest of Europe

7.3.6.1 Market Estimates & Forecast, By Application, 2020-2027

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast, By Country, 2020-2027

7.4.2 Market Estimates & Forecast, By Application, 2020-2027

7.4.3 China

7.4.3.1 Market Estimates & Forecast, By Application, 2020-2027

7.4.4 Japan

7.4.4.1 Market Estimates & Forecast, By Application, 2020-2027

7.4.5 India

7.4.5.1 Market Estimates & Forecast, By Application, 2020-2027

7.4.6 Rest of Asia Pacific

7.4.6.1 Market Estimates & Forecast, By Application, 2020-2027

7.5 Rest of the World

7.5.1 Market Estimates & Forecast, By Country, 2020-2027

7.5.2 Market Estimates & Forecast, By Application, 2020-2027

7.5.3 Middle East and Africa

7.5.3.2 Market Estimates & Forecast, By Application, 2020-2027

7.5.4 Latin America

7.5.4.2 Market Estimates & Forecast, By Application, 2020-2027

8 Competitive Landscape

8.1 Competitive Scenario

8.1.1 Competitive Benchmarking of the High Brightness LED Market

9 Company Profiles

9.1 Epistar Corporation

9.1.1 Company Overview

9.1.2 Financial Overview

9.1.3 Product Offerings

9.1.4 Key Developments

9.1.5 SWOT Analysis

9.1.6 Key Strategy

9.2 Cree, Inc.

9.2.1 Company Overview

9.2.2 Financial Overview

9.2.3 Product Offerings

9.2.4 Key Developments

9.2.5 SWOT Analysis

9.2.6 Key Strategy

9.3 Lumileds Holding B.V.

9.3.1 Company Overview

9.3.2 Financial Overview

9.3.3 Product Offerings

9.3.4 Key Developments

9.3.5 SWOT Analysis

9.3.6 Key Strategy

9.4 Moritex Corporation

9.4.1 Company Overview

9.4.2 Financial Overview

9.4.3 Product Offerings

9.4.4 Key Developments

9.4.5 SWOT Analysis

9.4.6 Key Strategy

9.5 Samsung Electronics Co. Limited

9.5.1 Company Overview

9.5.2 Financial Overview

9.5.3 Product Offerings

9.5.4 Key Developments

9.5.5 SWOT Analysis

9.5.6 Key Strategy

9.6 Seoul semiconductor

9.6.1 Company Overview

9.6.2 Financial Overview

9.6.3 Product Offerings

9.6.4 Key Developments

9.6.5 SWOT Analysis

9.6.6 Key Strategy

9.7 Osram Opto Semiconductor

9.7.1 Company Overview

9.7.2 Financial Overview

9.7.3 Product Offerings

9.7.4 Key Developments

9.7.5 SWOT Analysis

9.7.6 Key Strategy

9.8 American Bright Optoelectronics Corporation

9.8.1 Company Overview

9.8.2 Financial Overview

9.8.3 Product Offerings

9.8.4 Key Developments

9.8.5 SWOT Analysis

9.8.6 Key Strategy

9.9 Nichia Corporation

9.9.1 Company Overview

9.9.2 Financial Overview

9.9.3 Product Offerings

9.9.4 Key Developments

9.9.5 SWOT Analysis

9.9.6 Key Strategy

9.10 Toyoda Gosei

9.10.1 Company Overview

9.10.2 Financial Overview

9.10.3 Product Offerings

9.10.4 Key Developments

9.10.5 SWOT Analysis

9.10.6 Key Strategy

10 Conclusion

** Note: Details on Financial Overview, SWOT Analysis, Key Strategy Might Not Be Captured in Case of Unlisted Companies


LIST OF TABLES

Table 1 Global High Brightness LED Market, by Region, 2020–2027

Table 2 North America: High Brightness LED Market, by Country, 2020–2027

Table 3 Europe: High Brightness LED Market, by Country, 2020–2027

Table 4 Asia-Pacific: High Brightness LED Market, by Country, 2020–2027

Table 5 Middle East & Africa: High Brightness LED Market, by Country, 2020–2027

Table 6 Latin America: High Brightness LED Market, by Country, 2020–2027

Table 7 Global High Brightness LED Type Market, by Region, 2020–2027

Table 8 North America: High Brightness LED Type Market, by Country, 2020–2027

Table 9 Europe: High Brightness LED Type Market, by Country, 2020–2027

Table10 Asia-Pacific: High Brightness LED Type Market, by Country, 2020–2027

Table11 Middle East & Africa: High Brightness LED Type Market, by Country, 2020–2027

Table12 Latin America: High Brightness LED Type Market, by Country, 2020–2027

Table13 Global High Brightness LED Vertical Market, by Region, 2020–2027

Table14 North America: High Brightness LED Vertical Market, by Country, 2020–2027

Table15 Europe: High Brightness LED Vertical Market, by Country, 2020–2027

Table16 Asia-Pacific: High Brightness LED Vertical Market, by Country, 2020–2027

Table17 Middle East & Africa: High Brightness LED Vertical Market, by Country, 2020–2027

Table18 Latin America: High Brightness LED Vertical Market, by Country, 2020–2027

Table19 North America: High Brightness LED Market, by Country

Table20 North America: High Brightness LED Market, by Application

Table21 Europe: High Brightness LED Market, by Country

Table22 Europe: High Brightness LED Market, by Application

Table23 Asia-Pacific: High Brightness LED Market, by Country

Table24 Asia-Pacific: High Brightness LED Market, by Application

Table25 Middle East & Africa: High Brightness LED Market, by Country

Table26 Middle East & Africa: High Brightness LED Market, by Application

Table27 Latin America: High Brightness LED Market, by Country

Table28 Latin America: High Brightness LED Market, by Application




LIST OF FIGURES

FIGURE 1 Global High Brightness LED Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global High Brightness LED Market

FIGURE 4 Value Chain of Global High Brightness LED Market

FIGURE 5 Share of Global High Brightness LED Market in 2020, by Country (in %)

FIGURE 6 Global High Brightness LED Market, 2020–2027

FIGURE 7 Global High Brightness LED Market Size, by Application, 2020

FIGURE 8 Share of Global High Brightness LED Market, by Application, 2020 to 2027

FIGURE 9 High Brightness LED Market Size, by Region, 2020

FIGURE 10 Share of High Brightness LED Market, by Region, 2020 to 2027