Global LED Chips Market 2021 Disclosing Latest Trends and Advancement Outlook 2026 – OSRAM Opto Semiconductors GmbH, Nichia Corporation, Philips Lumileds Lighting Company

Latest released, the research study on Global LED Chips Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. LED Chips Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the LED Chips. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: OSRAM Opto Semiconductors GmbH, Nichia Corporation, Philips Lumileds Lighting Company, Epistar Corporation, SemiLEDS, Bridgelux Inc., TOYODA GOSEI Co., Seoul Viosys Co. Ltd, Samsung Electronics. Co. Ltd, Cree Inc., Formosa Epitaxy

The LED Chips Market is expected to grow at a CAGR of 12.3% over the forecast period 2021 - 2026. 

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Industry Updates:

- Dec 2019 - Cree Inc. announced a patent license agreement with Advanced Optoelectronic Technology Inc., which provides AOT with the right to use patented Cree technology in the field of LEDs for display backlights and help produce energy-efficient and performance-oriented displays.

Key Market Trends

Automotive is Expected to Hold Major Market Share

- Rising concerns about the need for a better lighting system, cost-effective, and less power consumption are the key factors driving the LED market in automotive end-users. LEDs are currently in the process of replacing classic bulbs in modern vehicles. They not only provide high luminous efficiency and increased safety, but also more design freedom and a great level of savings potential. Cree color LEDs are optimized for transportation lighting, including emergency-vehicle lighting.
- For instance, an LED lamp mainly consumes only one-tenth of the electricity consumed by an incandescent lamp. In this context, the European Union has officially recognized LED headlamps as an energy-efficient technology. Companies like OSRAM offer a broad range of LEDs for Automotive industry; for example, Audi using OSRAM LEDs in the Headlights of a new model of Audi A8. For general lighting, OSRAM has almost all types of SMD LEDs from 0.1W to 5W, in all dimension packages, i.e. 3030, 5050. 5630, 2835, and others.
- According to Clearwater International, by 2020, the global automotive LED lighting market is expected to grow to around 7.3 billion U.S. dollars.Huge demands for LED Chips are expected from the United States and the Asian regions, like South Korea, China, and Taiwan, particularly for LED chips, due to the significant productions of automotive and hybrid cars and the availability of chips for manufacturing the material in these regions.

Asia Pacific is Expected to Witness the Highest Growth Rate

- Geographically, the Asia-Pacific region has a positive demand for consumer electronics and automobiles, where rapid changes in technology are resulting in high performance. Thus, the need for high and medium power LEDs is expected to grow, as chips have a crucial role in the design of the end product. The region has been the largest market for consumer electronics, considering the rising disposable income, rapid urbanization, and a shift in spending habits.
- Till June 2018, China generated the highest revenue from consumer electronics (dishwashers, washing machines, and coffee machines) as compared to other developed nations, like the United States and Germany. The automotive sector in Asia-Pacific also seems to grow, considering the demographic and macroeconomic changes. Most of the revenue has been coming from the general lighting, and the automotive lighting LED chip is an emerging market in Asia-Pacific, mainly due to falling raw material prices, the size of the vehicle population, and the number of production units in this region.
- The automotive industry has been witnessing rapid growth in China, and the country is playing an increasingly crucial role in the global automotive market. The Government of China views its automotive sector, including the auto parts sector, as one of the countrys pillar industries. Moreover, the central government of China anticipates that the country's automobile production will reach 30 million units by 2020 and 35 million units by 2025. With the growth in automobile production, the need for LED chips is expected to increase, thereby, impacting the markets growth positively.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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