Press release
Light Emitting Diodes Market worth $237.25 billion by 2030, growing at a CAGR of 10.80% - Exclusive Report by 360iResearch
Light Emitting Diodes Market | 360iResearch
The Global Light Emitting Diodes Market to grow from USD 115.70 billion in 2023 to USD 237.25 billion by 2030, at a CAGR of 10.80%.
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The light emitting diodes (LEDs) market encompasses the global production, distribution, and sale of LED devices and related services. LEDs are semiconductor devices that can convert electricity into light through the process of electroluminescence. This market includes a broad range of products such as LED lamps, diodes for displays, LED fixtures, and systems used for various applications, including residential, commercial, industrial, and automotive lighting. The demand for energy-efficient lighting solutions is a significant driver of the LED market, spurred by increasing energy costs and environmental concerns. Technological advancements in LED technology, resulting in longer lifespans and better light quality, are propelling adoption across residential, commercial, and industrial sectors. Moreover, supportive government policies and regulations encouraging energy savings contribute to its increased adoption. However, factors such as high initial costs compared to conventional lighting options, technical challenges in terms of thermal management and color consistency over the lifespan of LED products, and the presence of hazardous materials in LEDs that impact environmental sustainability efforts pose significant challenges to its adoption. There are substantial opportunities in developing smart lighting systems integrated with IoT for automated and remote control, which could lead to expansion in smart home and smart city applications. The automotive industry presents opportunities for LEDs in car headlamps and interior lights, driven by the trend toward electric and autonomous vehicles. Additionally, the growing popularity of vertical farming and horticulture requires specialized LED lighting, opening new market segments.
Market Segmentation & Coverage:
This research report categorizes the Light Emitting Diodes Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across High Brightness LED, Organic LED, Polymer LED, Traditional LED, and Ultra violet LED. The Ultra violet LED is projected to witness significant market share during forecast period.
Based on Product Types, market is studied across High Power Product and Low Power Product. The High Power Product is projected to witness significant market share during forecast period.
Based on Installation Type, market is studied across New Installation and Retrofit. The Retrofit is projected to witness significant market share during forecast period.
Based on Applications, market is studied across Automotive, Backlight Sources, Display Screen, Forensic & Research, and General Lighting. The General Lighting is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Light Emitting Diodes Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Light Emitting Diodes Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Light Emitting Diodes Market, highlighting leading vendors and their innovative profiles. These include Eaton Corporation PLC, Emerson Electric Company, Everlight Electronics Co. Ltd, Koninklijke Philips N.V., LG Electronics, Inc., Lite-On, Nichia Corporation, Osram Licht AG, Samsung Electro-Mechanics, Seoul Semiconductor Co Ltd, and Toyoda Gosei Co., Ltd..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Light Emitting Diodes Market, by Technology
7. Light Emitting Diodes Market, by Product Types
8. Light Emitting Diodes Market, by Installation Type
9. Light Emitting Diodes Market, by Applications
10. Americas Light Emitting Diodes Market
11. Asia-Pacific Light Emitting Diodes Market
12. Europe, Middle East & Africa Light Emitting Diodes Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Light Emitting Diodes Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Light Emitting Diodes Market?
3. What is the competitive strategic window for opportunities in the Light Emitting Diodes Market?
4. What are the technology trends and regulatory frameworks in the Light Emitting Diodes Market?
5. What is the market share of the leading vendors in the Light Emitting Diodes Market?
6. What modes and strategic moves are considered suitable for entering the Light Emitting Diodes Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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