What is the current market size and future outlook for the high brightness led market?
The high brightness led market size has grown strongly in recent years. It will grow from $23.59 billion in 2024 to $25.71 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to energy efficiency regulations, declining LED prices, environmental awareness, government incentives.
The high brightness led market size is expected to see strong growth in the next few years. It will grow to $35.84 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to urbanization trends, smart city initiatives, increased demand for automotive lighting, growing adoption of OLED technology, expansion of IoT applications. Major trends in the forecast period include advancements in horticulture lighting, rise of UV LED applications, integration of high brightness LEDs in wearables, increasing penetration in healthcare lighting.
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Which Market drivers have played a significant role in driving the high brightness led market?
The increasing demand for electronic devices is expected to propel the high-brightness LED market going forward. Electronic devices are components that control the flow of electrical currents for information processing and system control. The demand for electronic devices is increasing due to technological innovation, lifestyle changes, market expansion in emerging economies, and environmental awareness. Electronic devices leverage the superior performance, energy efficiency, and design flexibility of HB-LEDs, spurring their adoption in consumer electronics and fueling growth. For instance, in August 2022, according to the Pomodoro Timer, a Ukraine-based simple web-based timer platform, the revenue generated by technical electronics devices reached $14.21 billion in 2022 and is projected to experience a 17% increase by 2025. Therefore, the increasing demand for electronic devices is driving the growth of the high-brightness LED market.
What are the key segments within the high brightness led market?
The high brightness led market covered in this report is segmented –
1) By Type: 6V, 12V, 24V
2) By Technology: Mesa, Flip Chip, Vertical
3) By Distribution Channel: Offline, Online
4) By Application: Automotive Lighting, General Lighting, Backlighting, Mobile Device, Signals And Signage, Other Applications
5) By End-Use Sector: Commercial, Residential, Industrial, Other End-Users
Subsegments:
1) By 6V: Standard 6V LEDs, High Power 6V LEDs, RGB 6V LEDs
2) By 12V: Standard 12V LEDs, High Power 12V LEDs, RGB 12V LEDs
3) By 24V: Standard 24V LEDs, High Power 24V LEDs, RGB 24V LEDs
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Which key players are shaping the high brightness led market?
Major companies operating in the high brightness LED market are Samsung Electronics Co. Ltd., LG Electronics, General Electric Company, Broadcom, Eaton Technologies, Koninklijke Philips N.V., Toyoda Gosei Co. Ltd., Lite-On Technology Corporation, OSRAM Licht, Seoul Semiconductor Co. Ltd., Everlight Electronics Co. Ltd., Viewsonic Corporation, Cree LED, Lumileds Holding B.V., Moritex Corporation, Lumex, Plessey, Kingbright Company LLC., Genesis Photonics Inc., Intematix Corporation, Luckylight Electronics Co. Ltd., Epistar Corporation, Nichia Corporation, American Bright Optoelectronics Corporation, Syska
Which transformative trends will shape the high brightness led market landscape?
Major companies operating in the high-brightness LED market focus on developing innovative LED for large-format, high-resolution video screens to enhance visual performance, energy efficiency, and durability, meeting the growing demand for vibrant and reliable displays in applications such as digital signage, sports arenas, and outdoor advertising. These innovative LEDs are specifically engineered to deliver superior clarity and brightness, which is essential for large-format, high-resolution displays, often seen in outdoor billboards, stadiums, and digital signage. For instance, in February 2023, Cree LED, a US-based provider of LED solutions, launched three new surface mount diode (SMD) LEDs specifically designed for large-format, high-resolution video screen applications. These innovations aim to enhance image quality and reliability across various display environments, including stadiums, airports, command centers, and outdoor signage. All three products deliver superior brightness levels, ensuring vibrant colors and clear visibility even in challenging lighting conditions. The LEDs are designed to withstand harsh environmental factors, making them suitable for both indoor and outdoor applications.
How do regional factors impact the high brightness led market, and which region is the largest contributor?
Asia-Pacific was the largest region in the high brightness LED market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high brightness LED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The High Brightness LED Market Report 2025 Offer?
The high brightness led market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
High-brightness LED (Light Emitting Diode) refers to a type of LED that emit intense illumination while maintaining energy efficiency and longevity. They are commonly used in automotive lighting, signage, outdoor lighting, and display screens. These LEDs produce bright light through technological advancements, offering benefits such as lower energy consumption, longer lifespan, and faster response times compared to traditional lighting sources.
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High Brightness LED Market Report 2025
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