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High-Brightness LED Market Size

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High-Brightness LED Market is expected to grow on account of its increasing demand in various applications including lighting for automobiles and electronics.
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High-Brightness LED Market Size, Share, Trend, Analysis,
Industry Outlook and Forecast to 2024 | Hexa Research
“Global high-brightness (HB) LED market was valued
at USD 15.6 billion in 2016 and is expected to grow
on account of its increasing demand in various
applications including lighting for automobiles and
electronics.”
The global High-Brightness LED Market size to reach USD 27.28 billion by 2024 and is driven by the rise in the
consumer need for resource efficient and low energy lighting solutions. The market was dominated by North
America and Asia Pacific together accounting for 62% of the revenue share in 2016.
High-brightness LEDs are semiconductor-based devices which exhibit superior luminosity as compared to
traditional LEDs due to the higher current levels and power dissipation. Increasing trend of providing more
brightness to improve clarity is expected to augment the growth of the market over the projected period.
Increasing demand for HB LEDs in numerous application segments including automotive, television,
smartphones, general lighting, and signs owing to their lower energy consumption and superior brightness is
expected to drive the demand. Rising consumer awareness regarding the benefits of using HB LED such as
lower power consumption and superior brightness for residential as well as commercial applications are
expected to bolster growth.
Demand for these lighting solutions was highest in consumer electronics including laptops , TV backlight and
smartphones to provide superior luminescence even in dark lighting conditions. The segment accounted for
56.3% of the market share in 2016 and is expected to continue its dominant trend over the projected period.
Increasing consumption of HB LEDs in 4K TVs coupled with the growing sales of these products is anticipated
to drive the market over the next few years.
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Automotive is expected to exhibit the fastest growth over the forecast period at a 10.2% CAGR from 2017 to
2024. Although LEDs have penetrated the automotive market, HB LEDs are increasingly used as a safety
measure for visibility along with reducing the power consumption. Increasing production of automobiles is
expected to propel the sales of these lighting solutions over the next few years.
Keeping these driving factors in mind, companies are ramping up their production capacity as well as seeking
out new joint ventures to improve their distribution system. For instance, in March 2017, Samsung signed a
MoU with Elec-Tech International (H.K) Co, Ltd. to leverage the latter’s technology and market share in China.
On the other hand, ETi is likely to benefit from Samsung’s patent protection and brand strength.
As the demand for high-brightness LEDs has been growing, it has led companies to increase their fabs. The
LED manufacturing industry has roughly added 100 new fabs in the last five years increasing the tally to 169
fabs worldwide.
Hexa Research has segmented the global high-brightness LED market based on application and region:
Segmentation by application, 2014 - 2024 (USD Million)
• Consumer Electronic
• General Lighting
• Automotive
• Signals and Signage
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Rest of the World (RoW)
Key players analyzed:
• Lumileds Holding B.V.
• Epistar Corporation
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• Cree, Inc.
• MORITEX Corporation
• Samsung Electronics
• Seoul Semiconductor Company, Ltd.
• Osram Licht AG
• American Bright
• Nichias Corporation
• Toyoda Gosei Co., Ltd.
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Table of Content of High-Brightness LED Market
Chapter 1. Market Summary
1.1. Market trends & movement
Chapter 2. HB LED Market Trends: Drivers & Opportunities
2.1. Introduction
2.2. Key industry trends
2.3. Market drivers
2.4. Market restraints
2.5. Value chain analysis
2.6. Porter's Five Forces analysis
2.7. SWOT
Chapter 3. HB LED Market Trends, By Application
3.1. Global HB LED Market movement, by raw material, 2016 & 2024
3.1.1. Automotive
3.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Million)
3.1.2. General Lighting
3.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Million)
3.1.3. Consumer Electronics
3.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Million)
3.1.4. Signals and Signage
3.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Million)
Chapter 4. HB LED Market Trends, By Region
4.1. Global HB LED Market movement, by region, 2014 & 2024
4.1.1. North America
4.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.1.1.2. Market estimates and forecast, by application 2014 - 2024 (USD Million)
4.1.2. Europe
4.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Million)
4.1.2.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)
4.1.3. Asia Pacific
4.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Million)
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4.1.3.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)
4.1.4. Rest of the World (RoW)
4.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Million)
4.1.4.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)
Chapter 5. Key Country Markets
5.1. U.S.
5.1.1. Market estimates and forecast, 2014 - 2024 (USD Million)
5.1.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)
5.2. Germany
5.2.1. Market estimates and forecast, 2014 - 2024 (USD Million)
5.2.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)
5.3. UK
5.3.1. Market estimates and forecast, 2014 - 2024 (USD Million)
5.3.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)
5.4. China
5.4.1. Market estimates and forecast, 2014 - 2024 (USD Million)
5.4.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)
5.5. India
5.5.1. Market estimates and forecast, 2014 - 2024 (USD Million)
5.5.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)
Chapter 6. Competitive Landscape
6.1. Competitive landscape analysis, 2016
6.2. Strategic framework
6.3. Potential customer base concentration
6.4. Company market positioning
6.5. Company profiles
6.5.1. Lumileds Holding B.V.
6.5.1.1. Company Overview
6.5.1.2. Product Benchmarking
6.5.1.3. Financial Performance
6.5.1.4. Recent Initiatives
6.5.2. Epistar Corporation
6.5.2.1. Company Overview
6.5.2.2. Product Benchmarking
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6.5.2.3. Financial Performance
6.5.2.4. Recent Initiatives
6.5.3. Cree, Inc.
6.5.3.1. Company Overview
6.5.3.2. Product Benchmarking
6.5.3.3. Financial Performance
6.5.3.4. Recent Initiatives
6.5.4. MORITEX Corporation
6.5.4.1. Company Overview
6.5.4.2. Product Benchmarking
6.5.4.3. Financial Performance
6.5.4.4. Recent Initiatives
6.5.5. Samsung Electronics
6.5.5.1. Company Overview
6.5.5.2. Product Benchmarking
6.5.5.3. Financial Performance
6.5.5.4. Recent Initiatives
6.5.6. Seoul Semiconductor Company, Ltd.
6.5.6.1. Company Overview
6.5.6.2. Product Benchmarking
6.5.6.3. Financial Performance
6.5.6.4. Recent Initiatives
6.5.7. OSRAM Licht AG
6.5.7.1. Company Overview
6.5.7.2. Product Benchmarking
6.5.7.3. Financial Performance
6.5.7.4. Recent Initiatives
6.5.8. American Bright
6.5.8.1. Company Overview
6.5.8.2. Product Benchmarking
6.5.8.3. Financial Performance
6.5.8.4. Recent Initiatives
6.5.9. Nichias Corporation
6.5.9.1. Company Overview
6.5.9.2. Product Benchmarking
6.5.9.3. Financial Performance
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6.5.9.4. Recent Initiatives
6.5.10. Philips
6.5.10.1. Company Overview
6.5.10.2. Product Benchmarking
6.5.10.3. Financial Performance
6.5.10.4. Recent Initiatives
6.5.11. List of other vendors
Chapter 7. Methodology and Scope
7.1. Research methodology
7.2. Research Scope & Assumptions
7.3. List of data sources
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and consulting services to a host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth initiatives.
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sara01.james
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