The global Light-emitting Diode (LED) Market was valued at USD 78.69 billion in 2022 and is projected to reach USD 192.68 billion by 2030, growing at a CAGR of 8.2% from 2022 to 2030.

Light-emitting Diode (LED) Market Overview

A light-emitting diode (LED) is a semiconductor light source that converts electrical energy directly into light energy. These devices are often used in lamps as a replacement for incandescent light sources. LED lighting is expected to be one of the most energy-efficient and fastest-growing lighting technologies in the global market. LED lights operate longer, are inherently more durable, and provide a better quality of light than traditional lighting technologies.

Contrive Datum Insights has recently published the Light-emitting Diode (LED) Market to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static and dynamic aspects of the global Light-emitting Diode (LED) market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Cree, GE Lighting, LG Innotek, NICHIA, OSRAM, Philips Lighting, Samsung Electronics, Dialight, Eaton, Emerson, Everlight Electronics, Seoul Semiconductor, Toyoda Gosei, and others.

What are the major Applications, Types, and Regions for the Light-emitting Diode (LED) Market?

On the Basis of Type:

• Ultraviolet LED
• Polymer LED
• Organic LED
• Basic LED
• High Brightness LED

On the Basis of Application:

• General lighting
• Backlighting
• Signals and signage
• Mobile Devices
• Automotive
• Others Applications

Light-emitting Diode (LED) Market Regional Insights:

Asia Pacific region is expected to witness the highest CAGR during the forecast period. In Latin America, nearly 80% of the total population lives in urban areas and this figure is expected to rise over the forecast period. Globally, urban dwellers are estimated to increase by 2 billion by the end of 2045. Therefore, in this scenario, countries' Energy must be used more efficiently and drive market growth. The growth of the LED lighting market in the region can be attributed to the decreasing LED manufacturing cost and increasing demand for energy-efficient and sustainable lighting. For example, Brazil, which exported LEDs in the past, has now established many manufacturing facilities to accelerate their adoption in commerce, industry, and the public sector of government. In addition, the Brazilian government issued a decree to replace incandescent bulbs with LED lighting products, which are used in various road lighting and tunnel lighting. Additionally, healthy economic growth, strong industrialization, and urbanization tend to be some of the macroeconomic factors for the market. In addition, rising awareness about the importance of energy efficiency coupled with local government mandates for higher standards for improved energy efficiency and continuous innovations in LED technology by leading manufacturers are significant factors driving the market growth in this region.

Buildings are among the world's largest consumers of electricity. However, it is estimated that 80% of the energy efficiency potential of buildings is not utilized. Rio de Janeiro, for example, consumes 60 percent more energy for public lighting than New York City.

Geographically, the global Light-emitting Diode (LED) market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Light-emitting Diode (LED) Market Report Scope:

Report Attributes	Details
Growth Rate	CAGR of 8.2% from 2022 to 2030.
By Type	Ultraviolet LED, Polymer LED, Organic LED, Basic LED, High Brightness LED
By Application	General lighting, Backlighting, Signals and signage, Mobile Devices, Automotive, Others Applications
By Companies	Cree, GE Lighting, LG Innotek, NICHIA, OSRAM, Philips Lighting, Samsung Electronics, Dialight, Eaton, Emerson, Everlight Electronics, Seoul Semiconductor, Toyoda Gosei
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

 

Frequently Asked Questions (FAQ) about the Light-emitting Diode (LED) market:

What is the CAGR of the global Light-emitting Diode (LED) market?

The Light-emitting Diode (LED) Market is growing at a CAGR of 8.2% during the forecast period.

Which region would offer high growth for vendors in the Light-emitting Diode (LED) market?

Asia Pacific region is expected to witness the highest CAGR during the forecast period.

Which Is the Most potential market segment?

By Types- Ultraviolet LED, Polymer LED, Organic LED, Basic LED, High Brightness LED

By Applications - General lighting, Backlighting, Signals and signage, Mobile Devices, Automotive, Others Applications

Which are the top industry players in the Light-emitting Diode (LED) market?

Cree, GE Lighting, LG Innotek, NICHIA, OSRAM, Philips Lighting, Samsung Electronics, Dialight, Eaton, Emerson, Everlight Electronics, Seoul Semiconductor, Toyoda Gosei

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