About LED Chip
An LED chip is a main component of LED light where one side (negative side) of the chip is connected to a stent while the other side (positive side) is connected to the positive terminal of the power. P-type and N-type semiconductors are the two parts of the LED chips. PN junction determine the wavelength of the light. Growing need for energy efficient lighting solution coupled with favorable government initiatives is driving the very market. Also, emergence of new technologies in LED and growing need for long term robust lighting solution will provide lot of opportunity for LED manufacturers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Chinese and United States Vendors will contribute the maximum growth to Global LED Chip market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nichia (Japan), Philips Lumileds (Netherlands), Cree (United States), Toyoda Gosei (Japan), OSRAM (Germany), Epistar (Taiwan), Tyntek (Taiwan), Genesis Photonics (Taiwan), Lextar (Taiwan), OPTO-TECH (Germany), Seoul Semiconductor (South Korea), Samsung (South Korea), LG Innotek (South Korea), PerkinElmer (United States), SemiLEDs (Taiwan), Seoul Semiconductor Co Ltd (South Korea), Showa Denko (Japan) and Hitachi Cable (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Aucksun (China), ETI (United States), Lattice Power (China), Tong Fang (China), HC SemiTek (China), San'an Opto (China), Changelight (China), Goldeneye INC. (United States) and DOWA Electronics Materials Co., Ltd (Japan).
Segmentation Overview
AMA Research has segmented the market of Global LED Chip market by Type (Lateral Chip, Vertical Chip and Flip Chip), Application (Automotive, Backlighting, Display Screen, Signage and Others) and Region.
On the basis of application, Backlighting segment is dominating the market in the year 2023On the basis of geography, the market of LED Chip has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product Color Type, the sub-segment i.e. Blue LED Chips will boost the LED Chip market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Usage Type, the sub-segment i.e. High-power LED Chip will boost the LED Chip market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Chip Size , the sub-segment i.e. 8 mil will boost the LED Chip market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development of Cost-effective Quantum Dot LED Lighting and Introduction of Special Materials Such as LED Filaments GaN-on-GaN Led or GaN IC by Manufacturers
Market Growth Drivers:
Growing Use of LED Chips in Backlighting Application and Ability to Provide Benefits Such as Reliability and Power Efficiency
Challenges:
Cost-effective New Light Bulb Technology and Problem of Heat Dissipation by Acting Light Emitting Chips
Restraints:
Advent of Organic Light-emitting Diode (OLED) and Short Illumination Range of LED Lights
Opportunities:
Government Favorable Initiatives to Promote Energy Efficient Lighting Solutions, Rise in Sales of Automobile Vehicles in Emerging Countries and Optimization of Existing Materials with New ones and Release of Mid-power LEDs or CPS (Chip Scale Package) LEDs
Market Leaders and their expansionary development strategies
In January 2024, Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has commercialized a chip-scale LED (Part No. NFSWL11A-D6) that achieves a horizontal light distribution.
Samsung Electronics announced on 9th March 2018 that it has obtained highest possible light efficiency for its fillet enhanced chip scale packaged LED products which include LH181B, LH231B and LM101B. “Since introducing CSP technology to the industry in 2014, we have put extensive effort into advancing the performance levels and design flexibility of every one of our CSP LEDs,” said Yoonjoon Choi, Vice President of the LED Business Team at Samsung Electronics.
Key Target Audience
LED Chip Manufacturers, Raw Materials Suppliers/Distributors, Component Suppliers/Distributors, System Integrator, Potential Technology Investors, Government Agencies, Research Institutes, Market Research and Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.