About LED Chip and Module
Light Emitting Diodes chips and Module include applying a voltage to a semiconductor material so that the electrons are loosened from the surface of the material, these, in turn, start emitting particles of light energy known as ‘photons’ in order to luminance. These chips and modules help in converting electrical energy into lights hence providing better light experiences. These modules also possess superior longevity, and in many cases are brighter as well. The rising adaption of LED lighting technology is rapidly replacing the older incandescent and fluorescent forms of lighting, owing to its greater efficiency and longevity. Hence the growing consumer electronics segment is making a huge pace in this industry.
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 Global Vendors will contribute the maximum growth to Global LED Chip and Module 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.
Eaton (Dublin, Republic of Ireland), GE Lighting (United States), Cree, Inc (United States), Osram (Germany), Samsung (South Korea), LG Innotek (South Korea), Nichia (Japan), PHILIPS Lumileds (Netherlands), EPISTAR (Taiwan), Toyoda Gosei (Japan) and Seoul Semiconductor (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are HC SemiTek (China), Lextar (Taiwan), Lattice Power (China), Mouser (United States), SATCO (United States) and Semileds (Taiwan).
Segmentation Overview
AMA Research has segmented the market of Global LED Chip and Module market by Type (Lateral Chip, Vertical Chip and Flip Chip), Application (General Lighting, Automotive Lighting, Backlighting, Display Screen, Signage and Others) and Region.
On the basis of geography, the market of LED Chip and Module 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 Voltage, the sub-segment i.e. High Voltage LED Driver Module will boost the LED Chip and Module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users Industry, the sub-segment i.e. Automobiles will boost the LED Chip and Module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Remote Controlled LED Coupled With Integration of IoT
Market Growth Drivers:
Growing Market of Lighting Industry and Increasing Usage of Smart/Connected Lighting and LED Luminaires and Lamps in Different Sectors
Challenges:
Concern Related Towards the Temperature Sensitivity of these Chips and Module
Restraints:
High Cost Associated with these LED Chips and Module and Issue Related to the Malfunctioning of these LED’s
Opportunities:
Growing Demand for Energy-Efficient Lighting Solutions and Rising Demand for Smart Building with Smart Electricity Techniques
Market Leaders and their expansionary development strategies
In November 2023, ams OSRAM, a global leader in intelligent sensors and emitters,launchesd the next generation of its popular OSLON Submount PL family of LEDs, offering higher brightness and more design flexibility to manufacturers of automotive forward lighting modules and products. The third-generation OSLON Submount PL LEDs are around 9 % brighter than the second generation based on internal data. This gives automotive manufacturers the potential to reduce the system cost of new headlamp designs.
On October.15, 2019, Lumileds launched LUXEON CoB Core Range PW, a line of the chip onboard LEDs which are built for high impact retail, indoor area lighting, and other commercial lighting applications. The company provides a product features Lumileds’ proprietary SLA phosphor technology to achieve the highest efficacy in the industry at 138 lm/W and a color temperature of 4000K 90CRI.
Key Target Audience
LED Chip and Module Light Manufactures, LED Chip and Module Light Distributors, Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors 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.