Global High Brightness LED Market Overview:
High-brightness LEDs (HB-LEDs) are semiconductor-based advanced LEDs. It provides more brightness and more clarity. Additionally, High-brightness LEDs are advance luminosity than traditional LEDs as they endure more current levels as well as power dissipation. High-brightness LEDs are available in various type to depend upon volts such as 6 volt, 12 volts, 24 volts, and others. Rising awareness about befits such as low power consumption will help to boost global high brightness LED market.
As per latest study released by AMA Research, the Global High Brightness LED market is expected to see growth rate of 11.65%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Up Surging Demand due to Laptops, TV back light and Smartphones and Rising Awareness about befits such as Low Power Consumption
Market Growth Drivers:
Increasing Demand of LED Due to Low Cost and Rising Popularization due to demand in General Lighting Industry
Challenges:
Extreme Use Responsible For Breakdown
Restraints:
High Cost
Opportunities:
Increasing Demand of Green Construction and Government Initiation Regarding Energy saving
Competitive Landscape:
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Some of the key players profiled in the report are American Bright Optoelectronics Corps (United States), Arena Luci Srl (Italy), Bridgelux, Inc. (United States), Cree Inc. (United States), Epistar Corporation (Taiwan), Ge Lighting (United States), LG Innotek (South Korea), Lumileds (Netherlands), Moritex Corporation (Japan) and Nichia Corporation (Japan). Additionally, following companies can also be profiled that are part of our coverage like Osram Licht Ag (Germany), Seoul Semiconductor Co., Ltd (South Korea), Tekcore (China), Toyoda Gosei Co., Ltd. (Japan) and Wavesquare (South Korea). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global High Brightness LED market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the High Brightness LED market.
Latest Market Insights:
In April 2023, ams Osram announced the merger of its Specialty Products division with Chinese LED manufacturer LEDvance, creating a new global leader in horticulture and general lighting solutions.
On 5, November 2023, Samsung Electronics launched its Z Flip 4 smartphone, featuring a brighter and more energy-efficient under-display camera enabled by high-density LEDs.
What Can be Explored with the High Brightness LED Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global High Brightness LED Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in High Brightness LED
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global High Brightness LED market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in High Brightness LED market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes High Brightness Led Manufactures, High Brightness Led Service Providers, High Brightness Led Materials and Accessories Providers, Government and Corporate Offices, Distributors and Traders, Research and Development Centers, Private and Government Research Agencies, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.