About High Power Light Emitting Diode
A high power light-emitting diode is referred to as a high power LED. The high power LEDs is the type of LED that has higher power and brightness as compared to small power LEDs. The regular LED rating current is 20mA and basically, an LED with a rating current higher than 20mA is called the high power LED. It can be available in various packaging techniques. These LEDs are energy-efficient building block generating sufficient lumen outputs ideal for popular lighting applications. There are several benefits of these LEDs over the standard LEDs which offer a high brightness level, longer life span than CFLs and environment-friendly. It can be increasingly used in many lighting applications from house, office and room lighting to automotive lighting.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The major key players are Samsung (South Korea), Broadcom Inc. (United States), Cree Inc. (United States), Marubeni America Corporation (United States), Nichia Corporation (Japan), Thorlabs (United States), Everlight Electronics (Taiwan) are focusing on new product launching Such as packaging technologies. Samsung LED utilizes ceramic, CSP and EMC technology to boost the performance of global high power LEDs market. The market is fragmented due to the small and large dealers and suppliers who compete in terms of price and quality of LEDs. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States, Taiwan, and Chinese Manufacturers will contribute the maximum growth to Global High Power Light Emitting Diode market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Samsung (South Korea), Broadcom Inc. (United States), Cree Inc. (United States), Marubeni America Corporation (United States), Nichia Corporation (Japan), Thorlabs (United States), Everlight Eelectronics (Taiwan), Seoul Semiconductor Co Ltd (South Korea), Crescent LED (United Kingdom), Lite-On Technology Corporation (Taiwan), Stanley Electric (Japan), LG Innotek (South Korea), Infineon Technologies (Germany), Mitel Semiconductor (Canada) and Epistar (Taiwan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Taurus Opto Semiconductors Llp (India), Effilux (France), Edison Opto (Taiwan), San’an Optoelectronics (China), MLS CO LTD (China) and Vollong Electronics Co., Limited (China).
Segmentation Overview
AMA Research has segmented the market of Global High Power Light Emitting Diode market by , Application (Circadian Lighting, Horticulture Lighting, Tunnel Lighting, Street Light and Mining Lamp Light) and Region.
On the basis of geography, the market of High Power Light Emitting Diode 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 Power, the sub-segment i.e. 0.25W will boost the High Power Light Emitting Diode market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Colour Type, the sub-segment i.e. White LED will boost the High Power Light Emitting Diode market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Technology, the sub-segment i.e. Reel will boost the High Power Light Emitting Diode market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Trend of High Power LEDs Due to the Longer Life Span, Energy-Efficient and Increases Reliability, Growing Popularity of Environment-Friendly High Power LEDs and High Power LEDs are Majorly Used in Street Lighting
Market Growth Drivers:
Rising Demand of High Power Light Emitting Diodes in Automotive Interior and Exterior Applications Such as Fog Light, Headlights, Increasing Use of High Power LEDs in Televisions, Digital Cameras, Mobile Flash Light and Others and Growing Demand of Smartphones, Computer will drive the High Power LEDs Market
Challenges:
High Power Light Emitting Diodes are Temperature Sensitive, At High-Temperature LED Module Maybe Burn
Restraints:
Availability of Substitute Products Such as Mid-Power LEDs and Standard LEDs and High Initial Cost of High Power Light Emitting Diodes
Opportunities:
Increasingly Used in Home Décor Activities will boost the High Power LEDs Market and Increasing Adoption of LED Bulbs
Market Leaders and their expansionary development strategies
In February 2023, Nichia and Infineon announced the launch of the first fully integrated micro-LED light engine for HD adaptive driving beams, signifying collaboration in the growing automotive LED market
In December 2022, Bridgelux responded to a patent lawsuit from Nichia, highlighting their ongoing efforts in LED development
Key Target Audience
High Power LED Manufacturer, High Power LED Supplier/ Distributors, Raw Material Suppliers, Research Organizations, End Users 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.