LED Light Engine Market Scope
LED light engine (LLE) is the combination of one or more LED modules together with LED driver or electronic control gear. Some LED light engines contain an integrated driver while some contain one or more LED modules together with a separate driver. It is a device between LED fixtures and LED luminaire. It combines electronic technology, optical acknowledge and thermal technology within their products. The use of LEDs as a light source becoming more popular. The LED light engine is a kind of standardized products and various manufacturers can choose suitable products according to their specific requests.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | LEDVANCE GmbH (Germany), Acuity Brands, Inc. (United States), Seoul Semiconductors (South Korea), TRILUX Lighting (Germany), LUMITECH (Austria), SDA Lighting (United States), AB Fagerhult (Sweden), Gerard Lighting (Australia), Helvar (Finland) and LEDRAbrands (United States) |
CAGR | % |
The LED Light engine market is highly competitive with numerous players striving to gain a similar market this companies focus on continues research and development.to introduce innovative products. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global LED Light Engine market throughout the predicted period.
LEDVANCE GmbH (Germany), Acuity Brands, Inc. (United States), Seoul Semiconductors (South Korea), TRILUX Lighting (Germany), LUMITECH (Austria), SDA Lighting (United States), AB Fagerhult (Sweden), Gerard Lighting (Australia), Helvar (Finland) and LEDRAbrands (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Halla, a.s. (Czech Republic), RS Components Pty Ltd. (Australia), Cree Inc. (United States), Thomas Research Products (United States) and Fusion Optix, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global LED Light Engine market by Type , by Application (Residential, Commercial, Industrial and Others) and Region with country level break-up.
On the basis of geography, the market of LED Light Engine 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June 2019, Acuity Brands, Inc. announced that it has acquired WhiteOptics, LLC, a New Castle, DE-based manufacturer of advanced optical components used to reflect, diffuse and control light for LED lighting used in commercial and institutional applications.
In January 2023, Nichia Corporation and Infineon Technologies AG announced the joint development of a high-definition (HD) light engine with more than 16,000 micro-LEDs for headlight applications. Now, both companies are launching industry’s first fully integrated micro-LED light engine for HD adaptive driving beam applications. The micro-LED matrix solution will be seen in a German premium vehicle in 2023.
Influencing Trend:
Advancements in the LED Light Technologies
Market Growth Drivers:
Improves Quality and Performance of LED Lights, Smaller Size and Higher Efficiency and Drop Research Cost and Reduce the Production Period
Challenges:
Lack of Normalized and Unified Standard Components
Restraints:
Development of Alternate Technologies
Opportunities:
Increasing Applications of LEDs in Various Industries and Growing Demand from Horticulture Market
Key Target Audience
LED Light Engine Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user