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Report Overview
The global high-power LED market is expected to grow at a CAGR of approximately 5.00% in the forecast period of 2025-2034, driven significantly by the rising adoption of high-power LED in the automotive lighting.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Europe and Asia Pacific to be the Significant Regional Markets for High-Power LED
With significant technological innovations taking place in it, Europe is expected to be one of the significant regional markets for high-power LED. The United Kingdom, Germany, and France are the key European countries contributing significantly to the market. The general and automotive lighting applications are offering numerous growth prospects to the market players in the region. The increasing adoption of energy-efficient lighting solutions, rising Hb-led light applications, rising research and development activities in the market, rising large-scale replacements of traditional luminaires, the continuous falling cost of the Led component and rising long life and continuous usage in Europe are further accelerating the market growth.
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USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
During the forecast period, Asia Pacific is expected to witness the highest growth rate owing to the growing adoption of high-power LED lights in general lighting applications, mainly in India and China. The growth of the high-power LED market in countries such as India, China, and Japan can be credited to the booming demand for eco-friendly and energy-saving lights in buildings, roads, and railways. Furthermore, several smart city development projects in various countries are in the works, which are expected to drive demand for high-power LED lights.
Market Segmentations
LED is the abbreviation for light-emitting diode, which is a semiconductor unit. When electricity flows in the forward direction, it emits light in different colours. High-power LEDs are a form of LED, which have higher power and brightness.
Market Breakup by Packaging Type
- Mesa
- Flip Chip
- Vertical
Market Breakup by Application
- Automotive
- General Lighting
- Backlighting
- Flash Lighting
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Increasing Application of High Brightness Augmenting the Market Growth
An increasing application of high brightness along with high power LED’s long life and continuous use, small size, lower power consumption, and low voltage, are the main factors driving the growth of the high-power LED market. The increasing adoption of energy-efficient lighting solutions, rising large-scale replacements of traditional luminaires, extensive adoption of innovative technologies, IoT, real-time monitoring of illumination, rising technological advancement in connected lighting, rising government initiatives towards green construction and high demand from the automotive industry are some of the major factors aiding the market growth. Also, rising research and development activities in the market, increasing modernisation in the products offered, and rising demand for smart lighting systems will further create new opportunities for the high-power LED market in the forecast period.
In addition, upcoming sports events are creating lucrative opportunities for the market players. High-power LED lighting systems with a better illumination quality are quintessential for sports events, such as basketball, cricket, hockey, lawn tennis, and football. LED floodlights ensure good vision, allowing athletes to play in good conditions and spectators to enjoy the game.
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Key Players in the Global Market for High-Power LED
The report gives a detailed analysis of the following key players in the global high-power LED market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cree Inc.
- Nichia Corporation
- Osram Opto Semiconductors GmbH
- Samsung Electronics
- Lumileds Holding B.V.
- Everlight Electronics Co.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.00% between 2025 and 2034.
The major drivers of the market include rising urbanisation, technological advances, and the increasing adoption of high-power LED in automotive lighting.
The increased demand for smartphones and growing preference for energy-efficient lighting solutions are key trends propelling the growth of the global high-power LED market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Mesa, flip chip, and vertical are the leading packaging types in the market.
The leading applications in the market are automotive, general lighting, backlighting, and flash lighting, among others.
The major players in the market are Cree Inc., Nichia Corporation., Osram Opto Semiconductors GmbH, Samsung Electronics Co. Ltd., Lumileds Holding B.V. and Everlight Electronics Co., among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Packaging Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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