High Power LED Market Key Players Analysis and Growth Forecast by 2031

MARKET INTRODUCTION

The high power LEDs are LEDs with higher brightness index than conventional LEDs owing to higher current levels and power dissipation. These LEDs are used in mobile phones, general lighting, signal lighting, and applications requiring high luminosity. Rising environmental concerns are discouraging the fluorescent light market and are providing positive outlooks for the high power LED industry. Government initiatives towards green construction and high demand from automotive industry further present a favorable landscape for the manufacturers and key market players.

MARKET DYNAMICS

The high power LED market is anticipated to grow in the forecast period on account of wide-scale replacement of traditional lightings with LED due to their low voltage, less power consumption, and higher logevity. Moreover, the falling costs of LED components and increasing application areas are further likely to augment market growth. However, the high power LED market is negatively influenced by the high initial cost of the product. On the other hand, government initiatives towards green construction and energy conservation are expected to showcase growth opportunities for the key players operating in the high power LED market.

MARKET SCOPE

The "Global High Power LED Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of high power LED market with detailed market segmentation by packaging type, application, and geography. The global high power LED market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading high power LED market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global high power LED market is segmented on the basis of packaging type and application. Based on packaging type, the market is segmented as mesa, flip chip, and vertical. On the basis of the application, the market is segmented as automotive, backlighting, mobile device, general lighting, signals & signage, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global high power LED market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The high power LED market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting high power LED market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the high power LED market in these regions.

MARKET PLAYERS

The reports cover key developments in the high power LED market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from high power LED market are anticipated to lucrative growth opportunities in the future with the rising demand for high power LED in the global market. Below mentioned is the list of few companies engaged in the high power LED market.

The report also includes the profiles of key high power LED companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

•  Cree, Inc.
•  EPISTAR Corporation
•  LG Innotek
•  Lumileds Holding B.V.
•  Nichia Corporation
•  Samsung Electronics Co. Ltd.
•  Seoul Semiconductor Co., Ltd.
•  Siemens AG
•  Signify Holding
•  Toyoda Gosei Co., Ltd.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

High Power LED Report Scope