High Power LED Market Dynamics and Analysis by 2031
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.
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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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 High Power LED Market - By Packaging Type
1.3.2 High Power LED Market - By Application
1.3.3 High Power LED Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HIGH POWER LED MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. HIGH POWER LED MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. HIGH POWER LED MARKET - GLOBAL MARKET ANALYSIS
6.1. HIGH POWER LED - GLOBAL MARKET OVERVIEW
6.2. HIGH POWER LED - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HIGH POWER LED MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING TYPE
7.1. OVERVIEW
7.2. PACKAGING TYPE MARKET FORECASTS AND ANALYSIS
7.3. MESA
7.3.1. Overview
7.3.2. Mesa Market Forecast and Analysis
7.4. FLIP CHIP
7.4.1. Overview
7.4.2. Flip Chip Market Forecast and Analysis
7.5. VERTICAL
7.5.1. Overview
7.5.2. Vertical Market Forecast and Analysis
8. HIGH POWER LED MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. BACK-LIGHTING
8.4.1. Overview
8.4.2. Back-lighting Market Forecast and Analysis
8.5. MOBILE DEVICE
8.5.1. Overview
8.5.2. Mobile Device Market Forecast and Analysis
8.6. GENERAL LIGHTING
8.6.1. Overview
8.6.2. General Lighting Market Forecast and Analysis
8.7. SIGNALS AND SIGNAGE
8.7.1. Overview
8.7.2. Signals and Signage Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. HIGH POWER LED MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America High Power LED Market Overview
9.1.2 North America High Power LED Market Forecasts and Analysis
9.1.3 North America High Power LED Market Forecasts and Analysis - By Packaging Type
9.1.4 North America High Power LED Market Forecasts and Analysis - By Application
9.1.5 North America High Power LED Market Forecasts and Analysis - By Countries
9.1.5.1 United States High Power LED Market
9.1.5.1.1 United States High Power LED Market by Packaging Type
9.1.5.1.2 United States High Power LED Market by Application
9.1.5.2 Canada High Power LED Market
9.1.5.2.1 Canada High Power LED Market by Packaging Type
9.1.5.2.2 Canada High Power LED Market by Application
9.1.5.3 Mexico High Power LED Market
9.1.5.3.1 Mexico High Power LED Market by Packaging Type
9.1.5.3.2 Mexico High Power LED Market by Application
9.2. EUROPE
9.2.1 Europe High Power LED Market Overview
9.2.2 Europe High Power LED Market Forecasts and Analysis
9.2.3 Europe High Power LED Market Forecasts and Analysis - By Packaging Type
9.2.4 Europe High Power LED Market Forecasts and Analysis - By Application
9.2.5 Europe High Power LED Market Forecasts and Analysis - By Countries
9.2.5.1 Germany High Power LED Market
9.2.5.1.1 Germany High Power LED Market by Packaging Type
9.2.5.1.2 Germany High Power LED Market by Application
9.2.5.2 France High Power LED Market
9.2.5.2.1 France High Power LED Market by Packaging Type
9.2.5.2.2 France High Power LED Market by Application
9.2.5.3 Italy High Power LED Market
9.2.5.3.1 Italy High Power LED Market by Packaging Type
9.2.5.3.2 Italy High Power LED Market by Application
9.2.5.4 United Kingdom High Power LED Market
9.2.5.4.1 United Kingdom High Power LED Market by Packaging Type
9.2.5.4.2 United Kingdom High Power LED Market by Application
9.2.5.5 Russia High Power LED Market
9.2.5.5.1 Russia High Power LED Market by Packaging Type
9.2.5.5.2 Russia High Power LED Market by Application
9.2.5.6 Rest of Europe High Power LED Market
9.2.5.6.1 Rest of Europe High Power LED Market by Packaging Type
9.2.5.6.2 Rest of Europe High Power LED Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific High Power LED Market Overview
9.3.2 Asia-Pacific High Power LED Market Forecasts and Analysis
9.3.3 Asia-Pacific High Power LED Market Forecasts and Analysis - By Packaging Type
9.3.4 Asia-Pacific High Power LED Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific High Power LED Market Forecasts and Analysis - By Countries
9.3.5.1 Australia High Power LED Market
9.3.5.1.1 Australia High Power LED Market by Packaging Type
9.3.5.1.2 Australia High Power LED Market by Application
9.3.5.2 China High Power LED Market
9.3.5.2.1 China High Power LED Market by Packaging Type
9.3.5.2.2 China High Power LED Market by Application
9.3.5.3 India High Power LED Market
9.3.5.3.1 India High Power LED Market by Packaging Type
9.3.5.3.2 India High Power LED Market by Application
9.3.5.4 Japan High Power LED Market
9.3.5.4.1 Japan High Power LED Market by Packaging Type
9.3.5.4.2 Japan High Power LED Market by Application
9.3.5.5 South Korea High Power LED Market
9.3.5.5.1 South Korea High Power LED Market by Packaging Type
9.3.5.5.2 South Korea High Power LED Market by Application
9.3.5.6 Rest of Asia-Pacific High Power LED Market
9.3.5.6.1 Rest of Asia-Pacific High Power LED Market by Packaging Type
9.3.5.6.2 Rest of Asia-Pacific High Power LED Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa High Power LED Market Overview
9.4.2 Middle East and Africa High Power LED Market Forecasts and Analysis
9.4.3 Middle East and Africa High Power LED Market Forecasts and Analysis - By Packaging Type
9.4.4 Middle East and Africa High Power LED Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa High Power LED Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa High Power LED Market
9.4.5.1.1 South Africa High Power LED Market by Packaging Type
9.4.5.1.2 South Africa High Power LED Market by Application
9.4.5.2 Saudi Arabia High Power LED Market
9.4.5.2.1 Saudi Arabia High Power LED Market by Packaging Type
9.4.5.2.2 Saudi Arabia High Power LED Market by Application
9.4.5.3 U.A.E High Power LED Market
9.4.5.3.1 U.A.E High Power LED Market by Packaging Type
9.4.5.3.2 U.A.E High Power LED Market by Application
9.4.5.4 Rest of Middle East and Africa High Power LED Market
9.4.5.4.1 Rest of Middle East and Africa High Power LED Market by Packaging Type
9.4.5.4.2 Rest of Middle East and Africa High Power LED Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America High Power LED Market Overview
9.5.2 South and Central America High Power LED Market Forecasts and Analysis
9.5.3 South and Central America High Power LED Market Forecasts and Analysis - By Packaging Type
9.5.4 South and Central America High Power LED Market Forecasts and Analysis - By Application
9.5.5 South and Central America High Power LED Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil High Power LED Market
9.5.5.1.1 Brazil High Power LED Market by Packaging Type
9.5.5.1.2 Brazil High Power LED Market by Application
9.5.5.2 Argentina High Power LED Market
9.5.5.2.1 Argentina High Power LED Market by Packaging Type
9.5.5.2.2 Argentina High Power LED Market by Application
9.5.5.3 Rest of South and Central America High Power LED Market
9.5.5.3.1 Rest of South and Central America High Power LED Market by Packaging Type
9.5.5.3.2 Rest of South and Central America High Power LED Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HIGH POWER LED MARKET, KEY COMPANY PROFILES
11.1. CREE, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EPISTAR CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. LG INNOTEK
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LUMILEDS HOLDING B.V.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NICHIA CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SAMSUNG ELECTRONICS CO. LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SEOUL SEMICONDUCTOR CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SIEMENS AG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SIGNIFY HOLDING
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOYODA GOSEI CO., LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Cree, Inc.2.EPISTAR Corporation3.LG Innotek4.Lumileds Holding B.V.5.Nichia Corporation6.Samsung Electronics Co. Ltd.7.Seoul Semiconductor Co., Ltd.8.Siemens AG9.Signify Holding10.Toyoda Gosei Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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