PUBLISHER: IMARC | PRODUCT CODE: 1423346
PUBLISHER: IMARC | PRODUCT CODE: 1423346
LED Chip Market Report by Product, Application, and Region 2024-2032
Abstract
The global LED chip market size reached US$ 28.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 75.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.3% during 2024-2032.
LED stands for light emitting diode, which is a two-lead semiconductor light source. These are used in a wide range of applications that vary from backlighting in electronic products such as LCD TVs, laptops, and phones, as well as in street lighting and automotive lighting, and general illumination. This can be attributed to the better picture quality offered by LEDs due to their higher degree of power efficiency and brightness. The LED chip, also known as the die, represents the most essential and cost-intensive component of the LED. It is a critical factor in determining the light quality. The chips have different ratings for brightness, wavelength and voltage. After installing the LED chip and passing current through an electrical source, a particular color of light is emitted, which is determined by the dominant wavelength.
These lights are more energy-efficient in terms of power consumption and provide high luminous intensity. They use electroluminescence to produce light without generating heat and convert electricity into energy with minimum wastage. Furthermore, these products have a longer lifespan as compared to incandescent bulbs, which further drives their demand. However, with technological innovations and research and development, the cost of manufacturing LEDs per kilolumen has decreased. This has significantly reduced the average selling price (ASP) of LEDs, making them a preferred choice among consumers. Moreover, incentives provided by governments across the globe to promote the usage of energy-efficient lighting is also elevating the demand for LED products.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global LED chip market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product and application.
Breakup by Product:
Blue LED Chips
Red LED Chips
Green LED Chips
Infrared LED Chips
Yellow LED Chips
White LED Chips
Others
Breakup by Application:
Backlighting
Illumination
Automotive
Signs and Signal
Others
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
AVA Technologies, Inc.
Bright LED Electronics Corporation
Cree, Inc.
Bridgelux, Inc.
Hitachi Cable, Ltd.
Huga Optech, Inc.
Dowa Electronics Materials Co., Ltd.
Epistar Corporation
Nichia Corporation
Formosa Epitaxy, Inc.
Goldeneye, Inc.
Kingbright Electronic Co. Ltd.
Optek Technology (TT Electronic PLC)
OSA Opto Light GmbH
Osram Opto Semiconductors GmbH
Key Questions Answered in This Report
- 1. What was the size of the global LED chip market in 2023?
- 2. What is the expected growth rate of the global LED chip market during 2024-2032?
- 3. What are the key factors driving the global LED chip market?
- 4. What has been the impact of COVID-19 on the global LED chip market?
- 5. What is the breakup of the global LED chip market based on the product?
- 6. What is the breakup of the global LED chip market based on the application?
- 7. What are the key regions in the global LED chip market?
- 8. Who are the key players/companies in the global LED chip market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global LED Chip Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product
- 5.5 Market Breakup by Application
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
6 Market Breakup by Product
- 6.1 Blue LED Chips
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Red LED Chips
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Green LED Chips
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Infrared LED Chips
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Yellow LED Chips
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 White LED Chips
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by Application
- 7.1 Backlighting
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Illumination
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Automotive
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Signs and Signal
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Region
- 8.1 Asia Pacific
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Europe
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 North America
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Middle East and Africa
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Latin America
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Global LED Chip Industry: SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Global LED Chip Industry: Value Chain Analysis
- 10.1 Overview
- 10.2 Research and Development
- 10.3 Raw Material Procurement
- 10.4 Manufacturing
- 10.5 Marketing
- 10.6 Distribution
- 10.7 End-Use
11 Global LED Chip Industry: Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Global LED Chip Industry: Price Analysis
- 12.1 Price Indicators
- 12.2 Price Structure
- 12.3 Margin Analysis
13 LED Chip Manufacturing Process
- 13.1 Product Overview
- 13.2 Raw Material Requirements
- 13.3 Manufacturing Process
- 13.4 Key Success and Risk Factors
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AVA Technologies Inc.
- 14.3.2 Bright LED Electronics Corporation
- 14.3.3 Cree, Inc.
- 14.3.4 Bridgelux, Inc.
- 14.3.5 Hitachi Cable, Ltd.
- 14.3.6 Huga Optech, Inc.
- 14.3.7 Dowa Electronics Materials Co., Ltd.
- 14.3.8 Epistar Corporation
- 14.3.9 Nichia Corporation
- 14.3.10 Formosa Epitaxy, Inc.
- 14.3.11 Goldeneye, Inc.
- 14.3.12 Kingbright Electronic Co. Ltd.
- 14.3.13 Optek Technology (TT Electronic PLC)
- 14.3.14 OSA Opto Light GmbH
- 14.3.15 Osram Opto Semiconductors GmbH
List of Figures
- Figure 1: Global: LED Chip Market: Major Drivers and Challenges
- Figure 2: Global: LED Chip Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: LED Chip Market: Breakup by Product (in %), 2023
- Figure 4: Global: LED Chip Market: Breakup by Application (in %), 2023
- Figure 5: Global: LED Chip Market: Breakup by Region (in %), 2023
- Figure 6: Global: LED Chip Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 7: Global: LED Chip Industry: SWOT Analysis
- Figure 8: Global: LED Chip Industry: Value Chain Analysis
- Figure 9: Global: LED Chip Industry: Porter's Five Forces Analysis
- Figure 10: Global: LED Chip (Blue LED Chips) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: LED Chip (Blue LED Chips) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: LED Chip (Red LED Chips) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: LED Chip (Red LED Chips) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: LED Chip (Green LED Chips) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: LED Chip (Green LED Chips) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: LED Chip (Infrared LED Chips) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: LED Chip (Infrared LED Chips) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: LED Chip (Yellow LED Chips) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: LED Chip (Yellow LED Chips) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: LED Chip (White LED Chips) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: LED Chip (White LED Chips) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: LED Chip (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: LED Chip (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: LED Chip (Backlighting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: LED Chip (Backlighting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: LED Chip (Illumination) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: LED Chip (Illumination) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: LED Chip (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: LED Chip (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: LED Chip (Signs and Signal) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: LED Chip (Signs and Signal) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: LED Chip (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: LED Chip (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Asia Pacific: LED Chip Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Asia Pacific: LED Chip Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Europe: LED Chip Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Europe: LED Chip Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: North America: LED Chip Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: North America: LED Chip Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Middle East and Africa: LED Chip Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Middle East and Africa: LED Chip Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Latin America: LED Chip Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Latin America: LED Chip Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: LED Chip Manufacturing: Process Flow
List of Tables
- Table 1: Global: LED Chip Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: LED Chip Market Forecast: Breakup by Product (in Million US$), 2024-2032
- Table 3: Global: LED Chip Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: LED Chip Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: LED Chip: Raw Material Requirements
- Table 6: Global: LED Chip Market Structure
- Table 7: Global: LED Chip Market: Key Players
