PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1698412
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1698412
The global semiconductor lamp market is expected to grow at a compound annual growth rate of 5.45% over the forecast period, reaching US$24,696.286 million in 2030 from US$18,939.143 million in 2025.
High-efficiency light sources like semiconductor lamps can use up to 80% less electricity than incandescent bulbs. They are also regarded as environmentally benign because they don't contain mercury or any other dangerous gases, heat radiation, or UV rays. The processing of microchips in the semiconductor industry requires lighting. These specialized bulbs are utilized when crucial instruments need to be heated or exposed using particular wavelengths.
Factors such as rapid population growth, increasing disposable incomes, and urbanization are driving the consumption of consumer electronics. Integrated Circuit (IC) chips are essential for the efficient operation of devices like mobile phones, TVs, and refrigerators, further boosting market demand.
Asia-Pacific is expected to dominate the semiconductor lamp market, with the fastest growth rate globally. The region's increasing adoption of high-end technology-based devices and rising consumption of electronic solutions are contributing to lower prices for electronics.
In Europe, legislative regulations banning the sale of inefficient lighting technologies have significantly driven the demand for LED products. These regulations have encouraged consumers to transition from traditional lighting to LED-based solutions.
In North America, LEDs are widely used in automotive, general lighting, mobile devices, signaling, and signage. Applications in forensics, healthcare, and public lighting have further increased their demand. Additionally, the region's LED industry has grown due to manufacturers' aggressive marketing efforts through various channels, including newspapers and television.
Some of the major players covered in this report include Vishay Intertechnology, Inc., ROHM Semiconductor Co., Ltd., Toshiba Corporation, Lumileds Holding B.V., CML Technologies, Panasonic Corporation, OSRAM GmbH, among others.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence