PUBLISHER: QYResearch | PRODUCT CODE: 1862301
PUBLISHER: QYResearch | PRODUCT CODE: 1862301
The global market for LED Chips was estimated to be worth US$ 3402 million in 2024 and is forecast to a readjusted size of US$ 5312 million by 2031 with a CAGR of 6.5% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on LED Chips cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
In 2024, global LED Chips production reached approximately 8,724 billion units, with an average global market price of around 0.39 US$/k units. An LED chip is a solid-state semiconductor lighting device that directly converts electrical energy into light energy. Its core structure consists of a PN junction formed by combining P-type and N-type semiconductors. When a forward voltage is applied, carrier recombination occurs, leading to energy level transitions and the release of energy in the form of photons. This chip features high luminous efficiency, compact size, long lifespan, fast response, low driving voltage, and high color purity, making it a core component in semiconductor lighting and display technologies. The domestic LED chip market is dominated by leading enterprises such as Sanan Optoelectronics. Leveraging advantages in large-scale production, technological accumulation, and cost efficiency, these companies undertake mid-to-high-end chip foundry orders from international manufacturers, positioning China as a global core base for LED chip manufacturing.
The primary drivers of the LED chip market stem from the global urgent demand for energy efficiency and sustainable solutions. Government energy-saving policies and subsidies worldwide (such as phasing out incandescent bulbs and promoting green buildings) directly stimulate the adoption of LED lighting products, particularly in public infrastructure and commercial sectors. Meanwhile, technological advancements continue to reduce the manufacturing costs of LEDs while improving luminous efficacy (lm/W), making LEDs more economically advantageous compared to traditional light sources in the general lighting market. Furthermore, the expansion of emerging application scenarios constitutes another major driver: the explosive growth of the new energy vehicle industry boosts demand for automotive LEDs (headlights, interior lighting, displays); the development of smart homes and the Internet of Things (IoT) promotes the deployment of intelligent dimmable LED systems; and iterations in ultra-high-definition display technology (such as the application of Mini/Micro LEDs in TVs, AR/VR devices) also create new growth opportunities for high-end LED chips.
Market trends are primarily reflected in two directions: technological upgrades and the deepening of application scenarios. On the technological front, Mini/Micro LEDs have become a core focus of industry advancement, gradually penetrating high-end display and consumer electronics fields through smaller chip sizes, higher integration density, and superior display performance. At the same time, the maturation of compound semiconductor technology (e.g., GaN-on-Si) further optimizes the balance between cost and performance. In terms of applications, LED chips are transitioning from general lighting to high-value-added sectors: niche markets such as horticultural lighting, UV LEDs (for sterilization and curing), and automotive optics are experiencing significant growth; integration with smart systems continues to deepen, enabling health-conscious lighting solutions through spectral tuning and human-centric lighting technologies.
This report aims to provide a comprehensive presentation of the global market for LED Chips, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of LED Chips by region & country, by Type, and by Application.
The LED Chips market size, estimations, and forecasts are provided in terms of sales volume (Billion Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LED Chips.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of LED Chips manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of LED Chips in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of LED Chips in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.