High Power LED Market

Industry Overview

The market for high power light-emitting diodes (LEDs) is expected to witness substantial growth in the coming years, with a projected value of USD 2.9 billion by 2030. Over the forecast period, it is anticipated to achieve a compound annual growth rate (CAGR) of 6.4%. This growth can be attributed to the rising demand for energy-efficient lighting options and the strong backing from governments worldwide to promote the adoption of LED lights. These factors collectively drive the expansion of the Global High Power LED Market.

Market Segmentation

Insight by Wattage

On the basis of wattage, the high power LED market is classified into 1–2.9 W, 3–4.9 W, 5–10 W, and >10 W, wherein 3–4.9 W category held largest revenue share in the market in 2018. The growth of this segment is attributed towards huge adoption of high power LED lights in automotive, in general, and sign and signal lighting applications.

Insight by Application

On the basis of application, the high power LED market is categorized into automotive, general lighting, backlighting, signs & signals, and others, wherein general lighting category held largest share in the market in 2018. The growth of this segment is attributed towards the fact that increase in sales of downlight, spotlight, area light, tunnel light, and industrial light.

Global High Power LED Market Report Coverage

Industry Dynamics

Growth Drivers

The growth of the global high power LED market can be attributed to various crucial factors. Primarily, there is a significant surge in the adoption of energy-efficient lighting solutions worldwide. Additionally, the growing awareness regarding energy conservation has also played a pivotal role. Moreover, there is a rising demand for high power LEDs in automotive applications. These factors collectively drive the expansion of the global high power LED market.

Restraints

High initial cost is hindering the growth of the high power LED market, globally.

Geography Insight

Geographically, Asia-Pacific has accounted for the largest share in high power LED market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the rising demand for energy-saving and eco-friendly lighting products in application areas, such as railways, roads, and buildings.

Competitive Insight

Some of the key players operating in the global high power LED market are Samsung Electronics Co. Ltd., Cree Inc., Seoul Semiconductor Co. Ltd., LG Innotek Co. Ltd., Broadcom Inc., Epistar Corporation, Everlight Electronics Co. Ltd., and MLS Co. Ltd.

Forecast Parameters

- Identifying variables and establishing market impact.

- Establishing market trends regionally.

- Analyzing opportunities and market penetration rates by understanding product commercialization, regional expansion.

- Analyzing demand and supply trends and changes in industry dynamics to establish future growth.

- Analyzing sustainability strategies adhered by market participants in an attempt to determine the future course of the market.

- Analyzing historical market trends and super-imposing them on the current and future variables to determine the year-on-year trend.

- Understanding adoption, production, export, import, and regulatory framework.

Data Validation

- Estimated and forecasted data was validated through industry experts.

- Apart from industry experts, data triangulation methods were used for validation.

- The bottom-up and top-down approach has been used for estimation and forecast of market data, whereas the top-down approach was used for validation.

- Demand, as well as supply-side surveys, were conducted in order to understand the industry dynamics and data validation.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry include CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end-user surveys comprising of consumers are also conducted to understand consumer behavior.

The High Power LED Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Wattage
  • 1–2.9 W
  • 3–4.9 W
  • 5–10 W
  • >10 W
• By Application 
  • General Lighting
  • Automotive
  • Signs & Signals
  • Backlighting
  • Others

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Wattage
                1.2.2.    By Application
                1.2.3.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Size Estimations and Forecast
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Market Definition

        3.1.    By Wattage
                3.1.1.    1–2.9 W
                3.1.2.    3–4.9 W
                3.1.3.    5–10 W
                3.1.4.    >10 W
        3.2.    By Application
                3.2.1.    General Lighting
                3.2.2.    Automotive
                3.2.3.    Signs & Signals
                3.2.4.    Backlighting
                3.2.5.    Others

4.    Industry Overview

        4.1.    Industry Dynamics
                4.1.1.    Market Growth Drivers
                4.1.2.    Market Growth Restraints
                4.1.3.    Key Market Trends
                4.1.4.    Major Opportunities
        4.2.    Industry Ecosystem
                4.2.1.    Porter’s Five Forces Analysis
                4.2.2.    Recent Development Analysis
                4.2.3.    Value Chain Analysis
        4.3.    Competitive Insight
                4.3.1.    Competitive Position of Industry Players
                4.3.2.    Market Attractive Analysis
                4.3.3.    Market Share Analysis

5.    Global Market Estimate and Forecast 2030

        5.1.    By Wattage
        5.2.    By Application
        5.3.    By Region

6.    North America Market Estimate and Forecast 2030

        6.1.    By Wattage
        6.2.    By Application
        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast 2030

        7.1.    By Wattage
        7.2.    By Application
        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast 2030

        8.1.    By Wattage
        8.2.    By Application
        8.3.    By Country 
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Australia Market Estimate and Forecast
                8.3.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast 2030

        9.1.    By Wattage
        9.2.    By Application
        9.3.    By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    U.A.E. Market Estimate and Forecast
                9.3.3.    Saudi Arabia Market Estimate and Forecast
                9.3.4.    South Africa Market Estimate and Forecast
                9.3.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Samsung Electronics Co. Ltd.
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Cree Inc.
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Seoul Semiconductor Co. Ltd.
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    LG Innotek Co. Ltd.
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Broadcom Inc.
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Epistar Corporation
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Everlight Electronics Co. Ltd.
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    MLS Co. Ltd.
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1  Sources
Table 2  Study Periods
Table 3  Data Reporting Unit
Table 4  Global High Power LED Market Size, by Wattage, 2018 - 2023 (Billion Units)
Table 5  Global High Power LED Market Size, by Wattage, 2025 - 2030 (Billion Units)
Table 6  Global High Power LED Market Size, by Wattage, 2018 - 2023 (USD Billion)
Table 7  Global High Power LED Market Size, by Wattage, 2025 - 2030 (USD Billion)
Table 8  Global High Power LED Market Size, by Application, 2018 - 2023 (Billion Units)
Table 9  Global High Power LED Market Size, by Application, 2025 - 2030 (Billion Units)
Table 10  Global High Power LED Market Size, by Application, 2018 - 2023 (USD Billion)
Table 11  Global High Power LED Market Size, by Application, 2025 - 2030 (USD Billion)
Table 12  Global High Power LED Market Size, by Region, 2018 - 2023 (Billion Units)
Table 13  Global High Power LED Market Size, by Region, 2025 - 2030 (Billion Units)
Table 14  Global High Power LED Market Size, by Region, 2018 - 2023 (USD Billion)
Table 15  Global High Power LED Market Size, by Region, 2025 - 2030 (USD Billion)
Table 16  North America High Power LED Market Size, by Wattage, 2018 - 2023 (Billion Units)
Table 17  North America High Power LED Market Size, by Wattage, 2025 - 2030 (Billion Units)
Table 18  North America High Power LED Market Size, by Wattage, 2018 - 2023 (USD Billion)
Table 19  North America High Power LED Market Size, by Wattage, 2025 - 2030 (USD Billion)
Table 20  North America High Power LED Market Size, by Application, 2018 - 2023 (Billion Units)
Table 21  North America High Power LED Market Size, by Application, 2025 - 2030 (Billion Units)
Table 22  North America High Power LED Market Size, by Application, 2018 - 2023 (USD Billion)
Table 23  North America High Power LED Market Size, by Application, 2025 - 2030 (USD Billion)
Table 24  North America High Power LED Market Size, by Country, 2018 - 2023 (Billion Units)
Table 25  North America High Power LED Market Size, by Country, 2025 - 2030 (Billion Units)
Table 26  North America High Power LED Market Size, by Country, 2018 - 2023 (USD Billion)
Table 27  North America High Power LED Market Size, by Country, 2025 - 2030 (USD Billion)
Table 28  Europe High Power LED Market Size, by Wattage, 2018 - 2023 (Billion Units)
Table 29  Europe High Power LED Market Size, by Wattage, 2025 - 2030 (Billion Units)
Table 30  Europe High Power LED Market Size, by Wattage, 2018 - 2023 (USD Billion)
Table 31  Europe High Power LED Market Size, by Wattage, 2025 - 2030 (USD Billion)
Table 32  Europe High Power LED Market Size, by Application, 2018 - 2023 (Billion Units)
Table 33  Europe High Power LED Market Size, by Application, 2025 - 2030 (Billion Units)
Table 34  Europe High Power LED Market Size, by Application, 2018 - 2023 (USD Billion)
Table 35  Europe High Power LED Market Size, by Application, 2025 - 2030 (USD Billion)
Table 36  Europe High Power LED Market Size, by Country, 2018 - 2023 (Billion Units)
Table 37  Europe High Power LED Market Size, by Country, 2025 - 2030 (Billion Units)
Table 38  Europe High Power LED Market Size, by Country, 2018 - 2023 (USD Billion)
Table 39  Europe High Power LED Market Size, by Country, 2025 - 2030 (USD Billion)
Table 40  Asia-Pacific High Power LED Market Size, by Wattage, 2018 - 2023 (Billion Units)
Table 41  Asia-Pacific High Power LED Market Size, by Wattage, 2025 - 2030 (Billion Units)
Table 42  Asia-Pacific High Power LED Market Size, by Wattage, 2018 - 2023 (USD Billion)
Table 43  Asia-Pacific High Power LED Market Size, by Wattage, 2025 - 2030 (USD Billion)
Table 44  Asia-Pacific High Power LED Market Size, by Application, 2018 - 2023 (Billion Units)
Table 45  Asia-Pacific High Power LED Market Size, by Application, 2025 - 2030 (Billion Units)
Table 46  Asia-Pacific High Power LED Market Size, by Application, 2018 - 2023 (USD Billion)
Table 47  Asia-Pacific High Power LED Market Size, by Application, 2025 - 2030 (USD Billion)
Table 48  Asia-Pacific High Power LED Market Size, by Country, 2018 - 2023 (Billion Units)
Table 49  Asia-Pacific High Power LED Market Size, by Country, 2025 - 2030 (Billion Units)
Table 50  Asia-Pacific High Power LED Market Size, by Country, 2018 - 2023 (USD Billion)
Table 51  Asia-Pacific High Power LED Market Size, by Country, 2025 - 2030 (USD Billion)
Table 52  RoW High Power LED Market Size, by Wattage, 2018 - 2023 (Billion Units)
Table 53  RoW High Power LED Market Size, by Wattage, 2025 - 2030 (Billion Units)
Table 54  RoW High Power LED Market Size, by Wattage, 2018 - 2023 (USD Billion)
Table 55  RoW High Power LED Market Size, by Wattage, 2025 - 2030 (USD Billion)
Table 56  RoW High Power LED Market Size, by Application, 2018 - 2023 (Billion Units)
Table 57  RoW High Power LED Market Size, by Application, 2025 - 2030 (Billion Units)
Table 58  RoW High Power LED Market Size, by Application, 2018 - 2023 (USD Billion)
Table 59  RoW High Power LED Market Size, by Application, 2025 - 2030 (USD Billion)
Table 60  RoW High Power LED Market Size, by Country, 2018 - 2023 (Billion Units)
Table 61  RoW High Power LED Market Size, by Country, 2025 - 2030 (Billion Units)
Table 62  RoW High Power LED Market Size, by Country, 2018 - 2023 (USD Billion)
Table 63  RoW High Power LED Market Size, by Country, 2025 - 2030 (USD Billion)
Table 64  Snapshot – Samsung Electronics Co. Ltd.
Table 65  Snapshot – Cree Inc.
Table 66  Snapshot – Seoul Semiconductor Co. Ltd.
Table 67  Snapshot – LG Innotek Co. Ltd.
Table 68  Snapshot – Broadcom Inc.
Table 69  Snapshot – Epistar Corporation
Table 70  Snapshot – Everlight Electronics Co. Ltd.
Table 71  Snapshot – MLS Co. Ltd.

List of Figures

Figure 1  Market Coverage
Figure 2  Research Phases
Figure 3  Secondary Wattages for Different Parameters
Figure 4  Methodology
Figure 5  Data Mining & Exploration
Figure 6  Data Triangulation
Figure 7  Assumptions for Market Estimation and Forecast
Figure 8  Market Synopsis
Figure 9  Global High Power LED Market - Growth Drivers and Restraints
Figure 10  Competitive Benchmark
Figure 11  Global High Power LED Market Highlight
Figure 12  Global High Power LED Market Size, by Wattage, 2018 - 2030 (Billion Units)
Figure 13  Global High Power LED Market Size, by Application, 2018 - 2030 (Billion Units)
Figure 14  Global High Power LED Market Size, by Region, 2018 - 2030 (Billion Units)
Figure 15  North America High Power LED Market Highlight
Figure 16  North America High Power LED Market Size, by Wattage, 2018 - 2030 (Billion Units)
Figure 17  North America High Power LED Market Size, by Application, 2018 - 2030 (Billion Units)
Figure 18  North America High Power LED Market Size, by Country, 2018 - 2030 (Billion Units)
Figure 19  Europe High Power LED Market Size, by Wattage, 2018 - 2030 (Billion Units)
Figure 20  Europe High Power LED Market Size, by Application, 2018 - 2030 (Billion Units)
Figure 21  Europe High Power LED Market Size, by Country, 2018 - 2030 (Billion Units)
Figure 22  Asia-Pacific High Power LED Market Size, by Wattage, 2018 - 2030 (Billion Units)
Figure 23  Asia-Pacific High Power LED Market Size, by Application, 2018 - 2030 (Billion Units)
Figure 24  Asia-Pacific High Power LED Market Size, by Country, 2018 - 2030 (Billion Units)
Figure 25  RoW High Power LED Market Size, by Wattage, 2018 - 2030 (Billion Units)
Figure 26  RoW High Power LED Market Size, by Application, 2018 - 2030 (Billion Units)
Figure 27  RoW High Power LED Market Size, by Country, 2018 - 2030 (Billion Units)