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High-Brightness LED Market

High-Brightness LED Market Size, Share, Competitive Landscape and Trend Analysis Report by Application - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

SE : Sensors and Controls

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Author's: Preeti Bisht | Sonia Mutreja
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High-Brightness LED Market Overview:

HB-LED Market was valued at $15 billion in 2015, and is expected to reach $29 billion by 2022 years; growing at a CAGR of 10% from 2016 - 2022. High-brightness LEDs (HB-LEDs) are semiconductor-based advanced LEDs with higher luminosity than traditional LEDs as they withstand higher current levels and power dissipation.

HB LED Market

These are largely utilized in sign & signals, TVs, mobiles, and displays as they are available in various sizes and can be mounted in any circuit. Moreover, HB-LEDs held a significant market share of the LED market as it provided much brighter light with lower voltages. It has gained significance in mobile electronics owing to its longer life span, dimmability, and reduced cost of LED components and the rise in display and large screen backlighting market that drive the market growth. However, excessive usage of HB-LED in high temperatures may cause breakdown, as its performance is highly dependent on ambient temperature, which could restrain the market growth. Moreover, rise in regulatory concerns regarding energy-saving and increasing green construction are expected to provide ample growth opportunities.

Segment Overview:

The Global HB-LED market is segmented on the basis of application and geography.

HB-LED Market Segmentation

The application segment is dominated by general lighting segment as there is a change in the consumer preferences from traditional bulbs to advanced HB-LEDs and rise in sales of downlights, replacement lamps, outdoor lights, commercial, and industrial products. However, signals & signage application segment is expected to exhibit fastest growth during the forecast period owing to its ability to produce multiple colors and low power requirements.

Increasing Green Construction 

With the rise in environmental concerns, the adoption of LED is expected to increase in buildings. General lighting industry is also expected to witness tremendous growth in demand for LED lights. In addition, most of the key HB-LED manufacturers have started manufacturing LED lights and certain Chinese manufacturers have entered the market with cheaper LED products. Unlike fluorescent lamps, LEDs do not contain mercury, which is a hazardous element. However, LED contains some poisonous substances such as gallium arsenide, but the quantity of this substance is very less and thus, it can be considered as a greener alternative to fluorescent lamps.

HB LED Market by Application

Increasing HB-LED light Applications

HB-LED demand has proliferated in various applications owing to its several benefits such as longer life-span, dimmability, and efficiency. Moreover, the demand for HB-LEDs in mobile appliance, displays, backlighting, and large screen display applications has escalated significantly and is estimated to continue throughout the forecast period.  The life span of LED is expected to have a major impact on the demand. With rising demand for long lasting lights, its impact is expected grow in future. LEDs have a longer lifespan compared to the other light sources.

HB LED Market by Region

Competitive Landscape

The report provides a comprehensive analysis of major market players that include Epistar Corp, Cree, Inc., Philips Lumileds, Moritex Corporation, Samsung Electronics Co Ltd, Seoul semiconductor, Osram Opto Semiconductor, American Bright Optoelectronics Corps, Nichia Corporation, and Toyoda Gosei to highlight the top winning strategies.
Top Winning Strategies

Currently, growth strategies such as product launch, partnership, agreement, and acquisition are adopted by key market players. HB-LED market is largely driven by product launch and partnership. Cree Inc. and Samsung Electronics Co. Ltd., introduced more advanced and energy efficient LED to enhance their product portfolio and increase their market share.

Key Benefits

  • The study provides an in-depth analysis of the global HB-LED market to elucidate the prominent investment pockets.
  • Current trends and future estimations are outlined to determine the overall market scenario and to single out profitable trends to gain a stronger foothold in the market.
  • The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
  • Geographically, the market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA 
  • Analysis of value chain is conducted for better understanding of the role of intermediaries.

High-Brightness LED Market Report Highlights

Aspects Details
By Application
  • Automotive
  • General Lighting
  • Backlighting
  • Mobile Device
  • Signals & Signage
  • Others
By Geography
  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Taiwan
    • India
    • Rest of Asia-Pacific
    • Latin America
    • Middle East
    • Africa
Key Market Players

International Light Technologies, Intematix Corporation, TOYODA GOSEI, Nichia Corporation, LG Innotek Co Ltd, GE Lighting Solutions, Kingbright Electronic Co, Ltd, Eaton Corporation, Broadcom Ltd., Everlight Electronics Co., Ltd.

Analyst Review

With the increase in demand for energy efficient lighting solutions, global HB-LED market is anticipated to grow at a moderate rate in the forecast period. Moreover, the market has witnessed proliferation in the usage of the light emitting diode technology (LED) in several applications for instance backlighting, illumination, automotive, mobiles, and signs & signals. With the increase in use of HB-LEDs for general lighting and other applications in primarily in North America and Europe, it has also gained ground in Japan, South Korea, and India. Furthermore, rise of green construction is one of the major factors for the growth of the HB-LED market in various regions. However, the initial high cost for replacement of the conventional lighting could hinder the market.

The global HB-LED market is segmented by application and geography. The application segment is classified into automotive, backlighting, general lightning, mobiles, signal & signage, and others. Among these, general lighting is the most popular application owing to the growing importance for LED lighting primarily in U.S. and Europe as well as Asian countries such as Japan, India, and South Korea. However, mobile application segment is expected to witness faster growth in the future as OLEDs are replacing backlights in mobile device rapidly. Rise in adoption of mobile devices is expected to further boost the market growth.

Asia-Pacific is presently the highest revenue-generating region in the market, whereas North America is the most lucrative market for HB-LED manufacturers. Major factors contributing for this growth is the higher adoption HB-LED in TVs, tablets, PCs, mobile backlighting. North America is expected to register the fastest growth from 2014 to 2022 based on the rapid growth in the mobiles, signage & signals in the region.

Key players have adopted various strategies to maintain their position. Competitive landscape analysis highlights product launch as the key developmental strategy amongst them. To expand their services and businesses in different geographies, the top market players are focusing on partnerships with the various companies. Agreements and acquisition are some additional strategies adopted by the market players

Author Name(s) : Preeti Bisht | Sonia Mutreja

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High-Brightness LED Market

Global Opportunity Analysis and Industry Forecast, 2014 - 2022