Light Emitting Diode Led Market
PUBLISHED: 2020 Ongoing ID: SMRC18986

Light Emitting Diode Led Market

Light-emitting Diode (LED) - Global Market Outlook (2018-2027)

4.4 (25 reviews)
4.4 (25 reviews)
Published: 2020 Ongoing ID: SMRC18986

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Light-emitting Diode (LED) market is accounted for $38.83 billion in 2018 and is expected to reach $163.23 billion by 2027 growing at a CAGR of 17.3% during the forecast period. Some of the key factors propelling the market growth include increase in government focus on energy saving solutions, growth of smart lighting and high efficacy LED, increase in utility rebates, and growing display and large screen backlighting. However, high initial cost is restraining the market growth.

Light-emitting diodes (LED) are small, consume less energy, and are easy to maintain. They are commonly used as status indicators and displays on a lot of equipment. A few years ago, application of LED was limited to certain specific lighting needs and had not entered the mainstream general lighting applications. Entrance of LED in applications such as general lighting has given a strong thrust to the market. LED is expected to take over the conventional CFL and CCFL lighting market due to advanced features. Moreover, it is a cost effective solution for all lighting as well as other application purposes such as backlighting in mobile devices and large screen displays, automotive lighting and many others.

By technology, organic LED is projected to witness the significant growth, owing to high demand for cost effective and energy-saving OLED lighting, increasing government initiatives toward OLED adoption, and growth in display and large screen backlight. OLED is one of the most promising display and lighting technologies that has the capability of offering power efficiency lighting and is superior compared to the fluorescent tubes and incandescent bulbs. OLED technology helps the end user to create flexible display and lighting panels.

On the basis of geography, the APAC is expected to grow at a significant rate during the forecasted period, due to flourishing real estate industry, favourable government initiatives and increased funding for high efficiency lighting along with the continuous replacement of existing outdoor lighting. The Asia pacific region would go on to become a principal consumer of LED products and should become a major supplier for LED chips and packages, supplemented with the rising demand of product and components.
Some of the key players in Light-emitting Diode (LED) Market include LG Innotek, Dialight plc, Cree, Inc., General Electric Company, Samsung Electonics, Nichia Corporation, OSRAM Licht AG, Moritex Corporation, Broadcom Inc., Cooper Industries, Lumileds Holding B.V., Lumens Co., Ltd., Seoul Semiconductor, Mercedes-Benz (Germany), everylight electronics.

Technologies Covered:
• Ultra Violet LED
• Basic LED
• Polymer LED
• High Brightness LED
• Organic LED

Product Types Covered:
• LED Fixtures
• LED Lamps

Device Configurations Covered:
• Surface-mounted LED
• Pinned LED
• Chip on Board LED
• Directly-inserted LED Lamp Beads

Applications Covered:
• Signal & Signage
• General Lighting
• Automotive
• Backlighting
• Mobile Devices
• LED Display Industry
• Mobile Home Appliance

End Users Covered:
• Architectural
• Commercial
• Industrial
• Residential
• Outdoor

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
2 Preface        

 2.1 Abstract       
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
3 Market Trend Analysis        
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats       
 3.6 Technology Analysis       
 3.7 Product Analysis       
 3.8 Application Analysis       
 3.9 End User Analysis       
 3.10 Emerging Markets       
 3.11 Impact of Covid-19       
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry       
5 Global Light-emitting Diode (LED) Market, By Technology        
 5.1 Introduction       
 5.2 Ultra Violet LED       
 5.3 Basic LED       
 5.4 Polymer LED       
 5.5 High Brightness LED       
 5.6 Organic LED       
6 Global Light-emitting Diode (LED) Market, By Product Type        
 6.1 Introduction       
 6.2 LED Fixtures       
 6.3 LED Lamps       
7 Global Light-emitting Diode (LED) Market, By Device Configuration       
 7.1 Introduction       
 7.2 Surface-mounted LED       
 7.3 Pinned LED       
 7.4 Chip on Board LED       
 7.5 Directly-inserted LED Lamp Beads       
8 Global Light-emitting Diode (LED) Market, By Application   
 8.1 Introduction       
 8.2 Signal & Signage       
 8.3 General Lighting       
 8.4 Automotive       
 8.5 Backlighting       
 8.6 Mobile Devices       
 8.7 LED Display Industry       
 8.8 Mobile Home Appliance       
9 Global Light-emitting Diode (LED) Market, By End User        
 9.1 Introduction       
 9.2 Architectural       
 9.3 Commercial       
 9.4 Industrial       
 9.5 Residential       
 9.6 Outdoor       
10 Global Light-emitting Diode (LED) Market, By Geography      
 10.1 Introduction       
 10.2 North America       
  10.2.1 US       
  10.2.2 Canada      
  10.2.3 Mexico      
 10.3 Europe       
  10.3.1 Germany      
  10.3.2 UK      
  10.3.3 Italy      
  10.3.4 France      
  10.3.5 Spain      
  10.3.6 Rest of Europe      
 10.4 Asia Pacific       
  10.4.1 Japan      
  10.4.2 China      
  10.4.3 India      
  10.4.4 Australia      
  10.4.5 New Zealand      
  10.4.6 South Korea      
  10.4.7 Rest of Asia Pacific      
 10.5 South America       
  10.5.1 Argentina      
  10.5.2 Brazil      
  10.5.3 Chile      
  10.5.4 Rest of South America      
 10.6 Middle East & Africa       
  10.6.1 Saudi Arabia      
  10.6.2 UAE      
  10.6.3 Qatar      
  10.6.4 South Africa      
  10.6.5 Rest of Middle East & Africa      
11 Key Developments        
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 11.2 Acquisitions & Mergers       
 11.3 New Product Launch       
 11.4 Expansions       
 11.5 Other Key Strategies       
12 Company Profiling         
 12.1 LG Innotek       
 12.2 Dialight plc       
 12.3 Cree, Inc.       
 12.4 General Electric Company       
 12.5 Samsung Electonics       
 12.6 Nichia Corporation       
 12.7 OSRAM Licht AG       
 12.8 Moritex Corporation       
 12.9 Broadcom Inc.       
 12.10 Cooper Industries       
 12.11 Lumileds Holding B.V.       
 12.12 Lumens Co., Ltd.       
 12.13 Seoul Semiconductor       
 12.14 Mercedes-Benz (Germany)       
 12.15 everylight electronics      

List of Tables         
1 Global Light-emitting Diode (LED) Market Outlook, By Region (2017-2027) ($MN)        
2 Global Light-emitting Diode (LED) Market Outlook, By Technology (2017-2027) ($MN)        
3 Global Light-emitting Diode (LED) Market Outlook, By Ultra Violet LED (2017-2027) ($MN)        
4 Global Light-emitting Diode (LED) Market Outlook, By Basic LED (2017-2027) ($MN)        
5 Global Light-emitting Diode (LED) Market Outlook, By Polymer LED (2017-2027) ($MN)        
6 Global Light-emitting Diode (LED) Market Outlook, By High Brightness LED (2017-2027) ($MN)        
7 Global Light-emitting Diode (LED) Market Outlook, By Organic LED (2017-2027) ($MN)        
8 Global Light-emitting Diode (LED) Market Outlook, By Product Type (2017-2027) ($MN)         
9 Global Light-emitting Diode (LED) Market Outlook, By LED Fixtures (2017-2027) ($MN)        
10 Global Light-emitting Diode (LED) Market Outlook, By LED Lamps (2017-2027) ($MN)        
11 Global Light-emitting Diode (LED) Market Outlook, By Device Configuration (2017-2027) ($MN)        
12 Global Light-emitting Diode (LED) Market Outlook, By Surface-mounted LED (2017-2027) ($MN)        
13 Global Light-emitting Diode (LED) Market Outlook, By Pinned LED (2017-2027) ($MN)        
14 Global Light-emitting Diode (LED) Market Outlook, By Chip on Board LED (2017-2027) ($MN)        
15 Global Light-emitting Diode (LED) Market Outlook, By Directly-inserted LED Lamp Beads (2017-2027) ($MN)        
16 Global Light-emitting Diode (LED) Market Outlook, By Application (2017-2027) ($MN)        
17 Global Light-emitting Diode (LED) Market Outlook, By Signal & Signage (2017-2027) ($MN)        
18 Global Light-emitting Diode (LED) Market Outlook, By General Lighting (2017-2027) ($MN)        
19 Global Light-emitting Diode (LED) Market Outlook, By Automotive (2017-2027) ($MN)        
20 Global Light-emitting Diode (LED) Market Outlook, By Backlighting (2017-2027) ($MN)        
21 Global Light-emitting Diode (LED) Market Outlook, By Mobile Devices (2017-2027) ($MN)        
22 Global Light-emitting Diode (LED) Market Outlook, By LED Display Industry (2017-2027) ($MN)        
23 Global Light-emitting Diode (LED) Market Outlook, By Mobile Home Appliance (2017-2027) ($MN)        
24 Global Light-emitting Diode (LED) Market Outlook, By End User (2017-2027) ($MN)        
25 Global Light-emitting Diode (LED) Market Outlook, By Architectural (2017-2027) ($MN)        
26 Global Light-emitting Diode (LED) Market Outlook, By Commercial (2017-2027) ($MN)        
27 Global Light-emitting Diode (LED) Market Outlook, By Industrial (2017-2027) ($MN)        
28 Global Light-emitting Diode (LED) Market Outlook, By Residential (2017-2027) ($MN)        
29 Global Light-emitting Diode (LED) Market Outlook, By Outdoor (2017-2027) ($MN)        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.        

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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