Global High Brightness Light Emitting Diodes LED Sales Market by Type (High Brightness Polarized Light Emitting Diodes, High Brightness AlGaInP Light Emitting Diodes), By Application (Automotive Application, General Lighting, Backlighting, Mobile, Signals & Signage, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global High-Brightness Light-Emitting Diodes (LED) Market size is projected to reach USD 5.06 billion by 2028, at a CAGR of 11.4% during the forecast period. The major drivers for this market are the cost-effective and energy-efficient properties of LED lighting systems. Moreover, LED lights have long lifetimes, which reduces maintenance costs and guarantees optimal performance for years on end without any decrease in brightness or color quality. A study has also found that using LEDs as street lights can reduce CO2 emissions by up to 76%. This reduction in carbon emission will help meet the goals set out by the Paris Agreement on Climate Change in 2015 when 195 countries agreed to take measures to combat climate change.

High-brightness light-emitting diodes (LEDs) are semiconductor devices that emit bright and energy-efficient lights. These LEDs can be either in the form of a cold cathode or hot cathode, with the former being much more common. The LED's intensity is determined by a current or voltage running through it, which generates a light-emitting diode. LEDs use semiconductors to produce light. This produces a less hot and more efficient form of lighting than traditional incandescent lights or fluorescent lamps. LEDs are typically used in backlighting, as well as for various other purposes such as digital displays, traffic signs, LED billboards, etc. In general, they have much lower total power consumption than traditional lighting methods.

On the basis of Type, the global high-brightness light-emitting diodes (LED) market is segmented into high brightness polarised light-emitting diodes and high brightness AlGaInP light-emitting diodes.

High Brightness Polarised Light-Emitting Diodes:

High brightness polarised light-emitting diodes are a type of LED that emits polarized light. This is different than the incandescent lights and fluorescent lamps, which emit unpolarized light. High brightness polarised light-emitting diodes are the most common type of LED. The advantage to these types of LEDs is that they give off a high quality, bright light with clear colors and no flickering while also utilizing less power than both incandescent lights and fluorescent lamps. For this reason, many people choose to replace their old incandescent or fluorescent bulbs with high brightness polarised light-emitting diodes for more efficient lighting in their homes.

High Brightness AlGaInP Light-Emitting Diodes:

High brightness AlGaInP light-emitting diodes are a type of LED that emits unpolarized light. These LEDs have many advantages in comparison to incandescent and fluorescent lights, including less power consumption while also providing bright, clear colors with no flickering. This has lead many people to choose high brightness AlGaInP light-emitting diodes over incandescent or fluorescent bulbs for efficiency reasons in their homes.

On the basis of Application, the global high-brightness light-emitting diodes (LED) market is segmented into automotive application, general lighting, backlighting, mobile, signals and signage, and others.

Automotive Application:

The automotive application of high-brightness light-emitting diodes (LED) is a type of vehicle lighting that produces nonstop illumination, which also does not produce glare. This can be helpful in the case where street lights or headlights on vehicles are being obscured by fog or other things.

High brightness LED's have become common for many automobiles due to their superior longevity and low power consumption when compared with incandescent bulbs. LEDs last about 50 times longer than halogen bulbs and up to 25 years so it saves money over time while lasting as long as regular car headlights do now but without having to replace them every year like you would an old filament bulb.

Many new cars use this kind of bulb because they use less power and also have a greater range of light for drivers. These bulbs are usually used in the headlights to give more lighting because they emit an even, blue-white color which is different than other lights that might use yellow or orange colors which can cause glare from foggy conditions such as rain.

General Lighting:

The general lighting application is one of the largest applications worldwide, and it includes many different kinds of LED light bulbs. These lights are used in residential homes for various purposes such as accenting certain areas or providing a little extra light when needed. This market has also seen an increase from consumers who have switched to LEDs because they last longer than traditional incandescent lamps (paper-filament) that required frequent replacement.

LEDs can be found in everything from table lamps, floor lamps, recessed downlights, ceiling fans with integrated up-lighters, fluorescent replacements including ENERGY STAR qualified models through outdoor fixtures like security posts and streetlights - all represent opportunities for growth within this particular segment.

Backlighting:

The backlighting application of high-brightness light-emitting diodes is the use of LEDs to produce a uniform, bright and clear image on screens. Backlighting refers to the use of LED light-emitting diodes behind a display for illumination, such as LCD panels in televisions and computer monitors. A backlight will illuminate an otherwise dark surface from one side, making it visible through the other. Traditional bulbs make this type of light by passing electricity through a thin film or coating on the inside glass of a bulb where they then emit energy outwards (incandescent). LEDs are used because they do not get hot like incandescent lights thereby avoiding damaging sensitive electronic equipment with heat build-up which can cause operational problems over time. LEDs also last longer than traditional filament-based lamps.

Mobile:

Mobile displays and backlight are the main application of high-brightness light-emitting diodes (LED) for mobile. The mobile display consumes 40% to 60% of power in a smartphone, so it is important to make this process as efficient as possible by optimizing the performance of LED backlights and LEDs inside displays.

Signal And Signage:

Signal and signage are the applications for high-brightness light-emitting diodes (LEDs) which is a significant market for these devices. These LEDs are used in various types of signs, such as traffic signals, street lights, LED screens that display data to drivers, airport runway lighting systems, etc. The rapid development of communication technologies has led to some new applications such as onboard information systems in public transportation vehicles.

On the basis of Region, the global high-brightness light-emitting diodes (LED) market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The global high-brightness light-emitting diodes (LED) market has been segmented region-wise. North America is the leading regional contributor to the LED industry and accounted for over 37% of total revenue share in 2017, whereas the Asia Pacific was at a close second with 30%. The other regions namely Latin America, Europe, and Middle East & Africa have contributed 23%, 18%, and 12% respectively.

Growth Factors For The Global High-Brightness Light-Emitting Diodes (LED) Market:

The global high-brightness light-emitting diodes (LED) market is witnessing significant growth across all the regions. The increasing demand for LEDs in electronics and lighting has been one of the major drivers fuelling this growth. This factor will continue to support this market’s expansion during the forecast period, until 2028.

This market is expected to exhibit robust growth during the forecast period, owing to its wide range of applications. For instance, it has been found that LED technology can be used for general lighting as well as automotive application. It also offers significant cost savings in backlighting and mobile phones due to which many manufacturers are looking forward to adopting this technology.

Up Market Research published a new report titled “High Brightness Light Emitting Diodes LED Sales Market research report which is segmented by Types (High Brightness Polarized Light Emitting Diodes, High Brightness AlGaInP Light Emitting Diodes), By Applications (Automotive Application, General Lighting, Backlighting, Mobile, Signals & Signage, Others), By Players/Companies Epistar Corp, Cree, Inc., Philips Lumileds, Moritex Corporation, Samsung Electronics Co Ltd, Seoul semiconductor, Osram Opto Semiconductor, American Bright Optoelectronics Corps, Nichia Corporation, Toyoda Gosei, Eaton Corporation, Everlight Electronics Co., Ltd., Intematix Corporation, GE Lighting Solutions, LG Innotek Co Ltd, Broadcom Ltd., Kingbright Electronic Co, Ltd, International Light Technologies”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global High Brightness Light Emitting Diodes LED Sales Market Report Segments:

The market is segmented by Type High Brightness Polarized Light Emitting Diodes, High Brightness AlGaInP Light Emitting Diodes and By Application Automotive Application, General Lighting, Backlighting, Mobile, Signals & Signage, Others.

Some of the companies that are profiled in this report are:

1. Epistar Corp
2. Cree, Inc.
3. Philips Lumileds
4. Moritex Corporation
5. Samsung Electronics Co Ltd
6. Seoul semiconductor
7. Osram Opto Semiconductor
8. American Bright Optoelectronics Corps
9. Nichia Corporation
10. Toyoda Gosei
11. Eaton Corporation
12. Everlight Electronics Co., Ltd.
13. Intematix Corporation
14. GE Lighting Solutions
15. LG Innotek Co Ltd
16. Broadcom Ltd.
17. Kingbright Electronic Co, Ltd
18. International Light Technologies

High Brightness Light Emitting Diodes LED Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the High Brightness Light Emitting Diodes LED Sales Market

Overview of the regional outlook of the High Brightness Light Emitting Diodes LED Sales Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The High Brightness Light Emitting Diodes LED Sales Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of High Brightness Light Emitting Diodes LED Sales Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. High Brightness Polarized Light Emitting Diodes

                2. High Brightness AlGaInP Light Emitting Diodes

                1. Automotive Application

                2. General Lighting

                3. Backlighting

                4. Mobile

                5. Signals & Signage

                6. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the High Brightness Light Emitting Diodes LED Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the High Brightness Light Emitting Diodes LED Sales Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.