The Global LED Array Market size is projected to grow from USD 4.08 billion in 2021 to USD X.XX billion by 2028, at a CAGR of 6.4% from 2021 - 2028. The major factors driving the growth of this market are growing demand for low-power and longer lifetime LEDs, increasing use of high-density arrays for PCBs and electronic components applications, and growing utilization of high-densities arrays in emerging markets such as China and India due to their lower cost owing to economies of scale.
An LED array is a group of LEDs mounted together on the same circuit board. These arrays are used in many applications, such as panels and boards for medical equipment, power supplies, LCD TVs and monitors, computers/servers (e.g., blade servers), wearable devices like watches or fitness trackers; automotive headlights lights; flashlights; and various signage. The features of an LED array depend on the type of LED array. There are two types of LED arrays: standard-density integrated arrays and high-density integrated arrays. Standard-density integrated arrays have fewer LEDs per square inch than high-density integrated arrays. They are typically used in lower brightness applications, such as TVs, monitors, signs, and flashlights.
On the basis of Type, the global LED array market is segmented into Standard-Density Integrated Arrays and High-Density Integrated Arrays.
Standard-Density Integrated Arrays are used for illumination, displays, and other lighting applications. They are available in different sizes, shapes, and colors. These arrays have a single LED die mounted on a lead frame with an associated reflector. The array is encapsulated using molded plastic optics that focus the light into the desired beam shape. Standard-density integrated arrays are the most common type of LED package. They offer low manufacturing costs and excellent reliability.
High-Density Integrated Arrays are LED components that offer high light output but require less space. This is possible due to the advanced design and technology used in the production of these devices. They are often used in backlighting and signage applications. High-density integrated arrays offer a number of features that are not available in standard-density arrays. These include: Higher packing density for more LEDs per unit area, Increased lumen output due to higher current densities, Reduced thermal resistance, allowing for higher operating temperatures and thus increased reliability, Wider viewing angles.
On the basis of Application, the global LED array market is segmented into PCBs and Electronic Components.
LED arrays are used in PCBs to provide lighting for the board. The LED array is mounted on the PCB and provides light for the system. This allows the PCB to be lit up and visible when it is in use. The LED array can also be used to indicate the status or other information about the system. By using an LED array, the PCB can be illuminated without external power. This allows the system to be smaller and more efficient.
LED arrays are used in a variety of electronic components, including televisions, phones, and computer monitors. They are also used in traffic lights, automobile headlights, and other outdoor lighting fixtures. LED arrays are often brighter and more efficient than traditional lightbulbs, making them the preferred choice for many electronic applications. Additionally, they last much longer than traditional lightbulbs.
On the basis of Region, the global LED array market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to dominate the global LED array market in terms of revenue during the forecast period. The Asia Pacific market is projected to grow at the highest CAGR from 2021 to 2028. The demand for LED arrays in Europe is expected to grow at a significant rate due to the increasing penetration and awareness of its benefits among end-users.
LED arrays are widely used for various applications in the Latin American region. They have grown to be a major player in most of the industries, especially electronics and automotive. The increasing demand for LED arrays is expected to remain high due to several factors such as government support, rising disposable incomes, the growing penetration rate of smartphones across different geographies, etc. The market for LED arrays in the Asia Pacific is gaining momentum because of increasing demand from various end-user industries, such as consumer electronics and automotive. Furthermore, huge investments by major players across the region are expected to create new opportunities for LED array manufacturers over the forecast period.
The growth factors for the global LED array market are increasing demand for energy-efficient lighting solutions, the rising trend of miniaturization in the electronics and semiconductor industry, and growing awareness about the benefits of LEDs over conventional lighting solutions. Additionally, the LED array market is witnessing a surge in demand from various end-use industries such as automotive, consumer electronics, and lighting. This is mainly owing to the advantages offered by LED arrays over traditional light sources in terms of performance, efficiency, and cost. Moreover, the ongoing trend of the Internet of Things (IoT) is also expected to fuel the demand for LED arrays in the near future. The growing popularity of IoT-enabled devices is resulting in an increase in the number of applications that require lighting, which is subsequently fueling the demand for LED arrays.
Up Market Research published a new report titled “LED Array Market research report which is segmented by Types (Standard-Density Integrated Arrays, High-Density Integrated Arrays), By Applications (PCBs, Electronic Components), By Players/Companies Bridgelux, Inc, EVERLIGHT, ITW Group, Sun Top Electronics, Philips Lighting, Nichia, SAMSUNG, EPISTAR, Cree, Osram, iLUXZ”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||LED Array Market Research Report|
|By Type||Standard-Density Integrated Arrays, High-Density Integrated Arrays|
|By Application||PCBs, Electronic Components|
|By Companies||Bridgelux, Inc, EVERLIGHT, ITW Group, Sun Top Electronics, Philips Lighting, Nichia, SAMSUNG, EPISTAR, Cree, Osram, iLUXZ|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||221|
|Number of Tables & Figures||155|
|Customization Available||Yes, the report can be customized as per your need.|
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.
The market is segmented by Type Standard-Density Integrated Arrays, High-Density Integrated Arrays and By Application PCBs, Electronic Components.
Some of the companies that are profiled in this report are:
LED Array 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:
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.
We have studied the LED Array 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.
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