Global LED Array Market by Type (Standard-Density Integrated Arrays, High-Density Integrated Arrays), By Application (PCBs, Electronic Components) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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:
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:
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.
PCBs:
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.
Electronic Components:
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.
Growth Factors For The Global LED Array Market:
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 Scope
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 |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
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.
Global LED Array Market Report Segments:
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:
- Bridgelux, Inc
- EVERLIGHT
- ITW Group
- Sun Top Electronics
- Philips Lighting
- Nichia
- SAMSUNG
- EPISTAR
- Cree
- Osram
- iLUXZ
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:
- 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 LED Array Market
Overview of the regional outlook of the LED Array 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 LED Array Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of LED Array Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Standard-Density Integrated Arrays
2. High-Density Integrated Arrays
7. By Application:1. PCBs
2. Electronic Components
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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.
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 LED Array 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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Array Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LED Array Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Array Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LED Array Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LED Array Market Size & Forecast, 2018-2028
4.5.1 LED Array Market Size and Y-o-Y Growth
4.5.2 LED Array Market Absolute $ Opportunity
Chapter 5 Global LED Array Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LED Array Market Size Forecast by Type
5.2.1 Standard-Density Integrated Arrays
5.2.2 High-Density Integrated Arrays
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Array Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LED Array Market Size Forecast by Applications
6.2.1 PCBs
6.2.2 Electronic Components
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Array Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Array Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LED Array Analysis and Forecast
9.1 Introduction
9.2 North America LED Array Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LED Array Market Size Forecast by Type
9.6.1 Standard-Density Integrated Arrays
9.6.2 High-Density Integrated Arrays
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LED Array Market Size Forecast by Applications
9.10.1 PCBs
9.10.2 Electronic Components
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LED Array Analysis and Forecast
10.1 Introduction
10.2 Europe LED Array Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LED Array Market Size Forecast by Type
10.6.1 Standard-Density Integrated Arrays
10.6.2 High-Density Integrated Arrays
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LED Array Market Size Forecast by Applications
10.10.1 PCBs
10.10.2 Electronic Components
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LED Array Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Array Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LED Array Market Size Forecast by Type
11.6.1 Standard-Density Integrated Arrays
11.6.2 High-Density Integrated Arrays
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LED Array Market Size Forecast by Applications
11.10.1 PCBs
11.10.2 Electronic Components
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LED Array Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Array Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LED Array Market Size Forecast by Type
12.6.1 Standard-Density Integrated Arrays
12.6.2 High-Density Integrated Arrays
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LED Array Market Size Forecast by Applications
12.10.1 PCBs
12.10.2 Electronic Components
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LED Array Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Array Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LED Array Market Size Forecast by Type
13.6.1 Standard-Density Integrated Arrays
13.6.2 High-Density Integrated Arrays
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LED Array Market Size Forecast by Applications
13.10.1 PCBs
13.10.2 Electronic Components
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Array Market: Competitive Dashboard
14.2 Global LED Array Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bridgelux, Inc
14.3.2 EVERLIGHT
14.3.3 ITW Group
14.3.4 Sun Top Electronics
14.3.5 Philips Lighting
14.3.6 Nichia
14.3.7 SAMSUNG
14.3.8 EPISTAR
14.3.9 Cree
14.3.10 Osram
14.3.11 iLUXZ