$5.6 Bn High Power LED Markets, 2024 by Packaging Type (Flip Chip, Mesa, and Vertical), Application (General Lighting, Automotive, Flash Lighting, Backlighting) - ResearchAndMarkets.com

The "High Power LED Market by Packaging Type (Flip Chip, Mesa, and Vertical), Application (General Lighting, Automotive, Flash Lighting, Backlighting,) and Geography (APAC, North America, Europe, Rest of the World) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The High Power LED Market is Expected to Grow from USD 4.5 Billion in 2019 to USD 5.6 Billion by 2024, at a CAGR of 4.5% During the Forecast Period

The long-life & continuous usage, small size, less power consumption & low voltage, and increasing high brightness application are the major factors fueling the growth of the overall market. However, the high initial cost might restrain the market growth.

High power LED with flip chip packaging to grow at the highest CAGR during the forecast period

The high power LED market for flip chip packages will grow at the highest CAGR during the forecast period owing to its advantages over the traditional horizontal mesa packaging and vertical packaging. The flip chip packages can be driven at higher current, are free of wire-bonding, and are offered in smaller packages. This is the major factor leading to the higher adoption of these LEDs than the traditional horizontal and vertical LEDs.

Automotive application to register high CAGR in high power LED market during the forecast period

In the automotive sector, high power LEDs are used in interior and exterior lighting applications. The adoption of high power LEDs for automotive lighting is very low due to their high costs, and they are used mostly in premium cars. However, their adoption is slowly gaining momentum because of increased interest among automobile manufacturers for high power LED modules and their availability for automotive applications. The available brightness due to high power LEDs would be the major driver for the growth of the high power LED market.

APAC to hold a significant share of the high power LED market by 2024

APAC currently leads the high power LED industry in terms of market size and is likely to continue being the leading region in 2024 as well. China, South Korea, and Japan are the top three contributors to the high power LED market in APAC; the market in Japan is expected to grow at the highest CAGR during the forecast period owing to the adoption of high power LEDs in premium automotive-based out in Japan. General lighting will be the leading application segment due to the early adoption of the high power LED. Also, the demand for high power LEDs in automotive, backlighting, and flash lighting in this region are the major factors fueling the growth of the high power LED market in this region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 High Power LED Market, 2019-2024 (USD Billion)

4.2 High Power LED Market in APAC, By Application and Country

4.3 High Power LED Market: Developed vs Developing Markets, 2019 and 2024 (USD Billion)

4.4 Geographic Analysis of High Power LED Market, 2019-2024

4.5 High Power LED Market, By Application (USD Billion)

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Long Life and Continuous Usage

5.2.1.2 Small Size, Less Power Consumption, and Low Voltage

5.2.1.3 Increasing High Brightness LED Applications

5.2.2 Restraints

5.2.2.1 High Initial Cost

5.2.3 Opportunities

5.2.3.1 Increased Demand for Smart Lighting Systems

5.2.3.2 Increased Awareness Regarding Implementation of Energy-Efficient Systems

5.2.4 Challenge

5.2.4.1 Overcoming the Thermal Problems

5.3 Value Chain Analysis

6 High Power LED Market, By Packaging Type

6.1 Introduction

6.2 Mesa

6.2.1 Mesa Packaging Being Common LED Packaging Type is Key Factor Contributing to Its High Adoption

6.3 Flip Chip

6.3.1 Wireless Bonding Technology, Enhanced Durability, Heat Dissipation, and Superior Light Performance Fuel Growth of Market for Flip Chip LED Packaging

6.4 Vertical

6.4.1 Use of Vertical Packaging in High and Super High Power Applications is Major Driver for Growth of Market for Vertical Packaged High Power LEDs

7 High Power LED Market, By Application

7.1 Introduction

7.2 Automotive

7.2.1 Use of High Power LEDs in Automotive Exterior Lighting is Major Driver for Growth of Market for Automotive

7.3 General Lighting

7.3.1 Increased Use of High Power LEDs in Street and Roadway Lighting to Drive Growth of Market for General Lighting

7.4 Backlighting

7.4.1 Increased Use High Power LEDs in Display Backlighting to Drive Market Growth for Backlighting

7.5 Flash Lighting

7.5.1 Increased Demand for High Power LEDs in Smartphones to Drive Growth of Market for Flash Lighting

7.6 Others

7.6.1 Use of High Power LEDs in Traffic Signals and Signs to Boost Growth of Market for Other Applications

8 High Power LED Market, By Geography

Company Profiles

Key Players

  • CREE
  • Nichia
  • OSRAM Opto Semiconductors
  • Samsung Electronics
  • Lumileds
  • Everlight Electronics
  • Epistar
  • Seoul Semiconductor
  • LG Innotek
  • Broadcom
  • MLS Co. Ltd.

Other Key Players

  • Luckylight Electronics
  • Plessey Semiconductors
  • Betlux Electronics
  • Effilux

Key Innovators

  • Lite-On Technology
  • Crescent LED
  • Vollong Electronics
  • Stanley Electric

For more information about this report visit https://www.researchandmarkets.com/r/835zf