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Global high-brightness (HB) LED market was valued at USD 15.6 billion in 2016 and is expected to grow on account of its increasing demand in various applications including lighting for automobiles and electronics. Increasing sales of these segments are expected to provide an impetus to the growth of the market over the projected years.

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High-Brightness LED Market Size, Share, Trend, Analysis,

Industry Outlook and Forecast to 2024 | Hexa Research

“Global high-brightness (HB) LED Market is expected

to grow on account of its increasing demand in

various applications including lighting for

automobiles and electronics.”

The global High-Brightness LED Market size to reach USD 27.28 billion by 2024 and is driven by the rise in the

consumer need for resource efficient and low energy lighting solutions. The market was dominated by North

America and Asia Pacific together accounting for 62% of the revenue share in 2016.

High-brightness LEDs are semiconductor-based devices which exhibit superior luminosity as compared to

traditional LEDs due to the higher current levels and power dissipation. Increasing trend of providing more

brightness to improve clarity is expected to augment the growth of the market over the projected period.

Increasing demand for HB LEDs in numerous application segments including automotive, television,

smartphones, general lighting, and signs owing to their lower energy consumption and superior brightness is

expected to drive the demand. Rising consumer awareness regarding the benefits of using HB LED such as

lower power consumption and superior brightness for residential as well as commercial applications are

expected to bolster growth.

Demand for these lighting solutions was highest in consumer electronics including laptops, TV backlight and

smartphones to provide superior luminescence even in dark lighting conditions. The segment accounted for

56.3% of the market share in 2016 and is expected to continue its dominant trend over the projected period.

Increasing consumption of HB LEDs in 4K TVs coupled with the growing sales of these products is anticipated

to drive the market over the next few years.

Browse Details of Report @ https://www.hexaresearch.com/research-report/high-brightness-hb-led-

market

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Automotive is expected to exhibit the fastest growth over the forecast period at a 10.2% CAGR from 2017 to

2024. Although LEDs have penetrated the automotive market, HB LEDs are increasingly used as a safety

measure for visibility along with reducing the power consumption. Increasing production of automobiles is

expected to propel the sales of these lighting solutions over the next few years.

Keeping these driving factors in mind, companies are ramping up their production capacity as well as seeking

out new joint ventures to improve their distribution system. For instance, in March 2017, Samsung signed a

MoU with Elec-Tech International (H.K) Co, Ltd. to leverage the latter’s technology and market share in China.

On the other hand, ETi is likely to benefit from Samsung’s patent protection and brand strength.

As the demand for high-brightness LEDs has been growing, it has led companies to increase their fabs. The

LED manufacturing industry has roughly added 100 new fabs in the last five years increasing the tally to 169

fabs worldwide.

Hexa Research has segmented the global high-brightness LED market based on application and region:

Segmentation by application, 2014 - 2024 (USD Million)

• Consumer Electronic

• General Lighting

• Automotive

• Signals and Signage

Segmentation by region, 2014 - 2024 (USD Million)

• North America

• U.S.

• Europe

• Germany

• UK

• Asia Pacific

• China

• India

• Rest of the World (RoW)

Key players analyzed:

• Lumileds Holding B.V.

• Epistar Corporation

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• Cree, Inc.

• MORITEX Corporation

• Samsung Electronics

• Seoul Semiconductor Company, Ltd.

• Osram Licht AG

• American Bright

• Nichias Corporation

• Toyoda Gosei Co., Ltd.

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embossing solutions in industries such as automobile, packaging and machine tools.

Smart Meters Market: - Smart meters market is expected to witness the growth over the forecast period due to its

advantages over traditional meters in terms of fulfilment of favourable regulatory conditions.

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Table of Content of High-BrightnessLED Market

Chapter 1. Market Summary

1.1. Market trends & movement

Chapter 2. HB LED Market Trends: Drivers & Opportunities

2.1. Introduction

2.2. Key industry trends

2.3. Market drivers

2.4. Market restraints

2.5. Value chain analysis

2.6. Porter's Five Forces analysis

2.7. SWOT

Chapter 3. HB LED Market Trends, By Application

3.1. Global HB LED Market movement, by raw material, 2016 & 2024

3.1.1. Automotive

3.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Million)

3.1.2. General Lighting

3.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Million)

3.1.3. Consumer Electronics

3.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Million)

3.1.4. Signals and Signage

3.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Million)

Chapter 4. HB LED Market Trends, By Region

4.1. Global HB LED Market movement, by region, 2014 & 2024

4.1.1. North America

4.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)

4.1.1.2. Market estimates and forecast, by application 2014 - 2024 (USD Million)

4.1.2. Europe

4.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Million)

4.1.2.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)

4.1.3. Asia Pacific

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4.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Million)

4.1.3.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)

4.1.4. Rest of the World (RoW)

4.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Million)

4.1.4.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)

Chapter 5. Key Country Markets

5.1. U.S.

5.1.1. Market estimates and forecast, 2014 - 2024 (USD Million)

5.1.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)

5.2. Germany

5.2.1. Market estimates and forecast, 2014 - 2024 (USD Million)

5.2.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)

5.3. UK

5.3.1. Market estimates and forecast, 2014 - 2024 (USD Million)

5.3.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)

5.4. China

5.4.1. Market estimates and forecast, 2014 - 2024 (USD Million)

5.4.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)

5.5. India

5.5.1. Market estimates and forecast, 2014 - 2024 (USD Million)

5.5.2. Market estimates and forecast, by application, 2014 - 2024 (USD Million)

Chapter 6. Competitive Landscape

6.1. Competitive landscape analysis, 2016

6.2. Strategic framework

6.3. Potential customer base concentration

6.4. Company market positioning

6.5. Company profiles

6.5.1. Lumileds Holding B.V.

6.5.1.1. Company Overview

6.5.1.2. Product Benchmarking

6.5.1.3. Financial Performance

6.5.1.4. Recent Initiatives

6.5.2. Epistar Corporation

6.5.2.1. Company Overview

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6.5.2.2. Product Benchmarking

6.5.2.3. Financial Performance

6.5.2.4. Recent Initiatives

6.5.3. Cree, Inc.

6.5.3.1. Company Overview

6.5.3.2. Product Benchmarking

6.5.3.3. Financial Performance

6.5.3.4. Recent Initiatives

6.5.4. MORITEX Corporation

6.5.4.1. Company Overview

6.5.4.2. Product Benchmarking

6.5.4.3. Financial Performance

6.5.4.4. Recent Initiatives

6.5.5. Samsung Electronics

6.5.5.1. Company Overview

6.5.5.2. Product Benchmarking

6.5.5.3. Financial Performance

6.5.5.4. Recent Initiatives

6.5.6. Seoul Semiconductor Company, Ltd.

6.5.6.1. Company Overview

6.5.6.2. Product Benchmarking

6.5.6.3. Financial Performance

6.5.6.4. Recent Initiatives

6.5.7. OSRAM Licht AG

6.5.7.1. Company Overview

6.5.7.2. Product Benchmarking

6.5.7.3. Financial Performance

6.5.7.4. Recent Initiatives

6.5.8. American Bright

6.5.8.1. Company Overview

6.5.8.2. Product Benchmarking

6.5.8.3. Financial Performance

6.5.8.4. Recent Initiatives

6.5.9. Nichias Corporation

6.5.9.1. Company Overview

6.5.9.2. Product Benchmarking

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6.5.9.3. Financial Performance

6.5.9.4. Recent Initiatives

6.5.10. Philips

6.5.10.1. Company Overview

6.5.10.2. Product Benchmarking

6.5.10.3. Financial Performance

6.5.10.4. Recent Initiatives

6.5.11. List of other vendors

Chapter 7. Methodology and Scope

7.1. Research methodology

7.2. Research Scope & Assumptions

7.3. List of data sources

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research

and consulting services to a host of key industries across the globe. We offer comprehensive business

intelligence in the form of industry reports which help our clients obtain clarity about their business

environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - https://www.hexaresearch.com/

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