Global High Brightness LED Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global High Brightness LED Market 2021 (Includes Business Impact of COVID-19)
Global High Brightness LED Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global high brightness LED market report has been segmented on the basis of application and region.
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The global High Brightness LED market size was valued at USD$ 14.24 billion in 2020 and is projected to reach USD $ 31.74 billion by 2030, and is anticipated to expand at a CAGR of 7.88% over the forecast period from 2020 to 2030.


Global High Brightness LED Market: Overview


High-brightness LEDs (HB-LEDs) are one of the semiconductor-based innovative LEDs which has higher brightness. HB-LED has the ability for providing low power consumption, longer-lifespan, and improved brightness features and structures. These LEDs are more efficient and have higher life span. The HB-LEDs are mostly used in various screen displays of electronics displays of TVs, mobile devices, automobiles, general lighting purposes and others. High brightness (HB) LEDs are cost and power effective, hard and have higher life period as compared to other lighting types. These led are helpful in saving more than 50 to 70 % of energy over other traditional machineries and have almost negligible maintenance costs.


Global High Brightness LED Market: Dynamics


Increasing preferences for lower voltages and brighter lights which are importance in electronics products due to dimmability, longer life span, and the rising display presentation and large screen backlighting that drive the market growth over the forecast period. In addition, rising number of regulatory concerns about energy-saving and increasing green construction coupled with rising usage of the HB-LED technology in various applications for instance street lighting, mobiles, signs and signals backlighting, automotive are some of the other factors expected to drive demand of the high brightness LED globally. Furthermore, increasing HB-LED light applications in large scale replacements of traditional light, in general lighting, cars, mobile, and as these are more cost-effective, energy-efficient, and offers longer life span are among the other factors expected drive the growth of the target market over the forecoming years. However, extreme use of HB-LED in high temperature can cause failure, as the performance is highly dependent on ambient temperature coupled with high initial investment are the major factors that could restraining the growth of the target market to a certain extent.

Major trends observed in the global high brightness LED market is rapid rising in energy saving lighting solutions from countries such as US, Japan, and India.


Global High Brightness LED Market: Segment Analysis


The application segment is sub segmented into backlighting, automotive application, general lighting, mobile, and signals & signage. Among the application segment, signals and signage segment is dominating in the global market in terms of revenue share. As many of the consumers are changing their inclinations from outdated bulbs to innovative HB-LEDs coupled with rising sales of replacement lamps, commercial, downlights, outdoor lights, and industrial products


Global High Brightness LED Market: Regional Analysis


Currently, North America market accounts for the major share and is expected to drive growth over the forecast period as this region. This is primarily attributed to, increasing shipments of mobile devices and reduction in the cost of LED components in US. Asia Pacific market in expected to register fastest growth in the near future due to rising demand for Brighter LEDs in commercial applications, automobiles, and displays and is a factor expected to drive growth of the target market in Asia Pacific region.


Below are the active patents related to High Brightness LED Market.


Paent Number: US7566155B2

LED light system

Abstract

The invention relates to an LED light system (1) for generating directed illumination radiation. The system comprises a plurality of LED lamp elements (2), each comprising a collimator (10) with an LED element (9). The LED lamp elements (2) are arranged in a defined array for generating a specified luminance pattern. A secondary optics device (11) images the luminance pattern in the space to be illuminated.

Application File Date: 2005-08-02

Application Granted Date: 2009-07-28

Current Assignee: Signify Holding BV

Paent Number: US20110235322A1

Led based high-intensity light with secondary diffuser

Abstract

A high intensity LED based lighting array for use in an obstruction light with efficient uniform light output is disclosed. The high intensity LED based lighting array has a ring assembly having a plurality of reflectors and light emitting diodes. The ring assembly has a planar surface mounting each of the plurality of primary reflectors in perpendicular relation to a respective one of the plurality of light emitting diodes. A secondary diffuser is positioned on the ring to mix light from the light emitting diodes to create a uniform light emission in a range of azimuth angles.

Application File Date: 2011-03-22

Application Granted Date: 2014-02-18

Current Assignee: Excelitas Canada Inc. Excelitas Technologies Sensors Inc

Global High Brightness LED Market Segmentation:

Segmentation by Application:

  
Automotive Application
  
General Lighting
  
Backlighting
  
Mobile
  
Signals & Signage


Key Market Players included in the report:


  
American Bright Optoelectronics Corps
  
Avago Technologies
  
BEKA
  
Broadcom Ltd
  
Cree Inc. (US)
  
Kingbright Electronic Co Ltd
  
Liteon
  
LUMEX
  
Lumileds Holding B.V. (Netherland)
  
Moritex Corporation (Japan)
  
Nichia Corporation (Japan)
  
Osram Opto Semiconductors GmbH (Germany)
  
Philips Lumileds
  
Samsung Electronics Co Ltd (South Korea)
  
Toyoda Gosei (Japan).