PDF - LED Chip Market 2019-2024: Industry Overview, Growth Rate and Forecast 2024

1. Global LED Chip Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global LED Chip Market Overview: According to the latest report by IMARC Group, titled “LED Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global LED chip market size reached US$ 16.4 Billion in 2018. A light-emitting diode (LED) chip, also known as the die, refers to the core component in the LED lighting system. It has different ratings based on the voltage, brightness and wavelength, and primarily assists in determining the quality and color of light, such as red, blue, green, white and yellow. Over the years, the LED chip technology has evolved from the low-efficiency Dual In-Line Package (DIP) to high-powered Chip on Board (COB) circuits, which in turn, has helped in improving the efficiency of lighting systems. Request for a free sample report: https://www.imarcgroup.com/led-chip-market/requestsample LED Chip Market Trends The LED chip market is presently witnessing double-digit growth owing to the strong demand for LED lighting products. These lights are more energy-efficient in terms of power consumption and offer a high luminous intensity.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ In Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Moreover, LED lights utilize electroluminescence to produce light by converting electricity into visible light with minimum wastage and heat generation. Apart from this, LED products have a longer lifespan in comparison to incandescent bulbs which, in turn, is strengthening the growth of the LED chip market. Furthermore, incentives offered by governments around the world to promote the utilization of energy-efficient lighting is also boosting the sales of LED chips. Looking forward, the market is projected to exceed US$ 37.0 Billion by 2024, expanding at a CAGR of around 14% during 2019-2024.

5. Report Description and Highlights Report Description Further, owing to technological innovations and continuous research and development (R&D), the cost of manufacturing LED per kilolumen has also decreased, thereby reducing the average selling price (ASP) of LEDs. Key Market Segmentation: Market Segmentation by Product • • • • • • • Blue LED Chips Red LED Chips Green LED Chips Infrared LED Chips Yellow LED Chips White LED Chips Others Based on the product, the market has been segregated into blue, red, green, infrared, yellow, white and other LED chips. At present, blue LED chips account for the majority of the total market share. This can be accredited to their application in backlighting as well as illumination to attain a high degree.

6. Report Description and Highlights Report Description For more information, click here: https://www.imarcgroup.com/led-chip-market Market Segmentation by Application • • • • • Backlighting Illumination Automotive Signs and Signal Others On the basis of the application, the market has been segmented into backlighting, illumination, automotive, signs and signal, and others. Market Segmentation by Region • • • • Asia Pacific Europe North America Middle East and Africa

7. Report Description and Highlights Report Description • Latin America Region-wise, Asia Pacific represents the largest market for LED chips around the world, owing to a large number of industry participants in the region. Other major markets include Europe, North America, Latin America, and Middle East and Africa. Browse Related Report LED Lighting Market Report: https://www.imarcgroup.com/led-manufacturing-plant LED Bulb Market Report: https://www.imarcgroup.com/led-bulb-manufacturing-plant Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • AVA Technologies Inc. Bright LED Electronics Corporation

8. Report Description and Highlights Report Description • • • • • • • • • • • • • Cree Bridgelux Hitachi Cable Huga Optech Dowa Electronics Materials Co Ltd Epistar Corporation Nichia Corporation Formosa Epitax Goldeneye INC. Kingbright Optek Technology Ltd Osa Opto Light Gmbh Osram Opto Semiconductors

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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