LED Chips Market

Executive Summary

LED Chips Market was valued at US $28.23 billion in 2021 and is projected to grow at 13.35% CAGR over the forecast period to reach US $59.88 billion by 2027. LED Chips Market represented US $6.26 billion opportunity over 2019-2021 and estimated to create US $31.65 billion opportunity in 2027 over 2021.

LED Chips from Consainsights analyses the LED Chips Market in the Technology & Media industry over the forecast period to 2027.

LED Chips research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

LED Chips segmentation includes Application and Geography.

Based on the Application, the LED Chips analysis covers Backlighting, Illumination, Automotive, Signs and Signals, Other Applications.

In Application segment, Backlighting segment has highest cagr growth of 11.79%.

Based on the region, the LED Chips analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Application

Introduction

In 2021, Backlighting segment has the highest revenue of US $12.51 billion and is expected to grow at CAGR of 11.79% by 2027 Backlighting segment has highest cagr growth of 11.79%.

Backlighting

Backlighting segment was valued at US $9.74 billion in 2019 and is projected to grow at 11.79% CAGR over the forecast period to reach US $26.54 billion by 2027. Backlighting segment represented US $2.77 billion opportunity over 2019-2021 and estimated to create US $14.03 billion opportunity in 2027 over 2021.

Illumination

Illumination segment was valued at US $6.18 billion in 2019 and is projected to grow at 11.79% CAGR over the forecast period to reach US $16.84 billion by 2027. Illumination segment represented US $1.76 billion opportunity over 2019-2021 and estimated to create US $8.90 billion opportunity in 2027 over 2021.

Automotive

Automotive segment was valued at US $3.24 billion in 2019 and is projected to grow at 11.79% CAGR over the forecast period to reach US $8.82 billion by 2027. Automotive segment represented US $0.92 billion opportunity over 2019-2021 and estimated to create US $4.66 billion opportunity in 2027 over 2021.

Signs and Signals

Signs and Signals segment was valued at US $1.26 billion in 2019 and is projected to grow at 11.79% CAGR over the forecast period to reach US $3.42 billion by 2027. Signs and Signals segment represented US $0.36 billion opportunity over 2019-2021 and estimated to create US $1.81 billion opportunity in 2027 over 2021.

Other Applications

Other Applications segment was valued at US $1.56 billion in 2019 and is projected to grow at 11.79% CAGR over the forecast period to reach US $4.25 billion by 2027. Other Applications segment represented US $0.44 billion opportunity over 2019-2021 and estimated to create US $2.25 billion opportunity in 2027 over 2021.