Visible Light Emitting Diode (LED) Market
Visible Light Emitting Diode (LED) Market Size, Share & Trends Analysis Report Market by Technology Type (AlInGaN, AlInGaP, and AlGaAs), by Application (Indoor, and Outdoor), and by End Users (Commercial, Residential, Industrial) Forecast Period (2023-2030)
Visible LEDs market is anticipated to grow at a considerable CAGR of 13.2% during the forecast period. The visible radiation refers to the wavelength range between 400 nm and 800 nm, which can be perceived by the human eye. The growing demand for LED lights in several applications, such as industrial, and commercial is propelling the market growth. The visible light-emitting diode driver has become an important part of commercial and industrial lights and has helped in the reduction of electricity costs considerably. For instance, in February 2023, Signify Holdings introduced a range of new solutions for the retail industry, including the Philips StoreFlow retail lighting system, Interact Retail hybrid lighting controls, and a collection of luminaires crafted from recycled materials.
Segmental Outlook
The global visible LED market is segmented based on technology type, application, and end user. Based on technology type, the market is segmented into AlInGaN, AlInGaP, and AlGaAs. Based on application, the market is sub-segmented into indoor and outdoor. Based on end users, the market is segmented into commercial, residential, and industrial. Among these, The residential market is growing worldwide, which has increased demand for floor lamps, lamps, cabinet lights, etc.
Indoor Application of Visible LED is expected to grow at a Significant rate during the Forecast Period
Visible LEDs, due to their numerous advantages are expected to become the dominant indoor lighting technology. Because of various benefits, it can also be switched ON/OFF at high frequency, enabling their additional use for wireless and indoor positioning. The use of Visible LEDs propels the demand for Visible LEDs in this segment. Apart from houses, office spaces are also becoming one of the common LED lighting applications. In today's business world, owners and managers are placing more emphasis on the overall well-being of their employees. By switching to LED lighting, offices can provide bright light for their employees. This helps them see better and experience less eye fatigue. The color of the light can help brighten moods and comfort. This is the result of an increase in the demand for high-intensity discharge and fluorescent bulb substitutes from supermarkets, shopping malls, and retail establishments. LED lighting generates less heat, and costs less than conventional lighting options. The segment's growth is also predicted to be aided by rising demand in public institutions like hospitals and schools.
Regional Outlook
The global visible LED market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, the North American region is expected to be the fastest growing market due to rising demand for smart lights and increased awareness of environmentally friendly lighting, the market in North America is expanding quickly.
Global Visible Light Emitting Diode (LED) Market Growth by Region 2023-2030
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Asia Pacific Region is Anticipated to Hold the Major Share in the Global Visible LED market
Geographically, the Asia Pacific region holds a sizeable market share due to the presence of major industry players and supportive initiatives from the government. In March 2021, the Indian government introduced GRAM UJALA scheme for rural households, under which it aims to distribute LED bulbs at an affordable price of Rs. 10 per bulb. As per the data by the Ministry of Power, in 2020, the Indian government deployed 366 million LEDs; the Energy Efficiency Services Limited, a government-owned energy services firm, installed >10 million LED smart street lights as part of the LED Street Lighting National Programme.
Market Players Outlook
The major companies serving the global visible LED market include Everlight Electronics Co., Ltd., OSRAM International GmbH, Ushio Europe b.v., Sharp Corp., General Electric among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in July 2021, Signify acquired Telensa Holdings Ltd, a UK-based expert in smart cities wireless monitoring and control systems.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global visible LED market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Acuity Brands, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Everlight Electronics Co., Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. General Electric
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Koninklijke Philips N.V
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. LG Innotek Co., Ltd.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Visible LEDs (Light-Emitting Diodes) Market by Technology Type
4.1.1. AlInGaN
4.1.2. AlInGaP
4.1.3. AlGaAs
4.2. Global Visible LEDs (Light-Emitting Diodes) Market by Application
4.2.1. Indoor
4.2.2. Outdoor
4.3. Global Visible LEDs (Light-Emitting Diodes) Market by End Users
4.3.1. Commercial
4.3.2. Residential
4.3.3. Industrial
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Firefly Wireless Networks LLC
6.2. Lucibel SA
6.3. LiFi.co
6.4. Lumileds Holding B.V.
6.5. Nichia Corporation
6.6. OSRAM International GmbH
6.7. Renesola
6.8. Samsung Electronics Co., Ltd.
6.9. Seoul Semiconductor Co. Ltd.
6.10. Sharp Corp.
6.11. Signify Holding
6.12. Ushio Europe b.v.
1. GLOBAL VISIBLE LED MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL VISIBLE LED OF AlInGaN MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL VISIBLE LED OF AlInGaP MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL VISIBLE LED OF AlGaAs MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL VISIBLE LED MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
6. GLOBAL VISIBLE LED FOR INDOOR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL VISIBLE LED FOR OUTDOOR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL VISIBLE LED MARKET RESEARCH AND ANALYSIS BY END USERS, 2022-2030 ($ MILLION)
9. GLOBAL COMMERCIAL VISIBLE LED MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL RESIDENTIAL VISIBLE LED MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL INDUSTRIAL VISIBLE LED MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL VISIBLE LED MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. NORTH AMERICAN VISIBLE LED MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
14. NORTH AMERICAN VISIBLE LED MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPE, 2022-2030 ($ MILLION)
15. NORTH AMERICAN VISIBLE LED MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
16. NORTH AMERICAN VISIBLE LED MARKET RESEARCH AND ANALYSIS BY END USERS, 2022-2030 ($ MILLION)
17. EUROPEAN VISIBLE LED MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. EUROPEAN VISIBLE LED MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPE, 2022-2030 ($ MILLION)
19. EUROPEAN VISIBLE LED MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
20. EUROPEAN VISIBLE LED MARKET RESEARCH AND ANALYSIS BY END USERS, 2022-2030 ($ MILLION)
21. ASIA- PACIFIC VISIBLE LED MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
22. ASIA- PACIFIC VISIBLE LED MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPE, 2022-2030 ($ MILLION)
23. ASIA-PACIFIC VISIBLE LED MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
24. ASIA-PACIFIC VISIBLE LED MARKET RESEARCH AND ANALYSIS BY END USERS, 2022-2030 ($ MILLION)
25. REST OF THE WORLD VISIBLE LED MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPE, 2022-2030 ($ MILLION)
26. REST OF THE WORLD VISIBLE LED MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
27. REST OF THE WORLD VISIBLE LED MARKET RESEARCH AND ANALYSIS BY END USERS, 2022-2030 ($ MILLION)
1. VISIBLE LED MARKET SHARE BY TECHNOLOGY TYPE, 2022 VS 2030 (%)
2. GLOBAL VISIBLE LED OF AllnGaN MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL VISIBLE LED OF AllnGaP MARKET SHARE BY REGION BY REGION, 2022 VS 2030 (%)
4. GLOBAL VISIBLE LED OF AlGaAs MARKET SHARE BY REGION BY REGION, 2022 VS 2030 (%)
5. VISIBLE LED MARKET SHARE BY APPLICATION, 2022 VS 2030 ($ MILLION)
6. GLOBAL VISIBLE LED FOR INDOOR MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL VISIBLE LED FOR OUTDOOR MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. VISIBLE LED MARKET SHARE BY END USERS, 2022 VS 2030 ($ MILLION)
9. GLOBAL COMMERCIAL VISIBLE LED MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL RESIDENTIAL VISIBLE LED MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL INDUSTRIAL VISIBLE LED MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. VISIBLE LED MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. US VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
14. CANADA VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
15. UK VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
16. FRANCE VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
17. GERMANY VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
18. ITALY VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
19. SPAIN VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
20. REST OF EUROPE VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
21. INDIA VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
22. CHINA VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
23. JAPAN VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
24. SOUTH KOREA VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF ASIA-PACIFIC VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF THE WORLD VISIBLE LED MARKET SIZE, 2022-2030 ($ MILLION)
