Table of Content

1 INTRODUCTION 13
1.1 STUDY OBJECTIVES 13
1.2 DEFINITION 13
1.3 STUDY SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED 14
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15

2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Secondary sources 17
2.1.2 PRIMARY DATA 18
2.1.2.1 Primary interviews with experts 18
2.1.2.2 Breakdown of primaries 18
2.1.2.3 Key data from primary sources 19
2.1.3 SECONDARY AND PRIMARY RESEARCH 19
2.1.3.1 Key industry insights 20
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 21
2.2.1.1 Approach for capturing market size by bottom-up analysis
(demand side) 21
2.2.2 TOP-DOWN APPROACH 22
2.2.2.1 Approach for capturing market size by top-down analysis
(supply side) 22
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS 24

3 EXECUTIVE SUMMARY 25

4 PREMIUM INSIGHTS 29
4.1 HIGH POWER LED MARKET, 2019–2024 (USD BILLION) 29
4.2 HIGH POWER LED MARKET IN APAC, BY APPLICATION AND COUNTRY 29
4.3 HIGH POWER LED MARKET: DEVELOPED VS. DEVELOPING MARKETS,
2019 AND 2024 (USD BILLION) 30
4.4 GEOGRAPHIC ANALYSIS OF HIGH POWER LED MARKET, 2019–2024 30
4.5 HIGH POWER LED MARKET, BY APPLICATION (USD BILLION) 31

5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 32
5.2.1 DRIVERS 33
5.2.1.1 Long life and continuous usage 33
5.2.1.2 Small size, less power consumption, and low voltage 33
5.2.1.3 Increasing high brightness LED applications 33
5.2.2 RESTRAINTS 33
5.2.2.1 High initial cost 33
5.2.3 OPPORTUNITIES 33
5.2.3.1 Increased demand for smart lighting systems 33
5.2.3.2 Increased awareness regarding implementation of energy-efficient systems 34
5.2.4 CHALLENGE 34
5.2.4.1 Overcoming the thermal problems 34
5.3 VALUE CHAIN ANALYSIS 34

6 HIGH POWER LED MARKET, BY PACKAGING TYPE 36
6.1 INTRODUCTION 37
6.2 MESA 38
6.2.1 MESA PACKAGING BEING COMMON LED PACKAGING TYPE IS KEY FACTOR CONTRIBUTING TO ITS HIGH ADOPTION 38
6.3 FLIP CHIP 38
6.3.1 WIRELESS BONDING TECHNOLOGY, ENHANCED DURABILITY, HEAT DISSIPATION, AND SUPERIOR LIGHT PERFORMANCE FUEL GROWTH OF MARKET FOR FLIP CHIP LED PACKAGING 38
6.4 VERTICAL 38
6.4.1 USE OF VERTICAL PACKAGING IN HIGH AND SUPER HIGH POWER APPLICATIONS IS MAJOR DRIVER FOR GROWTH OF MARKET FOR VERTICAL PACKAGED HIGH POWER LEDS 38

7 HIGH POWER LED MARKET, BY APPLICATION 39
7.1 INTRODUCTION 40
7.2 AUTOMOTIVE 41
7.2.1 USE OF HIGH POWER LEDS IN AUTOMOTIVE EXTERIOR LIGHTING IS MAJOR DRIVER FOR GROWTH OF MARKET FOR AUTOMOTIVE 41
7.3 GENERAL LIGHTING 43
7.3.1 INCREASED USE OF HIGH POWER LEDS IN STREET AND ROADWAY LIGHTING TO DRIVE GROWTH OF MARKET FOR GENERAL LIGHTING 43
7.4 BACKLIGHTING 46
7.4.1 INCREASED USE HIGH POWER LEDS IN DISPLAY BACKLIGHTING TO DRIVE MARKET GROWTH FOR BACKLIGHTING 46
7.5 FLASH LIGHTING 48
7.5.1 INCREASED DEMAND FOR HIGH POWER LEDS IN SMARTPHONES TO DRIVE GROWTH OF MARKET FOR FLASH LIGHTING 48
7.6 OTHERS 50
7.6.1 USE OF HIGH POWER LEDS IN TRAFFIC SIGNALS AND SIGNS TO BOOST GROWTH OF MARKET FOR OTHER APPLICATIONS 50

8 HIGH POWER LED MARKET, BY GEOGRAPHY 53
8.1 INTRODUCTION 54
8.2 NORTH AMERICA 56
8.2.1 US 57
8.2.1.1 Increased focus on energy-efficient systems in US to drive market 57
8.2.2 CANADA & MEXICO 58
8.2.2.1 Increasing investment in smart lighting to fuel growth of high power LED market in Canada and Mexico 58
8.3 EUROPE 59
8.3.1 UK 60
8.3.1.1 Continuous focus of the government on improved lighting systems to drive growth of market in UK 60
8.3.2 GERMANY 61
8.3.2.1 Continued innovation and high adoption of high power LEDs in automotive expected to drive market in Germany 61
8.3.3 FRANCE 61
8.3.3.1 Increasing demand for high power LEDs in general lighting and automotive to drive growth of market in France 61
8.3.4 REST OF EUROPE 61
8.3.4.1 Spain, Italy, Poland, Finland, Sweden, Belgium, the Netherlands, Switzerland, and Austria are major contributors to high power LED market in Rest of Europe 61
8.4 ASIA PACIFIC 62
8.4.1 CHINA 64
8.4.1.1 Presence of several manufacturers of high power LEDs to drive growth of market in China 64
8.4.2 JAPAN 65
8.4.2.1 Presence of major automotive players in Japan to fuel growth of high power LED market 65
8.4.3 SOUTH KOREA 65
8.4.3.1 Presence of major smartphone, automotive, and display manufacturers in South Korea would encourage adoption of high power LEDs 65
8.4.4 REST OF APAC 66
8.4.4.1 Countries such as India, Singapore, Taiwan, and Australia to drive growth of market in Rest of APAC 66
8.5 REST OF THE WORLD 66
8.5.1 MIDDLE EAST AND AFRICA 67
8.5.1.1 Smart lighting to fuel growth of high power LED market in Middle East and Africa 67
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8.5.2 SOUTH AMERICA 67
8.5.2.1 Rising need for reducing energy costs to boost growth of high power LED market in South America 67

9 COMPETITIVE LANDSCAPE 68
9.1 INTRODUCTION 68
9.2 RANKING OF HIGH POWER LED MARKET PLAYERS 68
9.3 COMPETITIVE SCENARIO 69
9.3.1 PRODUCT LAUNCHES AND DEVELOPMENTS 69
9.3.2 PARTNERSHIP, AGREEMENT, EXPANSION, & ACQUISITION 70
9.4 COMPETITIVE LEADERSHIP MAPPING 71
9.4.1 VISIONARY LEADERS 71
9.4.2 DYNAMIC DIFFERENTIATORS 71
9.4.3 INNOVATORS 71
9.4.4 EMERGING COMPANIES 71

10 COMPANY PROFILES 73
10.1 INTRODUCTION 73
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
10.2 KEY PLAYERS 74
10.2.1 CREE 74
10.2.2 NICHIA 79
10.2.3 OSRAM OPTO SEMICONDUCTORS 82
10.2.4 SAMSUNG ELECTRONICS 85
10.2.5 LUMILEDS 88
10.2.6 EVERLIGHT ELECTRONICS 90
10.2.7 EPISTAR 92
10.2.8 SEOUL SEMICONDUCTOR 94
10.2.9 LG INNOTEK 96
10.2.10 BROADCOM 98
10.2.11 MLS CO. LTD. 100
10.3 OTHER KEY PLAYERS 101
10.3.1 LUCKYLIGHT ELECTRONICS 101
10.3.2 PLESSEY SEMICONDUCTORS 101
10.3.3 BETLUX ELECTRONICS 101
10.3.4 EFFILUX 102
10.4 KEY INNOVATORS 102
10.4.1 LITE-ON TECHNOLOGY 102
10.4.2 CRESCENT LED 102
10.4.3 VOLLONG ELECTRONICS 103
10.4.4 STANLEY ELECTRIC 103
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

11 APPENDIX 104
11.1 INSIGHTS OF INDUSTRY EXPERTS 104
11.2 DISCUSSION GUIDE 105
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 107
11.4 AVAILABLE CUSTOMIZATIONS 109
11.5 RELATED REPORTS 109
11.6 AUTHOR DETAILS 110



List of Figures



FIGURE 1 MARKET SEGMENTATION 14
FIGURE 2 HIGH POWER LED MARKET: RESEARCH DESIGN 16
FIGURE 3 BOTTOM-UP APPROACH TO ARRIVE AT MARKET SIZE 21
FIGURE 4 TOP-DOWN APPROACH TO ARRIVE AT MARKET SIZE 22
FIGURE 5 DATA TRIANGULATION METHODOLOGY 23
FIGURE 6 HIGH POWER LED MARKET, 2016–2024 (USD BILLION) 25
FIGURE 7 HIGH POWER LED MARKET, BY PACKAGING TYPE, 2019 VS. 2024 26
FIGURE 8 GENERAL LIGHTING HELD LARGEST SIZE OF HIGH POWER LED MARKET IN 2018 26
FIGURE 9 APAC HELD LARGEST SHARE OF HIGH POWER LED MARKET IN 2018 27
FIGURE 10 APAC EXPECTED TO BE LARGEST SHAREHOLDER IN HIGH POWER LED MARKET FOR GENERAL LIGHTING BY 2019 28
FIGURE 11 ATTRACTIVE MARKET OPPORTUNITIES FOR HIGH POWER LED MARKET 29
FIGURE 12 CHINA AND GENERAL LIGHTING TO BE LARGEST SHAREHOLDERS IN HIGH POWER LED MARKET IN APAC BY 2024 29
FIGURE 13 US TO REGISTER HIGHEST CAGR IN HIGH POWER LED MARKET DURING
2019–2024 30
FIGURE 14 US AND CANADA TO WITNESS HIGH CAGR IN HIGH POWER LED MARKET FROM 2019 TO 2024 30
FIGURE 15 GENERAL LIGHTING APPLICATION EXPECTED TO DOMINATE HIGH POWER LED MARKET DURING FORECAST PERIOD 31
FIGURE 16 INCREASING HIGH BRIGHTNESS APPLICATIONS DRIVE GROWTH OF HIGH POWER LED MARKET 32
FIGURE 17 VALUE CHAIN ANALYSIS (2018): MAJOR VALUE ADDED DURING RESEARCH AND PRODUCT DEVELOPMENT, AND MANUFACTURING STAGES 35
FIGURE 18 FLIP CHIP PACKAGING TO LEAD HIGH POWER LED MARKET DURING FORECAST PERIOD 37
FIGURE 19 GENERAL LIGHTING TO HOLD LARGEST SIZE OF HIGH POWER LED MARKET DURING FORECAST PERIOD 40
FIGURE 20 GEOGRAPHIC SNAPSHOT: HIGH POWER LED MARKET IN NORTH AMERICA TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 54
FIGURE 21 CHINA TO HOLD LARGEST SIZE OF HIGH POWER LED MARKET BY 2024 55
FIGURE 22 NORTH AMERICA: HIGH POWER LED MARKET SNAPSHOT 56
FIGURE 23 EUROPE: SNAPSHOT OF HIGH POWER LED MARKET 59
FIGURE 24 APAC: SNAPSHOT OF HIGH POWER LED MARKET 63
FIGURE 25 COMPANIES ADOPTED PRODUCT LAUNCHES AND DEVELOPMENTS AS KEY GROWTH STRATEGIES DURING 2015–2018 72
FIGURE 26 CREE: COMPANY SNAPSHOT 75
FIGURE 27 NICHIA: COMPANY SNAPSHOT 79
FIGURE 28 OSRAM LICHT: COMPANY SNAPSHOT 82
FIGURE 29 SAMSUNG ELECTRONICS: COMPANY SNAPSHOT 85
FIGURE 30 EPISTAR: COMPANY SNAPSHOT 92
FIGURE 31 SEOUL SEMICONDUCTOR: COMPANY SNAPSHOT 94
FIGURE 32 LG INNOTEK: COMPANY SNAPSHOT 2017 96
FIGURE 33 BROADCOM: COMPANY SNAPSHOT 2017 98

 

List of Tables



TABLE 1 HIGH POWER LED MARKET, BY PACKAGING TYPE, 2016–2024 (USD BILLION) 37
TABLE 2 HIGH POWER LED MARKET, BY APPLICATION, 2016–2024 (USD BILLION) 40
TABLE 3 HIGH POWER LED MARKET FOR AUTOMOTIVE, BY REGION 2016–2024 (USD MILLION) 41
TABLE 4 HIGH POWER LED MARKET FOR AUTOMOTIVE IN APAC, BY COUNTRY 2016–2024 (USD MILLION) 42
TABLE 5 HIGH POWER LED MARKET FOR AUTOMOTIVE IN NORTH AMERICA, BY COUNTRY, 2016–2024 (USD MILLION) 42
TABLE 6 HIGH POWER LED MARKET FOR AUTOMOTIVE IN EUROPE, BY COUNTRY 2016–2024 (USD MILLION) 42
TABLE 7 HIGH POWER LED MARKET FOR AUTOMOTIVE IN ROW, BY REGION 2016–2024 (USD MILLION) 43
TABLE 8 HIGH POWER LED MARKET FOR GENERAL LIGHTING, BY REGION 2016–2024 (USD MILLION) 44
TABLE 9 HIGH POWER LED MARKET FOR GENERAL LIGHTING IN APAC, BY COUNTRY 2016–2024 (USD MILLION) 44
TABLE 10 HIGH POWER LED MARKET FOR GENERAL LIGHTING IN NORTH AMERICA BY COUNTRY, 2016–2024 (USD MILLION) 45
TABLE 11 HIGH POWER LED MARKET FOR GENERAL LIGHTING IN EUROPE, BY COUNTRY, 2016–2024 (USD MILLION) 45
TABLE 12 HIGH POWER LED MARKET FOR GENERAL LIGHTING IN ROW, BY REGION 2016–2024 (USD MILLION) 45
TABLE 13 HIGH POWER LED MARKET FOR BACKLIGHTING, BY REGION 2016–2024 (USD MILLION) 46
TABLE 14 HIGH POWER LED MARKET FOR BACKLIGHTING IN APAC, BY COUNTRY 2016–2024 (USD MILLION) 46
TABLE 15 HIGH POWER LED MARKET FOR BACKLIGHTING IN NORTH AMERICA, BY COUNTRY, 2016–2024 (USD MILLION) 47
TABLE 16 HIGH POWER LED MARKET FOR BACKLIGHTING IN EUROPE, BY COUNTRY 2016–2024 (USD MILLION) 47
TABLE 17 HIGH POWER LED MARKET FOR BACKLIGHTING IN ROW, BY REGION 2016–2024 (USD MILLION) 47
TABLE 18 HIGH POWER LED MARKET FOR FLASH LIGHTING, BY REGION 2016–2024 (USD MILLION) 48
TABLE 19 HIGH POWER LED MARKET FOR FLASH LIGHTING IN APAC, BY COUNTRY 2016–2024 (USD MILLION) 49
TABLE 20 HIGH POWER LED MARKET FOR FLASH LIGHTING IN NORTH AMERICA BY COUNTRY, 2016–2024 (USD MILLION) 49
TABLE 21 HIGH POWER LED MARKET FOR FLASH LIGHTING IN EUROPE, BY COUNTRY 2016–2024 (USD MILLION) 49
TABLE 22 HIGH POWER LED MARKET FOR FLASH LIGHTING IN ROW, BY REGION 2016–2024 (USD MILLION) 50
TABLE 23 HIGH POWER LED MARKET FOR OTHERS, BY REGION, 2016–2024 (USD MILLION) 51
TABLE 24 HIGH POWER LED MARKET FOR OTHERS IN APAC, BY COUNTRY 2016–2024 (USD MILLION) 51
TABLE 25 HIGH POWER LED MARKET FOR OTHERS IN NORTH AMERICA, BY COUNTRY, 2016–2024 (USD MILLION) 51
TABLE 26 HIGH POWER LED MARKET FOR OTHERS IN EUROPE, BY COUNTRY 2016–2024 (USD MILLION) 52
TABLE 27 HIGH POWER LED MARKET FOR OTHERS IN ROW, BY REGION 2016–2024 (USD MILLION) 52
TABLE 28 HIGH POWER LED MARKET, BY REGION, 2016–2024 (USD MILLION) 55
TABLE 29 HIGH POWER LED MARKET IN NORTH AMERICA, BY APPLICATION 2016–2024 (USD MILLION) 57
TABLE 30 HIGH POWER LED MARKET IN NORTH AMERICA, BY COUNTRY 2016–2024 (USD MILLION) 57
TABLE 31 HIGH POWER LED MARKET IN EUROPE, BY APPLICATION 2016–2024 (USD MILLION) 60
TABLE 32 HIGH POWER LED MARKET IN EUROPE, BY COUNTRY, 2016–2024 (USD MILLION) 60
TABLE 33 HIGH POWER LED MARKET IN APAC, BY APPLICATION, 2016–2024 (USD MILLION) 63
TABLE 34 HIGH POWER LED MARKET IN APAC, BY COUNTRY, 2016–2024 (USD MILLION) 64
TABLE 35 HIGH POWER LED MARKET IN ROW, BY APPLICATION, 2016–2024 (USD MILLION) 66
TABLE 36 HIGH POWER LED MARKET IN ROW, BY REGION, 2016–2024 (USD MILLION) 67
TABLE 37 RANKING OF TOP 5 PLAYERS IN HIGH POWER LED MARKET 68
TABLE 38 PRODUCT LAUNCHES AND DEVELOPMENTS: HIGH POWER LED MARKET 2017–2019 69
TABLE 39 PARTNERSHIP, AGREEMENT, EXPANSION & ACQUISITION: HIGH POWER LED MARKET, 2015–2018 70