LED Chip Market Size, Share, Opportunities, And Trends By Type (Surface-mounted Diode (SMD), Chip On Board (COB), Flip-Chip (ETI FC)), By Application (Encoders, Optical Switches, Optical Communications, Distance Measurement, Others) And Geography - Forecasts From 2019 To 2024

Published: May 2020 | Report Code: KSI061612614 | Pages: 110

Description
Table Of Contents
Companies Mentioned

The LED chip market is projected to grow at a CAGR of 9.73% during the forecast period to reach a market size of US$15.594 billion in 2024 from US$8.933 billion in 2018. Growing adoption of energy-efficient lighting is the major driver of the LED chip market. Supportive government policies and incentives to boost the usage of LED lights is further escalating the production of LED lights which, in turn, is augmenting the demand for LED chips. Increasing applications of LED lights in industries such as automotive and transportation is another factor behind the growth of LED Chip market. Geographically, LED Chip market is segmented into North America, South America, Europe, Middle East and Africa, and the Asia Pacific. APAC dominates the LED Chip market throughout the forecast period on account of high production of LEDs in countries like China, India, and Taiwan and the presence of major LED manufacturers in the region.

DRIVERS
Steady fall in the price of LEDs leading to its growing adoption.
Growing focus on the efficient use of resources.

RESTRAINTS
Availability of substitutes

INDUSTRY UPDATE
In November 2017, Osram AG announced the operation of its new LED chip factory in Kulim, Malaysia.

Segmentation

The global LED chip market has been analyzed through the following segments:

By Type
Surface-mounted diode (SMD)
Chip on Board (COB)
Flip-Chip (ETI FC)

By Application
Encoders
Optical Switches
Optical Communications
Distance Measurement
Others

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Spain
Others
Middle East and Africa
Israel
Others
Asia Pacific
Japan
China
India
South Korea
Others

Frequently Asked Questions (FAQs)

Q1. What will be the led chip market size by 2024?

A1. LED Chip market is projected to reach a market size of US$15.594 billion in 2024.

Q2. What are the growth prospects for the led chip market?

A2. The LED chip market is projected to grow at a CAGR of 9.73% during the forecast period.

Q3. What is the size of global led chip market?

A3. The global LED chip market was valued at US$8.933 billion in 2018.

Q4. What factors are anticipated to drive the led chip market growth?

A4. Growing adoption of energy-efficient lighting is the major driver of the LED chip market.

Q5. Which region holds the largest market share in the global led chip market?

A5. Asia Pacific dominates the LED Chip market throughout the forecast period on account of high production of LEDs in countries like China, India, and Taiwan.