Market Overview:
The global LED array market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LEDs in various applications such as PCBs and electronic components. Additionally, the growing demand for energy-efficient lighting solutions is also contributing to the growth of this market.
Product Definition:
A LED array is a set of light emitting diodes (LEDs) in a matrix form. The LEDs are placed in groups, or "rows" and "columns". The number of LEDs in each row and column can vary, depending on the size and shape of the array. LED arrays are often used as backlights for displays and screens. They can also be used as headlights or taillights in cars, or as indicator lights on electronic devices.
Standard-Density Integrated Arrays:
LEDs are becoming the preferred choice for lighting applications owing to their low power consumption, high efficiency, and longer lifespan. The integration of these devices with smart control systems has enabled manufacturers to develop intelligent lighting solutions that can be easily managed through a smartphone app. These advanced LED lights consume less energy and have a longer lifespan as compared to incandescent bulbs; however, they are more expensive than conventional light sources such as compact fluorescent lamps (CFLs) or traditional halogen bulbs.
High-Density Integrated Arrays:
High-Density Integrated Arrays (HDIA) are a new type of light source that is expected to replace the traditional LED. The major advantage of HDIA is that it can produce an extremely large number of white light sources in a small space, which would result in higher efficiency and reduced power consumption.
Application Insights:
Based on applications, the market has been segmented into printed circuit boards (PCB), electronic components and other products. The PCB application segment accounted for the largest revenue share in 2016 owing to extensive usage of led array lights in various processes such as material deposition, masking and etchants cleaning. Moreover, increasing demand for PCBs from end-use industries is expected to drive the product demand over the forecast period.
The electronic component application segment is anticipated to witness a CAGR of XX% over the forecast period due to rising use of led array lights in various semiconductor processing operations such as lithography equipment alignment and inspection systems development. Furthermore, growing use of LED arrays by major industry players such as Apple Inc., Samsung Electronics Co., Ltd., HTC Corporation and Lenovo Group Ltd. is expected fuel industry growth over the coming years.
Regional Analysis:
The North American regional market accounted for the largest share in 2017. The growth is attributed to the presence of major industry participants, such as Cree, Inc.; Optech; and Lumileds Lighting America, Inc. Moreover, technological advancements in lighting applications along with increasing demand for energy-efficient lighting solutions are expected to drive the regional market over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast years owing to rising investments by key players in developing countries such as China and India. For instance: In 2016, Philips entered into a joint venture with Luyuan (Ningde) Co., Ltd., a Chinese LED manufacturer based out of Zhejiang Province for building high-quality light sources that meet stringent environmental regulations while also reducing electricity costs by up to 30%.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Technological advancements in LED array technology
- Growing demand from emerging markets
- Favorable government policies and initiatives supporting LED adoption
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Array Market Research Report
By Type
Standard-Density Integrated Arrays, High-Density Integrated Arrays
By Application
PCBs, Electronic Components
By Companies
Bridgelux, Inc, EVERLIGHT, ITW Group, Sun Top Electronics, Philips Lighting, Nichia, SAMSUNG, EPISTAR, Cree, Osram, Bridgelux, Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global LED Array Market Report Segments:
The global LED Array market is segmented on the basis of:
Types
Standard-Density Integrated Arrays, High-Density Integrated Arrays
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
PCBs, Electronic Components
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bridgelux, Inc
- EVERLIGHT
- ITW Group
- Sun Top Electronics
- Philips Lighting
- Nichia
- SAMSUNG
- EPISTAR
- Cree
- Osram
- Bridgelux, Inc
Highlights of The LED Array Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard-Density Integrated Arrays
- High-Density Integrated Arrays
- By Application:
- PCBs
- Electronic Components
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED Array Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An LED array is a type of light emitting diode (LED) display. It consists of many small LEDs arranged in a grid or matrix, and can be used to create images or text on an electronic device such as a computer monitor, television screen, or smartphone.
Some of the key players operating in the led array market are Bridgelux, Inc, EVERLIGHT, ITW Group, Sun Top Electronics, Philips Lighting, Nichia, SAMSUNG, EPISTAR, Cree, Osram, Bridgelux, Inc.
The led array market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Array Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LED Array Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Array Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LED Array Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LED Array Market Size & Forecast, 2018-2028
4.5.1 LED Array Market Size and Y-o-Y Growth
4.5.2 LED Array Market Absolute $ Opportunity
Chapter 5 Global LED Array Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LED Array Market Size Forecast by Type
5.2.1 Standard-Density Integrated Arrays
5.2.2 High-Density Integrated Arrays
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Array Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LED Array Market Size Forecast by Applications
6.2.1 PCBs
6.2.2 Electronic Components
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Array Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Array Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LED Array Analysis and Forecast
9.1 Introduction
9.2 North America LED Array Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LED Array Market Size Forecast by Type
9.6.1 Standard-Density Integrated Arrays
9.6.2 High-Density Integrated Arrays
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LED Array Market Size Forecast by Applications
9.10.1 PCBs
9.10.2 Electronic Components
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LED Array Analysis and Forecast
10.1 Introduction
10.2 Europe LED Array Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LED Array Market Size Forecast by Type
10.6.1 Standard-Density Integrated Arrays
10.6.2 High-Density Integrated Arrays
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LED Array Market Size Forecast by Applications
10.10.1 PCBs
10.10.2 Electronic Components
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LED Array Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Array Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LED Array Market Size Forecast by Type
11.6.1 Standard-Density Integrated Arrays
11.6.2 High-Density Integrated Arrays
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LED Array Market Size Forecast by Applications
11.10.1 PCBs
11.10.2 Electronic Components
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LED Array Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Array Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LED Array Market Size Forecast by Type
12.6.1 Standard-Density Integrated Arrays
12.6.2 High-Density Integrated Arrays
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LED Array Market Size Forecast by Applications
12.10.1 PCBs
12.10.2 Electronic Components
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LED Array Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Array Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LED Array Market Size Forecast by Type
13.6.1 Standard-Density Integrated Arrays
13.6.2 High-Density Integrated Arrays
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LED Array Market Size Forecast by Applications
13.10.1 PCBs
13.10.2 Electronic Components
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Array Market: Competitive Dashboard
14.2 Global LED Array Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bridgelux, Inc
14.3.2 EVERLIGHT
14.3.3 ITW Group
14.3.4 Sun Top Electronics
14.3.5 Philips Lighting
14.3.6 Nichia
14.3.7 SAMSUNG
14.3.8 EPISTAR
14.3.9 Cree
14.3.10 Osram
14.3.11 Bridgelux, Inc
