Market Overview:
The global LED light sources market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient lighting solutions, growing awareness about the benefits of LED lights, and rising demand for LED lights in commercial and industrial applications. The global LED light sources market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into low intensity light sources, medium intensity light sources, and high intensity light sources. Low intensity LEDs are used in general illumination applications such as residential lighting and office lighting. Mediumintensity LEDs are used in more demanding applications such as retail signage and automotive headlights/taillights/interior lighting.
Product Definition:
LED light sources are semiconductor devices that emit light when an electric current passes through them. They are important because they use a fraction of the energy of other types of light sources, making them more efficient.
Low Intensity Light Sources:
Low Intensity Light Source (Li-LS) is a new concept in LED light sources market. It's basically an alternative to High Intensity Light Source (HIL). HILs are used for lighting applications due to their high power efficiency, uniformity and beam characteristics.
Medium Intensity Light Sources:
LED light sources are used in a variety of applications such as automotive, commercial and residential lighting, advertising & signage. The growth of LED market is directly proportional to the growth of global economy and it's expected to be one of the fastest-growing markets over the forecast period. Medium Intensity Light Sources (MILS) can be segmented into Organic Light Emitting Diode (OLED) and Inorganic Light Emitting Diode (ICON).
Application Insights:
The research application segment led the market and accounted for more than a 38% share of the global revenue in 2017. The growth can be attributed to increasing R&D activities on LED lights for various applications in laboratories, museums, educational institutes and medical facilities. Moreover, growing research activities on new applications of LEDs is also expected to drive the demand over the forecast period.
The industrial segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand from end-use industries such as automotive and construction among others that are increasingly adopting LEDs as their primary source lighting solutions due to their superior characteristics compared with other conventional lighting technologies such as fluorescent lamps or incandescent bulbs.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to increasing adoption of LED lighting in commercial and industrial applications. Moreover, presence of prominent players such as Cree, Inc.; Opto Alliance; and Philips Lumileds is expected to drive the regional demand for led light sources over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand from end-use industries such as healthcare & science, education & research centers, corporate offices, retail stores/shops/malls and others. This can be attributed to increasing awareness about energy conservation among businesses owners along with rapid urbanization that has resulted in increased infrastructure spending by governments across countries like China and India. Furthermore, growing penetration of LED lighting technology due to its advantages over incandescent or CFL bulbs will further propel industry expansion during this period (2018 - 2030).
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lights over traditional lighting sources
- Technological advancements in LED technology
- Growing demand for LED lights in automotive and signage applications
- Declining prices of LED light bulbs
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Light Sources Market Research Report
By Type
Low Intensity Light Sources, Medium Intensity Light Sources, High Intensity Light Sources
By Application
Industrial, Commercial, Research, Others
By Companies
OLYMPUS, Magnaflux, DELO, Ocean Insight, Leica Microsystems, Avantes, Galvoptics, WILD Group, Jenoptik, Zolix, HORIBA
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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global LED Light Sources Market Report Segments:
The global LED Light Sources market is segmented on the basis of:
Types
Low Intensity Light Sources, Medium Intensity Light Sources, High Intensity Light Sources
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
Industrial, Commercial, Research, Others
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:
- OLYMPUS
- Magnaflux
- DELO
- Ocean Insight
- Leica Microsystems
- Avantes
- Galvoptics
- WILD Group
- Jenoptik
- Zolix
- HORIBA
Highlights of The LED Light Sources 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:
- Low Intensity Light Sources
- Medium Intensity Light Sources
- High Intensity Light Sources
- By Application:
- Industrial
- Commercial
- Research
- Others
- 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 Light Sources 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?
LED light sources are a type of lighting that uses LED bulbs. LEDs are small, energy-efficient lightbulbs that last longer than traditional incandescent and fluorescent bulbs. They're also more environmentally friendly because they use less electricity and produce less heat than other types of lamps.
Some of the major companies in the led light sources market are OLYMPUS, Magnaflux, DELO, Ocean Insight, Leica Microsystems, Avantes, Galvoptics, WILD Group, Jenoptik, Zolix, HORIBA.
The led light sources market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Light Sources 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 Light Sources Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Light Sources 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 Light Sources 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 Light Sources Market Size & Forecast, 2020-2028
4.5.1 LED Light Sources Market Size and Y-o-Y Growth
4.5.2 LED Light Sources Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Low Intensity Light Sources
5.2.2 Medium Intensity Light Sources
5.2.3 High Intensity Light Sources
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Research
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Light Sources 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 Light Sources 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Low Intensity Light Sources
9.6.2 Medium Intensity Light Sources
9.6.3 High Intensity Light Sources
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 Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Research
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Low Intensity Light Sources
10.6.2 Medium Intensity Light Sources
10.6.3 High Intensity Light Sources
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 Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Research
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Low Intensity Light Sources
11.6.2 Medium Intensity Light Sources
11.6.3 High Intensity Light Sources
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 Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Research
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Low Intensity Light Sources
12.6.2 Medium Intensity Light Sources
12.6.3 High Intensity Light Sources
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 Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Research
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Low Intensity Light Sources
13.6.2 Medium Intensity Light Sources
13.6.3 High Intensity Light Sources
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) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Research
13.10.4 Others
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 Light Sources Market: Competitive Dashboard
14.2 Global LED Light Sources Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OLYMPUS
14.3.2 Magnaflux
14.3.3 DELO
14.3.4 Ocean Insight
14.3.5 Leica Microsystems
14.3.6 Avantes
14.3.7 Galvoptics
14.3.8 WILD Group
14.3.9 Jenoptik
14.3.10 Zolix
14.3.11 HORIBA
