Market Overview:
The global LED module 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 energy-efficient lighting solutions and the growing trend of retrofitting existing lighting systems with LED modules. In terms of type, the high voltage LED driver module segment is expected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to the increasing demand for high-voltage LEDs in general lighting applications, especially in outdoor applications such as streetlights and parking lots. In terms of application, general lighting is expected to account for a major share of the global LED module market during the forecast period.
Product Definition:
An LED module is a self-contained unit comprising an LED and its associated drive circuitry. It is designed to be mounted in a luminaire or lighting fixture.
High Voltage LED Driver Module:
High voltage LED driver module is a kind of smart circuit which converts low voltage AC to high voltage DC. It's main function is to control the flow of current from an electric power source to the light emitter and back again. The working principle behind it is very simple, in fact, it’s based on switching mechanism that creates a fluctuation in electrical energy between two points known as gate and source.
Low Voltage LED Driver Module:
Low voltage LED driver module is a kind of smart electronic device used to control and monitor the current flow in an LED. The working principle of low voltage driver modules is based on PWM (Pulse Width Modulation) technique, which allows the controlling and monitoring of high load currents with small variations in the current waveform. These modules are available in different forms such as drivers, controllers, buck regulators etc., depending upon their applications.
Application Insights:
The general lighting application segment led the market in 2017 and is projected to maintain its dominance over the forecast period. General lighting includes outdoor decorative lightings, street lights, indoor decorative lightings, backlighting for LCD TVs and monitors, etc. The growing urbanization across the globe has created a huge demand for LED based general lighting solutions.
The automotive lighting segment is expected to register a significant CAGR of XX% from 2018 to 2030 owing to increasing adoption of LEDs as an alternative solution in car headlights and other auxiliary lamps on account of their high brightness output that provides better clarity during night time driving conditions. Furthermore, with technological advancements in driver assistance systems (DAS), there is an increased need for LED drivers that provide enhanced performance while processing sensor data from cameras or radar sensors embedded within vehicles¢â‚¬â„¢ dashboard or console surfaces.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand from countries, such as China, Japan, and India. Increasing disposable income coupled with rising penetration of LED lighting in commercial sectors has been driving the regional market. Moreover, growing investments by companies for developing advanced lighting solutions will drive product demand over the forecast period.
Europe is anticipated to witness significant growth during the forecast years owing to increased adoption of energy-efficient products along with stringent government regulations regarding carbon emissions caused by light sources such as incandescent bulbs and LEDs.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Technological advancements in LED module manufacturing process
- Growing demand from emerging markets
- Favorable government policies and initiatives supporting LED adoption
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Module Market Research Report
By Type
High Voltage LED Driver Module, Low Voltage LED Driver Module, Medium Voltag LED Driver Module
By Application
General Lighting, Automotive Lighting, Backlighting
By Companies
Osram, Philips Lighting, Cree, GE Lighting, Seoul Semiconductor, Panasonic, Nichia, JF, Acuity Brands, Samsung, LG Innotek, Eaton, Toshiba, Toyoda Gosei, Opple, Yankon, Edison Opto
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global LED Module Market Report Segments:
The global LED Module market is segmented on the basis of:
Types
High Voltage LED Driver Module, Low Voltage LED Driver Module, Medium Voltag LED Driver Module
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
General Lighting, Automotive Lighting, Backlighting
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:
- Osram
- Philips Lighting
- Cree
- GE Lighting
- Seoul Semiconductor
- Panasonic
- Nichia
- JF
- Acuity Brands
- Samsung
- LG Innotek
- Eaton
- Toshiba
- Toyoda Gosei
- Opple
- Yankon
- Edison Opto
Highlights of The LED Module 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:
- High Voltage LED Driver Module
- Low Voltage LED Driver Module
- Medium Voltag LED Driver Module
- By Application:
- General Lighting
- Automotive Lighting
- Backlighting
- 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 Module 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 Module is a type of electronic component that emits light when an electric current passes through it. LEDs are often used in LED displays, indicators, and other electronic devices.
Some of the major companies in the led module market are Osram, Philips Lighting, Cree, GE Lighting, Seoul Semiconductor, Panasonic, Nichia, JF, Acuity Brands, Samsung, LG Innotek, Eaton, Toshiba, Toyoda Gosei, Opple, Yankon, Edison Opto.
The led module 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 Module 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 Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Module 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 Module 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 Module Market Size & Forecast, 2020-2028
4.5.1 LED Module Market Size and Y-o-Y Growth
4.5.2 LED Module 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 High Voltage LED Driver Module
5.2.2 Low Voltage LED Driver Module
5.2.3 Medium Voltag LED Driver Module
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 General Lighting
6.2.2 Automotive Lighting
6.2.3 Backlighting
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Module 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 Module 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 High Voltage LED Driver Module
9.6.2 Low Voltage LED Driver Module
9.6.3 Medium Voltag LED Driver Module
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 General Lighting
9.10.2 Automotive Lighting
9.10.3 Backlighting
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 High Voltage LED Driver Module
10.6.2 Low Voltage LED Driver Module
10.6.3 Medium Voltag LED Driver Module
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 General Lighting
10.10.2 Automotive Lighting
10.10.3 Backlighting
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 High Voltage LED Driver Module
11.6.2 Low Voltage LED Driver Module
11.6.3 Medium Voltag LED Driver Module
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 General Lighting
11.10.2 Automotive Lighting
11.10.3 Backlighting
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 High Voltage LED Driver Module
12.6.2 Low Voltage LED Driver Module
12.6.3 Medium Voltag LED Driver Module
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 General Lighting
12.10.2 Automotive Lighting
12.10.3 Backlighting
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 High Voltage LED Driver Module
13.6.2 Low Voltage LED Driver Module
13.6.3 Medium Voltag LED Driver Module
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 General Lighting
13.10.2 Automotive Lighting
13.10.3 Backlighting
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 Module Market: Competitive Dashboard
14.2 Global LED Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Osram
14.3.2 Philips Lighting
14.3.3 Cree
14.3.4 GE Lighting
14.3.5 Seoul Semiconductor
14.3.6 Panasonic
14.3.7 Nichia
14.3.8 JF
14.3.9 Acuity Brands
14.3.10 Samsung
14.3.11 LG Innotek
14.3.12 Eaton
14.3.13 Toshiba
14.3.14 Toyoda Gosei
14.3.15 Opple
14.3.16 Yankon
14.3.17 Edison Opto
