A light-emitting diode (LED) is a two-lead semiconductor light source. It is a p–n junction diode that emits light when activated. When a suitable current is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons. This effect is called electroluminescence, and the colour of the light (corresponding to the energy of the photon) is determined by the energy band gap of the semiconductor. LEDs are typically small (less than 1 mm2) and integrated optical components may be used to shape the radiation pattern.
LED uses fall into three major categories which are Indicators and signs, Data communication and signaling, and Lighting. The low energy consumption, low maintenance and small size of LEDs has led to uses as status indicators and displays on a variety of equipment and installations. Large-area LED displays are used as stadium displays, dynamic decorative displays, and dynamic message signs on freeways. Thin, lightweight message displays are used at airports and railway stations, and as destination displays for trains, buses, trams, and ferries. With the development of high-efficiency and high-power LEDs, it has become possible to use LEDs in lighting and illumination. LEDs are used as street lights and in other architectural lighting. The mechanical robustness and long lifetime are used in automotive lighting on cars, motorcycles, and bicycle lights. Light can be used to transmit data and analog signals. For example, lighting white LEDs can be used in systems assisting people to navigate in closed spaces while searching necessary rooms or objects.

Market Analysis and Insights: Global LED Components Market
The global LED Components market size is projected to reach US$ 13520 million by 2026, from US$ 12410 million in 2020, at a CAGR of 1.4% during 2021-2026.
Global LED Components Scope and Segment
The global LED Components market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global LED Components market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.

Segment by Type, the LED Components market is segmented into
Miniature LED
High-Power LED
AC-Driven LED

Segment by Application, the LED Components market is segmented into
Indicators and signs
Lighting
Data communication and signalling

LED Components market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in LED Components business, the date to enter into the LED Components market, LED Components product introduction, recent developments, etc.
The major vendors covered:
Everlight Electronics
Epistar
Huga Opotech
Lite-On Optoelectronics
Techcore
Kingbright
Lextar Electronics
Taiwan Semiconductor Manufacturing
Opto Tech

Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise LED Components markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global LED Components market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.