Global LED Components Sales Market Report 2021

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 was valued at US$ 10900 in 2020 and will reach US$ 14110 million by the end of 2027, growing at a CAGR of 4.4% during 2022-2027.

Global LED Components Scope and Market Size
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 sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Miniature LED
High-Power LED
AC-Driven LED

Segment by Application
Indicators and Signs
Lighting
Data Communication

The LED Components market is analysed and market size information is provided by regions (countries). Segment by Application, the LED Components market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
Everlight Electronics
Epistar
Huga Opotech
Lite-On Optoelectronics
Techcore
Kingbright
Lextar Electronics
Taiwan Semiconductor Manufacturing
Opto Tech