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High Brightness LED Market Share

Report ID: GMI401
Published Date: Mar 2024
Report Format: PDF

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High Brightness LED Market Share

LG Innotek Co Ltd. and Eaton Corporation held a significant share of the high brightness LED industry in 2023 LG Innotek Co Ltd operates in creating, manufacturing, and selling excellent LED items. The firm has a variety of high brightness LEDs for diverse applications such as auto illumination, displays, general illumination and consumer electronics. Leveraging on state-of-the-art technology and manufacturing capabilities LG Innotek develops high brightness LED solutions that are known for their brightness, energy efficiency and reliability.

Eaton Corporation is a key player in the high brightness LED industry offering advanced lighting solutions for different applications. These include fixtures, drivers, controls, and components.

High Brightness LED Market Companies

Major players operating in the market are:

LG Innotek Co Ltd
Eaton Corporation
Everlight Electronics Co., Ltd.
TOYODA GOSEI
Intematix Corporation
Broadcom Ltd.
Kingbright Electronic Co, Ltd.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

High brightness LED market was valued at over USD 33.1 billion in 2023 and is estimated to register a CAGR of over 9% between 2024 & 2032, due to the growing demand for efficient lighting systems.

The general lighting segment held a major market share of over 33% in 2023, driven by popularity of energy-saving LED bulbs that have taken over from traditional incandescent and fluorescent lamps.

North America market accounted for a revenue share of over 38% in 2024 and will show notable growth trends through 2032, in response to the escalating energy costs and ecological concerns.

LG Innotek Co Ltd, Eaton Corporation, Everlight Electronics Co., Ltd., TOYODA GOSEI, Intematix Corporation, Broadcom Ltd., and Kingbright Electronic Co, Ltd. are the key industry players.