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LED Chip Market Share

  • Report ID: GMI11073
  • Published Date: Aug 2024
  • Report Format: PDF

LED Chip Market Share

Samsung Electronics Co. Ltd and LG Electronics are leading figures in the LED chip industry, leveraging their technological expertise to drive innovation. Samsung is at the forefront of developing high-performance LED solutions for diverse applications, including general lighting, displays, and automotive sectors, with significant advancements in micro-LED technology. LG Electronics excels in OLED technology, which enhances residential and commercial lighting and display quality. Both companies utilize their extensive R&D resources and global reach to push the boundaries of LED technology and meet evolving market demands.
 

Nichia Corporation and Cree Inc. are influential in the LED sector, known for their contributions to LED efficiency and innovation. Nichia, a Japanese pioneer, is renowned for its advancements in blue LED technology and phosphor conversion, shaping the industry’s direction. Cree, based in the U.S., is notable for its high-performance LED chips and its innovations in SiC technology, which improve LED durability. Osram Opto Semiconductors GmbH and Lumileds Holding B.V. also play critical roles with their high-quality, reliable LED solutions. Osram focuses on a broad range of applications, while Lumileds is recognized for its superior color accuracy and efficiency in various lighting solutions, driving ongoing growth and innovation in the market.
 

LED Chip Market Companies

Major players operating in the LED chip industry are:

  • Samsung Electronics Co. Ltd
  • LG Electronics
  • Nichia Corporation
  • Cree Inc.
  • Osram Opto Semiconductors GmbH
  • Lumileds Holding B.V.
  • Epistar Corporation
Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of LED chip reached USD 27.37 billion in 2023 and is set to register over 12.7% CAGR during 2024-2032, due to technological advancements.

The inorganic LED segment held over 74% share in 2023, owing to their high brightness and efficiency.

Asia Pacific market accounted for 41% share in 2023, driven by rapid industrialization, urbanization, and rising consumer demand for energy-efficient lighting.

Samsung Electronics Co. Ltd, LG Electronics, Nichia Corporation, Cree Inc., Osram Opto Semiconductors GmbH, Lumileds Holding B.V., and Epistar Corporation.

LED Chip Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 360
  • Countries covered: 21
  • Pages: 250
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