How big is the LED Chips Market?

The LED Chips Market size is expected to reach USD 27.86 billion in 2024 and grow at a CAGR of 11.90% to reach USD 52.46 billion by 2029. Read More

What is the current LED Chips Market size?

In 2024, the LED Chips Market size is expected to reach USD 27.86 billion. Read More

Who are the key players in LED Chips Market?

OSRAM Opto Semiconductors GmbH, Nichia Corporation, Epistar Corporation, SemiLEDS and Lumileds Holding B.V. are the major companies operating in the LED Chips Market. Read More

Which is the fastest growing region in LED Chips Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in LED Chips Market?

In 2024, the Asia-Pacific accounts for the largest market share in LED Chips Market. Read More

What years does this LED Chips Market cover, and what was the market size in 2023?

In 2023, the LED Chips Market size was estimated at USD 24.54 billion. The report covers the LED Chips Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the LED Chips Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

LED Chips Market - Manufacturers, Report & Share

LED Chips Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Top LEDD Chip Manufacturers and It is Segmented by Application (Backlighting, Illumination, Automotive, Signs, and Signal) and Geography (North America, Europe, Asia Pacific, Latin America, MEA). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

LED Chips Industry Overview

The LED chips market is moderately competitive and consists of several leading players. Regarding market share, only some significant players hold a significant market presence. The manufacturers focus on product differentiation to gain a competitive advantage. The manufacturers also try to show their products superior quality to achieve higher sales. Some key market players include OSRAM Opto Semiconductors GmbH, Nichia Corporation, Lumileds Holding B.V., etc.

In July 2023, Nichia, a leading high-brightness blue and white LED producer, launched the E11A (1.1mm×1.1mm) Red, brilliant red, and green to expand its Direct Mountable Chip portfolio of high luminous flux density solutions. The company expects this expansion of the color portfolio to provide flexibility for the fixture designs and expand the application area.

In July 2023, ROHM, a leading semiconductor company, developed an RGB chip LED, SMLVN6RGBFU, ideal for automotive interiors, such as accent lighting for footwells and door handles, and function and status indicators in instrument clusters.