High Brightness LED Market Size 2023-2032

The global High Brightness LED market was valued at US$ 17750 million in 2022 and is projected to reach US$ 22110 million by 2029, at a CAGR of 3.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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One HBLED definition is that it is a light emitting diode that produces over 50 lumens (1 candela = 12.75 lumens). High-Brightness LEDs are any of a new generation of LEDs bright enough for illumination applications such as automotive interior, exterior, and display; room and architectural illumination; task and general lighting; projection display; display backlights; and signage.

High Brightness LEDs, or HB LEDs, are a type of light-emitting diode that emits significantly brighter and more intense light than standard LEDs. These LEDs are designed to produce a high level of luminosity, making them suitable for various applications where intense, focused illumination is required. They are widely used in lighting, displays, indicators, automotive headlights, signage, and other applications that demand superior brightness and energy efficiency. High Brightness LEDs are available in various colors and are known for their durability, energy efficiency, and long operational life. They have revolutionized the lighting industry by providing efficient and long-lasting illumination solutions.

Total Market by Segment:

Global High Brightness LED Market, by Product Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)

Global High Brightness LED Market Segment Percentages, by Product Type, 2022 (%)

• Standard High Brightness LEDs

• Ultrahigh Brightness LEDs

Further, the report presents profiles of competitors in the market, key players include:

• Cree

• GE Lighting

• LG Innotek

• Lumileds

• Nichia

• OSRAM

• Samsung Electronics

• Seoul Semiconductor

• Eaton Corporation

• Intematix Corporation

• Nichia Corporation

• Everlight Electronics Co., Ltd.

• International Light Technologies

• Broadcom Ltd.

• TOYODA GOSEI

• Kingbright Electronic Co, Ltd

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