In 2022, the market for LED modules and light engines is anticipated to be worth US$ 39,876.4 Million. Due to their wide range of applications, from the industrial to residential sectors, LED modules and light engines as a market have gained traction recently.
Devices with LEDs on printed circuit boards and driver ICs are referred to as LED modules and Light Engines, respectively. The total demand for LED Modules and Light Engines is anticipated to reach around US$ 115,729.3 Million by 2032, growing at a CAGR of 11.2% between 2022 and 2032. Sales increased significantly between 2016 and 2021, registering a CAGR of 10.2%.
The LED Modules and Light Engines Market refers to the market for lighting solutions that use Light Emitting Diodes (LEDs) as a source of light. LED modules and light engines are used in a variety of lighting applications such as residential, commercial, and industrial lighting, as well as in outdoor lighting for public spaces and street lighting.
The market for LED modules and light engines is driven by the increasing demand for energy-efficient lighting solutions that offer better quality of light and longer lifetimes compared to traditional lighting technologies such as incandescent and fluorescent bulbs. LED modules and light engines are also more versatile and can be used in a wider range of lighting applications, from task lighting to mood lighting and architectural lighting.
LED modules and light engines consist of multiple LEDs arranged on a printed circuit board (PCB) or a substrate, along with driver electronics and optics such as lenses and reflectors. These components are designed to work together to provide a uniform and efficient light output.
Who are the Leading Players in the LED Modules and Light Engines Market?
Prominent players in the LED Modules and Light Engines market are Philips Lumileds, Cree, Osram Opto, GE, Everlight, Nichia, Sharp, Toyoda Gosei, Samsung LED, Seoul Semiconductor, LG Innotek, and various other regional manufacturers.
- In October 2021, LUXTECH rolled out Fingerboard – a family of four versatile area LED modules. By pushing the latest lighting technology and manufacturing exceptionally-built modules with the utmost customer care, LUXTECH believes that they can elevate illumination to foster a better world. The constant current static white (CC Batwing) module is even integrated with wide angle batwing optics to minimize the required diffuser depth. I
Key Segments Covered in the LED Modules and Light Engines Industry Analysis
By Application:
- LED Modules and Light Engines for Commercial Applications
- LED Modules and Light Engines for Residential Applications
- LED Modules and Light Engines for Industrial Applications
By Form Factor:
- LED Modules and Engines for Downlights
- LED Modules and Engines for Troffers
- LED Modules and Engines for High Bays and Street Lights
By Region:
- North America LED Modules and Light Engines Market
- Latin America LED Modules and Light Engines Market
- Europe LED Modules and Light Engines Market
- Asia Pacific LED Modules and Light Engines Market
- Middle East & Africa LED Modules and Light Engines Market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
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