Packaged GaN LED Market Trends and Forecast
The future of the global packaged GaN LED market looks promising with opportunities in the cellphone, TV, general lighting, and digital signage markets. The global packaged GaN LED market is expected to grow with a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are growing need for energy-efficient lighting solutions, advancements in display technologies, and continuous advancements in GaN epitaxy, chip design, packaging techniques, and manufacturing processes.
• Lucintel forecasts that blue light is expected to witness the highest growth over the forecast period.
• Within this market, cellphone is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States:
Cree, Inc. has announced plans to expand its GaN LED production capacity by 25% by 2025 to meet growing demand in automotive and general lighting sectors. The U.S. government is also supporting advancements through grants and partnerships aimed at enhancing energy-efficient lighting technologies.
China:
SanÄX%$%Xan Optoelectronics has increased its GaN LED production facilities in Xiamen, targeting a 30% boost in output by 2026. The Chinese government continues to invest heavily in semiconductor technology, providing subsidies and incentives to local companies to become global leaders in the LED market.
Japan:
Nichia Corporation has launched a new range of high-efficiency GaN LEDs aimed at the automotive and consumer electronics industries. The Japanese government supports these initiatives through the "Green Growth Strategy," which includes funding for innovative LED technologies to reduce carbon emissions.
Germany:
Osram Opto Semiconductors announced a partnership with several automotive giants to develop next-generation GaN LEDs for vehicle lighting systems, aiming for mass production by 2025. The German government has introduced policies to support energy-efficient technologies, including substantial research grants for LED innovations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Packaged GaN LED by Segment
The study includes a forecast for the global packaged GaN LED by type, application, and region.
Packaged GaN LED Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Blue Light
• Green Light
• White Light
Packaged GaN LED Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Cellphone
• TV
• General Lighting
• Digital Signage
• Others
Packaged GaN LED Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Packaged GaN LED Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies packaged GaN LED companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaged GaN LED companies profiled in this report include-
• Epistar
• Osram Opto Semiconductors
• Samsung
• De Core Nanosemiconductors
• LG Innotek
• Nichia
• Philips Lumileds
Recent Development in the Packaged GaN LED Market
Cree, Inc.: Cree announced the expansion of its GaN-based LED product line, introducing high-performance chips that offer improved brightness and efficiency, targeting applications in automotive lighting and general illumination.
Osram Opto Semiconductors: Osram introduced a new series of GaN-based LEDs specifically designed for horticultural lighting, which promises enhanced growth rates for plants by optimizing light spectra.
Nichia Corporation: Nichia launched its advanced GaN-on-GaN LED technology, which provides superior light output and durability, aimed at high-demand sectors such as industrial lighting and outdoor applications.
Philips Lumileds: Philips Lumileds invested in the development of a new GaN LED module that focuses on reducing thermal resistance, thereby improving the overall efficiency and lifespan of LED products in commercial and residential lighting.
Samsung Electronics: Samsung announced the integration of GaN LEDs in their next-generation displays, enhancing brightness and color accuracy for high-end consumer electronics, including smartphones and televisions.
Features of the Global Packaged GaN LED Market
Market Size Estimates: Packaged GaN LED market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Packaged GaN LED market size by type, application, and region in terms of value ($B).
Regional Analysis: Packaged GaN LED market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the packaged GaN LED market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaged GaN LED market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for packaged GaN LED market?
Answer: The global packaged GaN LED market is expected to grow with a CAGR of 8.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the packaged GaN LED market?
Answer: The major drivers for this market are growing need for energy-efficient lighting solutions, advancements in display technologies, and continuous advancements in GaN epitaxy, chip design, packaging techniques, and manufacturing processes.
Q3. What are the major segments for packaged GaN LED market?
Answer: The future of the global packaged GaN LED market looks promising with opportunities in the cellphone, TV, general lighting, and digital signage markets.
Q4. Who are the key packaged GaN LED market companies?
Answer: Some of the key packaged GaN LED companies are as follows:
• Epistar
• Osram Opto Semiconductors
• Samsung
• De Core Nanosemiconductors
• LG Innotek
• Nichia
• Philips Lumileds
Q5. Which packaged GaN LED market segment will be the largest in future?
Answer: Lucintel forecasts that blue light is expected to witness the highest growth over the forecast period.
Q6. In packaged GaN LED market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the packaged GaN LED market by type (blue light, green light, and white light), application (cellphone, TV, general lighting, digital signage, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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