High Power Light Emitting Diode Market
High Power Light Emitting Diode Market Scope: Industry Analysis, Market Size, Growth, Trends Till
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High Power Light Emitting Diode Market Size and Growth
The High Power Light Emitting Diode (LED) market is experiencing robust growth, driven by increasing demand in various applications, including lighting, automotive, and displays. As of 2023, the market size is estimated at approximately $10 billion, with a projected annual growth rate of over 10% over the next five years.
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Companies Covered
(Covid 19 Impact Covered)
◍ Thorlabs
◍ Marubeni America Corporation
◍ IBSG
◍ SAMSUNG
◍ Mitsubishi Electric
◍ AP Technologies
The High Power Light Emitting Diode market features key players like Thorlabs, Marubeni America Corporation, IBSG, SAMSUNG, Mitsubishi Electric, and AP Technologies. These companies drive market growth through innovations, diverse applications, and strategic partnerships. Their sales revenues contribute significantly, with Samsung reported at $200 billion and Mitsubishi Electric around $38 billion.
Market Segmentation
By Application
Aerospace and Defense
Consumer Electronics
Automotive ◍ Medical
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By Product
0.7-1.8um
1.8-2.7um
2.7-4.7um
Market Growth
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$ 1.70 Billion
