According to TrendForce's latest LED report, as a slowing pandemic drove the recovery of various global economic activities, global LED market value beat market expectations in 2021, reaching US$17.65 billion, or 15.4% YoY.
From the revenue ranking of LED manufacturers, most constituents benefited from the rebound in market demand and showed significant revenue growth with the top three manufacturers accounting for 29.5% of the market. Nichia's backlight LED business revenue declined due to increasing OLED penetration. However, driven by the rapid growth of revenue in the flash LED, automotive LED, and general lighting markets, overall revenue continued to grow steadily, ranking Nichia first in the world.
Exemplified by stable product quality, excellent light efficiency, and cost-effectiveness, ams OSRAM is regarded as a first choice supplier for high-end automobiles and new energy vehicles (NEV) worldwide. In addition, benefiting from orders for horticultural lighting and infrared sensing, its revenue ranks second in the world.
Samsung LED also benefited from improved sales in automotive lighting, horticultural lighting, general lighting, and Mini LED backlights, ranking third. Among these products, Samsung Lighting LEDs are positioned in the high-end market. In high-end markets such as Europe and the United States, Samsung LED’s market share is gradually expanding due to its advantages in quality and patents. It is worth mentioning that Samsung LED's horticultural lighting orders also showed rapid growth, driving its whole lighting LED business revenue to rank first in the world.
The remaining top ten LED manufacturers are rounded out by Seoul Semiconductor, Lumileds, MLS, Everlight, LITEON, Nationstar, and Hongli. Seoul Semiconductor took advantage of revenue growth from large-size backlights, automotive LEDs, and lighting LEDs. Lumileds also performed well in the fields of automotive LEDs and lighting LEDs, and continued to launch a variety of LEDs for commercial lighting, horticultural lighting, and architectural lighting to seize market share. MLS, Nationstar, and Hongli have significantly increased their revenue in the display LED and lighting LED markets. Everlight and LITEON continue to develop photocoupler, infrared sensing, and consumer electronic indicator LED products.
Looking at performance in 1H22, TrendForce indicates, despite the gradual recovery of demand in Europe and the United States, the Russian-Ukrainian war continued to drive raw material pricing upward and exacerbate inflation, in turn suppressing demand in the consumer market. In addition, due to the impact of the pandemic in China, the industrial chain in some cities has experienced interruptions and outright disruption with a scope of influence enveloping industries such as electronics and automobiles, inflicting a certain degree of collateral damage on supply and demand in the LED market. Looking forward to 2H22, it is worth observing the imminent launch of corresponding economic stimulus policies by the Chinese government. Global LED market value is forecast to maintain a growth trajectory in 2022 with a growth rate slower than growth performance in 2021.
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|LED Industry Demand and Supply Database||Demand Market Forecast:||PDF / Excel||
1Q (March) /
|2022-2026 Demand Market Forecast|
|(Backlight and Flash LED / General Lighting / Architectural Lighting / Automotive- Passenger Car & Box Truck & Scooter / Video Wall / Horticultural Lighting / UV LED / IR LED / Micro LED / Mini LED)|
|Supply Market Analysis:|
|1. LED Chip Market Value (External Sales, Total Sales)|
2. WW New GaN LED and AS/P LED MOCVD Chamber Installation Volume /
WW Accumulated GaN LED and AS/P LED MOCVD Chamber Installation
|3. GaN LED and AS/P LED Wafer Market Demand (By Region / By Wafer Size)|
|4. GaN LED and AS/P LED Market Sufficiency Analysis|
|LED Player Revenue and Capacity||LED Chip Market Analysis:||PDF / Excel||
2Q (June) /
|Top 10 LED Chip Manufacturer Revenue and Wafer Capacity|
|LED Package Market Analysis:|
|LED Package Manufacturer Revenue, LED Revenue, and Capacity|
|Top 10 LED Package Revenues in Backlight and Flash LED, Lighting, Automotive, Video Wall, UV LED|
|LED Industry Price Survey||Price Survey- Sapphire / Chip / LED Package (Backlight, Lighting, Automotive, Video Wall, UV LED, IR LED, VCSEL)||Excel||
1Q (March) /
2Q (June) /
3Q (September) /
|LED Industry Quarterly Update||Major Players Quarterly Update:||
1Q (March) /
2Q (June) /
3Q (September) / 4Q (December)
|EU / U.S- Lumileds, ams OSRAM, CREE LED (Smart Global Holdings)|
|JP- Nichia, Citizen, Stanley, ROHM|
|KR- Samsung, Seoul Semiconductor, Seoul Viosys|
|TW- Ennostar, Epileds, Everlight, LITEON, AOT, Harvatek, PlayNitride|
|CN- San’an, Changelight, HC SemiTek, Aucksun, Focus Lightings, Nationstar, Hongli, Refond, Jufei, MTC, ChangFang Lighting, MLS|
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