LED modules can be used in lighting and backlighting— the global market is growing rapidly.
2022-03-21
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LED modules are manufactured by properly arranging and encapsulating LEDs according to established guidelines. They offer advantages such as compact size, low power consumption, excellent color rendering, flicker-free operation, zero radiation emissions, and an exceptionally long service life. These modules are widely used in lighting, backlighting, and other applications. Given their diverse range of uses, LED module products vary significantly in both design and performance characteristics. Budget-friendly models typically consist of LED circuit boards and housings, while more advanced versions feature enhanced components to improve and stabilize the overall performance of the LED modules.
In the early years, due to technical limitations, LED modules were primarily used in applications where high brightness and color reproduction weren’t required—such as lighting for household appliances, display screens, instrument panels, and more. However, with the continuous advancement of technology, the brightness and color richness of LED modules have steadily improved, gradually expanding their applications to areas like residential lighting, industrial lighting, landscape lighting, traffic signal lighting, automotive lighting, advertising billboards, liquid crystal displays, backlighting, and beyond. As a result, the market size has grown rapidly.
From the perspective of LED lighting devices, since LED modules offer advantages in brightness, color accuracy, moisture resistance, corrosion resistance, longevity, and environmental adaptability, LED lighting has become widely adopted in residential, industrial, urban, landscape, automotive lighting, and other applications—rapidly displacing the market share previously held by traditional incandescent and fluorescent lamps and establishing itself as the dominant product type. In my country, for instance, the market penetration rate of LED lighting was only 3% in 2012, but by 2020 it had surged to approximately 80%, creating significant growth opportunities for the LED module industry.
According to the "2021-2025 In-depth Market Research Report and Industry Investment Strategy for LED Module Markets," published by the Xinsijie Industry Research Center, the global LED module market—specifically within the LED lighting sector—will experience rapid growth from 2015 to 2020, with a compound annual growth rate of 26.9%. By 2020, the global LED module market had reached approximately USD 10.4 billion. As the penetration rate of LED lighting continues to rise, the growth rate of global demand for LED modules is expected to slow down over the next five years; however, the market will still maintain its overall upward trajectory.
Globally, manufacturers of LED modules include Osram, Philips, Cree, General Electric, Phoenix, Toyoda Gosei, Seoul Semiconductor, Panasonic, TPV, Soric, Samsung, Toshiba, Liqing, Hualing Optoelectronics, Adafruit Industries, LG, and others. Among these, companies like Cree, Phoenix, Osram, Toyoda Gosei, Liqing, and others have production facilities dedicated to automotive LED modules, while Adafruit Industries, TPV, Philips, Soric, Hualing Optoelectronics, and others specialize in LED backlight modules.
Industry analysts from Xinsijie stated that LED modules boast outstanding comprehensive performance and are widely used in lighting, backlighting, and other applications. In the lighting sector, LED lighting is gradually replacing traditional illumination, with market penetration continuing to rise; meanwhile, in the backlighting segment, adoption rates in smartphones, tablets, and laptops keep growing. These two key areas have created significant market opportunities for the LED module industry. Since 2015, the global LED module market has been expanding rapidly, and it is expected to maintain a strong upward trend over the next five years, showcasing robust growth prospects for the industry.
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