2021 LED package market worth $17bn

Author: EIS Release Date: Jun 15, 2022

The LED package market grew 15.4% last year to reach $17.65 billion, says TrendForce.

 

The top three manufacturers accounted 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.

 

amsOSRAM 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.

 

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.