Packaged LED Industry - Regional Synopsis
North America industry is estimated to hold largest revenue share by 2037, impelled by increasing adoption of virtualization technology by businesses in the region, as well as the rising server virtualization in businesses. According to the U. S. Department of Energy, Office of Energy Efficiency and Renewable Energy statistics, approximately 2,325 million LED product installations were recorded in various applications, uplifting LED penetration to 30% of all general illumination lighting in the United States from 2016 to 2018.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of packaged LED is estimated at USD 9.19 billion.
Packaged LED Market size was over USD 8.68 billion in 2024 and is anticipated to cross USD 20.66 billion by 2037, witnessing more than 6.9% CAGR during the forecast period i.e., between 2025-2037.
North America industry is estimated to hold largest revenue share by 2037, impelled by increasing adoption of virtualization technology by businesses in the region, as well as the rising server virtualization in businesses.
The major players in the market are Citizen Electronics Co. Ltd., Smart Global Holdings, Inc., Everlight Americas Inc., LG INNOTEK, Merck KGaA, Lumileds Holding B.V., Nichia Corporation, OSRAM GmbH, and others.
