SMD LED Market Report 2025 (Global Edition)

Global SMD LED Market Report 2025 Market Size Split by Type (Standard SMD LEDs, High-Power SMD LEDs, RGB SMD LEDs, Multi-Color SMD LEDs), by Application (General Lighting, Backlighting, Automotive Lig...

SMD LED Market Report Description

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SMD LED Market Insights Video

Competitive Landscape of the SMD LED Market

The competitive landscape of the market for SMD LED reflects a mix of established companies and new entrants in their endeavors to gain market share based on innovation and new technologies. Major firms in this market emphasize product quality, energy efficiency, and cost-effectiveness. Increasing demand from residential, commercial, and automotive sectors for energy-efficient lighting solutions drives the market in this space. Companies are investing in research and development to enhance the features of the products and increase their portfolios within the product range, and strategic partnership and collaboration are well done to strengthen one's market presence.

In January 2023, Bridgelux, Inc. also unveiled new SMD LED solutions that produce more lumens per watt, increasing energy efficiency while maintaining superb color quality. (Source: https://www.bridgelux.com/smd-products)

In May 2024, Nichia created advanced SMD LED technology that increases energy savings and product lifespan in response to the market's shift toward sustainable lighting solutions. These initiatives demonstrate the industry's commitment to supporting the growing need for energy-efficient lighting solutions. (Source: https://www.nichia.co.jp/en/newsroom/2024/2024_051501.html)

Top Companies Market Share in SMD LED Industry: (In no particular order of Rank)

• Bridgelux Inc
• EVERLIGHT
• ITW Group
• Sun Top Electronics
• Philips Lighting
• Nichia
• SAMSUNG
• EPISTAR
• Cree
• Osram
• LG Innotek
• Toyoda Gosei
• Semileds
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the SMD LED Market

Which Region Dominates the SMD LED Market in 2024?

According to Cognitive Market Research, North America is the most important region for SMD LEDs, and they hold the maximum sales worldwide. The prime reasons for dominance are strong technological infrastructure and high demand for energy-efficient lighting solutions. The region enjoys considerable investments in research and development, with constant innovation through LED technology. Energy efficiency and sustainability are pursued through government regulations, and all these factors strengthen market growth in that region

Which Region is Expanding at the Fastest CAGR?

The Asia-Pacific region is expected to be the region that will have substantial growth during the forecast period with the highest CAGR. This is attributed to rapid urbanization, increased disposable income, and higher demand for energy-efficient lighting solutions. Countries such as China, India, and Japan are also increasing spending on infrastructure and smart city initiatives, thereby deploying SMD LEDs

The current report Scope analyzes SMD LED Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America SMD LED Market Analysis

According to Cognitive Market Research, the global SMD LED market size was estimated at USD XX Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the SMD LED market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. The U.S. market's innovations in smart lighting and connected devices.
• The Canada SMD LED market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Canada’s high demand for energy-efficient lighting solutions.
• The Mexico SMD LED market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD XX million in 2024.

Europe SMD LED Market Analysis

According to Cognitive Market Research, the global SMD LED market size was estimated at USD XX Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• The United Kingdom SMD LED market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. In the UK, SMD LED sales witness an upswing due to increasing consumer awareness of energy efficiency and sustainability
• The France SMD LED market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German SMD LED market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In Germany, the SMD LED surged due to advancements in LED technology
• The Italy SMD LED market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD XX million in 2024.
• The Russia SMD LED market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD XX million in 2024.
• The Spain SMD LED market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg SMD LED market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal SMD LED market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD XX million in 2024.
• The Greece SMD LED market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Europe's SMD LED market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific SMD LED Market Analysis

According to Cognitive Market Research, the global SMD LED market size was estimated at USD XX Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.

• According to Cognitive Market Research, the China SMD LED market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. SMD LED surged in China due to the rapid industrialization and urbanization.
• The Japan SMD LED market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD XX million in 2024.
• The India SMD LED market had a market share of USD 12.96 million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. India's increasing demand for energy-efficient lighting solutions.
• The South Korean SMD LED market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD XX million in 2024.
• The Australian SMD LED market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia SMD LED market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific SMD LED market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD XX million in 2024.

South America SMD LED Market Analysis

According to Cognitive Market Research, the global SMD LED market size was estimated at USD XX Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil SMD LED market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. SMD LEDs flourished in Brazil due to strong government support through initiatives and subsidies.
• Argentina's SMD LED market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. Argentina's increasing focus on energy efficiency and sustainability
• Colombia's SMD LED market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD XX million in 2024.
• Peru's SMD LED market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD XX million in 2024.
• Chile SMD LED market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Latin America's SMD LED market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD XX million in 2024.

Middle East SMD LED Market Analysis

According to Cognitive Market Research, the global SMD LED market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031..

• The GCC Countries SMD LED market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD XX million in 2024. SMD LED sales flourish due to the presence of major market players.
• The Egypt SMD LED market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa SMD LED market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD XX million in 2024. SMD LED sales flourished in South Africa due to an increasing focus on energy efficiency and sustainability.
• The Turkey SMD LED market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria SMD LED market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the MEA SMD LED market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD XX million in 2024.

SMD LED Market Analysis

SMD LED Market Type Segment Analysis

According to Cognitive Market Research, the standard SMD LEDs are the largest market of SMD LEDs, because they have dominated the lighting of homes, offices, and industries. They are very popular on both sides- with the end-users and manufacturers, as they provide a lower price, efficiency, and usage

The growth rate for RGB SMD LEDs was the highest in this market. This was due to increased colorful and dynamic lighting solutions in entertainment, advertising, and decorative lighting applications. Due to their ability to produce a wide range of colors and effects, making them the most viable option for creative and innovative lighting designs, RGB SMD LEDs were the fastest in any market

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of SMD LED Industry. Request a Free Sample PDF!

SMD LED Market Application Segment Analysis

According to Cognitive Market Research, the biggest segment dominating the entire market considered was the SMD LED General Lighting Market. This is because energy-efficient solutions in lighting are globally adopted in residential, commercial, and industrial segments. As consumers and businesses continue to thrive and save more energy and sustain more, general lighting remains a key area for the usage of SMD LEDs.

The Automotive Lighting segment is growing at a rapid pace. This is owing to increased lighting requirements in vehicles as regards advanced LED headlamps, tail lamps, and interior lighting. The increased uptake of electric vehicles along with the integration of smart lighting systems into the design of cars makes it one of the most rapidly expanding parts of the SMD LED market.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

SMD LED End-use industry Segment Analysis

SMD LED Market End-use Industry Segment Analysis

According to Cognitive Market Research, the Consumer Electronics segment leads the SMD LED market. This is because the majority of SMD LEDs are used in consumer electronics products like televisions, smartphones, and computer screens. They have dominated such applications because of their small size, energy efficiency, and quality of display.

Healthcare is experiencing rapid growth. SMD LEDs are increasingly being adopted in medical lighting, surgical lights, and diagnostic equipment due to the requirement of healthcare facilities for efficient and reliable lighting solutions. Improvements in color rendition and reductions in eye strain from advancements in LED technology spur growth in this segment which is a massive expansion opportunity for the SMD LED market.

• Consumer Electronics
• Automotive
• Telecommunications
• Healthcare
• Retail and Hospitality

SMD LED Color Segment Analysis

SMD LED Market Color Segment Analysis

According to Cognitive Market Research, White SMD LEDs are the commanding segment in the market of SMD LEDs. As white LEDs are almost used throughout for general lighting, backlighting for any display, and in automotive lighting, high utilization of these is recognized for versatility in energy efficiency, which makes most choices in lighting solutions depend on it.

The Colored SMD LEDs segment is growing at a great rate. Decorative lighting, signage, and entertainment increase the demand for colored LEDs. As industries continue to seek bright and dynamic lighting experiences, colored SMD LEDs are getting popular, creating a huge market growth for them at a rapid rate.

• White SMD LEDs
• Colored SMD LEDs

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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