The global High power LED market has been experiencing a considerable transition in its business dynamics. Various characteristics of high power LEDs, such as long life, compact size, less consumption of power, and high brightness, are boosting the demand for these LEDs across the world.

This research report presents an in-depth analysis of the global High power LED market, taking the key trends, market segmentation, and its future prospects in consideration. It also offers a deep insight into the market dynamics, in order to understand the status of the worldwide High power LED market over the period of 2019 – 2027.

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Global High Power LED Market: Notable Developments

The global High power LED market displays a highly competitive and fragmented business landscape. Cree, Samsung, OSRAM, Lumileds, LG Innotek, MLS, and Seoul Semiconductor are leading this market. These players are putting in considerable efforts in innovation and product development to compete with each other. Moving forward, they will be involved more in strategic partnerships with smaller players to strengthen their position in the global high power LED market in the years to come. They are also looking forward to expand their bases across developing countries in the near future.

Let’s have look at notables developments happened in this market in the recent past:

• Recently, Lumileds made an announcement relating to the novel additions to its LUXEON CoB LED product line, specially to the LUXEON CoB range and the LUXEON CoB Core range. The company is focusing on expanding its portfolio to strengthen its market presence. Previously, Lumileds, in partnership with Melexis, achieved a breakthrough in the operation of high power infrared LEDs. A team of researchers from Melexis and Lumileds demonstrated an operation of LUXEON IR LEDs of up to 40MHz. This development in the high-frequency operation of LUXEON IR expands the range of application of LEDs, which were previously limited by eye-safety or cost constraints.