**LED Lighting Module Technology, Industry and Market Trends 2017**
For the purchase of this report, please contact: Mams Consulting Wang Hao, Tel: +86-XXX-XXXX-XXXX, Email: wangyi@memsconsulting.com. After being widely adopted in general lighting applications, LED module manufacturers are now seeking new opportunities with higher profit margins.
Driven by the growth of medium-power LED modules, the market size for LED lighting modules is expected to triple over the next five years. This growth is supported by the ease of integration offered by manufacturers, as well as the increasing adoption of LED technology in general lighting. As a result, the compound annual growth rate (CAGR) of the LED lighting module market is projected to reach 22.6% from 2017 to 2022. Medium-power LEDs are versatile and can be used across a wide range of applications. In 2016, they contributed 60% of the total market revenue and will continue to be the key driver of growth. On the other hand, high-power LEDs are mainly used in specialized applications requiring high luminous flux, limiting their market share to just 7% of total revenue.
The Chip-on-Board (COB) LED module has become a popular choice due to its excellent balance between size, light emitting surface (LES), luminous flux, and power consumption. This makes COB modules ideal for a variety of applications, leading the market in terms of shipments. However, because of their simpler manufacturing process, COB modules typically have lower average selling prices, resulting in only 20% of the total market revenue.
Flexible LED strips are another growing segment, often used directly as lighting systems in indirect lighting applications. These modules are easy to integrate into both residential and commercial lighting setups. Recent advancements, such as the use of bare LED chips on flexible substrates, have improved energy efficiency and opened up new possibilities like linear lighting. According to Yole, the market for LED lighting modules, including flexible strips, reached nearly $4 billion in 2016 and is expected to grow to $13.8 billion by 2022.
This report provides an in-depth analysis of each type of LED module, covering technology, trends, and market size. It also offers an industry overview of the entire LED module market and explores its potential applications in general lighting.
In addition to LED modules, related components such as secondary optics, printed circuit boards (PCBs), thermal interface materials (TIMs), heat sinks, and power supplies play a crucial role in the performance and reliability of LED lighting systems. Secondary optical components, such as collimators and reflectors, are used to optimize light output and enhance product aesthetics. The market for these components reached $900 million in 2016 and is expected to grow to $4.3 billion by 2022.
PCBs are essential for the performance and reliability of LED modules, especially for thermal management. COB modules, which require high-performance PCBs like Metal Core PCBs (MCPCBs) or ceramic PCBs, are smaller in size, so the PCB market is still dominated by medium-power LED modules that use lower-cost FR4 materials. By 2022, the overall market for LED module PCBs is expected to reach $3.2 billion.
Other components like TIMs and heat sinks are also important but contribute relatively smaller revenues.
As the general lighting market becomes increasingly competitive, LED module manufacturers are looking for new growth opportunities. They are expanding into niche areas such as horticultural lighting, automotive lighting, and intelligent lighting. Some are even exploring applications in the infrared (IR) and ultraviolet (UV) spectrum. These emerging markets offer higher profit margins and require advanced technical capabilities. Companies like Everlight have already started transitioning from traditional light sources to COB technology, aiming to enter the automotive lighting sector.
In UV and IR applications, thermal management is critical to ensure optimal performance. This report examines the next wave of growth drivers in the LED module market, analyzing key target applications and outlining future industry developments.
The LED module industry includes a wide range of companies such as Acclaim Lighting, American Bright LED, APT, BAG, BJB, Bridgelux, Brightview Electronic, Cambridge Nanotherm, Carclo, CETC Huaying Electronics, Citizen, Cree, CTL, Edison, Edlan Lighting Technology, Elemental LED, Epitex, Everlight, Flexfire LED, Fusion Optix, Futuro Lighting, Gaggione, GE Lighting, Harvard, Harvatek, Heatron, Helio, Helvar, Honglitronic, Hueyjann, Hugewin, HuiYuan, Itswell, KKDC, Kodenshi, LED Linear, LED Waves, Ledil, Ledman, Ledtech, LEDtronics, Ledxon, Lextar, LG, Lighten Corp, Lightspot, Lucent Lighting, Lumens, Lumichip, Lumileds, Lumimodule, Luminus Devices, Lustrous Technology, LWF, Molex, Neonica Polska, Nichia, NVC Lighting Technology, OML Technology, Opple, Optogan, Osram, ParagonLED, Philips Lighting, Powerlightec, Prolight, Rishang Optoelectronics, Samsung, Seoul Semiconductor, Shanghai Toplight Tech, Sharp, Shenzen Lingbenyang Industry, Shenzen Rebow Industrial, Sh Enzhen Refond, Smart Systems Controls, Sunpu-Opto, TCI, TCL Lighting, Thomas Research Product, Toyoda Gosei, Universal LED Solution, Universal Lighting Technology, Vishay, Vossloh-Schwabe, Wen Run Optoelectronics, Wooree LED, Xicato, Yi Ji Xi Guang, and many more.
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