Lighting, Power & Electronic Products

Light-Emitting Diodes (LEDs): Market Size, Growth & Forecast to 2030

The Light-Emitting Diodes (LEDs) market is valued at about $75.2 billion (2026) and is projected to grow at a 6.8% CAGR through 2030. The largest cost driver is Semiconductor wafers and substrates (35% of spend). Asia Pacific leads demand at 50%.

Market size
$75.2 bn (2026)
CAGR to 2030
+6.8%
Buyer power
Favours buyers
Tracked suppliers
45

Projected market growth to 2030

Market size index, 2026 = 100, at the 6.8% CAGR.

1391261131001002026106.82027114.12028121.82029130.12030138.92031

Cost structure

Semiconductor wafers and substrates
35%
Phosphors and packaging materials
25%
Direct assembly labor and cleanroom overhead
20%
Energy and manufacturing utilities
12%
Inbound and outbound logistics
8%

Regional demand split

Asia Pacific demand
50%
North America demand
22%
Europe demand
18%
Rest of world demand
10%

Key suppliers

Nichia Corporationams OSRAM AGMLS Co. Ltd.Lumileds Holding BVCree LEDSeoul Semiconductor Co. Ltd.
Read the full Light-Emitting Diodes (LEDs) report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/light-emitting-diodes-leds