The global LED (Light Emitting Diode) market continues to evolve in 2024, with significant growth driven by key buyers around the world. The rise in demand for energy-efficient lighting, advanced displays, and other LED applications has led to a surge in trade volume, with global LED purchases reaching $11.45 billion USD in 2024. According to Tendata's latest data, the total weight of LED imports has surpassed 4.3 million tons, with over 3.4 million trades conducted across various regions. In this blog, we will be discussing global LED buyers. Also, whether you are looking for information on countries that import LEDs, global LED importers, or top destinations for global LED imports, contact us through Tendata for better import data.

LED Market Statistics

In 2024, the global LED market reached a remarkable total transaction value of $11,449,558,923.84 USD, with 132.1 billion units of LED products traded globally. The total weight of these imports amounted to 4,300,965,487.15 kg, demonstrating the massive scale of LED adoption worldwide.

The weight unit price for LEDs stood at $2.6621 USD per kilogram, while the quantity unit price was $0.0867 USD per unit, highlighting the cost-efficiency of LED technology compared to traditional lighting solutions.

Top Global LED Buyers in 2024

In 2024, the largest global LED buyer was CÔNG TY TNHH ĐIỆN TỬ THÔNG MINH TCL VIỆT NAM, a prominent player in the electronics sector, which accounted for 4.85% of the global market with purchases totaling $555.72 million USD. TCL's position at the top reflects the growing demand for LED technology in consumer electronics, including televisions and smart devices.

Following closely is DIXON TECHNOLOGIES INDIA PVT LTD, a major player in the Indian electronics industry, which secured the second spot with purchases totaling $489.47 million USD, or 4.27% of the global market share. Dixon Technologies is a significant supplier of LED solutions for mobile phones, home appliances, and automotive sectors in India, where the demand for LED lighting and displays continues to rise.

TTE ELECTRONICS INDIA PRIVATE LIMITED and SAMSUNG INDIA ELECTRONICS PVT LTD both occupy third place, each with a share of 2.53% and spending of $289.33 million USD and $289.12 million USD, respectively. Both companies are prominent in the electronics and consumer goods sectors, contributing significantly to India's LED consumption, particularly in television production and industrial applications.

WINSHARP ELECTRONICS PRIVATE LIMITED, a key player in the Indian electronics market, follows with a 1.95% market share, spending $222.81 million USD on LED imports in 2024. Their focus on high-efficiency lighting and consumer electronics has made them a leading buyer in the market.

Other notable buyers in the global LED market include CÔNG TY TNHH SEOUL SEMICONDUCTOR VINA with $111.04 million USD, VEIRA ELECTRONICS PRIVATE LIMITED at $107.58 million USD, and CÔNG TY TNHH ĐIỆN TỬ SAMSUNG HCMC CE COMPLEX CHI NHÁNH THÀNH PHỐ HỒ CHÍ MINH at $107.39 million USD. These companies have expanded their presence in the LED market by integrating LED technology into a variety of consumer electronics and lighting products.

CÔNG TY TNHH INZI VINA and L G ELECTRONICS INDIA PRIVATE LIMITED also make significant contributions to global LED purchases, with expenditures of $100.56 million USD and $99.03 million USD, respectively. These companies have developed a strong presence in the Asian LED market, particularly in sectors such as automotive, lighting, and home electronics.

Above we have mentioned the top global LED importers. In addition to this, many other importers play a vital role in global LED imports from all over the world. Also, explore our LED import data at Tendata to get a complete list of all the active LED importers across the globe and overseas.

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Key Insights and Trends in the Global LED Market

1. Southeast Asia's Leading Role

Countries like Vietnam and India are emerging as key hubs for LED imports, driven by the expanding electronics and manufacturing sectors. CÔNG TY TNHH ĐIỆN TỬ THÔNG MINH TCL VIỆT NAM and DIXON TECHNOLOGIES INDIA PVT LTD are prime examples of how Southeast Asia is increasingly becoming a dominant region for LED consumption, driven by demand for both consumer electronics and energy-efficient lighting.

2. Rising Demand for LED Displays

The demand for LED displays, particularly in televisions and mobile devices, continues to rise in emerging markets like India and Vietnam. Companies such as SAMSUNG INDIA ELECTRONICS PVT LTD and TTE ELECTRONICS INDIA PRIVATE LIMITED are leading the charge, integrating LED technology into a wide range of devices, from smartphones to large-screen televisions.

3. Increasing Focus on Energy-Efficient Lighting

As part of global sustainability initiatives, there has been a growing push towards energy-efficient lighting solutions, particularly in urban areas. This trend is evident in the demand from companies like WINSHARP ELECTRONICS PRIVATE LIMITED and CÔNG TY TNHH SEOUL SEMICONDUCTOR VINA, which focus on producing LED solutions for commercial and residential lighting applications.

4. Technological Advancements and Innovation

With advancements in LED technology, including better color accuracy, improved brightness, and energy efficiency, global buyers are increasingly investing in high-end LED products. Companies like VEIRA ELECTRONICS PRIVATE LIMITED and CÔNG TY TNHH ĐIỆN TỬ SAMSUNG HCMC CE COMPLEX are leading the charge with cutting-edge LED solutions for displays and lighting.

5. Growing Automotive Applications

The automotive sector is another key driver of LED demand, as automakers increasingly incorporate LEDs into headlights, taillights, and interior lighting systems. CÔNG TY TNHH INZI VINA and L G ELECTRONICS INDIA PRIVATE LIMITED are major buyers of automotive-grade LEDs, reflecting the growing trend toward LED adoption in the automotive industry.

Conclusion

The global LED market in 2024 is thriving, with key buyers in Southeast Asia and India playing an essential role in driving demand. Companies like CÔNG TY TNHH ĐIỆN TỬ THÔNG MINH TCL VIỆT NAM, DIXON TECHNOLOGIES INDIA PVT LTD, and SAMSUNG INDIA ELECTRONICS PVT LTD dominate the market, reflecting the growing importance of LED technology in consumer electronics, lighting, and automotive applications.

With total transactions surpassing $11.45 billion USD and over 3.4 million trades conducted, the global LED market shows no signs of slowing down. The continuous adoption of energy-efficient lighting and the integration of LEDs into advanced display technologies are expected to further fuel growth.

Tendata is the premium solution for finding global LED buyers. By using Tendata, you can access a comprehensive list of active LED buyers and their historical purchasing data, helping you stay informed about market trends and key players. With our platform, you can view the latest global LED import data and gain access to the full list of LED-related HS codes.

If you have any questions about LED buyer data, market insights, or specific product trends, feel free to contact Tendata. Our expert team is ready to assist you. Get a free live demo today!