Global Monochrome LED Market Growth 2026-2032
Description
The global Monochrome LED market size is predicted to grow from US$ 2788 million in 2025 to US$ 4171 million in 2032; it is expected to grow at a CAGR of 6.1% from 2026 to 2032.
In 2025, global Monochrome LED production reached approximately 4.75 billion Units .The price range is between $0.2 and $1.2.Monochrome LEDs are semiconductor light-emitting diodes that emit only one fixed wavelength (color) of light within a single device or package. Their output spectrum is concentrated within a certain dominant wavelength range (such as red, green, blue, amber, or yellow), and they do not have multi-chip color mixing or white light conversion functions, thus distinguishing them from RGB LEDs, tunable LEDs, and white LEDs.
Gross Margin Levels
The gross margin of monochrome LEDs exhibits a clear "application stratification + specification stratification": Consumer-grade indicator lights/general-purpose SMDs face the most intense competition, with transparent pricing and strong substitutability, resulting in gross margins typically in the lower end of the industry range. In contrast, automotive-grade monochrome LEDs, industrial high-reliability indicators, and special wavelength and high-brightness devices are constrained by certification cycles, reliability verification, and materials and packaging processes (heat dissipation, optical consistency, lifespan), giving them stronger bargaining power and higher gross margins. Overall, the common gross margin in the monochrome LED industry generally falls between 18% and 40%: general-purpose categories are mostly between 18% and 28%, while automotive-grade/high-reliability and high-end packaging can reach 28%–40%+; however, this can vary significantly with capacity utilization, raw material costs (gold wire/silver paste/epoxy/silicone/substrate), exchange rates, and customer structure fluctuations (a higher share in automotive applications typically helps offset the pressure of "price reduction for volume").
Industry Drivers
The core drivers of monochrome LED demand stem from three main lines: First, the increasing use of monochrome devices in in-vehicle buttons, trim pieces, ambient lighting, and external signal lights is driven by automotive intelligence and cabin ambiance enhancements. TrendForce also points out that the automotive LED market has high concentration and resilient demand. Second, the digitalization of industry and infrastructure is leading to continued growth in the use of seemingly minor but essential components such as status indicators, alarms, and port indicators. Third, higher reliability and stricter compliance (automotive-grade certification, long lifespan, and consistency requirements) are driving product upgrades from generic part numbers to high-reliability, high-consistency packages, thereby increasing value. At the same time, the industry remains under price pressure from continuous cost reduction, accelerated domestic substitution, and homogenization of standardized packaging. Growth is more reflected in structural upgrades and application expansion than simply price increases.
LP Information, Inc. (LPI) ' newest research report, the “Monochrome LED Industry Forecast” looks at past sales and reviews total world Monochrome LED sales in 2025, providing a comprehensive analysis by region and market sector of projected Monochrome LED sales for 2026 through 2032. With Monochrome LED sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Monochrome LED industry.
This Insight Report provides a comprehensive analysis of the global Monochrome LED landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Monochrome LED portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Monochrome LED market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Monochrome LED and breaks down the forecast by Type, by Chip Material, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Monochrome LED.
This report presents a comprehensive overview, market shares, and growth opportunities of Monochrome LED market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Surface Mount
Through Mount
Others
Segmentation by Chip Material:
Commercial Lighting
Industrial Lighting
Indoor Residential Lighting
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Nichia
ams OSRAM
Seoul Semiconductor
Samsung LED
Lumileds
Stanley Electric
Everlight
LITEON
Nationstar
ROHM
Dominant
Refond
Harvatek
Citizen
Toyoda Gosei
HC SemiTek
Changelight
Key Questions Addressed in this Report
What is the 10-year outlook for the global Monochrome LED market?
What factors are driving Monochrome LED market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Monochrome LED market opportunities vary by end market size?
How does Monochrome LED break out by Type, by Chip Material?
Please note: The report will take approximately 2 business days to prepare and deliver.
In 2025, global Monochrome LED production reached approximately 4.75 billion Units .The price range is between $0.2 and $1.2.Monochrome LEDs are semiconductor light-emitting diodes that emit only one fixed wavelength (color) of light within a single device or package. Their output spectrum is concentrated within a certain dominant wavelength range (such as red, green, blue, amber, or yellow), and they do not have multi-chip color mixing or white light conversion functions, thus distinguishing them from RGB LEDs, tunable LEDs, and white LEDs.
Gross Margin Levels
The gross margin of monochrome LEDs exhibits a clear "application stratification + specification stratification": Consumer-grade indicator lights/general-purpose SMDs face the most intense competition, with transparent pricing and strong substitutability, resulting in gross margins typically in the lower end of the industry range. In contrast, automotive-grade monochrome LEDs, industrial high-reliability indicators, and special wavelength and high-brightness devices are constrained by certification cycles, reliability verification, and materials and packaging processes (heat dissipation, optical consistency, lifespan), giving them stronger bargaining power and higher gross margins. Overall, the common gross margin in the monochrome LED industry generally falls between 18% and 40%: general-purpose categories are mostly between 18% and 28%, while automotive-grade/high-reliability and high-end packaging can reach 28%–40%+; however, this can vary significantly with capacity utilization, raw material costs (gold wire/silver paste/epoxy/silicone/substrate), exchange rates, and customer structure fluctuations (a higher share in automotive applications typically helps offset the pressure of "price reduction for volume").
Industry Drivers
The core drivers of monochrome LED demand stem from three main lines: First, the increasing use of monochrome devices in in-vehicle buttons, trim pieces, ambient lighting, and external signal lights is driven by automotive intelligence and cabin ambiance enhancements. TrendForce also points out that the automotive LED market has high concentration and resilient demand. Second, the digitalization of industry and infrastructure is leading to continued growth in the use of seemingly minor but essential components such as status indicators, alarms, and port indicators. Third, higher reliability and stricter compliance (automotive-grade certification, long lifespan, and consistency requirements) are driving product upgrades from generic part numbers to high-reliability, high-consistency packages, thereby increasing value. At the same time, the industry remains under price pressure from continuous cost reduction, accelerated domestic substitution, and homogenization of standardized packaging. Growth is more reflected in structural upgrades and application expansion than simply price increases.
LP Information, Inc. (LPI) ' newest research report, the “Monochrome LED Industry Forecast” looks at past sales and reviews total world Monochrome LED sales in 2025, providing a comprehensive analysis by region and market sector of projected Monochrome LED sales for 2026 through 2032. With Monochrome LED sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Monochrome LED industry.
This Insight Report provides a comprehensive analysis of the global Monochrome LED landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Monochrome LED portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Monochrome LED market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Monochrome LED and breaks down the forecast by Type, by Chip Material, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Monochrome LED.
This report presents a comprehensive overview, market shares, and growth opportunities of Monochrome LED market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Surface Mount
Through Mount
Others
Segmentation by Chip Material:
Commercial Lighting
Industrial Lighting
Indoor Residential Lighting
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Nichia
ams OSRAM
Seoul Semiconductor
Samsung LED
Lumileds
Stanley Electric
Everlight
LITEON
Nationstar
ROHM
Dominant
Refond
Harvatek
Citizen
Toyoda Gosei
HC SemiTek
Changelight
Key Questions Addressed in this Report
What is the 10-year outlook for the global Monochrome LED market?
What factors are driving Monochrome LED market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Monochrome LED market opportunities vary by end market size?
How does Monochrome LED break out by Type, by Chip Material?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
139 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Monochrome LED by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Monochrome LED by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
