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Light-Emitting Diodes (LEDs) in the US Procurement Price, Data and Insights
This report is intended to assist buyers of light-emitting diodes, also known as LEDs. This report includes LED chips and LED packages, which are LED chips inside of epoxy shells with wires. LEDs are often found in lamps, remote controls, lighting displays, digital clocks, vehicle lights, LED televisions, smartphones, flashlights and traffic signals. LEDs are used in a variety of downstream applications, including lighting, vehicle traffic management, automotive, electronic hardware and consumer electronics. Suppliers include manufacturers and distributors, while buyers are typically other manufacturers. LEDs offer many benefits, such as lower energy consumption, longer lifespans, greater durability and smaller size, that give them an edge over other light sources.
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What’s included in this market coverage
IBISWorld's research coverage on the Light-Emitting Diodes (LEDs) procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Light-Emitting Diodes (LEDs) market in the United States includes Chip On Board Light-Emitting Diodes (COB LEDs), Dual In-Line Package Light-Emitting Diodes (DIP LEDs) and Surface Mounted Device Light-Emitting Diodes (SMD LEDs). Standard coding in this coverage includes HS-853952-Lamps; Light-Emitting Diode (Led) Light Sources, Light-Emitting Diode (Led) Lamps, ISIC-261-Manufacture of electronic components and boards, NACE-26.11-Manufacture Of Electronic Components, NAICS-334410-Semiconductor and other electronic component manufacturing and UNSPSC-32111503-Light emitting diodes LEDs.
What common market terminology is included?
Common market terminology included in the Light-Emitting Diodes (LEDs) procurement coverage includes Watt (A unit of power that expresses the rate of energy conversion with respect to time.), Wafer (A thin slice of semiconductor material that is used in the fabrication of integrated circuits and other micro-devices. Notably, LEDs are produced on these wafers.), Enclosures (Fabricated material, such as plastic, used to either protect or form the shape of a LED light.), Lumens (A unit of measurement used to determine the total amount of visible light emitted by a light source.), Luminaire (A complete electric light unit consisting of one or more electric lamps with all the necessary parts and wiring.), Binning (A term used by producers in semiconductor device fabrication, product binning categorizes finished products based on their performance attributes.) and Startup Time (A feature of some LEDs in which power and lumen output is gradually ramped up to avoid the unpleasant effects of instant illumination.).
What companies are included as top suppliers?
The top companies covered in the Light-Emitting Diodes (LEDs) procurement report as suppliers are Nichia Corporation, Ideal Industries, Inc., LG Innotek Co. Ltd., W.W. Grainger, Inc. and Lowes Companies Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Light-Emitting Diodes (LEDs) market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per unit, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Light-Emitting Diodes (LEDs) market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Light-Emitting Diodes (LEDs) procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Light-Emitting Diodes (LEDs) market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Light-Emitting Diodes (LEDs) market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Light-Emitting Diodes (LEDs)?
The 2026 benchmark market price for Light-Emitting Diodes (LEDs) is $2.93 per unit. Prices have declined at a CAGR of -1.86 from 2023-26.
Who are the top vendors in the Light-Emitting Diodes (LEDs) market?
The top vendors in the Light-Emitting Diodes (LEDs) market include Nichia Corporation, Ideal Industries, Inc., LG Innotek Co. Ltd., W.W. Grainger, Inc. and Lowes Companies Inc..
What industries supply the Light-Emitting Diodes (LEDs) market?
The top industries supplying the Light-Emitting Diodes (LEDs) market are Inorganic Chemical Manufacturing in the US, Organic Chemical Manufacturing in the US, Plastic & Resin Manufacturing in the US, Petroleum Refining in the US, Semiconductor & Circuit Manufacturing in the US, Semiconductor Machinery Manufacturing in the US, Wire & Spring Manufacturing in the US and Iron & Steel Manufacturing in the US.
What is the supply chain risk for Light-Emitting Diodes (LEDs)?
Low supplier concentration in LED market empowers buyers in pricing and contract negotiations. The fragmented LED market, with the top four suppliers holding less than 30% of market share, creates an intensely competitive environment. Buyers benefit from significant negotiation leverage, as suppliers compete aggressively on price and quality. Procurement teams can capitalize on this by running regular competitive bids, pushing for volume discounts, and diversifying their supplier base to avoid overdependence on a single vendor.
What factors affect the price of Light-Emitting Diodes (LEDs)?
Features such as energy efficiency, lifespan, brightness, color temperature, and size significantly affect the pricing of LEDs. For example, high-efficiency LED chips that provide longer lifespans and greater luminosity typically command higher prices due to their advanced technology and reduced long-term operational costs.
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