Navigating new trade winds: The global LED supply chain report 2024

In light of recent global events and the ongoing discussions around international trade, Futuresource Consulting releases its timely, comprehensive Global LED Supply Chain Report. This report delves into the current landscape, highlighting key component suppliers such as LED chiplets, packaged LEDs, driver ICs, LED controllers, and power supplies. 

Ted Romanowitz, Head of Displays at Futuresource, commented:  

"As the global LED market continues to expand, it is crucial for brands to consider geographic diversification to mitigate risks associated with trade policies and geopolitical tensions. Our report provides a comprehensive analysis of the current supply chain landscape and offers strategic insights to help businesses navigate these challenges." 

Geographic diversification and trends 

With the expectation that new trade policies may impact the industry, many LED brands are exploring geographic diversification and divestiture options. Our report provides valuable insights into these trends, profiling 36 component providers, 20 China-based branded OEM/ODM vendors, and 15 contract manufacturers. Additionally, it details 21 companies actively manufacturing LEDs in North America, Europe, and the Rest of APAC (RoAPAC). 

Strategic insights 

Best in class brands routinely evaluate component vendors and manufacturing partners to maximize quality while minimizing bill of material (BOM) and production costs. Second sourcing and geographical diversity are two strategies to harden supply chains without incurring significant finished goods investments. 

Key findings 

The report also highlights that the main chiplet supply chain in mainland China is dominated by four key players with hold a combined which increased year on year and reached $3.6 Billion, in 2023. As well as supply chain market shares, the report provides insights into the evolving LED supply chain strategy, emphasising the importance of geographic diversification and the challenges associated with it. 

Stay ahead 

Stay ahead of the curve and understand the opportunities and threats in the LED supply chain. Learn more about the report here and equip your business with the knowledge to navigate these uncertain times.  

About Futuresource Consulting: 

Futuresource is a global technology consultancy delivering end-to-end, 360° market intelligence. We have supported the technology sector through its rapid evolution, consistently provided strategic insights to empower innovative brands and drive excellence in our clients' markets.  Visit https://www.futuresource-consulting.com for more information. 

Sales Contact:  

Johnny Woodman, Senior Business Development Manager 

johnny.woodman@futuresource-hq.com 

Press Contact:  

Nicola Finn, Marketing Manager Futuresource Consulting 

nicola.finn@futuresource-hq.com 

About the author

Ted Romanowitz

Ted Romanowitz is a visionary product leader spearheading industry transitions in the Semiconductor, Consumer Electronics, Networking and Professional Audio Visual industries.  He held increasingly responsible marketing roles at Intel Corporation over his twelve year tenure, helping drive the highly successful Centrino Mobile Technology launch and Gigabit Ethernet market transition as well as owning the global consumer processor and chipset roadmap.  

Romanowitz begin in the Pro AV industry in the 1990s expanding the Vivatek brand for Delta Products and has spent the past decade focused on LED product management with Industry leaders Leyard/Planar and Christie Digital Systems. Currently an independent Consultant and Contributing Assistant Professor at Willamette University's Atkinson Graduate School of Management, Ted lectures, writes and consults in the areas of new product planning, go-to-market strategy, product and sales management.  

In August 2021, he co-authored a comprehensive industry report on MicroLED display technology focused on the Pro AV and Consumer Electronics industries.