세계의 LED 제조 장비 시장 : 규모, 점유율, 성장, 산업 분석, 유형별, 용도별, 지역별 인사이트, 예측(2024-2032년)

Growth Factors of LED production equipment Market

The global LED production equipment market continues to expand steadily as the world transitions toward energy-efficient lighting, advanced display technologies, and smart city infrastructure. According to the latest industry assessment, the market was valued at USD 4.72 billion in 2024, is projected to reach USD 5.09 billion in 2025, and is anticipated to climb sharply to USD 9.47 billion by 2032, reflecting sustained momentum driven by digitization, automation, and strong government sustainability initiatives. In 2024, the Asia Pacific region held the largest market share at 36.23%, reinforced by its mature semiconductor ecosystem and cost-efficient manufacturing base.

LED production equipment-ranging from deposition tools and lithography systems to assembly and testing equipment-plays a foundational role in manufacturing LEDs, microLEDs, and OLEDs used in electronics, automotive lighting, displays, and smart city illumination. The global shift toward eco-friendly lighting, combined with rising investments in semiconductor fabrication technologies, continues to strengthen demand across the industry.

Market Drivers

Rising global demand for energy-efficient lighting remains the strongest driver of market growth. Government-backed regulations banning incandescent bulbs and mandating energy conservation-such as the European Union's Ecodesign directive and India's UJALA Scheme-are fueling large-scale LED adoption. Smart cities worldwide depend on intelligent lighting systems, increasing the requirement for advanced LED manufacturing machinery.

A major contributor to growth is the rapid adoption of automation and IoT-enabled manufacturing systems. These technologies improve production precision, reduce error rates, and enable scalable manufacturing of miniaturized LEDs and microLEDs. For example, JUKI Corporation's automated JM-E01 platform, launched in December 2024, significantly reduces human handling, enhances quality control, and streamlines complex LED surface-mount processes. As manufacturers aim for superior quality in next-generation lighting and display technologies, automated and connected production systems are poised to dominate the market landscape.

Market Restraints

Despite its strong growth prospects, the market faces challenges in the form of high capital expenditure associated with advanced LED fabrication equipment. Technologies such as MOCVD, microLED deposition, and precision lithography require specialized infrastructure, highly purified materials, and high-performance equipment-all of which elevate production costs. For new entrants and SMEs, these financial barriers limit rapid adoption. Furthermore, technical complexity, supply chain disruptions, and geopolitical instability can affect semiconductor equipment sourcing, tightening constraints for manufacturers.

Market Opportunities

The rise of microLED and OLED display technologies represents one of the most promising opportunities for LED production equipment vendors. As demand surges for high-brightness, long-life, ultra-thin display panels, manufacturers are increasing investments in advanced deposition, patterning, and assembly systems. Emerging economies in Asia Pacific-which are rapidly urbanizing and building semiconductor manufacturing capabilities-represent high-potential markets for LED equipment suppliers.

Strategic investments into microLED technologies further expand growth potential. For instance, the Canadian microLED innovator VuReal received USD 40 million in 2023 to boost its commercial production capacity, signaling a broader shift toward next-generation LED solutions.

Segmental Insights

By Equipment

The etching & fabrication segment holds the leading share due to increasing demand for precise, miniaturized chipsets for high-efficiency LED applications. Vapour deposition systems-especially MOCVD tools-are expected to witness the fastest CAGR as microLED production scales up globally. Lithography equipment accounted for 13% of the global share in 2024, while assembly, packaging, and testing tools continue to register steady demand driven by quality assurance and automation in LED production lines.

By Application

The lighting & illumination segment leads with 34.4% market share, supported by widespread LED use in residential, hospitality, industrial, and street-lighting applications. The display segment remains robust due to growing demand for OLED and curved LED technologies, expected to secure 25% share in 2025. Electronics and specialty applications also contribute consistent growth driven by increased integration of LEDs in everyday appliances, smart systems, and research devices.

Regional Overview

Asia Pacific

The region dominates the LED production equipment market with a valuation of USD 1.71 billion in 2024, supported by China, Japan, South Korea, and India. In 2025, China's market is expected to reach USD 0.49 billion, Japan USD 0.40 billion, and India USD 0.31 billion, reflecting strong semiconductor expansion and cross-industry LED integration.

North America

The region is expected to record USD 1.44 billion in 2025, driven by technological upgrading, microLED adoption, and smart infrastructure development. The U.S. alone is forecast to achieve USD 0.88 billion in 2025.

Europe

Expected to reach USD 1.12 billion in 2025, Europe's growth is fueled by stringent energy-efficiency regulations and high demand for smart industrial lighting. Germany and the U.K. lead adoption, with strong demand for advanced LED equipment in automotive and industrial applications.

Conclusion

The global LED production equipment market demonstrates strong, sustained growth, rising from USD 4.72 billion in 2024 to USD 5.09 billion in 2025 and projected to reach USD 9.47 billion by 2032. With increasing energy-efficiency regulations, smart city initiatives, and rapid advancements in microLED and OLED display technologies, the demand for high-precision, automated production equipment will continue accelerating across global industrial landscapes.

Segmentation By Equipment

• Vapour Deposition
• Lithography
• Etching & Fabrication
• Patterning
• Doping & Die forming
• Assembly & Packaging
• Testing & Inspection

By Application

• Displays
• Lighting & Illumination
• Security & Signage
• Electronics & Electric Devices
• Others (Speciality Applications)

By Region

• North America (By Equipment, By Application, and By Country)
  • U.S. (By Application)
  • Canada (By Application)
  • Mexico (By Application)
• South America (By Equipment, By Application, and By Country)
  • Brazil (By Application)
  • Argentina (By Application)
  • Rest of South America
• Europe (By Equipment, By Application, and By Country)
  • U.K. (By Application)
  • Germany (By Application)
  • France (By Application)
  • Italy (By Application)
  • Rest of Europe
• Asia Pacific (By Equipment, By Application, and By Country)
  • China (By Application)
  • India (By Application)
  • Japan (By Application)
  • South Korea (By Application)
  • ASEAN (By Application)
  • Rest of Asia Pacific
• Middle East & Africa (By Equipment, By Application, and By Country)
  • South Africa (By Application)
  • GCC (By Application)
  • Rest of Middle East & Africa

Key Market Players Profiled in the Report Aixtron SE (Germany), Veeco Instruments Inc. (U.S.), ASM International N.V. (Netherlands), Tokyo Electron Limited (Japan), Hitachi High-Tech Corporation (Japan), Taiyo Nippon Sanso (Japan), Daitron Co., Ltd (Japan), Shenzhen ETON Automation Equipment Co., Ltd (China), Dongguan ICT Technology Co., Ltd. (China), and Nordson Corporation (U.S.), etc.

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Methodology/Approach
• 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Macro and Micro Economic Indicators
• 3.2. Drivers, Restraints, Opportunities and Trends
• 3.3. Impact of IoT and Automation

4. Competition Landscape

• 4.1. Business Strategies Adopted by Key Players
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Global LED Production Equipment Key Players [Top 3-5] Market Share/Ranking, 2024

5. Global LED Production Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 5.1. Key Findings
• 5.2. By Equipment (USD)
  • 5.2.1. Vapour Deposition
  • 5.2.2. Lithography
  • 5.2.3. Etching & Fabrication
  • 5.2.4. Patterning
  • 5.2.5. Doping & Die forming
  • 5.2.6. Assembly & Packaging
  • 5.2.7. Testing & Sorting
• 5.3. By Application (USD)
  • 5.3.1. Displays
  • 5.3.2. Lighting & Illumination
  • 5.3.3. Security & Signage
  • 5.3.4. Electronics & Electric Devices
  • 5.3.5. Others (Speciality Applications, etc.)
• 5.4. By Region (USD)
  • 5.4.1. North America
  • 5.4.2. Europe
  • 5.4.3. Asia Pacific
  • 5.4.4. Middle East & Africa
  • 5.4.5. South America

6. North America LED Production Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 6.1. Key Findings
• 6.2. By Equipment (USD)
  • 6.2.1. Vapour Deposition
  • 6.2.2. Lithography
  • 6.2.3. Etching & Fabrication
  • 6.2.4. Patterning
  • 6.2.5. Doping & Die forming
  • 6.2.6. Assembly & Packaging
  • 6.2.7. Testing & Sorting
• 6.3. By Application (USD)
  • 6.3.1. Displays
  • 6.3.2. Lighting & Illumination
  • 6.3.3. Security & Signage
  • 6.3.4. Electronics & Electric Devices
  • 6.3.5. Others (Speciality Applications, etc.)
• 6.4. By Country (USD)
  • 6.4.1. United States
    • 6.4.1.1. By Application
  • 6.4.2. Canada
    • 6.4.2.1. By Application
  • 6.4.3. Mexico
    • 6.4.3.1. By Application

7. Europe LED Production Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 7.1. Key Findings
• 7.2. By Equipment (USD)
  • 7.2.1. Vapour Deposition
  • 7.2.2. Lithography
  • 7.2.3. Etching & Fabrication
  • 7.2.4. Patterning
  • 7.2.5. Doping & Die forming
  • 7.2.6. Assembly & Packaging
  • 7.2.7. Testing & Sorting
• 7.3. By Application (USD)
  • 7.3.1. Displays
  • 7.3.2. Lighting & Illumination
  • 7.3.3. Security & Signage
  • 7.3.4. Electronics & Electric Devices
  • 7.3.5. Others (Speciality Applications, etc.)
• 7.4. By Country (USD)
  • 7.4.1. United Kingdom
    • 7.4.1.1. By Application
  • 7.4.2. Germany
    • 7.4.2.1. By Application
  • 7.4.3. France
    • 7.4.3.1. By Application
  • 7.4.4. Italy
    • 7.4.4.1. By Application
  • 7.4.5. Rest of Europe

8. Asia Pacific LED Production Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 8.1. Key Findings
• 8.2. By Equipment (USD)
  • 8.2.1. Vapour Deposition
  • 8.2.2. Lithography
  • 8.2.3. Etching & Fabrication
  • 8.2.4. Patterning
  • 8.2.5. Doping & Die forming
  • 8.2.6. Assembly & Packaging
  • 8.2.7. Testing & Sorting
• 8.3. By Application (USD)
  • 8.3.1. Displays
  • 8.3.2. Lighting & Illumination
  • 8.3.3. Security & Signage
  • 8.3.4. Electronics & Electric Devices
  • 8.3.5. Others (Speciality Applications, etc.)
• 8.4. By Country (USD)
  • 8.4.1. China
    • 8.4.1.1. By Application
  • 8.4.2. India
    • 8.4.2.1. By Application
  • 8.4.3. Japan
    • 8.4.3.1. By Application
  • 8.4.4. South Korea
    • 8.4.4.1. By Application
  • 8.4.5. ASEAN
    • 8.4.5.1. By Application
  • 8.4.6. Rest of Asia Pacific

9. Middle East & Africa LED Production Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 9.1. Key Findings
• 9.2. By Equipment (USD)
  • 9.2.1. Vapour Deposition
  • 9.2.2. Lithography
  • 9.2.3. Etching & Fabrication
  • 9.2.4. Patterning
  • 9.2.5. Doping & Die forming
  • 9.2.6. Assembly & Packaging
  • 9.2.7. Testing & Sorting
• 9.3. By Application (USD)
  • 9.3.1. Displays
  • 9.3.2. Lighting & Illumination
  • 9.3.3. Security & Signage
  • 9.3.4. Electronics & Electric Devices
  • 9.3.5. Others (Speciality Applications, etc.)
• 9.4. By Country (USD)
  • 9.4.1. South Africa
    • 9.4.1.1. By Application
  • 9.4.2. GCC
    • 9.4.2.1. By Application
  • 9.4.3. Rest of MEA

10. South America LED Production Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 10.1. Key Findings
• 10.2. By Equipment (USD)
  • 10.2.1. Vapour Deposition
  • 10.2.2. Lithography
  • 10.2.3. Etching & Fabrication
  • 10.2.4. Patterning
  • 10.2.5. Doping & Die forming
  • 10.2.6. Assembly & Packaging
  • 10.2.7. Testing & Sorting
• 10.3. By Application (USD)
  • 10.3.1. Displays
  • 10.3.2. Lighting & Illumination
  • 10.3.3. Security & Signage
  • 10.3.4. Electronics & Electric Devices
  • 10.3.5. Others (Speciality Applications, etc.)
• 10.4. By Country (USD)
  • 10.4.1. Brazil
    • 10.4.1.1. By Application
  • 10.4.2. Argentina
    • 10.4.2.1. By Application
  • 10.4.3. Rest of South America

11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

• 11.1. Aixtron SE
  • 11.1.1. Overview
    • 11.1.1.1. Key Management
    • 11.1.1.2. Headquarters
    • 11.1.1.3. Offerings/Business Segments
  • 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.1.2.1. Employee Size
    • 11.1.2.2. Past and Current Revenue
    • 11.1.2.3. Geographical Share
    • 11.1.2.4. Business Segment Share
    • 11.1.2.5. Recent Developments
• 11.2. Veeco Instruments Inc.
  • 11.2.1. Overview
    • 11.2.1.1. Key Management
    • 11.2.1.2. Headquarters
    • 11.2.1.3. Offerings/Business Segments
  • 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.2.2.1. Employee Size
    • 11.2.2.2. Past and Current Revenue
    • 11.2.2.3. Geographical Share
    • 11.2.2.4. Business Segment Share
    • 11.2.2.5. Recent Developments
• 11.3. ASM International N.V.
  • 11.3.1. Overview
    • 11.3.1.1. Key Management
    • 11.3.1.2. Headquarters
    • 11.3.1.3. Offerings/Business Segments
  • 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.3.2.1. Employee Size
    • 11.3.2.2. Past and Current Revenue
    • 11.3.2.3. Geographical Share
    • 11.3.2.4. Business Segment Share
    • 11.3.2.5. Recent Developments
• 11.4. Tokyo Electron Limited
  • 11.4.1. Overview
    • 11.4.1.1. Key Management
    • 11.4.1.2. Headquarters
    • 11.4.1.3. Offerings/Business Segments
  • 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.4.2.1. Employee Size
    • 11.4.2.2. Past and Current Revenue
    • 11.4.2.3. Geographical Share
    • 11.4.2.4. Business Segment Share
    • 11.4.2.5. Recent Developments
• 11.5. Hitachi High-Tech Corporation
  • 11.5.1. Overview
    • 11.5.1.1. Key Management
    • 11.5.1.2. Headquarters
    • 11.5.1.3. Offerings/Business Segments
  • 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.5.2.1. Employee Size
    • 11.5.2.2. Past and Current Revenue
    • 11.5.2.3. Geographical Share
    • 11.5.2.4. Business Segment Share
    • 11.5.2.5. Recent Developments
• 11.6. Taiyo Nippon Sanso
  • 11.6.1. Overview
    • 11.6.1.1. Key Management
    • 11.6.1.2. Headquarters
    • 11.6.1.3. Offerings/Business Segments
  • 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.6.2.1. Employee Size
    • 11.6.2.2. Past and Current Revenue
    • 11.6.2.3. Geographical Share
    • 11.6.2.4. Business Segment Share
    • 11.6.2.5. Recent Developments
• 11.7. Daitron Co., Ltd
  • 11.7.1. Overview
    • 11.7.1.1. Key Management
    • 11.7.1.2. Headquarters
    • 11.7.1.3. Offerings/Business Segments
  • 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.7.2.1. Employee Size
    • 11.7.2.2. Past and Current Revenue
    • 11.7.2.3. Geographical Share
    • 11.7.2.4. Business Segment Share
    • 11.7.2.5. Recent Developments
• 11.8. Shenzhen ETON Automation Equipment Co., Ltd
  • 11.8.1. Overview
    • 11.8.1.1. Key Management
    • 11.8.1.2. Headquarters
    • 11.8.1.3. Offerings/Business Segments
  • 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.8.2.1. Employee Size
    • 11.8.2.2. Past and Current Revenue
    • 11.8.2.3. Geographical Share
    • 11.8.2.4. Business Segment Share
    • 11.8.2.5. Recent Developments
• 11.9. Dongguan ICT Technology Co., Ltd.
  • 11.9.1. Overview
    • 11.9.1.1. Key Management
    • 11.9.1.2. Headquarters
    • 11.9.1.3. Offerings/Business Segments
  • 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.9.2.1. Employee Size
    • 11.9.2.2. Past and Current Revenue
    • 11.9.2.3. Geographical Share
    • 11.9.2.4. Business Segment Share
    • 11.9.2.5. Recent Developments
• 11.10. Nordson Corporation
  • 11.10.1. Overview
    • 11.10.1.1. Key Management
    • 11.10.1.2. Headquarters
    • 11.10.1.3. Offerings/Business Segments
  • 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.10.2.1. Employee Size
    • 11.10.2.2. Past and Current Revenue
    • 11.10.2.3. Geographical Share
    • 11.10.2.4. Business Segment Share
    • 11.10.2.5. Recent Developments