In 2023, Germany led European semiconductor LED production with 56.37% of the market share, despite a significant year-on-year decrease of 21.49%. The United Kingdom held the second largest share at 33.09%, growing by 6.64%. Lithuania saw remarkable growth, surging by 142.6%, while France also experienced a substantial increase of 30.83%. Conversely, Sweden's share declined by 4.94%. Smaller markets like Denmark and Estonia exhibited impressive growth rates of 148.21% and 68.11%, respectively.
Future trends to watch for in European LED production include potential market share shifts due to technological advancements, economic conditions, and policy changes favoring sustainable technology. Continued growth in emerging markets like Lithuania and significant evolutions in large markets such as Germany and the UK will be crucial to monitor.
Top countries in Sold Production of Semiconductor Light Emitting Diodes (LEDs) Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 56.37 | 2023 | -40.37% | -21.49% | View data |
| 2 | 2 United Kingdom | 33.09 | 2023 | +4.74% | +6.64% | View data |
| 3 | 3 Netherlands | 12.07 | 2021 | +78.53% | View data | |
| 4 | 4 Lithuania | 4.36 | 2023 | +6.36% | +142.6% | View data |
| 5 | 5 Czechia | 1.35 | 2023 | |||
| 6 | 6 Italy | 1.08 | 2021 | +472.62% | View data | |
| 7 | 7 France | 0.91 | 2023 | +6.22% | +30.83% | View data |
| 8 | 8 Sweden | 0.51 | 2023 | -5.64% | -4.94% | View data |
| 9 | 9 Spain | 0.38 | 2023 | +5.22% | +1.33% | View data |
| 10 | 10 Estonia | 0.15 | 2023 | +4.54% | +68.11% | View data |
