The global light-emitting diode (LED) tester market is estimated to exhibit growth at a robust CAGR during the forecast period 2022-2032. Increasing shift in customer preference towards adopting novel LED lights from conventional Cold Cathode Fluorescent Lamp (CCFL) and Compact Fluorescent Lamp (CFL) lightings is expected to create immense demand prospects for LED testers in the global market.
LED testers are electronic devices that are used to measure the color variation and light-emitting intensity of the LEDs. These testers are available in two types - benchtop LED testers and handheld LED testers and are used for the application such as laboratory testing and production testing of LEDs.
The characteristics of LED such as color, light intensity, and temperature are analyzed accurately by the LED testers in the form of software interpretation. Growing usage of LEDs in outdoor lighting, art lighting, and night lighting along with increasing launch of novel applications-specific LEDs are projected to accelerate the demand for LED testers in the global market.
Demand for LED products such as LED lights, LED displays, and LED lamps among others is increasing at a rapid pace, owing to their favorable attributes such as long lifespan, affordability, efficient energy conversion, and better illuminating effect. These lightings are finding a wide range of usages across the electronics industry as displays, lamps, and others for the products such as smartphones, televisions, laptops, tablets, smartwatches, cameras, LED smart kitchen appliances, among others.
Measuring parameters of these LED products is of great importance to maintain the lighting consistency and product quality. Hence, LED testers are extensively used to analyze relevant parameters of LEDs such as color rendering index, radiant power, peak wavelength, and luminous flux to assuring the sound functionality of the aforementioned LED products. This is estimated to accelerate the sales of LED testers in the market.
The LEDs are finding a wide range of applications across industries consumer electronics, automotive, healthcare, and others, on account of their advantages such as high controllability, instant on-off function, and high availability of color options among others. The demand for these LED products is further being elevated by the growing trend of smart homes and adoption of smart home lightings.
Hence, a number of industry players are increasingly emphasizing on launching novel LED products with advanced features and integrating technologies to capitalize on the existing trend. For instance, in 2020, Panasonic, a Japanese manufacturer of lighting and industrial conglomerate company, announced launching its new smart Wi-fi LED light bulb with advanced features such as multi-color lighting options, automated light scheduling functions based on preference, and connectivity with voice command devices such as Alexa and Google Assistant.
A multiplicity of such product launches is further accelerating the adoption of these LEDs. As LED testers are used for examining numerous parameters with precision during product testing applications, growing usage and demand for LEDs is projected to create high remunerative opportunities for the growth in the market.
Despite numerous benefits associated with the use of LED testers, high cost of these devices, need for qualified personnel to measure the readings, and inability to test LEDs with additional circuitry such as constant-current and flashing types are hindering the sales in the global market.
In addition to this, increasing adoption of incandescent light bulbs such as cold cathode fluorescent lamps and compact fluorescent lamps, due to their relatively low cost is decreasing the adoption of LEDs, thereby, hampering the demand for LED testers in the market.
FMI reveals that North America is anticipated to account for the dominant share in the global LED testers during the forecast period 2022-2032.
Production and sales of automotive vehicles are rising at a rapid pace, driven by the increasing per capita income of the population and growing consumer spending on comfort traveling. According to a study by the Bureau of Transportation Statistics, more than 8.82 Mn automobiles were manufactured and around 11.57 Mn automotive vehicles were sold across the U.S. in the year 2020.
Rise in production and sales of automobiles is estimated to accelerate the demand for all the automotive components including headlights, infotainment displays, rear brake lamps, fog lamps, speedometers, and others that are made using LEDs. This growing demand for LEDs is projected to augment the growth in the North America market.
As per Future Market Insights, Europe is expected to exhibit robust growth in the global LED tester market from 2022 to 2032.
Various types of LEDs such as LED lamps, LED Flood Lights, LED tubes, LED panels, industrial high bay lights, and LED strips are gaining traction across sectors such as consumer electronics, automotive, and home decorations, creating demand for LED testers to check the performance and parameters of these products to ensure the efficiency.
Hence, key companies in the market are aiming at launching novel products with multifunctional features to cater to this surging demand. For instance, in 2020, EBRAND ONE, a Denmark-based manufacturer of electronic testing & measuring devices, announced launching a new Smart LED tester with voltage & current intelligent adjustment, double isolated safe protection, and multipurpose features. A slew of such new product launches is estimated to bolster the sales in the Europe market.
Some of the leading players in the LED tester market are Keysight Technologies, EBRAND ONE, Lisun Electronics Inc, Konica Minolta Sensing Europe B.V, Crown Electronic Systems., PCE Deutschland GmbH, and others.
Key manufacturers are focusing on the development of compact and portable LED testers to strengthen their footprint and gain competitive edge in the global market.
| Report Attribute | Details |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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FMI projects the demand for LED tester market to expand at around robust value CAGR over the forecast period 2022-2032
The market for LED tester is dominated by North America, and this trend is projected to continue in the foreseeable future.
Keysight Technologies, EBRAND ONE, Lisun Electronics Inc, Konica Minolta Sensing Europe B.V, Crown Electronic Systems., PCE Deutschland GmbH are some prominent LED tester manufacturers.
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