📊Executive Summary

The U.S. semiconductor LED market is experiencing a notable contraction in 2024, with consumption and imports dropping significantly from record highs in 2023. Despite this decline, the long-term outlook is positive, with a projected compound annual growth rate (CAGR) of +2.5% through 2035, suggesting a recovery in demand for semiconductor LEDs. The market is expected to reach 3 million tons and $46.2 billion in value by 2035. Key import sources include Thailand, Malaysia, and India, while Vietnam leads in value terms. The article highlights a divergence in import sources, with low-cost suppliers contrasting with high-value export destinations, indicating potential shifts in sourcing strategies for procurement teams....