The invention discloses a luminous element, a manufacturing method of the luminous element, a luminous element module and the manufacturing method of the luminous element module. The method to prepare the luminous element includes the following methods: (A) forming a first compound semiconductor layer with the first conduction type, an active layer and a second compound semiconductor layer with the second conduction type in turn; (B) forming a plurality of punctation holes in the thick direction of the second compound semiconductor layer at the outside of the region providing the current limiting area, and (C) forming the insulation area for carrying the insulation process on the side wall of the hole through the second compound semiconductor layer, thereby preparing the current limiting area in the second compound semiconductor layer enclosed by the insulation area.