Market Overview:
The global LED Materials Market, during the forecast period 2018 to 2024,
will register growth at a CAGR of 10.92%. The market for LED materials is set
to reach US$21.45 billion by 2024. As per LED Materials Market analysts, the
global market is anticipated to witness growth owing to the factors such as
growing adoption from the automotive sector as well as growing R&D
investments. However, the LED Materials Market will face challenges and
restraints due to growing adoption of alternatives and raw material price
volatility during the forecast period 2018 to 2024.
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The ban on the use of incandescent bulbs in the LED Materials Market is set to
play a key role in determining the growth potential during 2018 to 2024years.
Analysts have also studied the LED Materials Market to understand potential
threats and challenges the LED Materials Market companies could face. Although
the LED Materials Market is poised to grow at a fast pace across type and
applications segments, factors such as high costs associated with LED materials
could slow down the LED Materials Market's growth worldwide.
Market Segmentation
The LED Materials Market has been segmented into type and
applications. Based on the segment which is type, the market is categorized on
the basis of substrates/semiconductors, wafers, and others. The global market
for LED materials is further segmented based on applications into automotive
exterior lighting, automotive interior lighting, consumer electronics, and
general lightings.
The global LED Materials Market research report covers all
the aspects of the LED Materials Market based on the segmental analysis of
these type and applications segments. Analysts have also studied the global LED
Materials Market's regional markets spread across many continents and
countries. The type and applications segments along with their sub-segments
have been analyzed and companies functioning in the LED Materials Market across
these segments are profiled and analyzed based on input and feedback from LED
Materials Market based decision makers as well as primary and secondary
sources. The LED Materials Market research report presents analysis based
information for companies functioning in the LED Materials Market.
Regional Overview
The short lifespan of the LED devices may hinder the LED
Materials Market growth. The market research report suggests that companies in
the LED Materials Market could be supported by reducing energy prices as well
as the growing acceptance of technical advances during the forecast period. The
LED Materials Market is set to register growth at a high CAGR owing to these
key factors. The LED Materials Market is spread across North America, Europe,
Asia-Pacific, and other parts of the world. The global LED Materials Market
research report reveals that APAC, North America, and Europe regional LED
Materials Markets will dominate the global market for LED materials during the
forecast period 2018 to 2024. As per LED Materials Market analysts, the market
is set to witness tremendous growth across consumer electronics and automotive
segments in North America which covers LED Materials Markets across the United
States, Canada, Mexico and several other regional markets. Companies active in
the LED Materials Market are also analyzed and studied in the LED Materials
Market research report.
The LED
Materials Market for Europe covers smaller market segments of Germany,
Italy, France, and the United Kingdom. Additionally, the LED Materials Market
research report covers the Asia-Pacific region covering LED Materials Markets
from India, China, Japan, Australia, and others. The LED Materials Market is
also spread across the rest of the world. The LED Materials Market report
covers all such regions including the Middle East, Africa, Brazil, and others.
Competitive Landscape
LED materials has seen increased demand over the years, due
to the growing application of LEDs and new opportunities for expansion.
Companies functioning in the global LED Materials Market are also being
challenged due to the lack of awareness about the advantage of LEDs and less
penetration in many underdeveloped countries. Mergers and acquisitions by LED
Materials Market companies are anticipated to help the market during the
forecast period 2018 to 2024. As the LED Materials Market is set to register a
high CAGR of 10.92% and is also anticipated to reach a US$21.45 billion by
2024, the report highlights key areas companies need to focus on. The report
suggests that the LED Materials Market will see a healthy growth in the long
run till 2024. Based on SWOT analysis and LED Materials Market’s analysis based
on Porters’ Five Force Model presented in the LED Materials Market report.
Mergers and acquisitions by LED Materials Market companies are anticipated to
help the market during the forecast period 2018 to 2024.
Industry News
Cree, Inc. reported today that it has reached an agreed to
buy its LED Products business unit to SMART Global Holdings, Inc. for up to
$300 million, comprising defined cash and future compensation, as well as
conditional payment. Cree plans to obtain an initial cash payment of $50
million upon closure and $125 million upon maturity of a seller note released
by SMART to Cree due August 2023, according to the terms of the deal, which has
been accepted by the Company's board of directors. Cree also has the option to
accept a $125 million earn-out bonus depending on sales and gross profit
results.
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