Market Overview:
India, Maharashtra, Pune - 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.
TOC:
1 Executive Summary
2 Market Introduction
2.1 Definition 18
2.2 The Scope Of The Study 18
2.3 List Of Assumptions 18
2.4 Limitations 18
2.5 Market Structure 19
3 Research Methodology
3.1 Research Process 21
3.2 Primary Research 22
3.3 Secondary Research 23
3.4 Market Size Estimation 23
3.5 Forecast Model 24
4 Market Dynamics
4.2 Introduction 26
4.3 Drivers 27
4.3.1 Rising Demand For Energy-Efficient Lights 27
4.3.2 Expanding Automotive Industry 27
4.3.3 Increasing Use In Digital Advertising And Consumer
Electronics 27
4.3.4 Drivers Impact Analysis 28
4.4 Restraints 28
4.4.1 Environmental Threats 28
4.4.2 Restraints Impact Analysis 29
4.5 Opportunities 29
4.5.1 Increasing Use Of LEDs Across Industries 29
4.5.2 Li-Fi Technology 29
4.6 Trends 29
4.6.1 Introduction Of New LED Materials 29
4.6.2 Prevalence Of Quantum Dot As Down Conversion Material
In LEDs…to be
continued
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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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