LED Materials Market: Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities, and Industry Segments Poised for Rapid Growth by 2027

 

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.

Get Sample Copy PDF@ https://www.marketresearchfuture.com/sample_request/6228

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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LED Materials Market - Size, Share, Value, CAGR, Outlook, Analysis, Latest Updates, Data, and News 2027

 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.

Get Free Sample Copy@https://www.marketresearchfuture.com/sample_request/6228
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.

Access Report @ https://www.marketresearchfuture.com/reports/led-materials-market-6228

LED Materials Market Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2027

 Market Research Future (MRFR) reports the global market for LED materials is expected to touch USD 21,457.3 million at a prodigious CAGR of 10.92 % during the forecast period (2018–2024). The demand for LED materials by construction, electrical, and electronics industries in developing as well as developed countries can spur the market growth.

The global market growth has been majorly influenced by the adoption of advanced technologies such as artificial intelligence, Internet of Things (IoT), and automation globally. Moreover, rapid urbanization can also boost the market growth. The thriving automotive industry in developing regions with growing expendable incomes of consumers is fueling the market growth.

Get Free Sample@ https://www.marketresearchfuture.com/sample_request/6228

The adoption of LED in smartphones and HD televisions is further driving the market growth globally. Moreover, government policies including certification and labeling programs are offering growth opportunities for the LED industry. However, the short lifespan LED materials can deter the market growth globally.

Competitive Dashboard

The market is highly fragmented and several players are establishing themselves as market influencers. EpiGaN, Epistar Corporation, OSRAM Opto Semiconductors GmbH, Intematix, Plessey, AkzoNobel N.V., Nichia Corporation, and others are some of the prominent players operating the global market for LED materials.

Segmental Analysis

The global LED materials market can be segmented on the basis of type, application, and region.

BY type, the market is segmented into substrates, wafers, epitaxy material, phosphor, and others. Among these, the wafers segment has accounted to hold 40 % of the market share in 2017. It was valued at USD 4,184.7 million in the same year. This segment is anticipated to grow at 11.77 % CAGR through the assessment period owing to the growing demand for energy and cost-effective lights from several end-use industries such as electrical and electronics, automotive, and construction.

Substrates are projected to hold the second position and expects to grow at 10.98 % CAGR over the review period owing to the growing demand for fabrication of integrated circuits from the electrical and electronics industry. Wafers have been subsegmented into silicon, silicon carbide, sapphire, and others, where sapphire has been projected to hold the largest market share and expected to grow at 8.25% CAGR during the assessment period. Similarly, the substrates segment is sub-segmented into aluminum gallium arsenide, gallium phosphide, gallium nitride, indium gallium nitride, gallium arsenide, and others where gallium arsenide accounted for the largest market share in 2017. Gallium nitride is also anticipated to grow at the highest rate over the assessment period due to its high energy efficiency, high mobility, and cost-effectiveness.

The market has been segmented into healthcare, displays and billboards, automotive exterior lighting, consumer electronics, specialty lighting, general lighting, automotive interior lighting, and others based on application. Among these, the general lighting segment has accounted to hold 42 % of the market share and is anticipated to grow at 12 % CAGR over the assessment period owing to the increasing commercial and residential construction globally. Consumer electronics segment is also accounted to hold the second-largest market share and touted to grow at 9.48 % CAGR over the review period. The general lighting segment has been segmented into I&I, residential, outdoor, and others where the residential segment has accounted for the largest market share owing to the growing residential constructions in developing countries.

Regional Outlook

Geographically, the market for LED materials has been segmented into Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.

With a market share of 39 % in 2017, Asia Pacific has emerged as the largest market and expects to touch a projected size of USD 9,011.2 million by 2024. The market is expected to grow at 12.23 % CAGR over the assessment period owing to the growth of end-use industries like electrical and electronics, construction, and automotive. The market is influenced by the increasing demand for energy efficient lights majorly in the construction industry along with a growing population base in countries such as South Korea, India, Thailand, and China.

North America holds the second-largest position for LED materials due to the increasing demand for high energy efficient vehicles. It is expected to reach USD 5,056.9 million by 2024.

The European market was valued at USD 2,388.4 million in 2017 and likely to touch USD 4,496.5 million by 2024 owing to the growing production of energy efficient vehicles. Moreover, Latin America along with the Middle East and Africa are foreseen to showcase a moderate growth rate due to increasing disposable income and rising industrial base.

Access Report @ https://www.marketresearchfuture.com/reports/led-materials-market-6228

LED Materials Market Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2027

 Market Research Future (MRFR) reports the global market for LED materials is expected to touch USD 21,457.3 million at a prodigious CAGR of 10.92 % during the forecast period (2018–2024). The demand for LED materials by construction, electrical, and electronics industries in developing as well as developed countries can spur the market growth.

The global market growth has been majorly influenced by the adoption of advanced technologies such as artificial intelligence, Internet of Things (IoT), and automation globally. Moreover, rapid urbanization can also boost the market growth. The thriving automotive industry in developing regions with growing expendable incomes of consumers is fueling the market growth.

Get Free Sample@ https://www.marketresearchfuture.com/sample_request/6228

The adoption of LED in smartphones and HD televisions is further driving the market growth globally. Moreover, government policies including certification and labeling programs are offering growth opportunities for the LED industry. However, the short lifespan LED materials can deter the market growth globally.

Competitive Dashboard

The market is highly fragmented and several players are establishing themselves as market influencers. EpiGaN, Epistar Corporation, OSRAM Opto Semiconductors GmbH, Intematix, Plessey, AkzoNobel N.V., Nichia Corporation, and others are some of the prominent players operating the global market for LED materials.

Segmental Analysis

The global LED materials market can be segmented on the basis of type, application, and region.

BY type, the market is segmented into substrates, wafers, epitaxy material, phosphor, and others. Among these, the wafers segment has accounted to hold 40 % of the market share in 2017. It was valued at USD 4,184.7 million in the same year. This segment is anticipated to grow at 11.77 % CAGR through the assessment period owing to the growing demand for energy and cost-effective lights from several end-use industries such as electrical and electronics, automotive, and construction.

Substrates are projected to hold the second position and expects to grow at 10.98 % CAGR over the review period owing to the growing demand for fabrication of integrated circuits from the electrical and electronics industry. Wafers have been subsegmented into silicon, silicon carbide, sapphire, and others, where sapphire has been projected to hold the largest market share and expected to grow at 8.25% CAGR during the assessment period. Similarly, the substrates segment is sub-segmented into aluminum gallium arsenide, gallium phosphide, gallium nitride, indium gallium nitride, gallium arsenide, and others where gallium arsenide accounted for the largest market share in 2017. Gallium nitride is also anticipated to grow at the highest rate over the assessment period due to its high energy efficiency, high mobility, and cost-effectiveness.

The market has been segmented into healthcare, displays and billboards, automotive exterior lighting, consumer electronics, specialty lighting, general lighting, automotive interior lighting, and others based on application. Among these, the general lighting segment has accounted to hold 42 % of the market share and is anticipated to grow at 12 % CAGR over the assessment period owing to the increasing commercial and residential construction globally. Consumer electronics segment is also accounted to hold the second-largest market share and touted to grow at 9.48 % CAGR over the review period. The general lighting segment has been segmented into I&I, residential, outdoor, and others where the residential segment has accounted for the largest market share owing to the growing residential constructions in developing countries.

Regional Outlook

Geographically, the market for LED materials has been segmented into Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.

With a market share of 39 % in 2017, Asia Pacific has emerged as the largest market and expects to touch a projected size of USD 9,011.2 million by 2024. The market is expected to grow at 12.23 % CAGR over the assessment period owing to the growth of end-use industries like electrical and electronics, construction, and automotive. The market is influenced by the increasing demand for energy efficient lights majorly in the construction industry along with a growing population base in countries such as South Korea, India, Thailand, and China.

North America holds the second-largest position for LED materials due to the increasing demand for high energy efficient vehicles. It is expected to reach USD 5,056.9 million by 2024.

The European market was valued at USD 2,388.4 million in 2017 and likely to touch USD 4,496.5 million by 2024 owing to the growing production of energy efficient vehicles. Moreover, Latin America along with the Middle East and Africa are foreseen to showcase a moderate growth rate due to increasing disposable income and rising industrial base.

Access Report @ https://www.marketresearchfuture.com/reports/led-materials-market-6228

LED Materials Market Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2027

 Market Research Future (MRFR) reports the global market for LED materials is expected to touch USD 21,457.3 million at a prodigious CAGR of 10.92 % during the forecast period (2018–2024). The demand for LED materials by construction, electrical, and electronics industries in developing as well as developed countries can spur the market growth.

The global market growth has been majorly influenced by the adoption of advanced technologies such as artificial intelligence, Internet of Things (IoT), and automation globally. Moreover, rapid urbanization can also boost the market growth. The thriving automotive industry in developing regions with growing expendable incomes of consumers is fueling the market growth.

Get Free Sample@ https://www.marketresearchfuture.com/sample_request/6228

The adoption of LED in smartphones and HD televisions is further driving the market growth globally. Moreover, government policies including certification and labeling programs are offering growth opportunities for the LED industry. However, the short lifespan LED materials can deter the market growth globally.

Competitive Dashboard

The market is highly fragmented and several players are establishing themselves as market influencers. EpiGaN, Epistar Corporation, OSRAM Opto Semiconductors GmbH, Intematix, Plessey, AkzoNobel N.V., Nichia Corporation, and others are some of the prominent players operating the global market for LED materials.

Segmental Analysis

The global LED materials market can be segmented on the basis of type, application, and region.

BY type, the market is segmented into substrates, wafers, epitaxy material, phosphor, and others. Among these, the wafers segment has accounted to hold 40 % of the market share in 2017. It was valued at USD 4,184.7 million in the same year. This segment is anticipated to grow at 11.77 % CAGR through the assessment period owing to the growing demand for energy and cost-effective lights from several end-use industries such as electrical and electronics, automotive, and construction.

Substrates are projected to hold the second position and expects to grow at 10.98 % CAGR over the review period owing to the growing demand for fabrication of integrated circuits from the electrical and electronics industry. Wafers have been subsegmented into silicon, silicon carbide, sapphire, and others, where sapphire has been projected to hold the largest market share and expected to grow at 8.25% CAGR during the assessment period. Similarly, the substrates segment is sub-segmented into aluminum gallium arsenide, gallium phosphide, gallium nitride, indium gallium nitride, gallium arsenide, and others where gallium arsenide accounted for the largest market share in 2017. Gallium nitride is also anticipated to grow at the highest rate over the assessment period due to its high energy efficiency, high mobility, and cost-effectiveness.

The market has been segmented into healthcare, displays and billboards, automotive exterior lighting, consumer electronics, specialty lighting, general lighting, automotive interior lighting, and others based on application. Among these, the general lighting segment has accounted to hold 42 % of the market share and is anticipated to grow at 12 % CAGR over the assessment period owing to the increasing commercial and residential construction globally. Consumer electronics segment is also accounted to hold the second-largest market share and touted to grow at 9.48 % CAGR over the review period. The general lighting segment has been segmented into I&I, residential, outdoor, and others where the residential segment has accounted for the largest market share owing to the growing residential constructions in developing countries.

Regional Outlook

Geographically, the market for LED materials has been segmented into Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.

With a market share of 39 % in 2017, Asia Pacific has emerged as the largest market and expects to touch a projected size of USD 9,011.2 million by 2024. The market is expected to grow at 12.23 % CAGR over the assessment period owing to the growth of end-use industries like electrical and electronics, construction, and automotive. The market is influenced by the increasing demand for energy efficient lights majorly in the construction industry along with a growing population base in countries such as South Korea, India, Thailand, and China.

North America holds the second-largest position for LED materials due to the increasing demand for high energy efficient vehicles. It is expected to reach USD 5,056.9 million by 2024.

The European market was valued at USD 2,388.4 million in 2017 and likely to touch USD 4,496.5 million by 2024 owing to the growing production of energy efficient vehicles. Moreover, Latin America along with the Middle East and Africa are foreseen to showcase a moderate growth rate due to increasing disposable income and rising industrial base.

Access Report @ https://www.marketresearchfuture.com/reports/led-materials-market-6228

LED Materials Market Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2027

 Market Research Future (MRFR) reports the global market for LED materials is expected to touch USD 21,457.3 million at a prodigious CAGR of 10.92 % during the forecast period (2018–2024). The demand for LED materials by construction, electrical, and electronics industries in developing as well as developed countries can spur the market growth.

The global market growth has been majorly influenced by the adoption of advanced technologies such as artificial intelligence, Internet of Things (IoT), and automation globally. Moreover, rapid urbanization can also boost the market growth. The thriving automotive industry in developing regions with growing expendable incomes of consumers is fueling the market growth.

Get Free Sample@ https://www.marketresearchfuture.com/sample_request/6228

The adoption of LED in smartphones and HD televisions is further driving the market growth globally. Moreover, government policies including certification and labeling programs are offering growth opportunities for the LED industry. However, the short lifespan LED materials can deter the market growth globally.

Competitive Dashboard

The market is highly fragmented and several players are establishing themselves as market influencers. EpiGaN, Epistar Corporation, OSRAM Opto Semiconductors GmbH, Intematix, Plessey, AkzoNobel N.V., Nichia Corporation, and others are some of the prominent players operating the global market for LED materials.

Segmental Analysis

The global LED materials market can be segmented on the basis of type, application, and region.

BY type, the market is segmented into substrates, wafers, epitaxy material, phosphor, and others. Among these, the wafers segment has accounted to hold 40 % of the market share in 2017. It was valued at USD 4,184.7 million in the same year. This segment is anticipated to grow at 11.77 % CAGR through the assessment period owing to the growing demand for energy and cost-effective lights from several end-use industries such as electrical and electronics, automotive, and construction.

Substrates are projected to hold the second position and expects to grow at 10.98 % CAGR over the review period owing to the growing demand for fabrication of integrated circuits from the electrical and electronics industry. Wafers have been subsegmented into silicon, silicon carbide, sapphire, and others, where sapphire has been projected to hold the largest market share and expected to grow at 8.25% CAGR during the assessment period. Similarly, the substrates segment is sub-segmented into aluminum gallium arsenide, gallium phosphide, gallium nitride, indium gallium nitride, gallium arsenide, and others where gallium arsenide accounted for the largest market share in 2017. Gallium nitride is also anticipated to grow at the highest rate over the assessment period due to its high energy efficiency, high mobility, and cost-effectiveness.

The market has been segmented into healthcare, displays and billboards, automotive exterior lighting, consumer electronics, specialty lighting, general lighting, automotive interior lighting, and others based on application. Among these, the general lighting segment has accounted to hold 42 % of the market share and is anticipated to grow at 12 % CAGR over the assessment period owing to the increasing commercial and residential construction globally. Consumer electronics segment is also accounted to hold the second-largest market share and touted to grow at 9.48 % CAGR over the review period. The general lighting segment has been segmented into I&I, residential, outdoor, and others where the residential segment has accounted for the largest market share owing to the growing residential constructions in developing countries.

Regional Outlook

Geographically, the market for LED materials has been segmented into Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.

With a market share of 39 % in 2017, Asia Pacific has emerged as the largest market and expects to touch a projected size of USD 9,011.2 million by 2024. The market is expected to grow at 12.23 % CAGR over the assessment period owing to the growth of end-use industries like electrical and electronics, construction, and automotive. The market is influenced by the increasing demand for energy efficient lights majorly in the construction industry along with a growing population base in countries such as South Korea, India, Thailand, and China.

North America holds the second-largest position for LED materials due to the increasing demand for high energy efficient vehicles. It is expected to reach USD 5,056.9 million by 2024.

The European market was valued at USD 2,388.4 million in 2017 and likely to touch USD 4,496.5 million by 2024 owing to the growing production of energy efficient vehicles. Moreover, Latin America along with the Middle East and Africa are foreseen to showcase a moderate growth rate due to increasing disposable income and rising industrial base.

Access Report @ https://www.marketresearchfuture.com/reports/led-materials-market-6228

LED Materials Market Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2027

 Market Research Future (MRFR) reports the global market for LED materials is expected to touch USD 21,457.3 million at a prodigious CAGR of 10.92 % during the forecast period (2018–2024). The demand for LED materials by construction, electrical, and electronics industries in developing as well as developed countries can spur the market growth.

The global market growth has been majorly influenced by the adoption of advanced technologies such as artificial intelligence, Internet of Things (IoT), and automation globally. Moreover, rapid urbanization can also boost the market growth. The thriving automotive industry in developing regions with growing expendable incomes of consumers is fueling the market growth.

Get Free Sample@ https://www.marketresearchfuture.com/sample_request/6228

The adoption of LED in smartphones and HD televisions is further driving the market growth globally. Moreover, government policies including certification and labeling programs are offering growth opportunities for the LED industry. However, the short lifespan LED materials can deter the market growth globally.

Competitive Dashboard

The market is highly fragmented and several players are establishing themselves as market influencers. EpiGaN, Epistar Corporation, OSRAM Opto Semiconductors GmbH, Intematix, Plessey, AkzoNobel N.V., Nichia Corporation, and others are some of the prominent players operating the global market for LED materials.

Segmental Analysis

The global LED materials market can be segmented on the basis of type, application, and region.

BY type, the market is segmented into substrates, wafers, epitaxy material, phosphor, and others. Among these, the wafers segment has accounted to hold 40 % of the market share in 2017. It was valued at USD 4,184.7 million in the same year. This segment is anticipated to grow at 11.77 % CAGR through the assessment period owing to the growing demand for energy and cost-effective lights from several end-use industries such as electrical and electronics, automotive, and construction.

Substrates are projected to hold the second position and expects to grow at 10.98 % CAGR over the review period owing to the growing demand for fabrication of integrated circuits from the electrical and electronics industry. Wafers have been subsegmented into silicon, silicon carbide, sapphire, and others, where sapphire has been projected to hold the largest market share and expected to grow at 8.25% CAGR during the assessment period. Similarly, the substrates segment is sub-segmented into aluminum gallium arsenide, gallium phosphide, gallium nitride, indium gallium nitride, gallium arsenide, and others where gallium arsenide accounted for the largest market share in 2017. Gallium nitride is also anticipated to grow at the highest rate over the assessment period due to its high energy efficiency, high mobility, and cost-effectiveness.

The market has been segmented into healthcare, displays and billboards, automotive exterior lighting, consumer electronics, specialty lighting, general lighting, automotive interior lighting, and others based on application. Among these, the general lighting segment has accounted to hold 42 % of the market share and is anticipated to grow at 12 % CAGR over the assessment period owing to the increasing commercial and residential construction globally. Consumer electronics segment is also accounted to hold the second-largest market share and touted to grow at 9.48 % CAGR over the review period. The general lighting segment has been segmented into I&I, residential, outdoor, and others where the residential segment has accounted for the largest market share owing to the growing residential constructions in developing countries.

Regional Outlook

Geographically, the market for LED materials has been segmented into Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.

With a market share of 39 % in 2017, Asia Pacific has emerged as the largest market and expects to touch a projected size of USD 9,011.2 million by 2024. The market is expected to grow at 12.23 % CAGR over the assessment period owing to the growth of end-use industries like electrical and electronics, construction, and automotive. The market is influenced by the increasing demand for energy efficient lights majorly in the construction industry along with a growing population base in countries such as South Korea, India, Thailand, and China.

North America holds the second-largest position for LED materials due to the increasing demand for high energy efficient vehicles. It is expected to reach USD 5,056.9 million by 2024.

The European market was valued at USD 2,388.4 million in 2017 and likely to touch USD 4,496.5 million by 2024 owing to the growing production of energy efficient vehicles. Moreover, Latin America along with the Middle East and Africa are foreseen to showcase a moderate growth rate due to increasing disposable income and rising industrial base.

Access Report @ https://www.marketresearchfuture.com/reports/led-materials-market-6228

LED Materials Market Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2027

 

Market Research Future (MRFR) reports the global market for LED materials is expected to touch USD 21,457.3 million at a prodigious CAGR of 10.92 % during the forecast period (2018–2024). The demand for LED materials by construction, electrical, and electronics industries in developing as well as developed countries can spur the market growth.

The global market growth has been majorly influenced by the adoption of advanced technologies such as artificial intelligence, Internet of Things (IoT), and automation globally. Moreover, rapid urbanization can also boost the market growth. The thriving automotive industry in developing regions with growing expendable incomes of consumers is fueling the market growth.

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The adoption of LED in smartphones and HD televisions is further driving the market growth globally. Moreover, government policies including certification and labeling programs are offering growth opportunities for the LED industry. However, the short lifespan LED materials can deter the market growth globally.

Competitive Dashboard

The market is highly fragmented and several players are establishing themselves as market influencers. EpiGaN, Epistar Corporation, OSRAM Opto Semiconductors GmbH, Intematix, Plessey, AkzoNobel N.V., Nichia Corporation, and others are some of the prominent players operating the global market for LED materials.

Segmental Analysis

The global LED materials market can be segmented on the basis of type, application, and region.

BY type, the market is segmented into substrates, wafers, epitaxy material, phosphor, and others. Among these, the wafers segment has accounted to hold 40 % of the market share in 2017. It was valued at USD 4,184.7 million in the same year. This segment is anticipated to grow at 11.77 % CAGR through the assessment period owing to the growing demand for energy and cost-effective lights from several end-use industries such as electrical and electronics, automotive, and construction.

Substrates are projected to hold the second position and expects to grow at 10.98 % CAGR over the review period owing to the growing demand for fabrication of integrated circuits from the electrical and electronics industry. Wafers have been subsegmented into silicon, silicon carbide, sapphire, and others, where sapphire has been projected to hold the largest market share and expected to grow at 8.25% CAGR during the assessment period. Similarly, the substrates segment is sub-segmented into aluminum gallium arsenide, gallium phosphide, gallium nitride, indium gallium nitride, gallium arsenide, and others where gallium arsenide accounted for the largest market share in 2017. Gallium nitride is also anticipated to grow at the highest rate over the assessment period due to its high energy efficiency, high mobility, and cost-effectiveness.

The market has been segmented into healthcare, displays and billboards, automotive exterior lighting, consumer electronics, specialty lighting, general lighting, automotive interior lighting, and others based on application. Among these, the general lighting segment has accounted to hold 42 % of the market share and is anticipated to grow at 12 % CAGR over the assessment period owing to the increasing commercial and residential construction globally. Consumer electronics segment is also accounted to hold the second-largest market share and touted to grow at 9.48 % CAGR over the review period. The general lighting segment has been segmented into I&I, residential, outdoor, and others where the residential segment has accounted for the largest market share owing to the growing residential constructions in developing countries.

Regional Outlook

Geographically, the market for LED materials has been segmented into Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.

With a market share of 39 % in 2017, Asia Pacific has emerged as the largest market and expects to touch a projected size of USD 9,011.2 million by 2024. The market is expected to grow at 12.23 % CAGR over the assessment period owing to the growth of end-use industries like electrical and electronics, construction, and automotive. The market is influenced by the increasing demand for energy efficient lights majorly in the construction industry along with a growing population base in countries such as South Korea, India, Thailand, and China.

North America holds the second-largest position for LED materials due to the increasing demand for high energy efficient vehicles. It is expected to reach USD 5,056.9 million by 2024.

The European market was valued at USD 2,388.4 million in 2017 and likely to touch USD 4,496.5 million by 2024 owing to the growing production of energy efficient vehicles. Moreover, Latin America along with the Middle East and Africa are foreseen to showcase a moderate growth rate due to increasing disposable income and rising industrial base.

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LED Materials Market Trends, Size, Opportunities, Sales Revenue, Emerging Technologies, Industry Growth and Regional Study by Forecast to 2027

 

Market Research Future (MRFR) reports the global market for LED materials is expected to touch USD 21,457.3 million at a prodigious CAGR of 10.92 % during the forecast period (2018–2024). The demand for LED materials by construction, electrical, and electronics industries in developing as well as developed countries can spur the market growth.

The global market growth has been majorly influenced by the adoption of advanced technologies such as artificial intelligence, Internet of Things (IoT), and automation globally. Moreover, rapid urbanization can also boost the market growth. The thriving automotive industry in developing regions with growing expendable incomes of consumers is fueling the market growth.

Get Free Sample@ https://www.marketresearchfuture.com/sample_request/6228

The adoption of LED in smartphones and HD televisions is further driving the market growth globally. Moreover, government policies including certification and labeling programs are offering growth opportunities for the LED industry. However, the short lifespan LED materials can deter the market growth globally.

Competitive Dashboard

The market is highly fragmented and several players are establishing themselves as market influencers. EpiGaN, Epistar Corporation, OSRAM Opto Semiconductors GmbH, Intematix, Plessey, AkzoNobel N.V., Nichia Corporation, and others are some of the prominent players operating the global market for LED materials.

Segmental Analysis

The global LED materials market can be segmented on the basis of type, application, and region.

BY type, the market is segmented into substrates, wafers, epitaxy material, phosphor, and others. Among these, the wafers segment has accounted to hold 40 % of the market share in 2017. It was valued at USD 4,184.7 million in the same year. This segment is anticipated to grow at 11.77 % CAGR through the assessment period owing to the growing demand for energy and cost-effective lights from several end-use industries such as electrical and electronics, automotive, and construction.

Substrates are projected to hold the second position and expects to grow at 10.98 % CAGR over the review period owing to the growing demand for fabrication of integrated circuits from the electrical and electronics industry. Wafers have been subsegmented into silicon, silicon carbide, sapphire, and others, where sapphire has been projected to hold the largest market share and expected to grow at 8.25% CAGR during the assessment period. Similarly, the substrates segment is sub-segmented into aluminum gallium arsenide, gallium phosphide, gallium nitride, indium gallium nitride, gallium arsenide, and others where gallium arsenide accounted for the largest market share in 2017. Gallium nitride is also anticipated to grow at the highest rate over the assessment period due to its high energy efficiency, high mobility, and cost-effectiveness.

The market has been segmented into healthcare, displays and billboards, automotive exterior lighting, consumer electronics, specialty lighting, general lighting, automotive interior lighting, and others based on application. Among these, the general lighting segment has accounted to hold 42 % of the market share and is anticipated to grow at 12 % CAGR over the assessment period owing to the increasing commercial and residential construction globally. Consumer electronics segment is also accounted to hold the second-largest market share and touted to grow at 9.48 % CAGR over the review period. The general lighting segment has been segmented into I&I, residential, outdoor, and others where the residential segment has accounted for the largest market share owing to the growing residential constructions in developing countries.

Regional Outlook

Geographically, the market for LED materials has been segmented into Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.

With a market share of 39 % in 2017, Asia Pacific has emerged as the largest market and expects to touch a projected size of USD 9,011.2 million by 2024. The market is expected to grow at 12.23 % CAGR over the assessment period owing to the growth of end-use industries like electrical and electronics, construction, and automotive. The market is influenced by the increasing demand for energy efficient lights majorly in the construction industry along with a growing population base in countries such as South Korea, India, Thailand, and China.

North America holds the second-largest position for LED materials due to the increasing demand for high energy efficient vehicles. It is expected to reach USD 5,056.9 million by 2024.

The European market was valued at USD 2,388.4 million in 2017 and likely to touch USD 4,496.5 million by 2024 owing to the growing production of energy efficient vehicles. Moreover, Latin America along with the Middle East and Africa are foreseen to showcase a moderate growth rate due to increasing disposable income and rising industrial base.

Access Report @ https://www.marketresearchfuture.com/reports/led-materials-market-6228