Global LED Materials Market was valued at USD 10.78 Bn in 2019 and is expected to reach USD 21.01 Bn by 2027 at a CAGR of 8.7% over the forecast period 2020-2027.
Global LED Materials Market
The report covers an in-depth analysis of COVID 19 pandemic impact on Global LED Materials Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global LED Materials Market Dynamics;
Light-emitting diodes (LEDs) are small colored lights available in various colours. They are used in various applications such as automobile, residential and industrial. Several features of the Light emitting diodes depend upon their material composition. Material such as Substrate, wafer, Epitaxy and phosphor decides optical properties such as colour, brightness, and efficiency of LEDs. Various factors such as increasing regulations pertaining to use of inefficient lighting technologies, growing government subsidies towards sustainable lighting in emerging economies, ban on the use of incandescent bulbs in many developed and developing countries, increasing demand from horticulture market, growing production and sales of automotive vehicles and rapidly expanding electrical and electronics industry are driving the market growth over the forecast period.
However, factors such as fluctuations in raw material prices, availability of substitute products, high costs associated with LED materials, lack of universal enforcement directives pertaining to use of LEDs in various end-user industries and less adoption in many underdeveloped countries are restraining the market growth over the forecast period.
Global LED Materials Market is segmented by material type, by application, and by region. By material type, wafers material type segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to increasing adoption of cost effective six and eight-inch size wafer material type. Many LED manufacturing companies are preferring large diameter wafer as yield of these wafers is high as compared to others material types. By application, General segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to growing adoption of LED bulbs in residential and commercial apartments for effective lighting. The commercial complexes such as galleries, museums, office spaces, malls and other exhibition are using LED materials for effective lighting. General segment is followed by automotive segment with xx% of market share owing to growing stringency about regulations of exterior automotive lighting across the globe.
By geography, Global LED Materials Market is segmented into North America, APAC, Europe, MEA& Africa and South America. Among these, APAC held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to rapidly expanding building and construction activities in this region. Factors such as growing production and sales of automotive vehicles in China, India, South Korea and Japan, presence of major electrical and electronics manufacturing giants, growing residential and commercial infrastructure projects in this region, supportive initiatives undertaken by the respective governments of China, India, Japan, Indonesia, Vietnam for embracing light-emitting diodes coupled with existence of a large number of market players are driving the market growth over the forecast period in this region. APAC is followed by North America and Europe. North America held the second largest market share in global light emitting diode material market owing to increasing reconstruction of buildings and growing automotive production in the United States and Canada. The United States is leading the market in this region as its electrical and electronics industry is flourishing. Europe is expected to hold the third largest market share over the forecast period due to new policies and guidelines of European Union pertaining to the use of light-emitting diode technology and high investments in R&D of energy-efficient lighting solutions in many European countries.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global LED Materials Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global LED Materials Market dynamics, structure by analyzing the market segments and project Global LED Materials Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global LED Materials Market the report investor’s guide.
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Scope of Global LED Materials Market
Global LED Materials Market Segmentation by Material Type
Global LED Materials Market Segmentation by Application
• General (Industrial and Residential)
• Automotive Lighting
Global LED Materials Market Segmentation by Region
• North America
• MEA& Africa
• South Africa
Global LED Materials Market Major players
• Nichia Corporation (Japan)
• Epistar Corporation (Taiwan)
• Koninklijke Philips N.V. (Netherlands)
• OSRAM Licht AG (Germany)
• II-VI incorporated (U.S.)
• AkzoNobel (Netherlands)
• Fagerhult Group
• Cree, Inc.
• Hitachi Metals, Ltd
• Sumitomo Electric Industries
• UBE Industries, Ltd
• Addison Engineering, Inc.
• China Crystal Technologies Co., Ltd
• Dowa Electronic Materials Co Ltd
• Epigan NV
• Everlight Electronics Co., Ltd
• Freiberger Compound Materials GmbH
• Lake LED Materials Co., Ltd
• LG Innotek
• Macom Technology Solutions
• MTI Corporation
• Seoul Semiconductors Co, Ltd
• Sino Nitride Semiconductor Co, Ltd
• Six Point Materials, Inc.
• Xinxiang Shenzhou Crystal Technology Co., Ltd
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