LED Materials Market: Global Industry Analysis and Forecast (2021-2027), Key Trends.

LED Materials Market size was valued at US$ 11.42 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 10.3% through 2021 to 2027, reaching nearly US$ 22.68 Bn.

LED Materials Market Overview:

Light Emitting Diodes (LEDs) have used throughout the world as they offers plenty of benefits over incandescent light sources. LEDs consumes low energy. LEDs are smaller in size, longer lifetime, fast switching, and improved physical robustness. Substrate, Wafer, Epitaxy, and Phosphor are the material types of the LEDs. General Lighting, Automotive Lighting, and Backlighting are the end-use applications of the LEDs Materials. LED Materials Market To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

LED Materials Market Dynamics:

The key major factors that are expected to boost the growth of the LEDs materials market during the forecast period 2021-2027 are the rising demand from the horticulture market, increasing sales and the production of automotive cars and rapidly increasing electrical and electronics industries, growing regulations related to the use of inefficient lighting technologies, rising government subsidies towards sustainable lighting in emerging economies, Li-fi development, and bans on the use of incandescent bulbs in many developing countries. The value of LEDs production in India was reached to 130 billion Indian rupees in 2019 and the production value of LEDs in India was reached to 162.5 billion Indian rupees in 2020. LEDs provides many advantages such as energy efficiency, long life, durable quality, ecologically friendly, operational in extremely hot or cold temperatures, design flexibility, light dispersement, zero UV emissions, and many more benefits that LEDs offers. These are the key benefits of LEDs that are expected to drives the growth of the global LEDs materials market during the forecast period 2021-2027. LED Materials MarketHigh Costs of LEDs materials, raw material prices fluctuations, substitute products availability, lack of universal enforcement directives related to the use of LEDs in many end-user industries and minimum adoption in many underdeveloped countries are the major restraining factors that are expected to hamper the growth of the global LEDs materials market during the forecast period 2021-2027.

LED Materials Market Segment Analysis:

Based on the Material Type, the market is segmented into Substrate, Wafer, Epitaxy, and Phosphor. Wafer LED Materials segment is expected to hold the largest market share of xx% by 2027. This is due to the rising adoption of the cost effective of six and eight-inch size of wafer material type. Various LEDs production companies are preferring large diameter wafer. This is because the yield of the large diameter wafers materials is large as compared to other types of the materials. These are the key drivers of the wafer LEDs material that are expected to drives the growth of this segment in the global market during the forecast period 2021-2027. Based on the Application, the market is segmented into General Lighting, Automotive Lighting, Backlighting, and Others. General Lighting segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. This is due to increasing application and huge demand of light emitting diodes (LEDs) in energy-efficient lighting. LED luminaires are utilised in streetlights, high bays, downlights, track lights, troffers, and other applications in the residential and commercial industries because they give more light per output power. Countries such as the United States, New Zealand, the United Kingdom, India, Canada, Taiwan, and Australia, among others, have taken a number of steps to replace traditional, less durable, high-power-consuming bulbs with energy-efficient LED bulbs, hence increasing demand for LED material. These are the factors that boost the growth of the general lighting segment in the global market during the forecast period 2021-2027. LED Materials Market

LED Materials Market Regional Insights:

Asia Pacific dominates the Global LED Materials market during the forecast period 2021-2027. Asia Pacific is expected hold the largest market share of xx% by 2027. LED material requirements in Asia-Pacific have been driven by factors such as increased use in general illumination and increased infrastructure growth. LED is widely used in industries such as automotive, general lighting, mobile devices, healthcare, forensics, academia, and street lighting. Due to this factor, the market's growth is expected to be boosted by the wide range of LED applications. The widespread use of LEDs as a replacement for fluorescent, high-intensity discharge (HID), and incandescent lights is expected to boost demand for LED material. The Asia-Pacific region is known around the world for its industrial foundation. Some of the leading LED manufacturers may be found in China, Taiwan, Japan, and India. Large-scale LED manufacturing companies are expected to drive the market for LED material in Asia-Pacific countries such as China, South Korea, and Taiwan. These are the major factors that drive the growth of this region in the Global LEDs material market during the forecast period 2021-2027. North America is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. This is due to the increased building reconstruction and increased vehicle production in the United States and Canada. The United States is the market leader in the North America region. This is due to the United States is thriving in the electrical and electronics industry. Europe is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. This is due to the new European Union rules and standards pertaining to the usage of light-emitting diode (LEDs) technology, as well as strong investments in R&D of energy-efficient lighting solutions in many European countries such as UK, Germany, Spain, and other countries in the Europe region. The objective of the report is to present a comprehensive analysis of the Global LED Materials Market to the stakeholders in the industry. The past and current status of the industry with the 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 include market leaders, followers, and new entrants. PORTER, 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 analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global LED Materials Market dynamic, structure by analyzing the market segments and project the Global LED Materials Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global LED Materials Market make the report investor’s guide.

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Global LED Materials Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 11.42 Bn.
Forecast Period 2021 to 2027 CAGR: 10.3% Market Size in 2027: US $ 22.68 Bn.
Segments Covered: by Material Type • Substrate • Wafer • Epitaxy • Phosphor
by Application • General Lighting • Automotive Lighting • Backlighting • Others

LED Materials Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

LED Materials Market Key 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 Frequently Asked Questions: 1] What segments are covered in LED Materials Market report? Ans. The segments covered in LED Materials Market report are based on Material Type, and Application. 2] Which region is expected to hold the highest share in the LED Materials Market? Ans. Asia Pacific is expected to hold the highest share in the LED Materials Market. 3] Who are the top key players in the LED Materials Market? Ans. Nichia Corporation (Japan), Epistar Corporation (Taiwan), Koninklijke Philips N.V. (Netherlands), OSRAM Licht AG (Germany), and II-VI incorporated (U.S.) are the top key players in the Global LED Materials Market. 4] Which segment holds the largest market share in the LED Materials market by 2027? Ans. Wafer LEDs material segment hold the largest market share in the Global LED Materials market by 2027. 5] What is the market size of the LED Materials market by 2027? Ans. The market size of the LED Materials market is US $22.68 Bn. by 2027. 6] What was the market size of the LED Materials market in 2020? Ans. The market size of the LED Materials market was worth US $11.42 Bn. in 2020.
1. Global LED Materials Market: Research Methodology 2. Global LED Materials Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global LED Materials Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global LED Materials Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global LED Materials Market Segmentation 4.1 Global LED Materials Market, by Material Type (2020-2027) • Substrate • Wafer • Epitaxy • Phosphor 4.2 Global LED Materials Market, by Application (2020-2027) • General Lighting • Automotive Lighting • Backlighting • Others 5. North America LED Materials Market (2020-2027) 5.1 Global LED Materials Market, by Material Type (2020-2027) • Substrate • Wafer • Epitaxy • Phosphor 5.2 Global LED Materials Market, by Application (2020-2027) • General Lighting • Automotive Lighting • Backlighting • Others 5.3 North America LED Materials Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific LED Materials Market (2020-2027) 6.1. Asia Pacific LED Materials Market, by Material Type (2020-2027) 6.2. Asia Pacific LED Materials Market, by Application (2020-2027) 6.3. Asia Pacific LED Materials Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa LED Materials Market (2020-2027) 7.1 Middle East and Africa LED Materials Market, by Material Type (2020-2027) 7.2. Middle East and Africa LED Materials Market, by Application (2020-2027) 7.3. Middle East and Africa LED Materials Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America LED Materials Market (2020-2027) 8.1. Latin America LED Materials Market, by Material Type (2020-2027) 8.2. Latin America LED Materials Market, by Application (2020-2027) 8.3. Latin America LED Materials Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European LED Materials Market (2020-2027) 9.1. European LED Materials Market, by Material Type (2020-2027) 9.2. European LED Materials Market, by Application (2020-2027) 9.3. European LED Materials Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Nichia Corporation (Japan) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Epistar Corporation (Taiwan) 10.3. Koninklijke Philips N.V. (Netherlands) 10.4. OSRAM Licht AG (Germany) 10.5. II-VI incorporated (U.S.) 10.6. AkzoNobel (Netherlands) 10.7. Fagerhult Group 10.8. Cree, Inc. 10.9. Hitachi Metals, Ltd 10.10. Sumitomo Electric Industries 10.11. UBE Industries, Ltd 10.12. Addison Engineering, Inc. 10.13. China Crystal Technologies Co., Ltd 10.14. Dowa Electronic Materials Co Ltd 10.15. Epigan NV 10.16. Everlight Electronics Co., Ltd

About This Report

Report ID 71598
Category Material & Chemical
Published Date September 2020
Updated Date Dec 2021
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