LED Materials Market Notable Developments, Potential Players & Worldwide Opportunities

Market Values:

The global LED Materials Market was valued at US$ 13.89 billion in 2022 and is projected to grow at a CAGR of 10.3% through 2023 to 2029, reaching nearly US$ 27.59 billion.

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Report Scope: The LED Materials Market report provides a comprehensive analysis of the industry landscape, covering past performance, current trends, and future projections. It encompasses market dynamics, segmentation by material type, application, and regional insights, along with a detailed competitive analysis.

Research Methodology: The report utilizes rigorous research methodologies to analyze complex data and present insights in a simplified manner. It includes PORTER analysis, PESTEL analysis, and assesses the potential impact of micro-economic factors on the market. Both external and internal factors influencing the industry are analyzed to provide a clear view to decision-makers.

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Drivers:

Rising demand from the horticulture market.
Increased sales and production of automotive cars.
Growing electrical and electronics industries.
Government subsidies towards sustainable lighting.
Development of Li-fi technology.
Bans on inefficient lighting technologies in developing countries.

Restraints:

High costs of LED materials.
Fluctuations in raw material prices.
Availability of substitute products.
Lack of universal enforcement directives.
Limited adoption in underdeveloped countries.

Regional Insights:

Asia Pacific dominates the Global LED Materials market, driven by increased use in general illumination and infrastructure growth. Leading LED manufacturers in countries like China, Taiwan, Japan, and India contribute significantly to market growth.
North America is expected to witness rapid growth due to increased building reconstruction and vehicle production, particularly in the United States and Canada.
Europe is experiencing growth driven by new EU rules on LED technology usage and investments in energy-efficient lighting solutions in countries like UK, Germany, and Spain.

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Segmentation

by Material Type

Substrate
Wafer
Epitaxy
Phosphor

The market is divided into four segments based on the kind of material: substrate, wafer, epitaxy, and phosphor. By 2029, the Wafer LED Materials segment is anticipated to have the biggest market share. This is because more and more people are choosing to use the more affordable six- and eight-inch wafer material sizes. Several LED manufacturing companies favor wafers with a big diameter. This is as a result of the big diameter wafer materials' higher yield when compared to other material types. These are the main factors influencing the wafer LEDs material, which are anticipated to propel this market segment's expansion globally over the forecast period of 2023-2029.

by Application

General Lighting
Automotive Lighting
Backlighting
Others

The market is divided into four segments based on the application: backlighting, automotive lighting, general lighting, and others. Over the projection period of 2023-2029, the general lighting segment is anticipated to increase at a CAGR of. This is a result of the growing use and enormous demand for light-emitting diodes, or LEDs, in lighting that uses less energy. Because LED luminaires provide more light per output power, they are used in troffers, streetlights, high bays, downlights, track lights, and other applications in the commercial and residential sectors. The demand for LED material is rising as a result of several initiatives launched by nations including the US, New Zealand, UK, India, Canada, Taiwan, and Australia to switch from conventional, less long-lasting, high-power bulbs to energy-efficient LED bulbs.

by Product

LED Lamps
LED Fixtures

by End User

Commerical
Residential
Others
Industrial

Key Players

1. Nichia Corporation (Japan)
2. Epistar Corporation (Taiwan)
3. Koninklijke Philips N.V. (Netherlands)
4. OSRAM Licht AG (Germany)
5. II-VI incorporated (U.S.)
6. AkzoNobel (Netherlands)
7. Fagerhult Group
8. Cree, Inc.
9. Hitachi Metals, Ltd
10. Sumitomo Electric Industries
11. UBE Industries, Ltd
12. Addison Engineering, Inc.
13. China Crystal Technologies Co., Ltd
14. Dowa Electronic Materials Co Ltd
15. Epigan NV
16. Everlight Electronics Co., Ltd

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Table of Content: LED Materials Market

Part 01: Executive Summary

Part 02: Scope of the LED Materials Market Report

Part 03: Global LED Materials Market Landscape

Part 04: Global LED Materials Market Sizing

Part 05: Global LED Materials Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key Offerings:

A detailed Market Overview
Market Share, Size & Forecast by Revenue
Market Dynamics - Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation - A detailed analysis of segments and sub-segments
Competitive Landscape - Top Key Vendors and Other Prominent Vendors

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