Light-Emitting Diode (LED) Materials Market Industry Trends & Forecast
Market Overview:
Light-emitting diode (LED) materials market is expected to register its growth at a rate of
9.83% for the forecast period of 2021 to 2028. Data Bridge Market Research report on lightemitting diode (LED) materials market provides analysis and insights regarding the various
factors expected to be prevalent throughout the forecasted period while providing their
impacts on the market’s growth.
Light-emitting diodes (LEDs) are the type of small colored lights available in various colors.
They are used in several applications such as residential, automobile and industrial.
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Market Segmentation:
Global Light-Emitting Diode (LED) Materials Market,
By Type (Wafer, Substrate Materials, Epitaxial Materials, Phosphor),
By Application (General Lighting, Automotive Lighting, Others),
By Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany,
France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe,
Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia,
Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of
Middle East and Africa)Industry Trends and Forecast to 2028.
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Major Key Players
Some of the major players operating in this market are :
Akzonobel N.V, Cree, Inc., EPISTAR Corporation, Hitachi Metals, Ltd., II-VI Incorporated,
Koninklijke Philips N.V., NICHIA CORPORATION, OSRAM Opto Semiconductors GmbH,
Sumitomo Electric Industries, Ltd., UBE INDUSTRIES,LTD., Addison Engineering, Inc.,
DOWA Electronic Materials Co Ltd, Freiberger Compound Materials GmbH, Lake
Materials Co., Ltd., MACOM, MTI Corporation, Seoul Semiconductors Co, Ltd, SixPoint
Materials, Inc., R K Lighting India and SORAA, among other domestic and global
players.
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Market Drivers:
•
The ban on the use of incandescent bulbs in many countries is expected to augment
market growth in the forecast period of 2021 to 2028. The rise in the usage in the various
applications such as automobile, residential and industrial, rise in the government
subsidies towards sustainable lighting in emerging economies as well as the increase in the
regulations pertaining to use of inefficient lighting technologies are also expected to be as
the major factors leading to the growth of the light-emitting diode (LED) materials market.
The major factor accountable for the growth of the market is the rise in the application
and demand of LED in energy efficient and high resolution displays in smart phones and
high definition television.
•
In addition, the high demand from horticulture markets, rapid development of Li-Fi and
the rise in the focus on information technology and strengthening power generation and
distribution infrastructure of developing economies are projected to create lucrative
opportunities in the above mentioned forecast period.
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Regional Analysis
Based on geography, the market is segmented into Four geographical
regions
❑
North America
❑
Europe
❑
Asia-Pacific
❑
Middle East & Africa
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About Data Bridge Market
Research
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