LED Materials Market Share
The innovation in product quality and launch of new materials is estimated to create a promising outlook for the LED materials market in the duration of the forecast period. The presence of strong players in the global market is assessed to augment the LED materials market further.
The central contenders in the LED materials market are Intematix, Nichia Corporation, Epistar Corporation, OSRAM Opto Semiconductors GmbH, EpiGaN, Plessey, Cree, Inc., AkzoNobel N.V., MACOM, UBE INDUSTRIES, LTD, Sumitomo Electric Industries, Ltd, DOWA Electronics Materials Co., Ltd (DOWA Materials Co., Ltd), and II-VI Incorporated.
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The revolution in lighting solutions towards eco-friendly product options is estimated to bolster the LED materials market. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. By 2024, the market is estimated to achieve a 10.92% CAGR.
Segmental Analysis
The segmental assessment of the LED materials market comprises of type, application, and region. The application segment of the LED materials market consists of automotive exterior lighting, automotive interior lighting, general lighting, consumer electronics, specialty lighting, displays and billboards, and healthcare. The type segment of the LED materials market consists of wafers, phosphor, and substrates. The region segment of the LED materials market comprises of North America, Asia Pacific, Europe, and other notable regions.
Competitive Analysis
The formation of solid trade relations among several regions is forecasted to have a beneficial effect on growth. The role of innovation is estimated to become even more critical for progress as the market grows. The upgrades in delivery strategies are anticipated to boost the market progress further shortly. The foray of digitization-based methods into operation management and forecasting is predicted to transform the global market in the forecast duration. The trends in the market are estimated to bolster the progress in the worldwide market.
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The role of government bodies is estimated to be essential to the development of the market. The presence of online channels is predicted to enhance the market's advancement in the upcoming years. The tendency to invest and expand capacities is estimated to create a good scope for the market in the upcoming years. The market is predicted to be driven by the effects of the COVID-19 pandemic by ensuring that businesses can counteract situations like these in the future. The overall support to rebuilding economic growth momentum is estimated to be increased than the past few years.
Regional Overview
The regional overview of the LED materials market comprises of North America, Asia Pacific, Europe, and other notable regions. The Asia Pacific regional market is driven mainly by the large-scale LED production industries in South Korea, China, and Taiwan. The Asia Pacific LED materials market is also an epicenter for manufacturers of original equipment (OEMs) of diverse lighting items owing to the noteworthy financing in RD in new LED products in countries. With the collective building reconstruction and swelling automobile manufacture in Canada and the United States, the North American region's LED Materials Market Research held the next principal market portion in the global market.
Industry Updates:
May 2021 A unit of researchers have conducted the primary study of phonon dispersion in a 2D hybrid material, scrutinizing how X-rays dispersed as they passed through, offering important data on the material's aptitude to carry heat. A pioneering study investigating the thermal transport properties of new material serves to guide the future of two-dimensional hybrid perovskites, a comparatively novel class of materials with motivating capacity for optoelectronic, photovoltaic, and thermoelectric applications. The perovskite line of materials has exposed prodigious promise for refining solar cells, LED lights, and other devices due to its exclusive mechanical, electrical, and optical properties.
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Feb 2021 Universal Display Corporation (UDC) company which has established the expansion of light-emitting materials for organic LED (OLED) displays, is forecasting a sharp upsurge in revenues this year as the technology finds novel applications in larger screens.
Table of Content
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 30
5 Market Factor Analysis
5.1 Supply Chain Analysis 32
5.1.1 Raw Material Suppliers 32
5.1.2 LED Materials Manufacturers 32
5.1.3 Distribution Channel 33
5.1.4 End-Use Industry 33
5.2 Porter’s Five Forces Model 33
5.2.1 Threat Of New Entrants 34
5.2.2 Threat Of Rivalry 34
5.2.3 Threat Of Substitutes 34
5.2.4 Bargaining Power Of Suppliers 34
5.2.5 Bargaining Power Of Buyers 34
6 Global LED Materials Market, By Type
6.1 Introduction 36
6.2 Wafers 37
6.2.1 Sapphire 38
6.2.2 Silicon 39
6.2.3 Silicon Carbide 39
6.2.4 Others 40
6.3 Substrates/Semiconductors 40
6.3.1 Gallium Arsenide 42
6.3.2 Gallium Nitride 42
6.3.3 Gallium Phosphide 43
6.3.4 Indium Gallium Nitride 43
6.3.5 Aluminium Gallium Arsenide 44
6.4 Phosphor 44
6.5 Epitaxy Material 45
6.6 Others 45
7 Global LED Materials Market, By Application
7.1 Introduction 47
7.2 General Lighting 48
7.2.1 Residential Lighting 49
7.2.2 II Lighting 50
7.2.3 Outdoor Lighting 50
7.2.4 Others 51
7.3 Consumer Electronics 51
7.3.1 Handheld Devices 53
7.3.2 Televisions 53
7.3.3 Backlight 54
7.3.4 Monitors 54
7.3.5 Others 55
7.4 Automotive Exterior Lighting 55
7.5 Displays Billboards 56
7.6 Automotive Interior Lighting 56
7.7 Specialty Lighting 57
7.8 Healthcare 57
7.9 Others 58
8 Global LED Materials Market, By Region
8.1 Introduction 60
8.2 North America 62
8.2.1 U.S. 65
8.2.2 Canada 66
8.3 Europe 67
8.3.1 Germany 70
8.3.2 France 71
8.3.3 U.K. 72
8.3.4 Russia 73
8.3.5 Spain 74
8.3.6 Italy 75
8.3.7 Poland 76
8.3.8 Rest Of Europe 77
8.4 Asia-Pacific 78
8.4.1 China 81
8.4.2 India 82
8.4.3 Japan 83
8.4.4 Australia New Zealand 84
8.4.5 ASEAN 85
8.4.6 South Korea 86
8.4.7 Rest Of Asia-Pacific 87
8.5 Latin America 88
8.5.1 Brazil 91
8.5.2 Mexico 92
8.5.3 Argentina 93
8.5.4 Rest Of Latin America 94
8.6 Middle East Africa 95
8.6.1 Turkey 98
8.6.2 Israel 99
8.6.3 North Africa 100
8.6.4 G.C.C. 101
8.6.5 Rest Of The Middle East Africa 102
9 Competitive Landscape
9.1 Introduction 104
9.2 Market Strategy Analysis 104
9.3 Key Developments Of Market Players 105
10 Company Profiles
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