LED Materials Market Business Overview, Challenges, Opportunities, Trends and Market Analysis by 2024

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LED Materials Market Research Report - Forecast
to 2024
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2024
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LED Materials Market Research Report- Forecast to
2024
LED Materials Market - Overview
The Global LED Materials Market capitalization
is anticipated to touch USD 21,457.3 million by
2024, as per an in-depth report by Market
Research Future (MRFR). It is expected to expand
at a 10.92 CAGR during the assessment period
(2018-2024) owing to pressing demand for energy
efficient lights. LED materials comprise silicon,
phosphor, and sapphire and primarily used in the
manufacture of light-emitting diode (LED)
lights. The booming automotive sector in the Asia
Pacific, fueled by consumers of economies such as
India and China can drive the global market
demand over the forecast period. Environmental
concerns can pose a challenge to the market. But
the emergence of light fidelity (Li-Fi) and
increasing use of LEDs across industries can open
up new doors for the market for expansion
purposes. Demand in optoelectronics applications
and demand for lights in indoor farming can
bolster market demand over the coming
years. Report Overview This report covers
current events and trends in the market for LED
Materials to provide the most accurate forecasts
and predictions. By correlating the historical
data with key market dynamics, our analysts were
able to make highly accurate projections in the
report. MRFRs report includes a thorough
segmental analysis of the Global LED Materials
Market segmented on the basis of type,
application, and region with astute insights.
This report has been prepared to assist industry
players in making the right decisions which can
culminate in fruitful investments. Users will
also come across drivers, trends, opportunities,
and restraints which are likely to influence the
growth of the market during the assessment period.
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LED Materials Market Research Report- Forecast to
2024
Segmental Analysis
By Component, the LED Materials Market has been
segmented into wafers, substrates/semiconductors,
epitaxy material, phosphor, and others. The
wafers segment is sub-segmented into silicon,
silicon carbide, sapphire, and others. The
sapphire segment is touted to expand at a CAGR of
8.25 during the forecast period. The silicon
segment is projected to experience robust growth
owing to high use of wafers in microelectronic
devices. By Application, the market is segmented
into general lighting, consumer electronics,
automotive interior lighting, automotive exterior
lighting, healthcare, display and billboards, and
others. The residential lighting segment is
anticipated to touch a valuation of USD 9650.6
million by 2024 owing to construction of various
infrastructural projects in residential
areas. The segments and sub-segments covered in
the report are analyzed under four major regions
North America, Latin America, Europe, The
Middle East and Africa (MEA), and Asia Pacific
(APAC), with respective country-level market
sizing. The standard definition of LED material
is included in the report for a comprehensive
understanding of the market. The report discusses
and interprets the current trends and future
opportunities of the market by delivering an
unbiased growth assessment. Access Report
Details _at_ https//www.marketresearchfuture.com/rep
orts/led-materials-market-6228

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LED Materials Market Research Report- Forecast to
2024
Regional Outlook
Geographically, the LED materials market span
across regions namely, North America, Asia
Pacific, Europe, Latin America, and the Middle
East and Africa. Among all the regions, Asia
Pacific is presumed to dominate the global market
and reach USD 9,011.2 million by the end of the
assessment period. The market in this region is
estimated to expand at 12.23 CAGR due to the
growth of the end-use industries such as
construction, electrical and electronics, and
automotive. Also, high demand for
energy-efficient lights in the construction
sector coupled with an increasing population base
in Thailand, India, South Korea, and China are
considered to drive the market in this
region. The North American region is anticipated
to hold the second-largest position owing to the
growing demand for high energy-efficient
vehicles. The market in this region is presumed
to touch USD 5,056.9 million by the end of
2024. Europe is presumed to garner USD 4,496.5
million by the end of 2024 due to the rising
production of energy-efficient vehicles.
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LED Materials Market Research Report- Forecast to
2024
Major Players in this Research

• LED Materials Market Prominent Players
• EpiGaN, Epistar Corporation
• AkzoNobel N.V.
• Plessey
• DOWA Electronics Materials Co., Ltd. (DOWA
  Materials Co., Ltd)
• Sumitomo Electric Industries, Ltd.
• Nichia Corporation
• Intematix
• II-VI Incorporated
• MACOM
• UBE INDUSTRIES, LTD.
• Cree, Inc.
• OSRAM Opto Semiconductors GmbH

Get In-Depth Sample Report _at_ https//www.marketres
earchfuture.com/sample_request/6228
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