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LED Materials Market 2021


[121 Pages Report] LED Materials Market research report categorizes the global market by Application (Automotive Lighting (Exterior, Interior), General Lighting (Industrial, Outdoor, Residential), Backlighting), Material Type (Wafer, Epitaxy, Phosphor, Substrate) & by Geography. – PowerPoint PPT presentation

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Title: LED Materials Market 2021

LED Materials Market to Exceed 12.55 Billion USD
by 2021
  • The report "LED Materials Market by Material Type
    (Substrate, Wafer, Epitaxy, Phosphor),
    Application (General Lighting (Residential,
    Industrial, Outdoor), Automotive Lighting
    (Interior, Exterior), Backlighting), and Region -
    Global Forecast to 2021", The market for LED
    materials is expected to reach USD 12.55 Billion
    by 2021, at a CAGR of 9.9 from 2016 to 2021.
  • Browse 61 market data tables and 30 figures
    spread through 121 pages and in-depth TOC on "LED
    Materials Market by Material Type (Substrate,
    Wafer, Epitaxy, Phosphor), Application (General
    Lighting (Residential, Industrial, Outdoor),
    Automotive Lighting (Interior, Exterior),
    Backlighting), and Region - Global Forecast to

  • The market is driven by the growing demand for
    LED materials in the general lighting
    application. This growth results from an increase
    in the demand for LEDs for residential and
    industrial facilities purposes. The use of LEDs
    in these applications helps reduce the overall
    energy bill, thus reducing the carbon footprint
    of these applications.
  • Early buyers will receive 10 customization on
    this report
  • Asia-Pacific The largest market for LED
    materials in 2016
  • Asia-Pacific is currently the largest market for
    LED materials. China is the leading country where
    there is major consumption of LED materials in
    end-use industries such as general lighting,
    automotive lighting, backlighting, and others.
    Moreover, the growing population with rising
    disposable income in China is driving the demand
    for better quality LED materials.

Wafers is the largest type segment of the LED
materials market in 2016 LEDs are constructed
using the following materials wafer, epitaxy,
substrate, and phosphor. The wafers segment
accounted for the largest market share, in terms
of value, followed by the epitaxy segment in
2016. The wafers segment is also projected to
grow at the highest CAGR from 2016 to 2021, in
terms of value. General lighting expected to
dominate the market for LED materials market in
2016 The general lighting application segment is
projected to drive the LED materials market,
aided by the increased demand from residential
LED markets to reduce the overall energy costs.
Industrial lighting, which comes under general
lighting, is also expected to contribute to the
growth of LED materials market. The use of LEDs
in industrial settings has increased as they are
able to overcome challenges such as extreme
temperature ranges and continuous or long
operational hours better than the conventional
lighting sources. Key players in the LED
materials market are Sumitomo Electric
Industries, Ltd. (Japan), Hitachi Metals, Ltd.
(Japan), Cree, Inc. (U.S.), Seoul Semiconductor
Co., Ltd. (South Korea), Nichia Corporation
(Japan), EPISTAR Corporation (Taiwan),
Koninklijke Philips N.V. (Netherlands), OSRAM
Licht AG (Germany), II-VI incorporated (U.S.),
and Akzo Nobel N.V. (Netherlands).
  • Major Market Developments
  • In March 2017, Cree launched XLamp XHP70.2 LED, a
    new generation of LED which produced 9 more
    lumen and 18 higher lumens-per-watt than the
    previous generation XHP70 LED. This also helped
    in making luminaires smaller and increase optical
    control for lighting applications.
  • In October 2016, Epistar Corporation and Super
    Trend Lighting (Group) Ltd. (Hong Kong) signed a
    license agreement. This agreement allowed Super
    Trend Lighting to use Epistar's filament patents
    in its products. The patents used were limited to
    areas of Europe, the U.S., China, and Taiwan.
  • In March 2016 Nichia Corporation (Japan) entered
    into a partnership with Future Lighting Solutions
    (Canada), a leading distributor of solid-state
    lighting technologies. The deal focuses on areas
    in the Americas and Europe and is limited to
    general lighting applications.
  • Dont miss out on business opportunities in LED
    Materials Market. Speak to our analyst and gain
    crucial industry insights that will help your
    business grow.
  • https//www.marketsandmarkets.com/speaktoanalyst.a

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