LED Materials Market 2019 | Analysis Includes Growth, Trends, Technologies & Opportunities Forecast 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 presumed to
register 10.92 CAGR during the assessment period
(2018-2024) owing to the increasing demand for
energy efficient lights, asserts Market Research
Future (MRFR). A light emitting diode or LED is
referred to as a semiconductor device which
produces incoherent narrow spectrum of light when
it is in forward biased condition. LEDs find its
application in camera, HDTV, telecommunications,
camcorder, TV remote control, and optical fiber
communication. The global market for LED
Materials is highly influenced by the adoption of
advanced technologies like Internet of Things
(IoT), artificial intelligence, and
automation. Drivers and Constraints Impacting the
Market LED Materials consist of phosphor,
silicon, and sapphire, and re highly used in the
manufacture of LED lights. The global market for
LED materials is highly influenced by the
adoption of advanced technologies like IoT,
artificial intelligence, and automation. With
rapid urbanization, the LED materials market is
estimated to propel. Adoption of LED in HDTV and
smartphones is further considered to foster the
market growth during the review period. LED
Materials are also used in hospitals, cruise ship
lights, industrial, and residential lighting.
Moreover, favorable government policies such as
certification programs and various labeling offer
new growth opportunities for the growth of the
market. On the flip side, the short lifespan of
LED Materials can retard the market growth
globally in the coming years. Moreover, the
volatility in the raw materials prices leading
to lower demand for LED materials along with the
high initial cost of LEDs is likely to curtail
the market growth across the globe.
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LED Materials Market Research Report- Forecast to
2024
Segmental Analysis
The Global LED Materials Market has been
segmented on the basis of Component, Application
and Region. By mode of Component, the Global LED
Materials Market has been segmented into
substrates/semiconductors, wafers, phosphor,
epitaxy material, and others. Among these, the
wafers segment is further sub-segmented into
sapphire, silicon, silicon carbide, and others.
The silicon segment is anticipated to showcase
robust growth rate due to extensive use of wafers
in the microelectronic devices. By Mode of
Application, the Global LED Materials Market has
been segmented into automotive exterior lighting,
healthcare, consumer electronics, general
lighting, automotive interior lighting, display
and billboards, and others. Among these, the
segment for residential lighting is considered to
garner USD 9650.6 million by the end of the
forecast period owing to the construction of
infrastructural projects in residential
areas. Browse Detailed TOC, Description, and
Companies Mentioned in Report _at_
https//www.marketresearchfuture.com/reports/led-m
aterials-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.,
• SRAM Opto Semiconductors GmbH

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