Global LED Materials Market By Type (Wafer, Substrate Materials, Epitaxial Materials, Phosphor), By Application (General Lighting, Automotive Lighting, Others), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global LED Materials Market
Global LED Materials Market is registering healthy CAGR of 10.5% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the ban on usage of incandescent bulbs demand of energy efficient lighting and HD displays.
Market Definition: Global LED Materials Market
A light emitting diode or LED is a semiconductor device. Light-emitting diode turn out incoherent slim spectrum of sunshine once it's in forward biased condition. The color of the sunshine emitted depends on the composition of the semiconductor material utilized in producing of light-emitting diode. It’s extensively utilized in associate array of application like display devices on clock, digital watches, lighting bulbs, radios, and calculators. LED additionally has its applications in high definition TV, camera, camcorder, telecommunications, glass fiber communication, and television remote controls.
- Ban on the usage of incandescent bulbs is boosting the growth of the market
- Increasing demand for energy-efficient lighting is contributing to the growth of the market
- Increasing demand for high-definition displays is propelling the growth of the market
- Government subsidies in rising economies will increase light-emitting diode consumption is driving the growth of the market
- Lifespan of the LED devices is restricting the growth of the market
- Lack of Awareness about the Advantage of LEDs is hindering the growth of the market
Segmentation: Global LED Materials Market
- Substrate Materials
- Silicon Carbide
- Gallium Arsenide
- Gallium Nitride
- Epitaxy Materials
- General Lighting
- Residential Lighting
- Industrial Lighting
- Outdoor Lighting
- Other General Lighting Applications
- Automotive Lighting
- Interior Lighting
- Exterior Lighting
- Handheld Devices
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In April 2019, American Industrial Partners (AIP) has completed its takeover of current powered by GE, to concentrate on purchasing, improving and increasing economic enterprises. With the Current's portfolio, the company's portfolio is expanded to include LEDs and traditional lighting alternatives, along with a broad range of smart checks, detectors and technology alternatives. The company provides energy benefits and operating productivity to its clients, including commercial headquarters, retail shops, manufacturing installations, and towns.
- In April 2019, The Fagerhult Group has finalized the takeover of the Italian iGuzzini illuminazione S.p. A. for USD 421.6 million in cash and stock. It develops and produces internal lamps and outdoor lighting. This purchase will extend the business to the different geographies and exonerate the industry which will lead to an increase in the company's income.
Global LED Materials Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global LED Materials Market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the Global LED Materials Market are Akzonobel N.V, Cree, Inc., Epistar Corporation, Hitachi Metals, Ltd., II-VI Incorporated, Koninklijke Philips N.V., Nichia Corporation, Osram Licht AG, Sumitomo Electric Industries, UBE Industries, Ltd., Addison Engineering, Inc., China Crystal Technologies Co., Ltd, Dowa Electronic Materials Co Ltd, Epigan NV, Everlight Electronics Co., Ltd, Freiberger Compound Materials GmbH, Lake LED Materials Co., Ltd, LG Innotek, Macom Technology Solutions, MTI Corporation, Seoul Semiconductors Co, Ltd, Sino Nitride Semiconductor Co, Ltd, Six Point Materials, Inc., Soraa, Xinxiang Shenzhou Crystal Technology Co., Ltd
Research Methodology: Global LED Materials Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved