Global Light-Emitting Diode (LED) Materials Market By Type (Wafer, Substrate Materials, Epitaxial Materials, Phosphor), Application (General Lighting, Automotive Lighting, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Light-Emitting Diode (LED) Materials Market
Light-emitting diode (LED) materials market is expected to register its growth at a rate of 9.83% for the forecast period of 2021 to 2028. Data Bridge Market Research report on light-emitting diode (LED) materials market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Light-emitting diodes (LEDs) are the type of small colored lights available in various colors. They are used in several applications such as residential, automobile and industrial. Various features of the light emitting diodes depend upon their material composition. Material such as wafer, substrate, epitaxy and phosphor decides ocular properties such as color, brightness and effectiveness of LEDs.
The ban on the use of incandescent bulbs in many countries is expected to augment market growth in the forecast period of 2021 to 2028. The rise in the usage in the various applications such as automobile, residential and industrial, rise in the government subsidies towards sustainable lighting in emerging economies as well as the increase in the regulations pertaining to use of inefficient lighting technologies are also expected to be as the major factors leading to the growth of the light-emitting diode (LED) materials market. The major factor accountable for the growth of the market is the rise in the application and demand of LED in energy efficient and high resolution displays in smart phones and high definition television.
In addition, the high demand from horticulture markets, rapid development of Li-Fi and the rise in the focus on information technology and strengthening power generation and distribution infrastructure of developing economies are projected to create lucrative opportunities in the above mentioned forecast period.
However, the lifespan of the LED devices and lack of awareness regarding the advantage of LEDs are expected to act as major restraining factors towards the growth of the light-emitting diode (LED) materials market, whereas the unstable economy and decline in automobile sales can challenge to the market growth over the forecast period.
This light-emitting diode (LED) materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on light-emitting diode (LED) materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Light-Emitting Diode (LED) Materials Market Scope and Market Size
Light-emitting diode (LED) materials market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the light-emitting diode (LED) materials market is segmented into wafer, substrate materials, epitaxial materials and phosphor. Substrate materials have further been segmented into silicon carbide, silicon and sapphire. Wafer has further been segmented into gallium arsenide and gallium nitride. Epitaxial materials have further been segmented into trimethylgallium and trimethylaluminum.
- On the basis of application, the light-emitting diode (LED) materials market is segmented into general lighting, automotive lighting and others. General lighting has further been segmented into residential lighting, industrial lighting, outdoor lighting and others. Automotive lighting has further been segmented into interior lighting, exterior lighting, backlighting, televisions, monitors and handheld devices.
Light-Emitting Diode (LED) Materials Market Country Level Analysis
Light-emitting diode (LED) materials market is analyzed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the light-emitting diode (LED) materials market due to the expanding building and construction activities as well as the rapid economic development and government policies. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the rise in reconstruction of buildings and increase in the automotive production in the U.S. and Canada.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Light-Emitting Diode (LED) Materials Market Share Analysis
Light-emitting diode (LED) materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to light-emitting diode (LED) materials market.
The major players covered in the light-emitting diode (LED) materials market report are Akzonobel N.V, Cree, Inc., EPISTAR Corporation, Hitachi Metals, Ltd., II-VI Incorporated, Koninklijke Philips N.V., NICHIA CORPORATION, OSRAM Opto Semiconductors GmbH, Sumitomo Electric Industries, Ltd., UBE INDUSTRIES,LTD., Addison Engineering, Inc., DOWA Electronic Materials Co Ltd, Freiberger Compound Materials GmbH, Lake Materials Co., Ltd., MACOM, MTI Corporation, Seoul Semiconductors Co, Ltd, SixPoint Materials, Inc., R K Lighting India and SORAA, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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