Global Led Materials Industry was valued at USD 8.61 Billion in the year 2018. Global LED Material Industry is further estimated to grow at a CAGR of 10.21% from 2018 to reach USD 18.55 Billion by the year 2025. Asia-Pacific region holds the highest Industry share in 2017 and Europe Industry is the second largest in the Industry. At a country level, developed markets like China holds the notable Industry share in 2018 and it is projected to grow at a gradual rate in the coming years.
Segmentation done on the basis of Product Type includes Wafer, Epitaxy, Substrate, and Phosphor of which the Wafer segment is expected to hold the highest Industry share during the forecast period. On the other hand, segmentation done on the basis of Application include Automotive Lighting, Backlighting, Mobile Devices and General Lighting, of which General Lighting segment is expected to grow at the highest CAGR during the forecast period.
Major market players in are Koninklijke Philips N.V., OSRAM GmbH, Hitachi Metals, Ltd., Akzonobel N.V, Nichia Corporation, Epistar Corporation, UBE Industries, Ltd., Cree Inc., Sumitomo Electric Industries, Ltd., II-VI Incorporated, and 10 more companies detailed information is provided in the report.
SWOT analysis of Led Materials Industry
Use of LEDs in vertical farming
Short Lifespan of LED materials
Growing demand for horticulture Industry
Availability of substitute raw material
Led Materials Industry Segmentation
Led Materials Industry Overview, By Product Type
Led Materials Industry Overview, By Application
• Automotive Lighting
• Mobile Devices
• General Lighting
Led Materials Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa