LED Material Market Is Projected To Grow At A CAGR Of Over 9%, In Value Terms, During Forecast Period 2025 | TechSci Research

According To TechSci Research, Global led material market is projected to grow at a CAGR of over 9%, in value terms, during 2015-2025. Increase in demand for energy efficient LED’s, increasing use of Infrared LEDs in automotive, consumer durables and other industries, growing penetration of these LEDs in smartphones, surveillance systems and other segments, growing adoption of infrared LEDs in remote sensing and hyper spectral imaging and increasing usage of infrared technology in sensors are some factors, that will propel the demand for LED material over the next five years. APAC is anticipated to remain a strong contributor in the LED material market in the forecast period, owing to increased adoption rate and government incentives. APAC is expected to register faster CAGR than any other region, backed by growing opportunities from automotive sector.

Years considered for this report:

• Historical Year : 2014 – 2017
• Base Year : 2018
• Estimated : 2019
• Forecast : 2020 – 2024

Objective of the Study:

• To analyze and forecast market size of the global led material market, in terms of values.
• To define, classify and forecast the global LED Material on the basis type, application and region.
• To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global LED material into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
• To identify tailwinds and headwinds for the global LED material market.
• To examine competitive developments such as expansions, new material development, contracts and mergers & acquisitions in the global led material market.
• To evaluate competitor and trends in the global LED material market.
• To strategically profile the leading players, which are involved in of LED material market globally.

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Some of the major players operating in the global LED material are Akzonobel N.V, Cree, Inc., Epistar Corporation, Hitachi Metals, Ltd., Koninklijke Philips N.V., Nichia Corporation, Osram Licht AG, Sumitomo Electric Industries etc.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of LED material manufacturers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analysed type, application and regional presence of all major LED material manufacturers across the globe.

TechSci Research calculated the market size for the global LED material using a bottom-up approach, where providers’ value data for different type of (substrate material, wafer & phosphor), LED material was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

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Key Target Audience:

• Global led material manufacturers
• Research organizations and consulting companies
• Organizations, associations and alliances related to LED Material
• Government bodies such as regulating authorities and policy makers.
• Industry associations
• Building and Construction, Automotive & Transportation and all Related End User Companies

 The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as manufacturers, distributor, exporter and policy makers, which market segments should be targeted over the LED material coming years (next five years) in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, global LED material has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• LED material Market, by Type:
  • Global LED Material Market
    • Substrate Material
    • Wafer
    • Phosphor
• LED material Market, by Substrate Material Type:
  • Global LED Material Market
    • Silicon Carbide
    • Silicon
    • Sapphire
• Market, by Wafer Type:
  • Global LED Material Market
    • Gallium Arsenide
    • Gallium Nitride
• LED material Market, by Application:
  • • General Lighting
    • Automotive Lighting
    • Others
• LED material Market, by General Lighting Type:
  • • Residential Lighting
    • Industrial Lighting
    • Outdoor Lighting
    • Other General Lighting Application
• LED material Market, by Automotive Lighting Type:
  • • Interior Lighting
    • Exterior Lighting
    • Backlighting
    • Televisions
    • Monitors
    • Handheld Devices
• LED material Market, by Geography:
  • North America
    • United States
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Australia
    • India
    • Rest of APAC
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • MEA
    • Saudi Arabia
    • UAE
    • Israel
    • South Africa
    • Rest of MEA

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players

Company Profiles: Detailed analysis of the major companies present in the global LED material market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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