LED Materials Market worth 12.55 Billion USD by 2021

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MarketsandMarkets Presents
LED Materials Market by Material Type,
Application Region - Global Forecast to 2021

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LED Materials Market worth 12.55 Billion USD by
2021
The report "LED Materials Market by Material
Type (Substrate, Wafer, Epitaxy, Phosphor),
Application (General Lighting (Residential,
Industrial, Outdoor), Automotive Lighting
(Interior, Exterior), Backlighting), and Region -
Global Forecast to 2021", The market for LED
materials is expected to reach USD 12.55 Billion
by 2021, at a CAGR of 9.9 from 2016 to 2021.
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LED Materials Market worth 12.55 Billion USD by
2021
Browse gtgt 61 data tables
30 figures
121 Pages in-depth TOC on LED Materials
Market Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. The market is driven by the growing demand
for LED materials in the general lighting
application. This growth results from an increase
in the demand for LEDs for residential and
industrial facilities purposes. The use of LEDs
in these applications helps reduce the overall
energy bill, thus reducing the carbon footprint
of these applications. Report Price Single
User License US 5650 Corporate User License
US 8150
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LED Materials Market worth 12.55 Billion USD by
2021
Asia-Pacific The largest market for LED
materials in 2016 Asia-Pacific is currently the
largest market for LED materials. China is the
leading country where there is major consumption
of LED materials in end-use industries such as
general lighting, automotive lighting,
backlighting, and others. Moreover, the growing
population with rising disposable income in China
is driving the demand for better quality LED
materials.
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LED Materials Market worth 12.55 Billion USD by
2021
Wafers is the largest type segment of the LED
materials market in 2016 LEDs are constructed
using the following materials wafer, epitaxy,
substrate, and phosphor. The wafers segment
accounted for the largest market share, in terms
of value, followed by the epitaxy segment in
2016. The wafers segment is also projected to
grow at the highest CAGR from 2016 to 2021, in
terms of value.
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LED Materials Market worth 12.55 Billion USD by
2021
General lighting expected to dominate the market
for LED materials market in 2016 The general
lighting application segment is projected to
drive the LED materials market, aided by the
increased demand from residential LED markets to
reduce the overall energy costs. Industrial
lighting, which comes under general lighting, is
also expected to contribute to the growth of LED
materials market. The use of LEDs in industrial
settings has increased as they are able to
overcome challenges such as extreme temperature
ranges and continuous or long operational hours
better than the conventional lighting sources.
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LED Materials Market worth 12.55 Billion USD by
2021
Key Players - Key players in the LED materials
market are Sumitomo Electric Industries, Ltd.
(Japan), Hitachi Metals, Ltd. (Japan), Cree, Inc.
(U.S.), Seoul Semiconductor Co., Ltd. (South
Korea), Nichia Corporation (Japan), EPISTAR
Corporation (Taiwan), Koninklijke Philips N.V.
(Netherlands), OSRAM Licht AG (Germany), II-VI
incorporated (U.S.), and Akzo Nobel N.V.
(Netherlands) etc. Purchase a Copy of this
Report Today !
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