LED Materials Market Geographic Segmentation, Statistical Forecast and Competitive Analysis Report to 2024

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LED Materials Market Research Report - Forecast
to 2024
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2024
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LED Materials Market Research Report- Forecast to
2024
LED Materials Market - Overview
The Global LED Materials Market is expected to
exhibit a robust 10.92 CAGR over the forecast
period from 2018 to 2024, according to a recent
research report from Market Research Future
(MRFR). The Global LED Materials Market is
primarily driven by the growing demand for LED
lighting in residential and automotive
applications. The growing government support to
the environmentally viable LED lighting is also
likely to remain a key driver for the Global LED
Materials Market over the forecast period. The
growing residential construction in emerging
regions and the consequent rise in the demand for
lighting products is likely to be a major driver
for the Global LED Materials Market over the
forecast period. The rapid urbanization in Asia
Pacific and the Middle East has driven the demand
for new residential construction and,
consequently, for residential fittings such as
electric lighting. The energy efficiency of LED
light, as well as the fact that they provide
white light in contrast to the yellow light
provided by traditional incandescent lights, has
been a key driver for the adoption of LED
lighting in these residential buildings. This is
likely to remain a key driver for the Global LED
Materials Market over the forecast period. The
growing automotive industry and the growing
adoption of LED lighting in automotive
applications is also likely to be a major driver
for the Global LED Materials Market over the
forecast period. Due to the fact that LED lights
emit white light, they have become increasingly
popular in automotive exterior lighting
applications, as they provide a clear light that
allows the driver to see farther than with
conventional yellow lighting. Their lower carbon
footprint has also made LED lights popular in
automotive applications and is likely to drive
their demand over the forecast period.
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LED Materials Market Research Report- Forecast to
2024
Segmental Analysis
By Component, the LED Materials Market has been
segmented into wafers, substrates/semiconductors,
epitaxy material, phosphor, and others. The
wafers segment is sub-segmented into silicon,
silicon carbide, sapphire, and others. The
sapphire segment is expected to expand at a CAGR
of 8.25 during the forecast period. The silicon
segment is also likely to experience rapid growth
due to its growing usage in microelectronics. By
Application, the LED Materials Market is
segmented into general lighting, consumer
electronics, automotive interior lighting,
automotive exterior lighting, healthcare, display
and billboards, and others. The residential
lighting segment is anticipated to reach a
valuation of USD 9,650.6 million by 2024 owing to
the growing scope of the construction industry in
emerging regions. View Full Press Release _at_
https//www.marketresearchfuture.com/reports/led-m
aterials-market-6228
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LED Materials Market Research Report- Forecast to
2024
Regional Outlook
Asia Pacific is likely to dominate the Global
LED Materials Market over the forecast period due
to the rapid growth of the automotive and
construction industries in the region. The
construction industry in the region has been
driven by the growing urbanization in the region,
which has driven urban immigration at a rapid
pace. The demand for new residential construction
to accommodate the new emigrants is likely to
lead to a rising demand from the LED Materials
Market over the forecast period. The increasing
disposable income of consumers in Asia Pacific
has also led to a growing demand for more plush,
luxurious residences, which is also likely to
drive the demand from the LED Materials Market
over the forecast period. The automotive
industry in Asia Pacific has also grown rapidly
over the last decade and more and is likely to
exhibit steady growth over the forecast period,
leading to a rapid growth in the demand for LED
materials in the region.
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LED Materials Market Research Report- Forecast to
2024
Major Players in this Research

• LED Materials Market Prominent Players
• EpiGaN, Epistar Corporation
• AkzoNobel N.V., Plessey
• DOWA Electronics Materials Co., Ltd. (DOWA
  Materials Co., Ltd)
• Sumitomo Electric Industries, Ltd.
• Nichia Corporation
• Intematix
• II-VI Incorporated
• MACOM
• UBE INDUSTRIES, LTD.
• Cree, Inc.
• OSRAM Opto Semiconductors GmbH

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