LED Materials Market 2021

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LED Materials Market to Exceed 12.55 Billion USD
by 2021
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• 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.
• Browse 61 market data tables and 30 figures
  spread through 121 pages and in-depth TOC on "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"https//www.marketsandmarkets.com/Market-Re
  ports/led-material-market-116248392.html

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• 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.
• Early buyers will receive 10 customization on
  this report
• 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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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. 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. 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).
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• Major Market Developments
• In March 2017, Cree launched XLamp XHP70.2 LED, a
  new generation of LED which produced 9 more
  lumen and 18 higher lumens-per-watt than the
  previous generation XHP70 LED. This also helped
  in making luminaires smaller and increase optical
  control for lighting applications.
• In October 2016, Epistar Corporation and Super
  Trend Lighting (Group) Ltd. (Hong Kong) signed a
  license agreement. This agreement allowed Super
  Trend Lighting to use Epistar's filament patents
  in its products. The patents used were limited to
  areas of Europe, the U.S., China, and Taiwan.
• In March 2016 Nichia Corporation (Japan) entered
  into a partnership with Future Lighting Solutions
  (Canada), a leading distributor of solid-state
  lighting technologies. The deal focuses on areas
  in the Americas and Europe and is limited to
  general lighting applications.
• Dont miss out on business opportunities in LED
  Materials Market. Speak to our analyst and gain
  crucial industry insights that will help your
  business grow.
• https//www.marketsandmarkets.com/speaktoanalyst.a
  sp?id116248392

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