LED Materials Market Research, Growth Opportunities, Analysis and Forecasts to 2024

1
LED Materials Market Research Report - Forecast
to 2024
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2024
2
LED Materials Market Research Report- Forecast to
2024
LED Materials Market - Overview
The Light Emitting Diode Materials Market is
projected to touch the valuation of USD 21,457.3
million by 2024, reveals Market Research Future
(MRFR). It is expected that the market will
expand at a CAGR of 10.92 during the forecast
period (2018-2024) supported by the dire demand
for energy efficient lights. Growth Drivers and
Key Challenges The LED Materials Market has
witnessed strong growth in recent years backed by
numerous factors, mostly by the growing adoption
of technological advancements, including the
Internet of Things (IoT), automation, and
artificial intelligence. LEDs find applications
in camera, high-definition television display,
telecommunications, camcorder, TV remote controls
and optical fiber communication among others. The
hike in the adoption of LEDs in nations like the
United States, the United Kingdom, New Zealand,
Taiwan, Canada, Japan, Australia, Venezuela, and
Brazil, as a consequence of existing policies
against high-power consuming bulbs, has been
excellent for the business. With the ban on use
of incandescent bulbs along with the rise in
demand for energy efficient lighting as well as
high-definition displays is an additional factor
promoting the development of LED Materials
Market. Although the market is set to do
exceedingly well in the ensuing years, lack of
awareness regarding the benefits of the
technology could slow down the growth rate to
some extent. However, critical factors such as
the rising product demand in optoelectronics
applications as well as for lights in indoor
farming will ensure its smooth run in the
following years.
3
LED Materials Market Research Report- Forecast to
2024
Segmental Analysis
The Segments Identified in the LED Materials
Market include Component and Application. With
respect to Component, the LED Materials Market is
fragmented into wafers, substrates/semiconductors,
epitaxy material, phosphor, and others. The
wafers segment includes silicon, silicon carbide,
sapphire, and others. The sapphire segment is
poised to expand at a CAGR of 8.25 during the
conjectured time frame. The segment of silicon
will be projecting robust growth as well, on
account of rising use of wafers in
microelectronic devices. Application-Dependent
Segments in the market are general lighting,
consumer electronics, automotive interior
lighting, automotive exterior lighting,
healthcare, display and billboards, and others.
Between these, the residential lighting segment
is reckoned to have a good run by reaching a
valuation of USD 9650.6 million by 2024. The
growing construction of several infrastructural
projects in residential areas has led to the
segmental growth in the market. View Full Press
Release _at_ https//www.marketresearchfuture.com/rep
orts/led-materials-market-6228
4
LED Materials Market Research Report- Forecast to
2024
Regional Outlook
The Latest Trends in the LED Materials Market
have been analyzed in the key regions of Europe,
the Middle East Africa (MEA), Latin America,
Asia Pacific (APAC) and North America. With a
superlative performance in the Global LED
Materials Market, Asia Pacific has acquired the
top spot. By 2024, the market size is estimated
to expand to reach the valuation of USD 9,011.2
million at a growth rate of 12.23. The surge in
adoption of LEDs is touted to be the main reason
for the said growth of the market. China has been
analyzed to be the most significant country in
the region, based on the consumption of LED
Materials across different end-user industries,
including backlighting, automotive lighting, and
so on. With the boost in power generation as well
as distribution along with great stress being put
on information technology, the regional market
has managed to amass considerable profits in
recent years. The declining cost of LED in the
region is another prominent factor accountable
for the high consumption of LEDs, subsequently
benefitting the market. The second strongest
region in the Global LED Materials Market is
North America, with the primary reason said to be
the rising demand for high energy-efficient
vehicles. The North America market is poised to
reach the valuation of USD 5,056.9 million by
2024. The esteemed players within the region are
emphasizing on expanding their customer base by
leveraging on calculative collaborative
initiatives. The rise in efforts by these players
is providing collateral benefits to the regional
market. A case in point could be the launch of
KBL LED High-Bay Series by Cree in November 2017.
This solution was developed for diverse
applications including civic, industrial, and
retail. On account of this launch, the regional
market profited from the surge in customers
interested in this product. Europe is expected to
arrive at the valuation of USD 4,496.5 million by
2024, with support from factors like the
increasing production of energy-efficient
vehicles. In addition, the growing implementation
of advanced lighting system across the commercial
and residential sectors will work in favor of the
LED Lighting Market in the region. The projects
for implementing LED systems for residential
purposes, street lights and traffic signals are
noting high adoption across several countries in
the region. Besides, the government is taking up
a number of smart city initiatives and also
making strict energy regulations to encourage the
use of LEDs, which will help the Europe LED
Materials Market generate higher revenues.
5
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

Get a Free Sample _at_ https//www.marketresearchfutu
re.com/sample_request/6228
6
ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
market research and intelligence services to our
clients. Our market research studies by products,
services, technologies, applications, end users,
and market players for global, regional, and
country level market segments, enable our clients
to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright 2018
Market Research Future All Rights Reserved. This
document contains highly confidential information
and is the sole property of Market Research
Future. No part of it may be circulated, copied,
quoted, or otherwise reproduced without the
written approval of Market Research Future.
7
(No Transcript)