LED Materials Market 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.

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-Reports/led-material-market-116248392.html Early buyers will receive 10% customization on this report.

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.

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.

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).

Don’t 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.asp?id=116248392 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.

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