LED Materials Market Global Growth Trends, Cost Structure, Driving Factors and Future Prospects 2024

1. LED Materials Market Research Report - Forecast to 2024 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2024 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

2. LED Materials Market Research Report- Forecast to 2024 LED Materials Market -Overview The Global LED Materials Market capitalization is anticipated to touch USD 21,457.3 million by 2024, as per an in-depth report by Market Research Future (MRFR). It is expected to expand at a 10.92% CAGR during the assessment period (2018-2024) owing to pressing demand for energy efficient lights. LED materials comprise silicon, phosphor, and sapphire and primarily used in the manufacture of light-emitting diode (LED) lights. The booming automotive sector in the Asia Pacific, fueled by consumers of economies such as India and China can drive the global market demand over the forecast period. Environmental concerns can pose a challenge to the market. But the emergence of light fidelity (Li-Fi) and increasing use of LEDs across industries can open up new doors for the market for expansion purposes. Demand in optoelectronics applications and demand for lights in indoor farming can bolster market demand over the coming years. Report Overview: This report covers current events and trends in the market for LED Materials to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts were able to make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the Global LED Materials Market segmented on the basis of type, application, and region with astute insights. This report has been prepared to assist industry players in making the right decisions which can culminate in fruitful investments. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period. www.marketresearchfuture.com

3. 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 touted to expand at a CAGR of 8.25% during the forecast period. The silicon segment is projected to experience robust growth owing to high use of wafers in microelectronic devices. By Application, the 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 touch a valuation of USD 9650.6 million by 2024 owing to construction of various infrastructural projects in residential areas. The segments and sub-segments covered in the report are analyzed under four major regions – North America, Latin America, Europe, The Middle East and Africa (MEA), and Asia Pacific (APAC), with respective country-level market sizing. The standard definition of “LED material” is included in the report for a comprehensive understanding of the market. The report discusses and interprets the current trends and future opportunities of the market by delivering an unbiased growth assessment. Access Report Details @ https://www.marketresearchfuture.com/reports/led-materials-market-6228 www.marketresearchfuture.com

4. LED Materials Market Research Report- Forecast to 2024 Regional Outlook Geographically, the LED materials market span across regions namely, North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among all the regions, Asia Pacific is presumed to dominate the global market and reach USD 9,011.2 million by the end of the assessment period. The market in this region is estimated to expand at 12.23 % CAGR due to the growth of the end-use industries such as construction, electrical and electronics, and automotive. Also, high demand for energy-efficient lights in the construction sector coupled with an increasing population base in Thailand, India, South Korea, and China are considered to drive the market in this region. The North American region is anticipated to hold the second-largest position owing to the growing demand for high energy-efficient vehicles. The market in this region is presumed to touch USD 5,056.9 million by the end of 2024. Europe is presumed to garner USD 4,496.5 million by the end of 2024 due to the rising production of energy-efficient vehicles. www.marketresearchfuture.com

5. LED Materials Market Research Report- Forecast to 2024 Major Players in this Research LED Materials Market Prominent Players: • EpiGaN, EpistarCorporation • 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 In-Depth Sample Report @ https://www.marketresearchfuture.com/sample_request/6228 www.marketresearchfuture.com

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@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. www.marketresearchfuture.com

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