Market Overview:
The global LED epitaxial wafer market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions and rising awareness about the benefits of LED lighting. In terms of volume, the 2-inch segment is expected to dominate the global LED epitaxial wafer market during the forecast period, followed by 4-inch and 6-inch segments. However, in terms of value, the 6-inch segment is expected to account for a larger share of the global market due to higher average selling prices (ASPs) for products in this segment as compared with other segments. In terms of applications, illumination is expected to be one of the key drivers for growth in demand for LED epitaxial wafers duringthe forecast period. This application category includes general illumination applications such as streetlights and commercial indoor lighting fixtures; automotive headlamps; signage; and backlighting applications such as LCDs and OLED displays used in televisions, smartphones, laptops/tablets etc.
Product Definition:
LED Epitaxial Wafer is a semiconductor wafer on which light-emitting diodes (LEDs) are fabricated. LED epitaxial wafers are typically made of gallium arsenide (GaAs), silicon carbide (SiC), or diamond. They are used to fabricate high-power, high-efficiency LEDs for lighting, automotive displays, and other applications.
6 Inches:
6 inches is the new term in the LED epitaxial wafer market which has been used for a long time. It means that the thickness of an Epitaxial Wafer (EW) which can be made using Vertical CVD (VCD) or Surface Mount Technology (SMT), and it’s length measurement from one side to another side, i.e., 6 inches is equal to the number of LEDs in one direction along its length.
4 Inches:
4 inches is the size of an average human palm and it's usage in LED epitaxial wafer market is to measure the thickness of a semiconductor layer that forms a key component in modern electronic devices. The 4-inch definition includes both, silicon wafers as well as glass layers used for producing light-emitting diodes (LEDs).
Application Insights:
Based on applications, the market has been segmented into illumination, backlight, monitor, indicator light and others. The illumination segment dominated the overall industry in terms of revenue in 2017. This is attributed to growing demand for LED products across various end-use industries such as automotive & transportation, office & education and consumer electronics. Moreover, increasing demand for large display panels from smartphone manufacturers coupled with flexible manufacturing processes offered by led wafer enables high product output which further propels its dominance over other types of displays.
The backlight application segment is expected to witness significant growth during the forecast period owing to rising demand from various end-use industries such as computer displays and television sets coupled with flexible manufacturing processes offered by led wafer enables high product output which further propels its dominance over other types of displays.
The monitor application segment accounted for a significant share in 2017 owing to growing use of monitors in offices.
Regional Analysis:
The North American regional market accounted for the largest share in 2017. The growth is attributed to the presence of major LED manufacturers such as Cree, Inc.; Samsung; and Bridgelux Holdings, Inc. Moreover, increasing demand for LEDs in various applications including illumination, backlight monitors and indicators is expected to drive the industry growth over the forecast period.
Asia Pacific region is anticipated to witness significant growth over a projected period owing to rapid industrialization along with rising disposable income levels in emerging economies such as China and India. Furthermore, favorable government initiatives pertaining to manufacturing activities are also expected boost LED epitaxial wafers production capacity across Asia Pacific region thereby driving industry expansion over next eight years from 2018 through 2030 time frame). For instance., In January 2016 ‘Make in India’ campaign was introduced by Indian prime minister Narendra Modi which aims at encouraging domestic manufacturing activities by offering tax benefits or subsidies on electricity charges etc.
Growth Factors:
- Increasing demand from the lighting industry for energy-efficient lighting solutions is expected to drive the LED epitaxial wafer market growth.
- Proliferation of LEDs in various applications such as automotive, signage, and backlighting is also anticipated to boost the market growth over the forecast period.
- Growing demand for high brightness and low power consumption LEDs is projected to fuel the LED epitaxial wafer market expansion in near future.
- Rising awareness about energy conservation coupled with government initiatives toward replacement of traditional light sources with LEDs is likely to propel LED epitaxial wafer demand over the next few years. 5 Emerging economies are expected to offer lucrative opportunities for key players operating in this market owing to increasing investments in infrastructure development and rising disposable income levels of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Epitaxial Wafer Market Research Report
By Type
6 Inches, 4 Inches, 2 Inches, Other
By Application
Illumination, Backlight, Monitor, Indicator Light, Other
By Companies
Nichia, Cree, Toyoda Gosei, Lumileds, Osram, Seoul Semiconductor, Epistar, PROWTech, Xiamen Changelight, Focus Lightings Tech, Sanan Optoelectronics, Elec-Tech International, Tsinghua Tongfang, PAM-XIAMEN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global LED Epitaxial Wafer Market Report Segments:
The global LED Epitaxial Wafer market is segmented on the basis of:
Types
6 Inches, 4 Inches, 2 Inches, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Illumination, Backlight, Monitor, Indicator Light, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nichia
- Cree
- Toyoda Gosei
- Lumileds
- Osram
- Seoul Semiconductor
- Epistar
- PROWTech
- Xiamen Changelight
- Focus Lightings Tech
- Sanan Optoelectronics
- Elec-Tech International
- Tsinghua Tongfang
- PAM-XIAMEN
Highlights of The LED Epitaxial Wafer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 6 Inches
- 4 Inches
- 2 Inches
- Other
- By Application:
- Illumination
- Backlight
- Monitor
- Indicator Light
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED Epitaxial Wafer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LED Epitaxial Wafer is a thin film transistor (TFT) display panel made of an epitaxial layer of light emitting diodes (LEDs). The LEDs are arranged in a grid pattern and are used to create images on the surface of the panel.
Some of the major companies in the led epitaxial wafer market are Nichia, Cree, Toyoda Gosei, Lumileds, Osram, Seoul Semiconductor, Epistar, PROWTech, Xiamen Changelight, Focus Lightings Tech, Sanan Optoelectronics, Elec-Tech International, Tsinghua Tongfang, PAM-XIAMEN.
The led epitaxial wafer market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Epitaxial Wafer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LED Epitaxial Wafer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Epitaxial Wafer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LED Epitaxial Wafer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LED Epitaxial Wafer Market Size & Forecast, 2020-2028
4.5.1 LED Epitaxial Wafer Market Size and Y-o-Y Growth
4.5.2 LED Epitaxial Wafer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 6 Inches
5.2.2 4 Inches
5.2.3 2 Inches
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Illumination
6.2.2 Backlight
6.2.3 Monitor
6.2.4 Indicator Light
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Epitaxial Wafer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Epitaxial Wafer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 6 Inches
9.6.2 4 Inches
9.6.3 2 Inches
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Illumination
9.10.2 Backlight
9.10.3 Monitor
9.10.4 Indicator Light
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 6 Inches
10.6.2 4 Inches
10.6.3 2 Inches
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Illumination
10.10.2 Backlight
10.10.3 Monitor
10.10.4 Indicator Light
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 6 Inches
11.6.2 4 Inches
11.6.3 2 Inches
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Illumination
11.10.2 Backlight
11.10.3 Monitor
11.10.4 Indicator Light
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 6 Inches
12.6.2 4 Inches
12.6.3 2 Inches
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Illumination
12.10.2 Backlight
12.10.3 Monitor
12.10.4 Indicator Light
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 6 Inches
13.6.2 4 Inches
13.6.3 2 Inches
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Illumination
13.10.2 Backlight
13.10.3 Monitor
13.10.4 Indicator Light
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Epitaxial Wafer Market: Competitive Dashboard
14.2 Global LED Epitaxial Wafer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nichia
14.3.2 Cree
14.3.3 Toyoda Gosei
14.3.4 Lumileds
14.3.5 Osram
14.3.6 Seoul Semiconductor
14.3.7 Epistar
14.3.8 PROWTech
14.3.9 Xiamen Changelight
14.3.10 Focus Lightings Tech
14.3.11 Sanan Optoelectronics
14.3.12 Elec-Tech International
14.3.13 Tsinghua Tongfang
14.3.14 PAM-XIAMEN
