Market Overview:
The global LED materials market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions, rising awareness about the benefits of LED lights, and growing demand for automotive lighting. In terms of type, the substrate segment is expected to lead the global LED materials market during the forecast period. This can be attributed to factors such as technological advancements in substrates and their growing use in various applications such as general lighting, automotive lighting, and backlighting. In terms of application, general lighting is expected to account for a major share of the global LED materials market duringthe forecast period.
Product Definition:
LED materials are substances used to make light-emitting diodes. They are important because they determine the color, intensity, and longevity of LEDs.
Substrate:
Substrate is the material on which light-emitting diodes (LEDs) are mounted. It can be a plastic, glass, ceramic or metal plate. The substrate can have different shapes and sizes; however, the most commonly used materials for making LEDs are glass and plastic substrates.
The growth factor in LED materials market is defined as the ratio of output power to input power of an LED device/array.
Wafer:
Wafer is a thin slice of semiconductor material such as silicon. It is used in LED materials market for manufacturing light-emitting diode (LED). Wafers are available in different sizes and shapes depending upon the application requirements. The size of wafer varies from 0.1 mm to 100 mm, with the average size being around 5-20 mm depending on the applications requirement.
Application Insights:
The general lighting application segment led the market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. General lighting includes downlights, recessed or surface mounted fixtures, wall-mounted or ceiling-mounted lightings that provide illumination in various applications such as office buildings, retail stores and public places. The substrate based LEDs are used for general lighting purposes owing to their low cost and high brightness output which makes them suitable for use in outdoor advertising boards, billboards etc.
Automotive headlights have been one of the most prominent end uses of LEDs due to their high performance characteristics which include intensity consistency (light emission during day time & night time), directional light source with less glare and improved aesthetic appeal compared to traditional headlamps using halogen or HID lamps.
Regional Analysis:
The Asia Pacific led the global market in 2017 and accounted for over 45% of the overall revenue share. The region is projected to continue its dominance over the forecast period owing to increasing demand from end-use industries, such as automotive, general lighting, and backlighting. China led this regional market with a production capacity exceeding 3 million units per year.
North America LED materials market is expected to grow at a significant rate due to growing adoption in residential applications coupled with stringent government regulations regarding energy consumption per unit area equivalent of conventional light source. Europe LED materials industry growth was driven by countries such as Germany that accounted for more than 25% of total regional volume share on account of high demand from industrial applications including backlighting used in signboards and advertising boards along with other products such as streetlights & traffic lights).
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Technological advancements in LED materials and devices
- Growing demand from emerging markets
- Regulatory support for the adoption of LED lighting
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Materials Market Research Report
By Type
Substrate, Wafer, Epitaxy, Phosphor
By Application
General Lighting, Automotive Lighting, Backlighting
By Companies
Sumitomo electric, Hitachi Metals, AkzoNobel, Seoul Semiconductors, Nichia, Epistar, Koninklijke Philips, OSRAM Licht
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global LED Materials Market Report Segments:
The global LED Materials market is segmented on the basis of:
Types
Substrate, Wafer, Epitaxy, Phosphor
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
General Lighting, Automotive Lighting, Backlighting
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:
- Sumitomo electric
- Hitachi Metals
- AkzoNobel
- Seoul Semiconductors
- Nichia
- Epistar
- Koninklijke Philips
- OSRAM Licht
Highlights of The LED Materials 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:
- Substrate
- Wafer
- Epitaxy
- Phosphor
- By Application:
- General Lighting
- Automotive Lighting
- Backlighting
- 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 Materials 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 materials are semiconductor materials that emit light when an electric current is passed through them. LEDs are often used in lighting, signs, and other electronic devices.
Some of the major companies in the led materials market are Sumitomo electric, Hitachi Metals, AkzoNobel, Seoul Semiconductors, Nichia, Epistar, Koninklijke Philips, OSRAM Licht.
The led materials market is expected to grow at a compound annual growth rate of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Materials Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Materials Market - Supply Chain
4.5. Global LED Materials Market Forecast
4.5.1. LED Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Materials Market Absolute $ Opportunity
5. Global LED Materials Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LED Materials Market Size and Volume Forecast by Type
5.3.1. Substrate
5.3.2. Wafer
5.3.3. Epitaxy
5.3.4. Phosphor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED Materials Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LED Materials Market Size and Volume Forecast by Application
6.3.1. General Lighting
6.3.2. Automotive Lighting
6.3.3. Backlighting
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED Materials Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LED Materials Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LED Materials Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LED Materials Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LED Materials Demand Share Forecast, 2019-2026
9. North America LED Materials Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LED Materials Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LED Materials Market Size and Volume Forecast by Application
9.4.1. General Lighting
9.4.2. Automotive Lighting
9.4.3. Backlighting
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Materials Market Size and Volume Forecast by Type
9.7.1. Substrate
9.7.2. Wafer
9.7.3. Epitaxy
9.7.4. Phosphor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LED Materials Demand Share Forecast, 2019-2026
10. Latin America LED Materials Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LED Materials Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LED Materials Market Size and Volume Forecast by Application
10.4.1. General Lighting
10.4.2. Automotive Lighting
10.4.3. Backlighting
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Materials Market Size and Volume Forecast by Type
10.7.1. Substrate
10.7.2. Wafer
10.7.3. Epitaxy
10.7.4. Phosphor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LED Materials Demand Share Forecast, 2019-2026
11. Europe LED Materials Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LED Materials Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LED Materials Market Size and Volume Forecast by Application
11.4.1. General Lighting
11.4.2. Automotive Lighting
11.4.3. Backlighting
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Materials Market Size and Volume Forecast by Type
11.7.1. Substrate
11.7.2. Wafer
11.7.3. Epitaxy
11.7.4. Phosphor
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LED Materials Demand Share, 2019-2026
12. Asia Pacific LED Materials Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LED Materials Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LED Materials Market Size and Volume Forecast by Application
12.4.1. General Lighting
12.4.2. Automotive Lighting
12.4.3. Backlighting
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Materials Market Size and Volume Forecast by Type
12.7.1. Substrate
12.7.2. Wafer
12.7.3. Epitaxy
12.7.4. Phosphor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LED Materials Demand Share, 2019-2026
13. Middle East & Africa LED Materials Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LED Materials Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LED Materials Market Size and Volume Forecast by Application
13.4.1. General Lighting
13.4.2. Automotive Lighting
13.4.3. Backlighting
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Materials Market Size and Volume Forecast by Type
13.7.1. Substrate
13.7.2. Wafer
13.7.3. Epitaxy
13.7.4. Phosphor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LED Materials Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Materials Market: Market Share Analysis
14.2. LED Materials Distributors and Customers
14.3. LED Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sumitomo electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hitachi Metals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AkzoNobel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Seoul Semiconductors
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nichia
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Epistar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Koninklijke Philips
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. OSRAM Licht
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
