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Wahid Tamboli | 20.02.2019

LED Materials Market Size expected to be worth USD 12.55 Billion by 2021

LED Materials Market expected to be valued at USD 12.55 Billion by 2021, at a CAGR of 9.9%, during 2016–2021

The report [130 pages] "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", published by MarketsandMarkets™, the market is expected to reach USD 12.55 Billion by 2021, at a CAGR of 9.9% from 2016 to 2021.

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Key Target Audience:

  • Manufacturers of LED Materials

  • Traders, Distributors, and Suppliers of LED Materials

  • Building and Construction, Automotive & Transportation and all Related End User Companies

  • Regional Manufacturers’ Associations

  • Government and Research Organizations

  • Investment Research Firms

The different material types of LEDs included in the report are substrate, wafer, epitaxy, and phosphor. The wafers segment is set to dominate the LED materials market during the forecast period as companies are moving from two and four-inch wafer size to a more cost effective six and eight-inch wafer size production. As the yield of larger diameter wafer has significantly improved in recent years, companies have gradually transitioned to higher diameter wafer production.

LEDs are used in various end-use applications such as general lighting, automotive lighting, and backlighting, and others. General lighting is the largest segment and is expected to drive the LED materials market owing to the increasing demand for LEDs in residential and industrial applications. The LED materials market for automotive segment is projected to witness the highest growth, driven by the demand for LEDs for exterior automotive lighting.

The LED materials market report covers the market in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific region is dominant in the LED materials market. The rising demand for LEDs in this region is mainly driven by the increased adoption rate and government incentives. Europe is the second-largest LED materials markets, globally. The market in this region is mainly driven by the growing opportunities from automotive industries.

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).

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