Europe LED Materials Market By Material (Wafer, Phosphor, Substrate, Epitaxy and others), By Country – UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe, By application (Backlighting, General Lighting (Residential, Industrial, Outdoor), Automotive Lighting (Interior, Exterior) - (UK, Germany, Italy, Spain and France) - Industry Analysis, Size, Share, Growth, Trends, and Forecast (2024 to 2029)

Updated On: June, 2024

ID: 8314

Pages: 145

Europe LED Light Emitting Diode Materials Market Size (2024 to 2029)

Europe LED Materials Market in 2024 was estimated at USD 30.77 billion and is expected to grow at a CAGR of 9.8% to become USD 49.11 billion in 2029

LED is an abbreviation that stands for Light Emitting Diode. When electricity passes through certain diodes they emit light whose characteristics depend on the chemical composition of the diode.

The compounds Gallium Arsenide Phosphide (GaAsP), Gallium Phosphide (GaP), and Gallium Arsenide (GaAs) are usually used to make the semiconductor in LED lights. The Low Cost of Production and Maintenance, Durability, and Energy Efficiency of LED lights are among the key factors driving the growth of the LED materials market. They are also environmentally friendly as they consume far less electricity and this only helps their adoption by consumers. LED lights work very well even under extreme temperatures and can deliver the same output for long hours of operation, this has led to the widespread adoption of LED lights in Industry where the cost savings they bring are substantial.

REPORT COVERAGE

REPORT METRIC	DETAILS
Market Size Available	2024-2029
Base Year	2024
Forecast Period	2024-2029
CAGR	9.8%
Segments Covered	By Type By Area Of Application By Region
Various Analyses Covered	Global, Regional, and country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
Regions Covered	UK France Spain Germany Italy
Market Leaders Profiled	Cree, inc Nichia corporation Osram Licht ag Seoul semiconductor co., ltd Opto semiconductors

Market Segmentation

Europe LED Materials Market By Type

Wafer
Phosphor
Substrate
Epitaxy

Among the LED materials, the wafer market is the largest by value followed by the epitaxy market

Europe LED Materials Market By Area Of Application

Backlighting
General Lighting (Residential, Industrial, and Outdoor)
Automotive Lighting (Interior, Exterior)

Backlighting refers to the lights used in smartphones, computers, and other devices with backlit screens. LEDs have become immensely popular in General Lighting and Automotive Lighting categories. They are now the preferred choice of lighting for industries and outdoors because of the immense monetary savings obtained by switching to LED lights from traditional lighting. The automotive sector which needs bright lights with minimal energy consumption has embraced LED lights. New fields like indoor farming are now a reality because of LED lights.