LED Materials Market By Type (Substrate, Wafer, Epitaxy, Phosphor, And Others), Application (General Lighting, Automotive Lighting, Backlighting And Others), By Region - Global Industry Analysis, Size, Share, Growth, Investment, And Forecasts (2018–2023)

LED Materials Market By Type (Substrate, Wafer, Epitaxy, Phosphor, And Others), Application (General Lighting, Automotive Lighting, Backlighting And Others), By Region - Global Industry Analysis, Size, Share, Growth, Investment, And Forecasts (2018–2023)

ID: 8356 | Pages: 175 | March 2019 | Region: Global


Market Overview:

The LED Materials market is a fast-growing global market which is mainly driven by the need for energy efficient light sources in both industrial and domestic applications. The market is calculated to reach a total of 15.18 billion by the end of 2023 with a 9.92 % CAGR between the years 2018 and 2023.

Recent Developments:

Coxreels has introduced a new line of three industrial duty LED lights which are now available on the power cord reels. These new LEDs have a 50,000-hour rating, internal light diffusers and shatter resistant lenses made of polycarbonate, which makes them fit for industrial applications.

Nichia Corporation, a leading manufacturer of LEDs and related materials, has filed an infringement lawsuit against Corlant Inc., a distributor of automotive LED lamps under the brand name Valenti, in the Tokyo District Court.

LED Materials Market Value and Growth:

The Global LED Materials market size was around USD 9.46 billion by revenue, at the end of 2018. It is anticipated to grow at CAGR of 9.92 % to reach USD 15.18 billion by 2023.

LED Materials Market Drivers and Restraints:

The need for a better and more cost-effective source of light in the rapidly emerging technological world calls for the use of LEDs instead of traditional tungsten bulbs. The rising demand for the LED lights acts as a driving force to the global LED materials market. Also, the use of LEDs as decor in automobiles has increased the demand for the LED materials, fueling the market growth in the forecast period. However, the centralization of the global market in the Asia Pacific region reduces the chances of market expansion over the globe. Also, regulations and guidelines imposed on the key players restrain the market growth to its full potential.

LED Materials Market Segmentation Analysis:

By Type

Based on the type of material used in the LED the global LED Materials market is categorized into Substrate, Wafer, Epitaxy, Phosphor, and Others. Of all the types of LED materials the wafer segment is projected to dominate the global market in the forecast period, due to the interest in companies in moving from four and two-inch wafer sized LED to the more cost effective eight and six-inch wafer LED production. The higher yield of larger diameter wafers is the main reason for the sudden shift in opinion of manufacturing companies.

By Application

Based on the application of the LED lamps the global LED Materials market is divided into General Lighting, Automotive Lighting, Backlighting, and Others. Among the different applications mentioned the general lighting sector is to lead the global market due to its large number of applications in the industrial, household and outdoors like floodlights and street lights. However, the LED materials market for automotive applications, such as interior decor lights and headlights, will be witnessing the highest growth in the global LED materials market due to the expanding end-use industry. 

LED Materials Market Geographical Analysis:

  • By geography, the Global LED Materials market is segmented as Latin America, Europe, Asia Pacific, Middle-East & Africa, and North America.
  • Asia Pacific had the largest global market share in the year 2018 and is expected to be the fastest-growing market in the forecast period, due to its high CAGR, increasing demand for growing industries and scope of future opportunities, mainly in developing countries like Japan, India, and China.
  • The market value of Europe and North America are lower than that of Asia Pacific due to the regional advantages like cheap labor, ease of resource availability, which makes the market centered in the Asia Pacific making North America and Europe slower growing regions.
  • The Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the LED Materials market in these regions is slow growing in nature.

LED Materials Market Key Market Players:

By the end of 2018, Nichia Corporation, Thorlux Lighting, Epistar Corporation, LEDVANCE GmbH, Koninklijke Philips N.V., Reggiani Spa Illuminazione, OSRAM Licht AG, II-VI incorporated, OPPLE Lighting Co. Ltd., Endo Lighting Corp., Global Light LLC, Samsung Electronics, GE Lighting Solutions, Lumileds Holding B.V., Bright Special Lighting S.A., AkzoNobel, Everlight Electronics, Sumitomo Electric, LG Innotek, Hitachi Metals, Lumens Co., Ltd., Cree Inc., and Seoul Semiconductors are the leading shareholders of the Global LED Materials market. These companies are currently focused on expansion strategies to improve their market value and position.

LED Materials Market Research Report Key Highlights:

  • The evaluation of the current product and services market and the future implications of the market.
  • Address the matter by better understanding the market through size estimates and CAGR analysis to forecast the future market.
  • Wider segmentation to better understand the dynamics of the market at a very small level by dividing the market to smaller segments.
  • Address the key market challenges, drivers and restraints with a goal of providing insights for gaining market share.
  • Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of the competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Substrate

                                5.1.3 Wafer       

                                5.1.4 Epitaxy     

                                5.1.5 Phosphor

                                5.1.6 Others      

                                5.1.7 Y-o-Y Growth Analysis, By Type      

                                5.1.8 Market Attractiveness Analysis, By Type    

                                5.1.9 Market Share Analysis, By Type      

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 General Lighting   

                                5.2.3 Automotive Lighting           

                                5.2.4 Backlighting            

                                5.2.5 Others      

                                5.2.6 Y-o-Y Growth Analysis, By Application         

                                5.2.7 Market Attractiveness Analysis, By Application        

                                5.2.8 Market Share Analysis, By Application         

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 Athersys                      

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Nichia Corporation                  

                8.3 Epistar Corporation                 

                8.4 Koninklijke Philips N.V.                          

                8.5 OSRAM Licht AG                      

                8.6 II-VI incorporated                    

                8.7  Sumitomo Electric                   

                8.8 Cree, Inc.                     

                8.9 Hitachi Metals                           

                8.10 Seoul Semiconductors                        

                8.11 Lumileds Holding B.V.                          

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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  1. Global LED materials Market Market By Region, From 2018-2023 ( USD Billion )
  2. Global LED materials Market Market By Type, From 2018-2023 ( USD Billion )
  3. Global Substrate Market By Region, From 2018-2023 ( USD Billion )
  4. Global Wafer Market By Region, From 2018-2023 ( USD Billion )
  5. Global  Epitaxy Market By Region, From 2018-2023 ( USD Billion )
  6. Global Phosphor Market By Region, From 2018-2023 ( USD Billion )
  7. Global Others Market By Region, From 2018-2023 ( USD Billion )
  8. Global LED materials Market Market By Application, From 2018-2023 ( USD Billion )
  9. Global General Lighting  Market By Region, From 2018-2023 ( USD Billion )
  10. Global Automotive Lighting Market By Region, From 2018-2023 ( USD Billion )
  11. Global Backlighting Market By Region, From 2018-2023 ( USD Billion )
  12. Global Others Market By Region, From 2018-2023 ( USD Billion )
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