LED Materials Market - Forecast(2021 - 2026)

Report Code: CMR 20118 Report Format: PDF + Excel (Delivery in 48 Hrs)
The Global LED Materials Market size is forecast to reach $20 billion by 2025, after growing at a CAGR of 9% during 2020-2025. Due to rapid industrialization across the world, the demand for LED materials are surging globally. Increasing number of R & D activities of LED materials in many regions is one of the key drivers for the growth of the global LED Materials market share during the forecast period. Besides, expanding utilization of customer merchandise and expanding use of LED materials in areas like healthcare, aerospace, automobile and others over the globe due to its durability will support the development of the global LED materials market industry globally. Furthermore, the growing demand for environment-friendly vehicle is also driving the growth of LED Materials market size during the forecast period.

Report Coverage
The report: “Global LED Materials Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global LED Materials Industry. 

By Product Type: Substrate Materials (Silicon, Sapphire, and Silicon Carbide), Wafer (Gallium Nitride and Gallium Arsenide), Epitaxy Materials (Trimethylaluminum and Trimethylgallium, Phosphors), and Others
By Application: General Lighting (Industrial Lighting, Residential Lighting, Outdoor Lighting, and Others), Automotive Lighting (Monitors, Televisions, Backlighting, Handheld Devices, and Others), Aviation, Electronics, Healthcare/Medical, and Others
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways
  • In the North America region, in 2019, the US was a major market for the LED Materials owing to growing uses as an outdoor lighting across the country. 
  • The growing popularity of silicone-based LED packaging materials for manufacturing of many high-brightness LED devices and economically viable technologies is likely to aid in the market growth of global LED Materials industry.
  • The outbreak of COVID-19 is projected to lower the growth of the global LED Materials market at a reasonable rate during the forecast period due to global lockdown, disruption of global supply network, lack of available of workforce, and declining demand from end-users.
  • The alternatives available for LED Materials such as laser diode, sodium vapour lights, and florescent tubes is acts as a restraining factor to the growth of this market.

Product Type - Segment Analysis
The substrate material segment holds the largest share of more than 30% in the LED Materials market in 2019 and is projected to grow at a substantial rate over the forecast period. This growth is due to the growing uses of silicon based LED across TVs and handheld device displays, aviation lighting, automotive lighting, advertising and general lighting, and medical devices. Furthermore, growing demand for silicon-based die attach adhesives and optically reflective materials for industrial applications due to its excellent photo and thermal stability characteristics also drives the demand for substrate material based LED materials over the forecast period. 

Application - Segment Analysis
The automotive lighting segment is projected to grow at a highest CAGR of around 12% in the LED Materials market during the forecast period. This growth is attributed to the growing uses of LED materials in the electric vehicles. Furthermore, the growing trends of interior and exterior lightings in automotive is e also contributing for the growth of this segment during the forecast period. Additionally, as the life of LED lighting used in exterior automotive applications is increased, it has gathered better share of the automotive lighting market.

Geography - Segment Analysis
Among the regions, the APAC region holds the largest share of more than 35% in 2019 and is projected to witness the highest CAGR of around 11% in the global LED Materials market followed by North America and Europe during the forecast period. The growing building and construction and increased disposable income of the countries such as China and India is driving the growth of this market in the APAC region. For instance, according to the Chinese government report, the construction sector across the country is projected to witness a growth of 5.9% and 6.1% during years 2019 and 2020 respectively. Furthermore, the growing development of aviation sector in China and India is also accelerating the growth of LED Materials market share in APAC region during the forecast period.

Drivers – LED Materials Market
  • Growing demand for energy saving lightings 
The use of LED materials based lighting offers various advantages over incandescent light sources such as lower energy consumption, longer lifetime, improved physical robustness, smaller size, and faster switching. Hence, due to these features, the demand for LED material based lighting is growing across various end-use sectors including residential, commercial, and industrial. Furthermore, LED lighting is a highly energy efficient lighting technology and having the potential to fundamentally change the future of lighting globally.  For example, according to the Energy Saver report, the use of LED lighting can use at least 25%-75% less energy, and last 3-25 times longer, than incandescent lighting. Furthermore, along with energy saving the lifespan of LED lighting is more than that of the other light sources that makes LED lighting as the energy and cost saving lighting product, which in turn drives the demand for LED material based lighting products.   

  • Government subsidies in developing countries increases LED consumption  
Light-emitting diodes (LEDs) offers various benefits in terms of price, durability, and energy saving. So, by knowing these benefits, governments of the respective emerging nations such as China, India, Brazil, Argentina, and Mexico are focusing on reducing energy costs by implementing and developing energy-efficient devices. For instance, in May 2015, the Government of India (GoI) launched the Unnat Jyoti by Affordable LEDs for All (UJALA) scheme with a target of replacing 77 crore incandescent lamps with LED bulbs. Furthermore, the government has subsidized LED bulbs in order increase energy conservation. Whereas, in year 2013, according to the World Bank report, in India, the per capita consumption of an electric power was 765 KWh, which was close to a 25% of the global average of 3,104 KWh. Whereas, the per capita consumption of electricity in China was reached from 2,944 KWh in year 2010 to 3,762 KWh in 2013. Besides, according to the National Energy Administration (NEA) in China, in 2016, the country accounted for the largest share in terms of total energy consumed. This growth of per capita consumption of non-LED lighting has accelerated the demand for LED material based lightings due to various befits over non-LED. 

Challenges – LED Materials Market
  • Unstable economy and decline in automobile sales 
The growing trade war between the two largest economies includes the US and China, along with geopolitical tensions, global trade tensions, and global macroeconomic performance as a whole are the factors responsible for the current unstable economic conditions. The unstable economy is considered as a challenge for the growth of this market. Furthermore, in 2020, the ongoing outbreak of COVID-19 pandemic affecting lives, businesses, individuals, and industries. The rapid spread of this pandemic disease has had a major impact on global LED materials markets due to the lockdown and drastically falling demand from developed and developing nations across various industries such as automotive, aviation, manufacturing, and construction. Besides, the decline in the sale of passenger and commercial vehicles globally in 2019 acts as a restraining factor for the growth of this market. Additionally, the ban imposed by various countries such as China, UK, Germany, the US, France, Italy, Spain, and others on the diesel vehicles will implement by 2025 and 2030 also hampering the growth of this market.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the LED Materials market report. In 2019, the market of LED Materials top 10 companies accounting for xx% of the share. Major players in the LED Materials Market outlook are Nichia Corporation, Addison Engineering, Inc.Epistar Corporation, Koninklijke Philips N.V., OSRAM Licht AG, Epigan NV, LG Innotek, II-VI incorporated, China Crystal Technologies Co., Ltd, AkzoNobel (Netherlands), and Seoul Semiconductors Co, Ltd, Six Point Materials, Inc., Xinxiang Shenzhou Crystal Technology Co., Ltd among others. 

Acquisitions/Technology Launches
  • In March 2017, Cree, Inc., launched a new generation of LED XLamp XHP70.2 LED product that produced 9 percent more lumen and 18 percent advanced lumens/watt than that of the former generation XHP70 LED. The innovative LED help to enhance an optical control for lighting applications.

1. LED Materials Market - Market Overview
    1.1 Definitions and Scope
2. LED Materials Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Product Type
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. LED Materials Market - Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. LED Materials Market - Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. LED Materials Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. LED Materials Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. LED Materials Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product life cycle
    7.4 Suppliers and distributors Analysis
8. LED Materials Market – By Product Type (Market Size -$Million, KT)
    8.1 Substrate Materials
        8.1.1Silicon
        8.1.2Sapphire
        8.1.3Silicon Carbide
    8.2 Wafer
        8.2.1Gallium Nitride
        8.2.2Gallium Arsenide
    8.3 Epitaxy Materials
        8.3.1Trimethylaluminum
        8.3.2Trimethylgallium
    8.4 Phosphors
    8.5 Others
9. LED Materials Market – By Application (Market Size -$Million, KT)
    9.1General Lighting
        9.1.1 Industrial Lighting
        9.1.2 Residential Lighting
        9.1.3 Outdoor Lighting
        9.1.4 Others
    9.2Automotive Lighting
        9.2.1 Monitors
        9.2.2 Televisions
        9.2.3 Backlighting 
        9.2.4 Handheld Devices
        9.2.5 Others
    9.3Aviation
    9.4Electronics
    9.5Healthcare/Medical
    9.6Others
10. LED Materials Market - By Geography (Market Size -$Million / KT)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Spain
        10.3.6 Netherlands
        10.3.7 Russia
        10.3.8 Rest of Europe
    10.4 Asia-Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Japan
        10.4.4 Australia & New Zealand (ANZ)
        10.4.5 South Korea
        10.4.6 Rest of Asia-Pacific
    10.5 ROW
        10.5.1 Middle East
            10.5.1.1Saudi Arabia
            10.5.1.2UAE
            10.5.1.3Israel
            10.5.1.4Rest of Middle East
        10.5.2 Africa
            10.5.2.1South Africa
            10.5.2.2Nigeria
            10.5.2.3Rest of South Africa
11. LED Materials Market - Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis (Premium)
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. LED Materials Market - List of Key Companies by Country (Premium) 
14. LED Materials Market - Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global LED Materials Market By Type Market 2019-2024 ($M)
1.1 Substrate Materials Market 2019-2024 ($M) - Global Industry Research
1.1.1 Silicon Carbide Market 2019-2024 ($M)
1.1.2 Silicon Market 2019-2024 ($M)
1.1.3 Sapphire Market 2019-2024 ($M)
1.2 Wafer Market 2019-2024 ($M) - Global Industry Research
1.2.1 Gallium Arsenide Market 2019-2024 ($M)
1.2.2 Gallium Nitride Market 2019-2024 ($M)
1.3 Epitaxy Materials Market 2019-2024 ($M) - Global Industry Research
1.3.1 Trimethylgallium Market 2019-2024 ($M)
1.3.2 Trimethylaluminum Market 2019-2024 ($M)
1.4 Phosphor Market 2019-2024 ($M) - Global Industry Research
2.Global LED Materials Market By Type Market 2019-2024 (Volume/Units)
2.1 Substrate Materials Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Silicon Carbide Market 2019-2024 (Volume/Units)
2.1.2 Silicon Market 2019-2024 (Volume/Units)
2.1.3 Sapphire Market 2019-2024 (Volume/Units)
2.2 Wafer Market 2019-2024 (Volume/Units) - Global Industry Research
2.2.1 Gallium Arsenide Market 2019-2024 (Volume/Units)
2.2.2 Gallium Nitride Market 2019-2024 (Volume/Units)
2.3 Epitaxy Materials Market 2019-2024 (Volume/Units) - Global Industry Research
2.3.1 Trimethylgallium Market 2019-2024 (Volume/Units)
2.3.2 Trimethylaluminum Market 2019-2024 (Volume/Units)
2.4 Phosphor Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America LED Materials Market By Type Market 2019-2024 ($M)
3.1 Substrate Materials Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Silicon Carbide Market 2019-2024 ($M)
3.1.2 Silicon Market 2019-2024 ($M)
3.1.3 Sapphire Market 2019-2024 ($M)
3.2 Wafer Market 2019-2024 ($M) - Regional Industry Research
3.2.1 Gallium Arsenide Market 2019-2024 ($M)
3.2.2 Gallium Nitride Market 2019-2024 ($M)
3.3 Epitaxy Materials Market 2019-2024 ($M) - Regional Industry Research
3.3.1 Trimethylgallium Market 2019-2024 ($M)
3.3.2 Trimethylaluminum Market 2019-2024 ($M)
3.4 Phosphor Market 2019-2024 ($M) - Regional Industry Research
4.South America LED Materials Market By Type Market 2019-2024 ($M)
4.1 Substrate Materials Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Silicon Carbide Market 2019-2024 ($M)
4.1.2 Silicon Market 2019-2024 ($M)
4.1.3 Sapphire Market 2019-2024 ($M)
4.2 Wafer Market 2019-2024 ($M) - Regional Industry Research
4.2.1 Gallium Arsenide Market 2019-2024 ($M)
4.2.2 Gallium Nitride Market 2019-2024 ($M)
4.3 Epitaxy Materials Market 2019-2024 ($M) - Regional Industry Research
4.3.1 Trimethylgallium Market 2019-2024 ($M)
4.3.2 Trimethylaluminum Market 2019-2024 ($M)
4.4 Phosphor Market 2019-2024 ($M) - Regional Industry Research
5.Europe LED Materials Market By Type Market 2019-2024 ($M)
5.1 Substrate Materials Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Silicon Carbide Market 2019-2024 ($M)
5.1.2 Silicon Market 2019-2024 ($M)
5.1.3 Sapphire Market 2019-2024 ($M)
5.2 Wafer Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Gallium Arsenide Market 2019-2024 ($M)
5.2.2 Gallium Nitride Market 2019-2024 ($M)
5.3 Epitaxy Materials Market 2019-2024 ($M) - Regional Industry Research
5.3.1 Trimethylgallium Market 2019-2024 ($M)
5.3.2 Trimethylaluminum Market 2019-2024 ($M)
5.4 Phosphor Market 2019-2024 ($M) - Regional Industry Research
6.APAC LED Materials Market By Type Market 2019-2024 ($M)
6.1 Substrate Materials Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Silicon Carbide Market 2019-2024 ($M)
6.1.2 Silicon Market 2019-2024 ($M)
6.1.3 Sapphire Market 2019-2024 ($M)
6.2 Wafer Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Gallium Arsenide Market 2019-2024 ($M)
6.2.2 Gallium Nitride Market 2019-2024 ($M)
6.3 Epitaxy Materials Market 2019-2024 ($M) - Regional Industry Research
6.3.1 Trimethylgallium Market 2019-2024 ($M)
6.3.2 Trimethylaluminum Market 2019-2024 ($M)
6.4 Phosphor Market 2019-2024 ($M) - Regional Industry Research
7.MENA LED Materials Market By Type Market 2019-2024 ($M)
7.1 Substrate Materials Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Silicon Carbide Market 2019-2024 ($M)
7.1.2 Silicon Market 2019-2024 ($M)
7.1.3 Sapphire Market 2019-2024 ($M)
7.2 Wafer Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Gallium Arsenide Market 2019-2024 ($M)
7.2.2 Gallium Nitride Market 2019-2024 ($M)
7.3 Epitaxy Materials Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Trimethylgallium Market 2019-2024 ($M)
7.3.2 Trimethylaluminum Market 2019-2024 ($M)
7.4 Phosphor Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Led Materials Market Revenue, 2019-2024 ($M)
2.Canada Led Materials Market Revenue, 2019-2024 ($M)
3.Mexico Led Materials Market Revenue, 2019-2024 ($M)
4.Brazil Led Materials Market Revenue, 2019-2024 ($M)
5.Argentina Led Materials Market Revenue, 2019-2024 ($M)
6.Peru Led Materials Market Revenue, 2019-2024 ($M)
7.Colombia Led Materials Market Revenue, 2019-2024 ($M)
8.Chile Led Materials Market Revenue, 2019-2024 ($M)
9.Rest of South America Led Materials Market Revenue, 2019-2024 ($M)
10.UK Led Materials Market Revenue, 2019-2024 ($M)
11.Germany Led Materials Market Revenue, 2019-2024 ($M)
12.France Led Materials Market Revenue, 2019-2024 ($M)
13.Italy Led Materials Market Revenue, 2019-2024 ($M)
14.Spain Led Materials Market Revenue, 2019-2024 ($M)
15.Rest of Europe Led Materials Market Revenue, 2019-2024 ($M)
16.China Led Materials Market Revenue, 2019-2024 ($M)
17.India Led Materials Market Revenue, 2019-2024 ($M)
18.Japan Led Materials Market Revenue, 2019-2024 ($M)
19.South Korea Led Materials Market Revenue, 2019-2024 ($M)
20.South Africa Led Materials Market Revenue, 2019-2024 ($M)
21.North America Led Materials By Application
22.South America Led Materials By Application
23.Europe Led Materials By Application
24.APAC Led Materials By Application
25.MENA Led Materials By Application
26.Akzonobel N.V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Epistar Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.II-VI Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Koninklijke Philips N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Nichia Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Osram Licht AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Sumitomo Electric Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)