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LED Materials Market Competitive Analysis, Emerging Trends and Demand Forecast up to 2024

Global LED Materials Market, By Type (Wafers, Substrates/Semiconductors, and Others), By Application (General Lightings, Consumer Electronics, Automotive Exterior Lighting, Automotive Interior Lighting) - Forecast till 2024<br>

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LED Materials Market Competitive Analysis, Emerging Trends and Demand Forecast up to 2024

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  1. LED Materials Market Research Report - Forecast to 2024 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2024 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

  2. LED Materials Market Research Report- Forecast to 2024 LED Materials Market -Overview The Global LED Materials Market is expected to exhibit a robust 10.92% CAGR over the forecast period from 2018 to 2024, according to a recent research report from Market Research Future (MRFR). The Global LED Materials Market is primarily driven by the growing demand for LED lighting in residential and automotive applications. The growing government support to the environmentally viable LED lighting is also likely to remain a key driver for the Global LED Materials Market over the forecast period. The growing residential construction in emerging regions and the consequent rise in the demand for lighting products is likely to be a major driver for the Global LED Materials Market over the forecast period. The rapid urbanization in Asia Pacific and the Middle East has driven the demand for new residential construction and, consequently, for residential fittings such as electric lighting. The energy efficiency of LED light, as well as the fact that they provide white light in contrast to the yellow light provided by traditional incandescent lights, has been a key driver for the adoption of LED lighting in these residential buildings. This is likely to remain a key driver for the Global LED Materials Market over the forecast period. The growing automotive industry and the growing adoption of LED lighting in automotive applications is also likely to be a major driver for the Global LED Materials Market over the forecast period. Due to the fact that LED lights emit white light, they have become increasingly popular in automotive exterior lighting applications, as they provide a clear light that allows the driver to see farther than with conventional yellow lighting. Their lower carbon footprint has also made LED lights popular in automotive applications and is likely to drive their demand over the forecast period. www.marketresearchfuture.com

  3. LED Materials Market Research Report- Forecast to 2024 Segmental Analysis By Component, the LED Materials Market has been segmented into wafers, substrates/semiconductors, epitaxy material, phosphor, and others. The wafers segment is sub-segmented into silicon, silicon carbide, sapphire, and others. The sapphire segment is expected to expand at a CAGR of 8.25% during the forecast period. The silicon segment is also likely to experience rapid growth due to its growing usage in microelectronics. By Application, the LED Materials Market is segmented into general lighting, consumer electronics, automotive interior lighting, automotive exterior lighting, healthcare, display and billboards, and others. The residential lighting segment is anticipated to reach a valuation of USD 9,650.6 million by 2024 owing to the growing scope of the construction industry in emerging regions. View Full Press Release @https://www.marketresearchfuture.com/reports/led-materials-market-6228 www.marketresearchfuture.com

  4. LED Materials Market Research Report- Forecast to 2024 Regional Outlook Asia Pacific is likely to dominate the Global LED Materials Market over the forecast period due to the rapid growth of the automotive and construction industries in the region. The construction industry in the region has been driven by the growing urbanization in the region, which has driven urban immigration at a rapid pace. The demand for new residential construction to accommodate the new emigrants is likely to lead to a rising demand from the LED Materials Market over the forecast period. The increasing disposable income of consumers in Asia Pacific has also led to a growing demand for more plush, luxurious residences, which is also likely to drive the demand from the LED Materials Market over the forecast period. The automotive industry in Asia Pacific has also grown rapidly over the last decade and more and is likely to exhibit steady growth over the forecast period, leading to a rapid growth in the demand for LED materials in the region. www.marketresearchfuture.com

  5. LED Materials Market Research Report- Forecast to 2024 Major Players in this Research LED Materials Market Prominent Players: • EpiGaN, EpistarCorporation • AkzoNobelN.V., Plessey • DOWA Electronics Materials Co., Ltd. (DOWA Materials Co., Ltd) • Sumitomo Electric Industries, Ltd. • Nichia Corporation • Intematix • II-VI Incorporated • MACOM • UBE INDUSTRIES, LTD. • Cree, Inc. • OSRAM Opto Semiconductors GmbH Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6228 www.marketresearchfuture.com

  6. ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. www.marketresearchfuture.com

  7. MARKET RESEARCH FUTURE THANK YOU salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK) www.marketresearchfuture.com

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