Light-Emitting Diode (LED) Materials Market Synopsis

Light-Emitting Diode (LED) Materials Market Size is Valued at USD 16.89 Billion in 2023, and is Projected to Reach USD 40.83 Billion by 2032, Growing at a CAGR of 10.30% From 2024-2032.

The light-emitting diode (LED) materials have undergone significant growth due to the increasing need for more efficient illumination technologies, and because of the constant innovation in the LED sector. LEDs are semiconductor devices in which illumination occurs when an electric current passes through them – and are thus highly more effective and efficient than the lighting technologies employed in the incandescent and fluorescent categories. The need for high performance LEDs’ materials such as semiconductors, phosphors, and encapsulants has been pushed higher by demand for the LED lighting solutions because of the need to cut down on global energy use and emission of green house gases.

• Some of the regions like North America, Europe, Asia-Pacific mainly control the demand of LED materials. Currently, Asia-Pacific is the largest producer and consumer of LED and HUDs due to its strong electronics manufacturing industry. China, Japan, and South Korea are large market contributors because of their growing spends on smart lighting solutions and advancement in LED technology. Furthermore, the EU standard coordinated standardization with regard to consistency and quality, together with its initiative on sustainability and energy efficiency, has led to new rules and provisos on using LED illumination and rising the market prospect.
• Based on the findings in this research, we expect the LED materials market to grow in the future given that innovation and technological improvements encourage innovation and new uses for LED materials. We expect additional demands for some specific LED materials because of novel smart lighting solution such as connected and intelligent lighting systems. In addition, the increasing usage of LED in automobiles, signs and displays also offer good opportunities to the manufacturers because LED material market has a bright scope in the future.

Light-Emitting Diode (LED) Materials Market Trend Analysis

Rise of Smart Lighting Solutions

• The use of smart lighting technologies continues to rise and this is a key factor in the growth of the LED materials market. This includes the incorporation of Internet of Things (IoT) features; enabling customers to control, especially lights, and adapt settings from their convenient locations. The application of intelligent LEDs for requirements of brightness, color temperature, and energy consumption is driving the research and development of materials that support applicative intelligence to enhance not only energy efficiency but also user satisfaction.

Shift Toward Sustainable Materials

• The most important is to mention the increasingly significant concerns regarding the green material and sustainability of LED products. Manufacturers are focusing on the use of environmentally friendly substitutes for typical materials such as biodegradable plastics used in LED packaging and phosphors of reduced eco unfriendly characteristics. Refreezing new technology for sustainability or talking about eco-friendly products and implementation of green procurements is not only in line with the requirements of consumers but also Learning Leads to the fulfilment of international endeavours LRather directly associated with reduction in carbon foot.

Light-Emitting Diode (LED) Materials Market Segment Analysis:

Light-Emitting Diode (LED) Materials Market Segmented on the basis of By Material Type, and By Application

By Material Type, Substrate Materials segment is expected to dominate the market during the forecast period

• According to the material type, we can classify the LED materials market into four major categories. The key categories within this segment are the wafers materials, the substrate materials, epitaxial materials, and phosphors. Substrate materials including gyroscope wafer of GaN or GaAs represent the first level in the production of LEDs. These materials offer fundamental characteristics of light-emitting and electrically conductive devices.
• The use of substrate material like sapphire, silicon carbide (SiC) and silicon for the growth of epitaxial layers enhances the result of LEDs to a greater extent. Epitaxial materials are used to create active layers that exist within a structure of an LED that produces light. LEDs use phosphors to change blue or ultraviolet light to numerous colours make broad general lighting, emotive displays, and auto light uses possible. This material segmentation is illustrative of the continuation of the market transition that has occurred as a result of the developing technologies and the various parts that are necessary for proper LED technological function.

 By Application, General Lighting segment held the largest share in 2024

• The LED materials market is dispersed across a broad customer base of various industries, but it is most commonly used in general illumination and automotive lighting. Light Emitting Diodes are the most used in homes, offices, and streetlights, because of their efficiency, long life, and applicability in general illumination.
• Moreover, the automotive lighting industry is using LEDs more evidently in the headlamps, taillights and interior lightning systems. This is because they provide enhanced visibility and safety, components that are always in high demand, even at a smaller size, while using less power. Interestingly, LEDs are used in horticultural lighting, displays, as well as in signs proving the versatility of the device. This leads us to estimate that further growth of demand for energy-saving solutions and developments in technology will increase the potential applications of LED materials.

Light-Emitting Diode (LED) Materials Market Regional Insights:

North America is expected to dominate the market due to several driving factors.

• Indeed, the materials market for LED is expected to be led by North America for several reasons including a strong focus on energy use, supportive government policies and programs on use of energy efficient lighting, and high investment in research. Different segments such as residential, commercial and industrial have embraced LED technology because the region has commitment to cut carbon emissions as well as meet the tight energy standards.
• In addition, the expanded adoption of intelligent illumination systems and smart cities in the urban areas also enhances the production of high-quality LED materials. Underlying market conditions are favorable for further expansion and application of LED, especially including characterized supply chain network and large market players in North America.

Active Key Players in the Light-Emitting Diode (LED) Materials Market

• AkzoNobel N.V. (Netherlands)
• Cree, Inc. (U.S.)
• EPISTAR Corporation (Taiwan)
• Hitachi Metals, Ltd. (Japan)
• II-VI Incorporated (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• NICHIA CORPORATION (Japan)
• OSRAM Opto Semiconductors GmbH (Germany)
• Sumitomo Electric Industries, Ltd. (Japan)
• UBE INDUSTRIES, LTD. (Japan)
• Addison Engineering, Inc. (U.S.)
• DOWA Electronic Materials Co. Ltd (Japan)
• Freiberger Compound Materials GmbH (Germany)
• Others

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Light-Emitting Diode (LED) Materials Market by Material Type
 4.1 Light-Emitting Diode (LED) Materials Market Snapshot and Growth Engine
 4.2 Light-Emitting Diode (LED) Materials Market Overview
 4.3 Wafer
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Wafer: Geographic Segmentation Analysis
 4.4 Substrate Materials
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Substrate Materials: Geographic Segmentation Analysis
 4.5 Epitaxial Materials
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Epitaxial Materials: Geographic Segmentation Analysis
 4.6 Phosphor
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Phosphor: Geographic Segmentation Analysis

Chapter 5: Light-Emitting Diode (LED) Materials Market by Application
 5.1 Light-Emitting Diode (LED) Materials Market Snapshot and Growth Engine
 5.2 Light-Emitting Diode (LED) Materials Market Overview
 5.3 General Lighting
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 General Lighting: Geographic Segmentation Analysis
 5.4 Automotive Lighting
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Automotive Lighting: Geographic Segmentation Analysis
 5.5 Others
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Others: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Light-Emitting Diode (LED) Materials Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 AKZONOBEL NV (NETHERLANDS)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 CREE INC (US)
 6.4 EPISTAR CORPORATION (TAIWAN)
 6.5 HITACHI METALS LTD (JAPAN)
 6.6 II-VI INCORPORATED (US)
 6.7 KONINKLIJKE PHILIPS NV (NETHERLANDS)
 6.8 NICHIA CORPORATION (JAPAN)
 6.9 OSRAM OPTO SEMICONDUCTORS GMBH (GERMANY)
 6.10 SUMITOMO ELECTRIC INDUSTRIES LTD (JAPAN)
 6.11 UBE INDUSTRIES LTD (JAPAN)
 6.12 ADDISON ENGINEERING INC (US)
 6.13 DOWA ELECTRONIC MATERIALS CO LTD (JAPAN)
 6.14 FREIBERGER COMPOUND MATERIALS GMBH (GERMANY)
 6.15 OTHERS

Chapter 7: Global Light-Emitting Diode (LED) Materials Market By Region
 7.1 Overview
 7.2. North America Light-Emitting Diode (LED) Materials Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Material Type
  7.2.4.1 Wafer
  7.2.4.2 Substrate Materials
  7.2.4.3 Epitaxial Materials
  7.2.4.4 Phosphor
  7.2.5 Historic and Forecasted Market Size By Application
  7.2.5.1 General Lighting
  7.2.5.2 Automotive Lighting
  7.2.5.3 Others
  7.2.6 Historic and Forecast Market Size by Country
  7.2.6.1 US
  7.2.6.2 Canada
  7.2.6.3 Mexico
 7.3. Eastern Europe Light-Emitting Diode (LED) Materials Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Material Type
  7.3.4.1 Wafer
  7.3.4.2 Substrate Materials
  7.3.4.3 Epitaxial Materials
  7.3.4.4 Phosphor
  7.3.5 Historic and Forecasted Market Size By Application
  7.3.5.1 General Lighting
  7.3.5.2 Automotive Lighting
  7.3.5.3 Others
  7.3.6 Historic and Forecast Market Size by Country
  7.3.6.1 Bulgaria
  7.3.6.2 The Czech Republic
  7.3.6.3 Hungary
  7.3.6.4 Poland
  7.3.6.5 Romania
  7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Light-Emitting Diode (LED) Materials Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Material Type
  7.4.4.1 Wafer
  7.4.4.2 Substrate Materials
  7.4.4.3 Epitaxial Materials
  7.4.4.4 Phosphor
  7.4.5 Historic and Forecasted Market Size By Application
  7.4.5.1 General Lighting
  7.4.5.2 Automotive Lighting
  7.4.5.3 Others
  7.4.6 Historic and Forecast Market Size by Country
  7.4.6.1 Germany
  7.4.6.2 UK
  7.4.6.3 France
  7.4.6.4 Netherlands
  7.4.6.5 Italy
  7.4.6.6 Russia
  7.4.6.7 Spain
  7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Light-Emitting Diode (LED) Materials Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Material Type
  7.5.4.1 Wafer
  7.5.4.2 Substrate Materials
  7.5.4.3 Epitaxial Materials
  7.5.4.4 Phosphor
  7.5.5 Historic and Forecasted Market Size By Application
  7.5.5.1 General Lighting
  7.5.5.2 Automotive Lighting
  7.5.5.3 Others
  7.5.6 Historic and Forecast Market Size by Country
  7.5.6.1 China
  7.5.6.2 India
  7.5.6.3 Japan
  7.5.6.4 South Korea
  7.5.6.5 Malaysia
  7.5.6.6 Thailand
  7.5.6.7 Vietnam
  7.5.6.8 The Philippines
  7.5.6.9 Australia
  7.5.6.10 New Zealand
  7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Light-Emitting Diode (LED) Materials Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Material Type
  7.6.4.1 Wafer
  7.6.4.2 Substrate Materials
  7.6.4.3 Epitaxial Materials
  7.6.4.4 Phosphor
  7.6.5 Historic and Forecasted Market Size By Application
  7.6.5.1 General Lighting
  7.6.5.2 Automotive Lighting
  7.6.5.3 Others
  7.6.6 Historic and Forecast Market Size by Country
  7.6.6.1 Turkey
  7.6.6.2 Bahrain
  7.6.6.3 Kuwait
  7.6.6.4 Saudi Arabia
  7.6.6.5 Qatar
  7.6.6.6 UAE
  7.6.6.7 Israel
  7.6.6.8 South Africa
 7.7. South America Light-Emitting Diode (LED) Materials Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Material Type
  7.7.4.1 Wafer
  7.7.4.2 Substrate Materials
  7.7.4.3 Epitaxial Materials
  7.7.4.4 Phosphor
  7.7.5 Historic and Forecasted Market Size By Application
  7.7.5.1 General Lighting
  7.7.5.2 Automotive Lighting
  7.7.5.3 Others
  7.7.6 Historic and Forecast Market Size by Country
  7.7.6.1 Brazil
  7.7.6.2 Argentina
  7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research