Pune, India -- (SBWire) -- 06/25/2018 --Global LED Materials Market  By Type (Substrate, Wafer, Epitaxy, Phosphor) By Application {General Lighting (Residential, Industrial, Outdoor), Automotive Lighting (Interior, Exterior), Backlighting} By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

The Global LED Materials Market accounted for USD 7.90 billion in 2016 and is projected to grow at a CAGR of 10.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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TOP Competitors of Market:

Akzonobel N.V, Cree, Inc.,

Epistar Corporation,

Hitachi Metals, Ltd., II-VI Incorporated,

Koninklijke Philips N.V.,

Nichia Corporation,

Osram Licht AG,

Sumitomo Electric Industries,

UBE Industries, Ltd.,

Addison Engineering, Inc.,

China Crystal Technologies Co., Ltd,

Dowa Electronic Materials Co Ltd,

Epigan NV,

Everl0ight Electronics Co., Ltd,

Freiberger Compound Materials GmbH,

Lake LED Materials Co., Ltd,

LG Innotek,

Macom Technology Solutions,

MTI Corporation,

Seoul Semiconductors Co, Ltd,

Sino Nitride Semiconductor Co, Ltd,

Six Point Materials, Inc.,

Soraa,

Xinxiang Shenzhou Crystal Technology Co., Ltd

many more.

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Major Market Drivers:

Ban on the use of incandescent bulbs in several countries

Government subsidies on LED lights

Advantages of LEDs over alternative light sources

Market restraint:

Lack of awareness about the benefits of LED in some regions

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