LED Materials Market Size, Share, Industry, Forecast and outlook (2023-2030)
Published: 2024 January 18
SKU : ICT1963
200 pages
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FAQ’s
What is the projected growth of the LED materials market?
The global LED materials market is expected to grow at a CAGR of 4.2% from 2023 to 2030, reaching a substantial size by the end of the forecast period.
Which factors are driving LED materials market growth?
Increasing LED penetration in the automotive industry and surging demand from the Asia Pacific region, particularly China, are key drivers propelling the market.
Which region is expected to dominate the LED materials market?
The Asia Pacific region, led by China, is poised to hold the largest market share due to its thriving automotive and electronics industries.
Who are the major players in the LED materials market?
Key players include Sumitomo Electric, MACOM, Cree, Nichia, and Plessey. These companies are driving innovation through product launches, collaborations, and mergers & acquisitions.