Europe LED Materials Market | Industry Size and Growth Report 2023


Posted December 26, 2019 by mohammedimtiaz

Light emitting diodes (LEDs) are semiconductor devices that emit light when an electric current pass through it. Light is generated when particles that carry current combine with each other within a semiconductor material.
 
Market overview:
The size of the European LED materials market was at US$ 17.9 billion in 2018, and likely to be expanding at an annual growth rate of 9.8% from 2018 to 2023.
Light emitting diodes (LEDs) are semiconductor devices that emit light when an electric current pass through it. Light is generated when particles that carry current (known as electrons and holes) combine with each other within a semiconductor material.

Recent developments:
March 2018: The Fagerhult Group of Sweden acquired iGuzzini illuminazione S.p.A in Italy with cash and shares worth US$ 422 million.

Market Drivers and Restraints:
Europe LED materials market is dominated by the development of technological advances such as artificial intelligence, Internet of things (IoT) and automation worldwide. LEDs are increasingly used in applications such as high-definition television screens, cameras, camcorders, telecommunications, fiber optic communications and TV remote control. The automotive industry is driving the adoption of LED lighting in the internal and external sectors. This has led many OEMs to produce industry-specific LED lighting materials. Almost all major players in the industry have a separate department for the production of LED materials for the automotive industry. Due to the high energy costs in this area, households, public investors and governments should consider energy-saving lighting solutions. The regional government also offers subsidies and incentives to increase the adoption of LED products among consumers and eliminate obsolete and less efficient technologies to improve the overall efficiency of the lighting industry in Europe.

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Report segmented as:
In view of the various precursors used during the deposition of organic chemical vapor of metal (MOCVD), the market for LED materials is divided as trimethyl gallium (TMGa), trimethyl aluminum (TMA), trimethyl indium (TMIn), triethyl gallium (TEGa) and C2Mg2. Of these, the TMGa segment had the largest market share in 2017.

Geographical Segmentation:
The LED materials market in Europe has been divided into four main regions: Eastern Europe, Western Europe, Northern Europe and Southern Europe. The Western European sector dominated the market in 2018, as Germany is an important LED manufacturer in Europe and an important part of LED exports in the region. The presence of renowned companies such as OSRAM GmbH and Signify Holdings and the availability of technologically advanced manufacturing facilities are favorable for the growth prospects of the local market.

Key market players:
Some of the main companies operating in the market for light emitting diode (LED) materials are Intematrix, Dow Chemicals Company, DuPont, Cree, Inc., Sabic, Opto Semiconductors, OSRAM and Seoul Semiconductor.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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Issued By Mohammed Imtiaz
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Categories Automotive
Tags europe led materials market
Last Updated December 26, 2019