The global LED phosphors market revenue was around US$ 15.35 million in 2022 and is estimated to reach US$ 30.6 million by 2031, growing at a compound annual growth rate (CAGR) of 8% during the forecast period from 2023 to 2031.
LED phosphor is a type of photoluminescent substance that can convert blue and violet light from LED chips such as gallium nitride into visible light by absorbing their energy. In this technology, phosphors are frequently used because they have a significant impact on the efficiency, stability, and light quality of LEDs.
Market Driving Factors
Increasing energy prices and environmental concerns have spurred a shift towards LED lighting options, which utilize less energy than older lighting systems. In addition, LED phosphors aid in enhancing the energy efficiency of modern lighting systems, reducing overall energy usage. Thus, the growing need for energy-efficient lighting solutions is a factor that boosts market growth.
The automotive sector is estimated to increase with the rise in the concentrate of automotive lighting in the production of various auto parts. There has been a significant rise in demanding performance expectations, including light and intense heat characteristics in the latest designs for headlights within vehicles. Additionally, LED phosphor technology offers digitization of automotive headlights, providing entirely new functionalities such as advanced driving beam (ADB). Thus, the growth in requirement for myriad color needs for headlights and increasing automotive production are estimated to boost the market growth.
When compared to traditional lighting technologies, the initial cost of LED lighting systems, including LED phosphors may be higher. Thus, this factor hampers the market growth.
Regional Analysis
Asia-Pacific dominated the market in terms of the growth rate. LED Phosphors are utilized in applications such as indicators, illumination, and backlights for liquid crystal displays. In addition, LED lighting is utilized in a broad range of industrial and residential devices in the domestic sector. Therefore, the surge in demand for Samsung electronics in the region is anticipated to boost market growth.
Europe is estimated to dominate the market in terms of the growth rate. The increasing demand for energy-efficient lighting solutions in the residential, automotive, and commercial sectors is driving the demand for LED phosphors. Moreover, the automotive, food and beverage, and pharmaceutical industries are also increasing demand for high-quality LED lighting solutions in the region.
Segmentation Insights
Application Insight
The automotive segment is estimated to dominate the market in terms of revenue. The increasing requirements for cutting-edge lighting solutions in the automotive industry, including ambient lighting, adaptive lighting, and rear combination lamps, are driving the LED phosphor in the automotive lighting segment. Moreover, LED lighting in automotive applications has different benefits over conventional lighting options, including enhanced energy efficiency, longer life, and lower maintenance price.
The lighting segment dominates the market in terms of the largest share. LEDs consume far less electricity than decorative LEDs and incandescent bulbs. LEDs are much cooler than incandescent lights, lowering the chance of combustion or burnt fingers. In addition, recessed LED downlights are also increasing in demand and are generally utilized in hallways & bathrooms, residential kitchens, and several commercial & office environments. Therefore, the growth in demand for decorative lights is predicted to boost the LED phosphors market.
Type Insight
The nitride segment dominates the market in terms of the growth rate. Nitride LED phosphors are often utilized in wafer form. They have superior blue emissions and can withstand high voltages without degrading. Additionally, nitride LED phosphor materials can be highly useful in lighting applications such as workplace, residential, and street lights, where a white color light is needed for greater visibility. Therefore, such demand for nitride LED phosphor is estimated to propel the market growth.
The silicate segment dominates the market in terms of the large share. This is owing to the surging demand for LED lighting systems in a variety of applications such as commercial, residential, and industrial lighting. Silicate phosphors outperform other kinds of phosphors in terms of color rendering index (CRI), luminous efficacy, and thermal stability, making them perfect for utilization in high-performance LED lighting systems. Moreover, the increasing use of LED lighting systems for backlighting applications in electronic devices and automotive lighting is increasing the demand for segment growth.
Prominent Companies
Segmentation Outline
The global LED phosphors market segmentation focuses on the Application, Type, and Region.
By Application
By Type
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL LED PHOSPHORS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: LED PHOSPHORS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL LED PHOSPHORS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL LED PHOSPHORS MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 AUTOMOTIVE
5.3 PORTABLE PCS
5.4 SMARTPHONES
5.5 FLAT PANEL TVS
5.6 SIGNAGE
5.7 LIGHTING
5.8 OTHERS
6 GLOBAL LED PHOSPHORS MARKET, BY TYPE
6.1 OVERVIEW
6.2 PHOSPHATE
6.3 GARNET
6.4 SILICATE
6.5 NITRIDE
6.6 OTHERS
7 GLOBAL LED PHOSPHORS MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL LED PHOSPHORS MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 NIPPON ELECTRIC GLASS CO LTD
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 GENERAL ELECTRIC
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 LEUCHTSTOFFWERK BREITUNGEN GMBH
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 INTEMATIX CORPORATION
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 LUMILEDS HOLDING B.V.
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 BEIJING YUJI INTERNATIONAL CO LTD
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 HARVATEK CORPORATION
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 OSRAM GMBH
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 TAILORLUX GMBH
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 MITSUBISHI GAS CHEMICAL COMPANY
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.11 NICHIAS CORPORATION
9.11.1 OVERVIEW
9.11.2 FINANCIAL PERFORMANCE
9.11.3 PRODUCT OUTLOOK
9.11.4 KEY DEVELOPMENTS
9.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.12 LUMING TECHNOLOGY GROUP CO LTD
9.12.1 OVERVIEW
9.12.2 FINANCIAL PERFORMANCE
9.12.3 PRODUCT OUTLOOK
9.12.4 KEY DEVELOPMENTS
9.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.13 EDISON OPTO CORPORATION
9.13.1 OVERVIEW
9.13.2 FINANCIAL PERFORMANCE
9.13.3 PRODUCT OUTLOOK
9.13.4 KEY DEVELOPMENTS
9.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.14 MATERION CORPORATION
9.14.1 OVERVIEW
9.14.2 FINANCIAL PERFORMANCE
9.14.3 PRODUCT OUTLOOK
9.14.4 KEY DEVELOPMENTS
9.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.15 PHOSPHORTECH CORPORATION
9.15.1 OVERVIEW
9.15.2 FINANCIAL PERFORMANCE
9.15.3 PRODUCT OUTLOOK
9.15.4 KEY DEVELOPMENTS
9.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
著作権 ©2022 無断複写・転載を禁じます