Global LED Phosphors Market 2023-2029
LED phosphors are an important component of white LEDs, which are widely used in lighting applications such as homes, offices, and streetlights. By combining blue LEDs with yellow phosphors, for example, a warm white light can be produced. LED phosphors can also be used in specialized applications such as horticulture lighting, where specific wavelengths of light are used to promote plant growth, or in medical devices where specific colors of light are used for therapeutic purposes. The global LED phosphors market size is projected to grow by USD 834.0 million from 2023 to 2029, registering a CAGR of 18.51 percent, according to the latest market data.
The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global LED phosphors market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the application, and region. The global market for LED phosphors can be segmented by application: smartphones, LCD TVS, laptops/tablets, automotive, lighting, others. The lighting segment captured the largest share of the market in 2022. LED phosphors market is further segmented by region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific held the largest share of the global LED phosphors market in 2022 and is anticipated to hold its share during the forecast period.
Market Segmentation
By application: smartphones, LCD TVS, laptops/tablets, automotive, lighting, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America
The global LED phosphors market report offers detailed information on several market vendors, including Beijing Yuji International Co., Ltd., Intematix Corporation, Phosphor Tech Corporation, Denka Co., Ltd., Nichia Corporation, Mitsubishi Chemical Corporation, Lumileds Holding B.V., Luming Technology Group Co., Ltd., Citizen Electronics Co., Ltd., SMART Global Holdings, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Scope of the Report
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook