Global LED Phosphors Market 2022-2026

Global LED Phosphors Market 2022-2026

Technavio has been monitoring the LED phosphors market and it is poised to grow by $ 3.44 bn during 2022-2026 progressing at a CAGR of 20.18% during the forecast period. Our report on the LED phosphors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the adoption of LED phosphors in the automotive industry, strategic initiatives of market players, and favorable government policies.

The LED phosphors market analysis includes the application segment and geographic landscape.

Technavio's LED phosphors market is segmented as below:

By Application

• Smartphones
• LCD TVs
• Laptops/Tablets
• Automotive
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the development of new LED phosphor materials as one of the prime reasons driving the LED phosphors market growth during the next few years. Also, the rising preference for LED lighting technologies over conventional lighting systems and increased adoption of energy-efficient and smart lighting systems will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on LED phosphors market covers the following areas:

• LED phosphors market sizing
• LED phosphors market forecast
• LED phosphors market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading LED phosphors market vendors that include BBandS Lighting, Bridgelux Inc., Citizen Watch Co. Ltd., Denka Co. Ltd., EPISTAR Corp., Everlight Electronics Co. Ltd., General Electric Co., Intematix Corp., Lumileds Holding BV, Materion Corp., Merck KGaA, Mitsubishi Chemical Corp., Monocrystal, Nichia Corp., OSRAM Licht AG, Phosphortech Corp., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc., Yantai Tongli High-tech New Materials Co. Ltd., and Yuji International Co. Ltd. Also, the LED phosphors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Amgen Inc., AstraZeneca Plc, Dr. Reddys Laboratories Ltd., Eli Lilly and Co., F. Hoffmann La Roche Ltd., Ionis Pharmaceuticals Inc., Merck and Co. Inc., Novartis AG, Regeneron Pharmaceuticals Inc., Sanofi SA, Viatris Inc., GlaxoSmithKline Plc, Pfizer Inc.