Global LED Encapsulation Market 2024-2028
The LED encapsulation market is forecasted to grow by USD 507.5 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the LED encapsulation 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for high power LED applications, growing automotive lighting needs, and rising demand for LED lights from industrial sector.
Technavio's LED encapsulation market is segmented as below:
By Type
- Epoxy
- Silicone
- Polyurethane
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the silicone encapsulant is expected to witness significant growth as one of the prime reasons driving the LED encapsulation market growth during the next few years. Also, growing awareness regarding the implementation of energy-efficient lighting systems and government initiatives regarding retrofitting traditional lights will lead to sizable demand in the market.
The report on the LED encapsulation market covers the following areas:
- LED encapsulation market sizing
- LED encapsulation market forecast
- LED encapsulation market industry analysis
The 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 encapsulation market vendors that include ams OSRAM AG, Avantor Inc., CHT Germany GmbH, Dow Inc., DuPont de Nemours Inc., Epic Corp., Foshan NationStar Optoelectronics Co. Ltd., H.B. Fuller Co., Henkel AG and Co. KGaA, Hitachi Ltd., Intertronics Ltd., KYOCERA Corp., Nitto Denko Corp., Panasonic Holdings Corp., Shin Etsu Chemical Co. Ltd., SolEpoxy Inc., and Wacker Chemie AG. Also, the LED encapsulation 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.
The publisher 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. The 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.